Industries and markets

Brazil’s Odebrecht files for bankruptcy protection after years of graft probes

“Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America’s largest-ever in-court debt restructurings.”

Video: Colombia deports undocumented Venezuelans entering Cucuta

“When border crossings between Venezuela and Colombia reopened, it came as a relief for Venezuelans desperate to cross over and get food, medicine and other things they can’t find at home.”

Ecuador: SRI implements new Tax Rules and Procedures

In Mid-February 2019, the Ecuadorian tax authority SRI issued new rules and procedures for the effective implementation of the common standard of information communication and due diligence for taxpayers though Resolution No. NAC-DGERCGC19-00000003. The Resolution

Ecuador ‘allows US military planes to use Galapagos island airfield’

“They will “fight drug trafficking” under a deal with Ecuador’s government, Mr Jarrin said.”

With consultation by a show of hands, AMLO cancels Durango transit project

“An impromptu show of hands at a rally to distribute social program funds has cancelled a multi-million-peso transportation project in Durango.”

Head of Brazil’s powerful Development bank resigns following clash with Bolsonaro

“The relationship between Levy and Bolsonaro had been strained for months over a variety of factors, including the slow pace of asset divestitures by the bank.”

Brazil scraps visas for tourists from US, Canada, Japan and Australia

“Effective June 17, tourists from the United States, Canada, Japan and Australia will no longer need a visa to visit Brazil. Travellers with a valid passport will be able to explore Brazil for up to

Mexico: Complicated Complemento de Pagos

Since September 1st, companies in Mexico have to supplement specific invoices with the „Complemento  para recepción de Pagos“ when issuing it to the tax authority SAT.     What it is In Mexico, e-Invoicing is

Colombia: Changes to the Exógena Report

The Exógena Report (exogenous information) is a set of data on the operations carried out with customers or users. The report has to be submitted monthly or annually by natural persons or legal entities to

Colombian high court strips ex guerrilla leader of his congressional seat

“The State Council, the highest administrative court in Colombia, said it was stripping Marquez of his seat because he never took office and didn’t provide “just cause” for the move, court president Lucy Bermudez told