COVID-19 Report on Fiscal Relief Measures in Latin America
In this presentation, LATAXNET and WTS Global members analyze the exceptional tax relief measures and economic incentives implemented across Latin American countries to mitigate the impact of the COVID-19 health crisis.
COVID-19: Tax Relief Measures in Latin America
This document provides a regional comparison of the emergency tax policies adopted by different jurisdictions to support the private sector during the pandemic. Key highlights of the report include:
Tax Deferrals: Analysis of extensions granted for Corporate Income Tax and VAT payments in the region's major markets.
Payment Plans and Moratoriums: Details on payment facilities, interest rate reductions, and the suspension of tax enforcement actions implemented by tax administrations.
Employment Incentives: A review of reductions or postponements in social security contributions and payroll taxes.
Accelerated Refunds: Measures to speed up the refund of tax credits and overpayments to inject working capital into businesses.
Suspension of Administrative Deadlines: Information on the interruption of terms for audits and contentious proceedings during lockdown periods.
Summary
Navigating regulatory compliance in times of crisis requires an immediate response capacity and a clear understanding of the legal flexibilities granted by the State. During the global emergency, Latin American governments introduced a series of temporary reliefs aimed at preserving corporate liquidity and employment. Analyzing these fiscal tools is key to strengthening corporate resilience and ensuring the proper use of incentives designed for economic recovery in a highly uncertain environment.
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