- 16 Latin American countries have made progress in tackling tax evasion and other illicit financial flows through transparency and exchange of information for tax purposes.
- The report, Tax Transparency in Latin America 2023, was presented during the 8th meeting of the Punta del Este Declaration Initiative held in Paraguay.
- The report suggests practical strategies and action-oriented recommendations to address tax evasion and IFFs, and underlines the crucial role of transparency and international cooperation in increasing domestic resource mobilisation.
- The Global Forum on Transparency and Exchange of Information for Tax Purposes continues to design and promote specific programmes to improve capacities within Latin American tax administrations.
- The Punta del Este Declaration now counts 15 signatories and includes all Latin American members of the Global Forum.
Source OECD
Latest Posts in "Latin America"
- EPPO Uncovers EUR 25M VAT Fraud with Latin American Connections, Freezes Global Assets
- EPPO Seizes Bank Accounts in Latin America in €25 Million VAT Fraud Investigation
- Digital Service Taxes: Transforming Latin America’s Tax Landscape and Safeguarding Domestic Economies
- Latin America’s Digital Service Taxes: Balancing Revenue Needs and Global Trade Risks
- Navigating Latin America’s VAT Rules for Digital Service Providers: Compliance Challenges and Strategies
