Argentina raises tax rebate for Mercosur auto exports as market stalls

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BUENOS AIRES, May 8 (Reuters) – Argentina will give its auto exporters a larger tax rebate to help stimulate the flagging local sector that has been hit hard by a consumption slump and economic crisis in Latin America’s No. 3 economy. The country’s ministry of labor and production said on Wednesday that it would raise…

Brazil Tax Review April 2019

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Important Developments in Brazil’s Double Taxation Convention (DTC) Network There have been important Developments in Brazil’s DTC network in the last month. In a nutshell, Brazil and Poland are negotiating a DTC aiming to facilitate trade and economic relations between the countries, which currently face obstacles. Moreover, Brazil and Chile are revising their DTC in…

Go Live Preparation Faber Castell Chile

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On this sunny afternoon in Chile, we are preparing our Chilean go live for the 1st of April 2019. Together with our customer from the stationary sector we are finalizing the latest migration and system preparation activities! On our way, we have passed the highest mountain in America; the Aconcagua with 6.962 m = 22.841…

South America resists electric vehicles as local fuels remain in favour

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SAO BERNARDO DO CAMPO, Brazil (Reuters) – Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America’s protected auto market is likely to resist a broader global move towards electric vehicles for years to come. Even as automakers revamp…