Sábado 19 de Agosto 2017
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Brazil's tax agency Receita Federal (RFB). Brazil has now slashed the hours necessary to complay with tax payments but it's still the worst worldwide, according to Latinvex and World Bank data. (Photo: Brazil Government)
Wednesday, May 3, 2017
Special Reports

Latin America Taxes: Brazil Improves

Brazil and Mexico gain, Chile and Colombia drop on Latinvex tax ranking.

BY LATINVEX STAFF

Even as Brazil’s President Michel Temer and his finance minister Henrique Meirelles are planning to reform Brazil’s tax system, the country has already made a significant improvement – slashing the number of hours necessary to comply with corporate tax regulations.

As a result, Brazil improved its score on the Latinvex ranking of Latin America’s tax climates and no longer ranks as the worst country in Latin America. That dubious honor now goes to Venezuela.

The ranking, which is based on data from KPMG, PwC and The World Bank, measures the tax environment in 18 countries based on corporate tax rate and time and number of payments necessary to comply with tax regulations.

BRAZIL AND MEXICO 

Brazil, Latin America’s largest economy, slashed the number of hours necessary to comply with tax regulations from ...

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Article Keywords: Bolivia, Brazil, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Uruguay, Venezuela

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

 

THE DATA

Latin America Tax Ranking (2017): Best & Worst

Latin America Corporate Tax Rates (2017): Best & Worst)

Latin America Taxes (2017): Best & Worst in Number of Payments

Latin America Taxes (2017) : Best & Worst in Time

Latin America Tax Burden by Country

 


 

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