CHILE – USA DOUBLE TAX TREATY AND PROTOCOL PROMULGATION.

On January 29th, the Chilean Official Gazette published the promulgation of the Chile – United States of America (“USA”) Double Tax Treaty (“DTT”) signed on February 4th, 2010, and effective December 19th, 2023. We highlight the following aspects: However: (i) if at any time under the domestic law of Chile the First Category Tax ceases … Continued

Bolivia: Unified Farming Regime Deadlines Extension

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

ARGENTINA: PAIS TAX SCOPE AMENDMENT AND NEW PAYMENT ON ACCOUNT.

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

COLOMBIA: Tax Treatment on Dividends and Participation Distribution.

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

Invoincins Regulations – Identification of Final Consumers

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