Shared Services Critical Role in Latin American Compliance
Multinationals operating in Latin America are often surprised by the depth and complexities of business-to-government mandates pervasive in this region. From e-invoicing to e-accounting and
Multinationals operating in Latin America are often surprised by the depth and complexities of business-to-government mandates pervasive in this region. From e-invoicing to e-accounting and
Latin America has been the hotbed in the fight against corporate tax corruption, but the current wave of crack downs against transfer pricing is global
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As countries across the globe seek to curb corporate tax avoidance with country-by-country reporting, some Latin American countries aren’t waiting for these reports to be
E-invoicing requirements in Latin America began as a way for individual countries to track tax obligations within their own borders, but now efforts are underway
Latin America has long been at the forefront of business-to-government compliance requirements, and nations across the globe have taken note of how countries in this
The culmination of Mexico’s e-invoicing and e-accounting mandates begins as of September 2016 in the form of electronic audits. Now that the government has standardized
Global companies with operations in Latin America are often faced with a paradox. They’ve invested heavily in a global instance of SAP, and yet that
Colombia is the eighth country in Latin America to mandate electronic invoicing. This latest requirement from Colombia comes as no surprise as Colombia has been
The much anticipated news from Colombia has arrived. On November 24, 2015, the Colombia DIAN (tax authority) announced in Decree 2242 that electronic invoicing will
We recently examined the 10 new financial compliance regulations expected to hit companies operating in Latin America this year. None present more challenges than those
The rate of change of business-to-government compliance mandates in Latin America continues compounding, with no less than 10 (ten!) new regulations expected in 2016. Managing
Global companies are expending significant resources on their shared services departments as they realize the benefits of standardized operations. In fact, a recent Deloitte study
When Brazil announced its e-invoicing mandate in 2008, such strict and comprehensive regulatory measures were unprecedented. However, Brazil set the stage for business-to-government compliance initiatives,
2015 was a banner year for Latin American tax authorities, introducing more countries and more complications into the compliance landscape. For example, Brazil expanded its
As Latin America continues to lead the globe in innovations in mandated electronic invoicing, a new agreement among Argentina, Brazil and Mexico addresses one of
When Mexico announced e-accounting legislation, many multinational corporations argued that the requirements were unconstitutional. Almost 10 percent (16,000) of the companies initially required to file
Latin America compliance is more complex than ever before, changing month to month, country by country. As such, companies are at a crossroad when it