Industries and markets
Brazil: Regulatory Changes in 2020
In 2020, numerous regulatory changes can be expected in Brazil which will affect the following topics and systems: SPED (EFD/ECD) E-Invoicing GTIN (Global Trade Item Number) Electronic Document Manifesto – MDFe BPe Electronic Ticket for ICMS FATe – Plac Electronic Invoice What is new for ECD and EFD in 2020? Digital Tax Bookkeeping…
Read MoreBrazilian Stocks’ Growth Potential in 2020 Over 13 Percent, Says Swiss UBS Bank
“Among the factors that make the country the biggest Swiss bank bet for the year are advancing reforms, low interest rates over a long period, economic rebound and corporate profit growth, as well as a favorable global environment.”
Read MoreDriven by Privatizations, Foreign Investment in Brazil Grew 26 Percent in 2019
“The country climbed from 9th to 4th place among the largest destinations for Foreign Direct Investments according to the UNCTAD survey. “
Read MoreChina Blocks Brazil’s Evangelical Group Seeking United Nations Recognition
“Since 2019, Bolsonaro’s government has looked favorably on the organization’s request, since it would represent an important reinforcement for some items on Brazil’s diplomatic agenda.”
Read MoreMining giant Vale’s ex CEO charged with homicide for massive dam collapse
“Vale’s former chief executive officer was charged with homicide for the massive dam collapse that killed more than 250 people in Brazil last January (2019). Fabio Schvartsman is the highest-profile executive facing criminal charges for Brazil’s worst environmental disaster.”
Read MoreMexico: UMA amounts effective 1 February 2020
The values of the “unit of measure and update” (unidad de medida y actualización (UMA)) were published on 10 January 2020 in the official gazette and will be effective 1 February 2020: Daily $86.88* Monthly $2,641.15 Annually $31,693.80 *$ = Mexican peso The UMA values have implications for tax and social security contribution determinations. …
Read MoreArgentine president puts a deadline to renegotiates public debt: March 31
“Argentina is in talks with bondholders and other creditors to restructure about US$ 100 billion in debt, among them the IMF to whom it owes about US$ 44 billion.”
Read MoreChile’s oil company ENAP faces sanctions for hydro-fracking in Tierra del Fuego
“ENAP has 10 days to present a compliance plan to the regulator, or 15 days to dispute the charges, the environmental superintendent said in a statement.”
Read MoreArgentine president said no plans to bail out Buenos Aires province, the richest of the country
“Buenos Aires province, Argentina’s largest, said last week it was seeking talks for ”temporary financial relief“ with holders of its 10.875% bond due in 2021.”
Read MoreLawsuit forces Uber to stop operating in Colombia
“Uber said Friday it will stop operating in Colombia following stiff opposition from taxi drivers’ unions and a lawsuit that said the ride-sharing app was breaking local transport laws.”
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