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In brief

The COVID-19 pandemic, together with populist politics, political instability, and public health and security concerns, has increased the number of bills of law aimed at addressing taxation of significant amounts of revenues, commonly known as Wealth Tax.

We are facing a trend among Latin American jurisdictions to propose and in some cases to implement the Wealth Tax. Accordingly, our Wealth Management team, in cooperation with Baker McKenzie, has prepared this alert describing the current scenarios in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.



Clarissa Machado is a Latin America Tax Chair in Baker McKenzie Sao Paulo office.


Flávia Allegro Gerola joined the firm in 2011. Flávia is a senior associate of the Tax Group, focusing her practice in the Wealth Management area, tax planning and tax controversy.