Industries and markets

Mexico: Planned VAT reduction

On June 10, 2020, the Mexican Congress introduced a reform proposal temporarily reducing the VAT rate from 16% to 10% for the remaining of fiscal year 2020. Further reductions should apply for the North and

‘Birds on the wire’: surveillance concerns grow in Mexico City

“The fake antennas suggest the presence of international mobile subscriber identity (IMSI) catchers, also known as “stingrays,” which mimic cellphone towers to force cellphones in the area to transmit “pings” back to the devices, enabling

Mexico president would sell gas to Venezuela if asked

“Venezuela has not made a request of us, but if it were a humanitarian necessity, we would do it,” López Obrador said during a visit to the Gulf coast state of Veracruz. “We are free,

WhatsApp Launches Payment Transfers in Brazil

“Users will input a six-digit PIN or utilize their fingerprint ID in order to authorize the transactions, which are enabled through Facebook Pay. With the debut in Brazil, WhatsApp will initially partner with Banco de

Chile extends state of catastrophe by 90 days as coronavirus surges

“The pace of new infections has increased dramatically in May and June, averaging over 5,000 daily in recent weeks. The onslaught has filled critical care wards and prompted authorities to declare a full lockdown in

Brazil registers world’s second-highest COVID-19 toll as stock market soars

“In the three worst-hit states, São Paulo, Rio de Janeiro and Ceará, street trade and malls are already open, after a slow return to work in the factories in the last weeks.”

Virus deepens Argentina’s economic crisis as poverty soars

“The percentage of Argentines in poverty is expected to reach as high as 45% this year as the COVID-19 pandemic worsens an already grave economic crisis. The twin crises are presenting a grueling challenge to

Video: Mexico president clashes with governors on reopening

“Mexico’s government is gradually reopening its economy, despite signs that the coronavirus pandemic is worsening.”

Coronavirus: How pandemic turned political in Brazil

“From the outset, President Jair Bolsonaro has played down the virus. Early on in the crisis, he went on TV several times, calling it a little flu and accusing the media of hysteria.”

Argentina: AFIP Updates on International Operations

Argentina`s tax authority AFIP has published a news General Resolution (No. 4,717) which  establishes the new  formalities and  requirements for the following purposes within international operations:   demonstrating the correct determination of prices, amounts of