Industries and markets

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

S4/HANA in Brazil

The Hurdles of S4/HANA in Brazil SAP S/4HANA is aimed at easing work processes and reduce business costs: improved data models, an intuitive user interface as well as innovative functions motivate companies to implement the

Peru: Changes for Comprobantes de Pago

On December 22nd, 2018, the Peruvian tax authority SUNAT published Resolution No. 295-2018 which outlines changes to the current Comprobantes de Pago system.   Exemption from Comprobantes de Pago The resolution includes certain exceptions for

Mexico: VAT Reduction of 50% in the Northern Border Region

The Mexican Government has created a fiscal stimulus plan for the northern border region that is based on a 50% VAT reduction for certain transakctions.   What it is The 50% VAT reduction has been

Bolsonaro and the Israeli-Iranian rivalry in South America

“Far-right politician Jair Bolsonaro, who has repeatedly expressed his sympathies for Israel, was recently inaugurated as the president of Brazil – the region’s most powerful and populous nation. His presidency will certainly pursue a different approach

Argentina: Implementing Decree for Transfer Pricing Rules

At the end of 2018, a decree concerning transfer pricing rules has been published in Argentina which outlines the corresponding law 27.430 / 2017. Decree Measures The specific measures of the decree are: adoption of