Miércoles 18 de Octubre 2017
In Facebook Twitter In
Guatemala, here represented by capital Guatemala City, has dramatically improved its tax burden. (Photo: Elder99)
Chile has the best tax environment in Latin America although new president Michele Bachelet plans to increase corporate taxes. (Photo: Chile President's Office)
Wednesday, March 19, 2014
Special Reports

Latin America Taxes Fall

Latin America’s best and worst tax environments.

BY LATINVEX STAFF

As Chile’s new president Michelle Bachelet plans to raise corporate taxes, a Latinvex analysis shows that Latin America’s average corporate tax rates fell from 28 percent last year to 27 percent this year.

Meanwhile, the average number of payments fell from 30 to 26.9, while the hours necessary to comply with tax payments fell slightly -- from 502 to 501.

And thanks to a dramatic reduction in the number of payments – along with a modest reduction in the hours – Guatemala has become the country with the third-best tax environment in Latin America after Chile and Colombia, according to the latest Latin America Tax Ranking from Latinvex.

The ranking is based on data from KPMG, The World Bank and The Heritage Foundation.

The ranking also shows that the Pacific Alliance has the best tax environment compared with other trade and economic groups such as Mercosur and CAFTA.

CHILE

Bachelet, who assumed Chile’s presidency last week, has pledged to increase the corporate tax rate from 20 percent to ...

Full story

Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela

THE DATA

Latin America Tax Ranking (2014): Best & Worst

Latin America Corporate Tax Rates (2014)

Latin America Taxes (2014): Best & Worst in Number of Payments

Latin America Taxes (2014) : Best & Worst in Time

Latin America Tax Burden by Country

Tax Burden in Pacific Alliance

Tax Burden in Mercosur

Tax Burden in CAFTA


  Other articles in : Special Reports
Back to Special Reports