Industries and markets

Bolsonaro to promote ‘new Brazil’ at Davos

“Skirting the first political scandal of his new presidency, far-right leader Jair Bolsonaro will tout a “new Brazil” when he addresses the world’s business elite in Davos. The president of Latin America’s biggest economy is

Colombia: New Tax Law in Effect

Since 1 January 2019, a new tax law has been in place in Colombia. It includes the reduction of corporation tax, incentives for investments and international tax changes.   Corporate Income Tax Initially, the law

Brazil environment chief accused of ‘war on NGOs’ as partnerships paused

“Brazil’s new environment minister, Ricardo Salles, has suspended all partnerships and agreements with non-governmental organizations for 90 days, in a move that was described as “a war against NGOs”. Announcing the move, Salles said the

Dozens killed as oil pipeline explodes in Mexico

“The number of people who died from a gasoline pipeline explosion in central Mexico has risen to at least 85, according to the country’s health minister. Jorge Alcocer told a news conference on Sunday that an additional

Climate change a ‘secondary’ issue, says Brazil’s environment minister

“Brazil’s new environment minister believes that global warming is “secondary”, that many environmental fines are “ideological” and has been accused of altering plans for an environmentally protected area in order to favour businesses. Ricardo Salles,

Mexico Congress backs National Guard, weakens military role

“The lower house of Mexico’s Congress has passed a measure creating a National Guard, though it was quickly criticized by President Andres Manuel Lopez Obrador for weakening controversial proposals to give the military a greater

Mexico: Further Tax Incentives for Northern Border Region

On December 29th, 2018, a decree has been published in Mexico which is aimed at improving the economic situation of the northern border region (“frontera norte”). The decree offers tax incentives to residing companies in

Brazil: Supreme Court rules over 30% Lock-In for loss carried forward

Currently, there is a 30% Lock-In for loss carried over and negative calculation bases for the CSLL tax in Brazil. This limitation has been deemed unconstitutional by lawyers and companies alike wherefore they submitted complaint

Brazil: New Regulation for Indirect Imports

A new regulation expands the concept of indirect imports while increasing the risk for importers. On the last day of business in 2018, the Internal Revenue Service (RFB) of Brazil published the Normative Instruction RFB

Brazil: New Common Nomenclature for Mercosur

Since January 1st, 2019, a new common nomenclature for Mercosur (NCM) has been in place which includes new units of measure for foreign trade on the NF-e portal (electronic nota fiscal, e-invoicing).   NCM Table

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