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Latin America: Updates on Wealth Tax in Latin America

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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.

Contents

Click here to access the full alert.

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Author

Clarissa Giannetti Machado Miras joined the Firm in 1999 and became partner in 2007 .
She is the Head of the tax practice group in Brazil and the Head of the Pro-Bono Committee, being a member of the Social Responsibility team of the firm. Her focus is tax consulting on corporate income and other federal taxes. Clarissa has extensive experience in the elaboration and analysis of global transfer pricing analysis and its effects vis-à- vis the local legislation. Clarissa has a wide breadth of experience in the assistance of clients for the development of efficient structures in M&A transactions, local and international restructurings, real estate and financing transactions. She also advises individuals on wealth management matters.
*Trench Rossi Watanabe and Baker McKenzie have executed a strategic cooperation agreement for consulting on foreign law.

Author

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.

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