RSM Global

HELPING YOU CAPITALISE IN THIS INVESTMENT-FRIENDLY ENVIRONMENT

UNDERSTANDING LATIN AMERICA

The pace of social and economic reform has quickened across much of Latin America, with more governments working to increase transparency and create better environments for doing business. In some countries, the growing number of middle class
consumers is resulting in thriving economies, ripe for investment.

RSM’s Latin American firms excel at scaling their service delivery to foreign and national companies, both large and small. Our close relationships allow us to collaborate and provide seamless cross-border services throughout the region and the neighbouring Caribbean islands.

El Salvador: Minimum Income Tax payment of 1% declared unconstitutional

8 May 2014
By the end of 2011, the Salvadoran Income Tax Law was modified by, amongst other things, requesting companies to pay their income tax based on the higher of (a) 30% of net profit or (b) 1% of annual taxable revenues. With the latter there is no possibility to deduct costs or expenses that were already part of the provisions in this same Law.

Nicaragua: New Tax Law in Nicaragua

8 May 2014
On 1 January 2013, the Government of Nicaragua passed Law Nº 822: 'CONCERTATION TAX LAW'(CTL). This Act and its regulations contain important changes in the tax regime.

Costa Rica: New Transfer Pricing legislation

28 February 2014
On 13 September 2013, the Ministry of Finance published Decree 37898-Hthat establishes new legislation on transfer pricing for Costa Rican taxpayers. Much of the legislation is common to that used in other countries in the region but there are some particular considerations to this new legislation.

Uruguay: Income Tax Exemption for marketing merchandise of foreign origin

28 February 2014
According to legislation in force in Uruguay, activities by foreign entities outside Uruguay; and those with goods in transit or deposited in customs facilities, port facilities, bonded warehouses and free trade zones of Uruguay, are exempt from income tax, when the merchandise is neither originated nor destinated to Uruguay.

USA: Cross Border Tax Enforcement and FATCA

28 February 2014
The U.S. government continues to view offshore tax evasion as a significant loss of potential tax revenue. As a result, the government has been increasing its international enforcement efforts and targeting US taxpayers with undisclosed foreign accounts or holdings with a number of punitive rules designed to force reporting compliance.

Argentina: Taxation of gains from the transfer of shares and dividends

28 February 2014
Significant amendments have been introduced to Income Tax regulations, extending the tax scope to include certain financial gains, that were exempt from income tax and establishing an additional tax rate on dividend distributions and companies profits. Law 26.893 provides that as from 23 September 2013:

Embracing the Mexican wave

26 February 2014
The first in a series of RSM blogs on the MINT economies looks at Mexico where collaboration, investment and entrepreneurialism are reaping rewards.

RSM World Day Newspaper 2013

5 October 2013
Read all about the RSM World Day social and charitable activities from over 70 countries around the globe.  

Building your career? Consider Chile.

21 August 2013
Guest post by Bob Burdett, RSM's Regional Leader for Latin America If you were starting out as a young and eager business professional in Latin America today where would you want to locate? My first choice would be Santiago, Chile, and sometimes I wish that I was a lot younger so that I could try my chances there.

RSM Torrent merges with Razzetto to create leading Latin American firm

4 July 2013
RSM, the seventh largest global network of independent audit, tax and advisory firms, has further strengthened its presence in Argentina and the wider Latin American region following the merger of RSM Torrent with Razzetto Lopez Rodriguez & Cordoba (Razzetto) a highly-regarded top ten Argentine firm. The enlarged firm will be known as RSM Torrent Razzetto.

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How can we help you?

Regional Office

RSM Latin America
Avenida Apoquindo 5950
Las Condes,
Santiago de Chile

RM 7560930

Chile

T: +44 207 601 1080

Regional Leader
Brendan Quirk

RSM Representation for Latin America: