After facing headwinds such as depressed international energy prices, and rising debt and fiscal imbalances, Trinidad and Tobago’s economic recession appears to be turning a corner, with GDP growth projected to climb to 0.3% in 2017 and 3.4% in 2018. As one of the largest and most diversified economies in the English-speaking Caribbean, the country is beginning to benefit from the new administration’s process of fiscal adjustment and economic diversification, spurred on by an ambitious public works pipeline.
Articles & Analysis | Colombia's recent tax changes and regulations from The Report: Colombia 2017
The new tax reform is aimed at generating structural changes to the Colombian tax regime, with the purpose of redistributing the tax burden between legal entities and individuals, supplying better audit tools to the tax office, and avoid, in as much as possible, the creation of new taxes and/or the increase in the rates of the currently...
Interviews & Viewpoints | Jaime Vargas, Tax Managing Partner and International Tax Services Leader, EY Colombia: Viewpoint from The Report: Colombia 2017
For too many years tax reforms in Colombia have been aimed at solving fiscal collection shortages by creating new temporary taxes that, by way of being re-enacted time after time, became permanent, or by increasing the rates of existing taxes. This short-sighted approach has resulted in a disjointed tax system that imposed an excessive burden...
This chapter provides an overview of Colombia’s tax regime, covering areas of particular interest to investors such as individual and corporate income tax, income tax exemptions, VAT and rates, investment incentives, and other investor considerations. This chapter contains a viewpoint from Jaime Vargas, Tax Managing Partner and International Tax Services Leader, EY Colombia.
Interviews & Viewpoints | Paulo Pantigoso, Country Managing Partner, EY Peru: Interview from The Report: Peru 2017
Articles & Analysis | Peru's recent tax changes and regulations from The Report: Peru 2017
In early 2017 the Peruvian government enacted a number of notable reforms to its tax framework, such as increasing tax rates for corporate income, decreasing the dividends withholding tax rate, and extending the temporary exemption from capital gains tax on gains derived from the sale of shares listed and traded on the Lima Stock Exchange. The...