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News

New international treaties to avoid Double Taxation in Chile that come into effect in 2017

2 May, 2017
Starting this year, six new double tax treaties signed by Chile have entered into force and are in full application with the following countries: Argentina, the People’s Republic of China, Italy, Japan, the Czech Republic and South Africa.

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BRAZIL – An EIRELI (Empresa Individual de Responsabilidade Limitada – Individual Limited Liability Company) – may now be formed by a corporate entity

12 April, 2017
São Paulo, April 10th, 2017 Brazilian Normative Instruction No. 38/2017 recently reviewed the text of the EIRELI Registration Manual, which authorizes the formation of a sole-partner company. The specific aim was to enable the possibility of...

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Costa Rica: New Draft Bill to Avoid Tax Fraud

23 December, 2016
On December 13th, Costa Rica’s government approved the Draft Bill to Avoid Tax Fraud. The draft bill is focused on creating a register of shareholders of the capital companies in Costa Rica, in order to reach the final beneficiary for legal...

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Brazil adds Ireland to the list of Tax Haven jurisdictions

21 December, 2016
Brazil’s tax department has defined Ireland as a “fiscal paradise,” a term used to refer to a tax haven. The categorization means that Brazilian companies with business contracts in Ireland will now be subject to a 25 percent Brazilian tax, instead...

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Untying the Gordian knot: Progressive liberalization of foreign exchange controls in Argentina

23 November, 2016
The total liberalization of foreign exchange controls in Argentina remains a pending issue on the agenda of the Executive Branch and the Central Bank of Argentina. However, significant steps have already been taken to achieve a position where it is...

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