Industries and markets

Mexico: Requirement of “certain date” in private documents

With four votes in favor and one abstention, on October 23, 2019, the Second Chamber of the Supreme Court of Justice of Mexico, resolved the contradiction of thesis number 203/2019, which concerns the “certain date”

Brazil to Honor R$1.8 Billion in UN and BRICS Bank Debts in 2019

“On the other hand, it will no longer honor commitments to other international entities such as CAF, IDB Invest, (FONPLATA), and IDA.”

Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

“SBM Offshore is pleased to announce it has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Sepetiba. These contracts follow the signing of the binding Letter of Intent as announced

The 50 Best Companies to Work in Brazil in 2020, According to Employees

“In this first edition, the German company SAP, which operates in the corporate software sector, won the podium and was elected by Glassdoor as the best company to work for in Brazil.”

Government orders dismissal of head of exploration at Pemex for corruption

“Miguel Ángel Lozada was allegedly involved in ‘Master Fraud’ embezzlement scheme.”

“Bad news” for Argentine industry: Fernández’s emergency decree doubles compensation for 180 days

“In the case of dismissals without just cause ”the affected workers will have the right to receive double the corresponding compensation in accordance with current legislation,“ the brand-new Fernández administration explained.”

Brazil’s Tax Reform 2020

According to the World Bank’s Doing Business 2019 report, a Brazilian company needs 1,958 hours to prepare its taxes, while the average of 190 countries surveyed is 206 hours. The reason for the tax chaos

Mexico: Downpayment Management via CFDI

The Mexican Tax Administration (SAT) has defined with the new version 3.3 of CFDI how to manage advance payments for goods or services.   CFDI documents (Compromising Fiscal Digital por Internet, digital tax documents via

Colombia: New information on the Economic Development Act

The Act to Promote Economic Growth (Proyecto de Ley No. 278 de 2019) was introduced in early autumn and contains various tax measures intended to mitigate the effects of a Constitutional Court ruling on the

Argentine congress plans to have 2020 Budget Bill approved before end of the year

“The recently sworn-in Argentine Lower House of Congress expects to sanction the Budget 2020 Bill during a special session next 18 December, giving the government of president-elect Alberto Fernandez sufficient margin to address the current