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May 19, 2020

M&A Tax Highlights: 2020 Guide to Latin America

M&A tax rules and regulations in Latin America continue to grow in number and complexity. This EY publication was created to provide at-a-glance M&A tax highlights for eight of the major Latin American jurisdictions (Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru and Venezuela).

Examples of the key highlights per jurisdiction are:

  • The basics (i.e., tax authority, basis and year, corporate income, capital gains and withholding tax (WHT) rates, value-added tax (VAT) and statute of limitations)
  • Asset purchase vs. share purchase
  • Tax-free reorganizations
  • Transfer pricing
  • Net operating losses (NOLs)
  • Foreign vs. Domestic holding companies
  • Controlled foreign corporation (CFC) rules
  • Restrictions on foreign investments
  • Reporting requirements

The content provided in this guide is based on information current as of January 2020 unless otherwise indicated within the text of the chapter. This is the premier edition of the guide, and more jurisdictions will be added in future versions.

For more detailed discussion on any of the jurisdiction-specific M&A tax rules, or to obtain further assistance in addressing and resolving M&A tax rules, please contact your local EY member firm.




The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.


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