Latin America: BEPS implications for taxation in the region

Latin America: BEPS implications for taxation

For tax executives of international companies headquartered in the Americas, the future of international taxation has never been more uncertain. The global project to address tax base erosion and profit shifting (BEPS) is in full swing, and the Organisation for Economic Co-operation and Development’s (OECD) Action Plan on BEPS is progressing quickly.

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The OECD’s recommendations are starting to take shape, but what it will ultimately recommend and how individual countries will translate these recommendations into law are still unknown.

While countries in Europe and North America may appear to have the strongest voices in the debate, many countries in Latin America are influencing—and being influenced by—the profound international taxation changes that are under review.

How is BEPS-related tax policy evolving in the diverse Americas region?

At the mid-point in the OECD BEPS Action Plan's two year mandate, KPMG International polled senior tax policy specialists in KPMG member firms across the Americas to take stock of trends and developments in these countries. In particular, the questions asked concerned:

  • How are Americas governments responding to the OECD BEPS Action Plan currently in progress?
  • Which governments plan to adopt the new international tax guidelines that will result?
  • What unilateral actions to combat BEPS and other perceived tax avoidance are governments in the Americas taking outside of the OECD BEPS process?
  • What are the implications for international companies doing business in the region?
The findings are set out in this  2014 report [PDF 2.67 MB].
The KPMG report starts with an overview of BEPS-related trends in the region as a whole, followed by an in-depth look at how events are unfolding in selected Americas countries, and concluding with strategic advice that tax directors of all international companies may consider now to guard against adverse change and thrive in the Americas' new tax reality.

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