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Chile's previous finance minister Felipe Larrain calls the tax reform  “a badly elaborated project full of mistakes.” (Photo: Chile Government)
Wednesday, February 25, 2015
Special Reports

Latin America Tax Climate Worsens

Time to comply with tax forms and number of payments grow in Latin America.


Both Chile and Colombia worsened, while Guatemala and Paraguay improved, according to the latest Latin America Tax Ranking from Latinvex.

The ranking, which is based on data from PwC, KPMG and The World Bank, measures the tax environment in 18 countries based on corporate tax rate and time and number of payments necessary to comply with tax regulations.

While the overall average tax rate remained the same (27 percent), both the time to comply with tax forms and the number of tax payments increased.

Full story

Article Keywords: CAFTA, Chile, Colombia, Costa Rica, Guatemala, Honduras, KPMG, Mercosur, Mexico, Nicaragua, Pacific Alliance, Paraguay, PwC, Venezuela, World Bank

Ranking Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela


Latin America Tax Ranking (2015): Best & Worst

Latin America Corporate Tax Rates (2015)

Latin America Taxes (2015): Best & Worst in Number of Payments

Latin America Taxes (2015) : Best & Worst in Time

Latin America Tax Burden by Country

Tax Burden in Pacific Alliance

Tax Burden in Mercosur

Tax Burden in CAFTA

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