In Focus

Chile: MFN Principle in International Contracts

According to the most favored nation (MFN) principle a state has to grant the same foreign trade privilege to other states which it grated to a third state. The principle is the base of GATT and many other international trade agreements.   Chile-Japan Treaty The treaty between Chile and Japan which came into effect in…

Read More

New e-Invoicing Models in LATAM in 2019

Multiple Latin American countries such as Guatemala, Panama or Paraguay develop their own e-Invoicing models. They follow their regional neighbors with more sophisticated e-Invoicing systems such as Mexico, Brazil or Chile.   The most important News for 2019   Country e-Invoicing News 2019 Argentina from April 2019 on mandatory + combination with R.E.C.E. Guatemala introduction…

Read More

LATAM: Economic Recovery 2019

At the end of the super election year it is worthwhile to look at the economic prognoses of the region and the individual countries. Where can economic growth be expected? Which political and economic decisions will support or hinder such growth? What can be expected of the new governments? This article will provide a general…

Read More

The Brazilian Reporting Trap

Because of the encompassing reporting duties the Brazilian finance and tax authorities know almost everything about companies residing in Brazil. Moreover, they have five years’ time  to check submitted data and initiate an audit. Such inspections are carried out with the utmost scrutiny and usually lead to high fines. However, SAP in Brazil does not…

Read More

Brazil: new social security contributions on meal benefits

There is no such thing as a free lunch In Brazil there is a meal benefits system in place, the Programa de Alimentação do trabalhador (PAT),  which up until recently enabled companies to contract catering companies for providing discounted meals to their employees. However, the tax appellate court (Conselho Administrativo de Recursos Fiscais) has decided…

Read More

Tax Compliance Time – Brazil Still Tops the League

Good news for companies doing business in Brazil. The latest edition of the PWC/World Bank Group’s annual publication, Paying Taxes, reveals that it now takes businesses only 1,958 hours a year to comply with their Brazilian tax filing and payment obligations. This represents a reduction of 80 hours from the previous year and a whopping…

Read More
Wir benutzen Cookies um die Nutzerfreundlichkeit der Webseite zu verbessen. Durch Deinen Besuch stimmst Du dem zu.