Alberto Maturana, Ciro Meza, Martin Barreiro and Rolando Ramírez-Gastón of Baker McKenzie and Clarissa Machado* of Trench Rossi Watanabe provide tax updates from Argentina, Brazil, Chile, Colombia, Peru, Mexico and Venezuela.
The article provides an overview of relevant tax updates in key Latin American jurisdictions, including the recent tax reforms implemented in Colombia, Mexico and Chile and the increase of the Corporate Income Tax rates and dividends taxation in Argentina and Colombia. It also comments on the most important tax reforms proposals in Brazil and on strategic tax incentives granted in some countries to try to balance the increase of tax audits and tax burdens in response to the economic, social and political issues caused by the COVID-19 pandemic.
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We would like to credit as fellow contributors to this article Ronald Evans, Hector-Diaz Santana, and Roxana Orta-Gomez.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.
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