ARGENTINA: ARGENTINA – LUXEMBOURG DOUBLE TAX TREATY FOR AIRLINES INTERNATIONAL TRANSPORTATION-SOURCE INCOME

Today, the Argentine Official Gazette published Law No. 27,774 which approves the Argentina – Luxembourg Income Tax and Wealth Tax Reciprocal Exemption concerning Income Arising from Aircrafts’ International Transportation Operations (“DTT”) signed on June 24th, 2004. We highlight the following aspects of this Treaty:

ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX – HYDROCARBON SECTOR 

An Extraordinary Payment on Account of Income Tax for the Hydrocarbon Sector was published today in the Official Gazette of Argentina through General Resolution No. 5453/2023.  Entities carrying out any of the activities below shall be subject to the payment on account obligations provided that in the FY 2022 or FY 2023 Income Tax return, … Continued

Como Funciona a Taxupdate?

A Taxupdate opera por meio de um avançado processo tecnológico, focalizando na análise minuciosa dos diários oficiais em âmbitos federal, estadual e municipal. Utilizando sua tecnologia avançada, a empresa filtra com precisão as informações relevantes para cada setor, oferecendo um serviço altamente eficaz. Em seguida, uma equipe de renomados advogados tributaristas assume o cenário. Esses … Continued

Ecuador: REGULATIONS TO THE NEW TAX ON NON-RETURNABLE PLASTIC BOTTLES

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

PERÚ: INVESTMENTS IN THE AMAZONÍA REGION PROMOTIONAL REGIME

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