Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
Foreign companies who establish a subsidiary in Chile need to decide on how they will fund the new operation. We provide some practical details that are important for companies to consider on funding the entity using debt and/or equity.
Transfer pricing poses a significant risk to companies who are operating internationally since many countries are looking at these arrangements to ensure that profits are not being shifted to lower tax jurisdictions unfairly. It is important that companies understand how transfer pricing works in every country they are operating in.
The most common risk to companies operating in Latin America is related to employment laws and obligations. This week we will provide information on the mandatory leave that employees are entitled to as per Chilean Labour Laws.
The most common risk to companies operating in Latin America is related to employment laws and obligations. As part of our blogs series on labour considerations, we provide information on the types of benefits, social security, and leave that employees have as per Chilean Labour Laws.
A good starting point for learning about Chilean labour laws is knowing the different ways to contract potential employees. We have a provided a short overview to help companies understand what type of employment contract they should use.
VAT is an important consideration in Chile given that it is 19%. We help companies understand how to manage this unique situation, particularly in contracts where different services may be provided and when some of those services may be exempt of VAT.
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