Industries and markets

Peru: Changes for Comprobantes de Pago

On December 22nd, 2018, the Peruvian tax authority SUNAT published Resolution No. 295-2018 which outlines changes to the current Comprobantes de Pago system.   Exemption from Comprobantes de Pago The resolution includes certain exceptions for

Mexico: VAT Reduction of 50% in the Northern Border Region

The Mexican Government has created a fiscal stimulus plan for the northern border region that is based on a 50% VAT reduction for certain transakctions.   What it is The 50% VAT reduction has been

Bolsonaro and the Israeli-Iranian rivalry in South America

“Far-right politician Jair Bolsonaro, who has repeatedly expressed his sympathies for Israel, was recently inaugurated as the president of Brazil – the region’s most powerful and populous nation. His presidency will certainly pursue a different approach

Argentina: Implementing Decree for Transfer Pricing Rules

At the end of 2018, a decree concerning transfer pricing rules has been published in Argentina which outlines the corresponding law 27.430 / 2017. Decree Measures The specific measures of the decree are: adoption of

Brazil: No ICMS Tax on Back-to-Back Trades

Back-to-Back trades describe the buying and selling of goods without them touching Brazilian soil. Specifically, Brazilian companies buy goods from a foreign vendor and let them be shipped to a buyer abroad by a third

Mexicans scramble for gasoline as stations run dry

“State oil company Petroleos Mexicanos said the use of more secure transportation methods has resulted in delays for fuel delivery to gas stations in the states of Guanajuato, Hidalgo, Jalisco, Michoacan, Mexico and Queretaro. It

Brazil: eSocial – Opportunities and Hurdles

eSocial is a platform that companies have to use to submit employee information to the fiscal authorities. By using a common platform the submission requirement should be unified and simplified. Companies should profit from the

AMLO launches ambitious economic plan on the Mexican side of the border

“President Andrés Manuel López Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country’s commitment to manufacturing and trade despite recent U.S. threats to

GM overtakes Nissan as Mexico’s No. 1 auto maker

“The United States manufacturer made 801,163 light vehicles in Mexico to the end of November last year, a 9% increase on 2017 numbers. It was also the top auto exporter from Mexico, with over 775,000

Video: Challenges facing Brazil’s new president

“Brazil’s new far-right President Jair Bolsonaro has been busy since he was sworn in. Among other things, he signed an order to make it impossible to create more indigenous reserves. But he faces a formidable