Category: LATAM

DOMINICAN REPUBLIC: AUTOMATIC DECLARATION OF STATUTE OF LIMITATIONS – ABBREVIATED TAX AUDIT PROCEDURE – PAYMENT PLANS

  • inteligenciatributaria
  • latam
  • tax
  • taxupdate

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

CHILE: MINING ROYALTY TAX.

  • chile
  • LATAM
  • mineração
  • mining
  • tax
  • TaxRegulations
  • taxupdate

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

PERÚ: INVESTMENTS IN THE AMAZONÍA REGION PROMOTIONAL REGIME

  • taxupdate

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

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

  • Argentina
  • Argentina
  • beincopmpliance
  • inteligenciatributaria
  • LATAM
  • PAIS
  • tax
  • TaxCompliance
  • taxcompliance
  • TaxRegulations
  • taxupdate
  • TaxUpdate

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.

  • COLOMBIA
  • LATAM
  • tax
  • TaxCompliance
  • TaxRegulations

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

  • Argentina
  • Invoices
  • TaxCompliance
  • TaxRegulations
  • TaxUpdate

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

COLOMBIA: TAX TREATMENT ON DIVIDENDS AND PARTICIPATION DISTRIBUTIONS

  • COLOMBIA
  • colombia
  • LATAM
  • tax
  • tax
  • TaxCompliance
  • TaxRegulations
  • taxupdate

On July 11th, the official publication of Decree No. 1103 brought significant amendments to Decree No. 1625 – Single Tax Regulations. These changes impact the tax treatment of dividends and participations distributions for resident and foreign individuals, entities, and undivided estates starting from January 1st, 2023. Key Aspects: