The Economic Commission for Latin America and the Caribbean (ECLAC) has released its latest International Trade Outlook for Latin America...
Tag: Latin America and the Caribbean
New border regime in Uruguay: key tax information for companies
The Uruguayan government has issued a new regulatory framework to mitigate economic disadvantages in areas bordering Brazil, where price differences...
New Law in Peru strengthens labor protection for workers diagnosed with cancer
Law No. 32.431 was published in the Legal Standards Bulletin of the Official Gazette El Peruano on September 4, 2025,...
Tax overview of Latin America and the Caribbean in 2025: between structural challenges and opportunities for reform
The new edition of the report “Tax Statistics in Latin America and the Caribbean 2025,” prepared by the OECD in...
Mexico: new reform punishes working hours exceeding the legal limit as a labor exploitation offense
Exceeding the legal working hours in Mexico is now a serious offense. Those found guilty could face up to 12...
Chile: Impact of Transfer Pricing Adjustments on Indirect Taxes
By Marcos Rivera, Head of transfer pricing division at Englobally Latin America Now that we are close [1] to the expiration of...
In 2022, Chile was Latin America’s third-largest recipient of FDI
The latest Foreign Direct Investment (FDI) report was published last Monday by the Economic Commission for Latin America and the Caribbean (ECLAC). According...
Peru establishes prison sentences for non-payment of social security contributions
On July 8, 2023, Law 31823 was enacted and entered into force, which amends Article 190 of the Criminal Code,...
Opportunities for foreign investors in Mexico
A privileged geographical position—bioceanic, bordering the United States—and a vast network of commercial treaties make Mexico an attractive country for...
European Union and Chile update trade association agreement
After five years of negotiations to modernize the trade agreement that governs their bilateral relations, the European Union (EU) and...
Mexico updates income tax rates for 2023
The Tax Administration Service (SAT), the highest tax authority responsible for collecting taxes in Mexico, published on December 27 of...
Chile: Financial support and rescheduling of tax debts for the benefit of MSMEs
The new FOGAPE Chile Apoya, approved by Congress and ready for enactment, is an initiative promoted by the Chilean Ministry...
What corporate options exist in Brazil?
Deciding to open a business involves making many decisions, and one of the main ones is to define the type...
Argentina creates a law to promote investment in the automotive industry
Law 27686, enacted by Congress in September 2022, seeks to deepen the growth of Argentina’s automotive industry. To this end,...
Tax Incentives of 60% plus 5% of the Project for Investors in the Tourism Industry of Panama.
The tax credit can be transferred in its total amount or the undrawn portion, not being necessary to sell or...
Panama creates Special Economic Area and the Multipurpose Port Terminal of Aguadulce
Following its publication on June 1 in La Gaceta Digital Oficial, the law creating the Aguadulce Special Economic Area and...
Colombia: Consumption tax returns from January 1st
In December 2020, the Colombian government adopted a series of measures to help different sectors affected by the coronavirus pandemic....
Peru: Companies with losses may deduct more interest from income tax
Peru’s Ministry of Economy and Finance (MEF) issued a new decree establishing that companies with net losses may discount more...
Chile: New minimum wage from January 1, 2022
As of January 1, this year, the minimum wage for workers (18 to 65 years old) increased from $337.000 CLP...
Latin America joins global corporate minimum tax initiative
The proposal made by the G20 countries at the recent G20 summit in Rome, seeks to level the tax collection...
Uruguay: Health and Safety Services must be mandatory in companies
According to Decree 127/014 (and amendments) companies in Uruguay must have a Health and Safety Service in the workplace. This...
Brazil: The importance of registering in the municipality to avoid double taxation
Due to its federal nature, tax legislation in Brazil varies from city to city. Currently, the country has 5,569 cities...
Mexico has a new regulatory advertising law
The Law for the Transparency, Prevention and Combating of Undue Advertising Practices was published in the Federal Register on 3rd...
Argentina amends its income law
The changes to the new Income and Assets Law sanctioned by the Argentinean Congress in July, published on 4th July...
Costa Rica looks to attract investors and rentier capitalists to boost its pandemic-hit economy
Law 9,996 aims to generate an interest among those people coming into Costa Rica under the migratory status as investors,...