Industries and markets

Pandemic Epicenter, Brazil Leads Economic Rebound in Latin America

“Brazil, faced with the most severe Covid-19 outbreak in Latin America, emerges with the mildest recession in the region this year, driven by a faster economic reopening and temporary stimulus measures.”

Brazil: Confaz publishes Adjustment to SINIEF and new ICMS Agreements

On August 4th, Brazil`s National Council of Finance Policy (Confaz) published a SINIEF Adjustment and new ICMS Agreements.   SINIEF Adjustment SINIEF is Brazil`s national system for economic and fiscal information (Sistema Nacional de Informações

Brazil: RFB creates online Power of Attorney signature

The Federal Revenue of Brazil (RFB) started to offer to the taxpayer, on the e-CAC Portal, the RFB Proxy service with a notarized signature through the Dossiê Digital de Atendimento (DDA). The measure aims to

Brazil: Government launches “Q&A” ​​on the Tax Reform

On August 5th, the Brazilian Ministry of Economy launched a publication in the “Questions and Answers” ​​format, explaining the main points of the first part of the federal government’s Tax Reform proposal (Bill No. 3,887

Mexico: Extended Deadline for FATCA and CRS

Due to the effects of the COVID-19 pandemic, the Mexican tax authority SAT extended the registration deadlines for FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) for the 2019 reporting period from

Brazilian Labor Market Shows No Sign of Quick Rebound

“During the second quarter this year, the first fully under the impact of the health crisis, 8.9 million people lost their jobs.”

Chile: New Wave of Violence; Right-wing Groups Attack Mapuche Protestors

“Insufficient protection by government and police concerns the Inter-American Commission on Human Rights.”

Credit rating agencies have their doubts about Argentina’s economic outlook

“Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.”

Could China Replace Brazil as Argentina’s Main Trading Partner?

“China passed Brazil as Argentina’s main trading partner for the first time in April and repeated the result in the following two months.”

Ecuador extends deadline for negotiations with bondholders

“Ecuador will extend the deadline for creditors to vote on its US$ 17.4 billion debt restructuring plan to Monday following a lawsuit by a small group of bondholders, the finance ministry said on Thursday.”