Ana Paula Maciel looks at indirect taxes in South America, including recent developments in Brazil, Argentina, Chile and Columbia
This article provides an overview of indirect tax and VAT administration in South America and in particular Argentina Brazil Chile and Colombia.
Steps toward economic integration
In 1991 Brazil Argentina Paraguay and Uruguay took steps toward economic integration through the Treaty of Asunción (updated in 1994 by the Treaty of Ouro Preto).
The goal was to develop a common market among South American nations similar to the European Union and NAFTA and resulted in MERCOSUL/MERCOSUR (Mercado Común del Sur in Spanish Mercado Comum do Sul in Portuguese or...
