🚨 Uruguay | Investment Promotion Regime Update Uruguay has issued Decree No. 329/2025, introducing a substantial redesign of its Investment Promotion Regime under Law 16,906, aimed at accelerating growth while making incentives more targeted, measurable, and impact-driven. Key Highlights: 🔹 Strategic refocus: Clean Technologies are replaced by Environmental Sustainability, and R&D now includes Technological Adaptation … Continued
During the final days of 2025 and throughout 2026, the Argentine Government is expected to advance a comprehensive tax reform agenda, to be implemented in several stages amid an active parliamentary schedule. As a first step towards modernizing, simplifying, and reducing the overall burden of the Argentine Tax System, on December 27th, 2025, the Argentine … Continued
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:
Today, the Uruguayan Official Gazette published Today, the Uruguayan Official Gazette published Law No. 20,367 which approves the Argentina – Turkey Double Tax Treaty (“DTT”) signed on November 19th, 2021. We highlight the following aspects: a. Scope: (i) In line with Action 2 of the Basis Erosion and Profit Shifting (BEPS) Plan, it sets forth … Continued
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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
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
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
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
