Last November 24th, Executive Decree No.929 was published in Ecuador, establishing the procedure for purposes of reporting and paying the Tax on No-Returnable Plastic Bottles (“PET” bottles) (“IRBP”) established by Decree-Law No. 877, as well as the requirements, conditions, and limits applicable to payments to transformer recyclers. These regulations apply at the national level to … Continued
Through Normative Resolution 102300000033 the Bolivian Tax Authorities publishes the deadlines extension until November 30th, 2023 applicable to (i) FY 2022 Unified Farming Regime (“RAU”) Tax Returns filing and payment obligations and (ii) the RAU Non-Taxability Certificate of this Regime processing. https://lnkd.in/dftFf29r
TaxUpdate, a renowned Brazilian Legaltech, showcases its expertise in the realm of Taxation and Compliance, revealing a comprehensive operational scope that encompasses both the national territory and a substantial portion of Latin America. With over 15 years of dedicated market presence, TaxUpdate establishes itself as an experienced and trustworthy entity within the industry. Where Does … Continued
DOMINICAN REPUBLIC: AUTOMATIC DECLARATION OF STATUTE OF LIMITATIONS – ABBREVIATED TAX AUDIT PROCEDURE – PAYMENT PLANS. Yesterday, Law No. 51-23, passed by the Congress of the Dominican Republic on August 10th, 2023, was made available. This law establishes (i) an automatic declaration of the statute of limitations period, (ii) an abbreviated audit procedure, and (iii) … Continued
Today’s Chilean Official Gazette unveiled Law No. 21,591, ushering in a transformative “Mining Royalty” tax applicable to Individual and Corporate Miners from January 1st, 2024. Here are the key highlights: 1. Annual Accrual and Reporting: 2. Ad-Valorem Component: 3. Mining Margin Component: 4. General Mining Royalty Rates: 5. Determination Factors: 6. Monthly Provisional Payments: 7. … Continued
Today, the Peruvian Official Gazette published Law No. 31,855 – effective January 1st, 2024 – which amends Law No. 27,037 – Investments in the Amazonía Promotional Regime Law – in order to provide that a 5% Income Tax rate shall apply on third category income – i.e., business income – shall apply for taxpayers located … Continued
On the 24th, Argentina announced Decree No. 377/2023, expanding the scope of the “PAIS Tax” Regulations approved by Decree No. 99/2019. Key changes include: 1. Taxable Transactions: 2. Exchange Rate Impact: 3. AFIP Empowerment: 4. General Resolution No. 5393/2023: Payment on Account Features: For more details, refer to the official publications: Decree No. 377/2023 and … Continued
Resolution No. 000108 On July 17th, the Colombian Authorities (DIAN) released Resolution No. 000108, amending the Final Beneficiaries’ Registry (“RUB”) Regulations. We highlight the following: 1. Information included in the RUB: when the final beneficiary that was identified dies or when the final beneficiary dies without completing the registration before the RUB, the information included … Continued
The Argentine Federal Tax Authorities have released a crucial update on their website, addressing the thresholds of invoicing amounts that necessitate mandatory recipient identification. This initiative aims to fortify the Invoices Issuance Control System. Key Points: By staying abreast of these updates, businesses can navigate the evolving landscape of invoicing regulations and contribute to the … Continued
