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 Chilean presidential primaries took place over the weekend. When the polls closed and the votes were counted last Sunday, two new candidates emerged. Check out our brief overview of their platforms.
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.
Many of us are hearing comments about the Chilean Presidential Elections but it can be difficult to find a detailed summary in English of the leading candidates platforms. It is still very early in the election process so much could change before November.
The growth in the mining sector has attracted foreign mining suppliers who are looking to tap into a healthy project pipeline that is set to come online over the next 10 years. One of the considerations that foreign companies need to understand when doing business in Peru is is how employee profit sharing works.
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