Pacific Alliance members Colombia, Peru and Mexico made the most improvements in this year’s Latin Trade Tax Index. In all three cases, corporate tax rate as a percentage of profits went down, while Peru and Mexico cut down the number of hours companies spend on tax procedures. Although once again at number one, Chile’s corporate tax rate and rate as percentage of profits went up by 24 percent and 28.9 percent respectively. Chile requires 291 hours to complete a total of seven payments, compared with Brazil (last on the list) with nine total payments and 2,600 hours. To view and download the full ranking with each country’s tax rate, number of payments, number of hours and rate as a percentage […]
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