Americas

Budget project includes over B/.12 billion for works and social investment

The Ministry of Economy and Finance presented a comprehensive budget proposal for the fiscal year 2027 that earmarks more than B/.12,564 million for public works and social investment. This represents a notable increase from the revised 2026 budget, reflecting the government’s emphasis on boosting social programs and infrastructure development. The allocation breaks down across key sectors

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MEF orders immediate measures amid irregularities detected at the DGI

An audit by the Panamanian government uncovered serious irregularities within the Direction General of Internal Revenue (DGI). The findings revealed a scheme that had been operating for several years, involving manipulation of tax filings and potential misappropriation of public funds. In response, the Ministry of Economy and Finance, headed by Minister Felipe Chapman, announced a

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Bolivia: Two-Month Extension for Product and Service Homologation under RNC

Key Takeaways Effective 2026/07/30, Bolivia granted a two‑month extension for the homologation of products and services linked to economic activities under the Registro Nacional de Contribuyentes (RNC). The extension aims to provide additional time for businesses to complete required conformity assessments, ensuring that all commercial offerings meet updated regulatory standards before market entry. Business Impact:

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Trinidad and Tobago: Tax Rules for Hybrid and Mild Hybrid Vehicles

On 30 July 2026, the Ministry of Finance released a media release detailing the tax treatment applicable to hybrid and mild‑hybrid motor vehicles operating within Trinidad and Tobago. The policy distinguishes between fully hybrid and mild‑hybrid models, imposing a reduced excise duty of 15 % on hybrid vehicles, a rate substantially lower than the 30 % levied

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Trinidad and Tobago: Hybrid Vehicle Tax Rules Effective 30 July 2026

On 30 July 2026, the Ministry of Finance of Trinidad and Tobago released a Media Release detailing the tax framework applicable to hybrid and mild hybrid vehicles. The release clarifies that from 30 July 2026, hybrid vehicles will be subject to an excise duty of 15 % of the vehicle’s value, whereas mild hybrid vehicles will

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Uruguay: Uruguay Tax Administration Ruling on Corporate Tax Compliance for Company Mable S.A.

In response to a public information request filed under Law No. 18.381, the Uruguay Tax Administration has provided official clarification regarding the tax status, compliance obligations, and regulatory standing of the corporate entity known as Mable S.A., a company that has attracted attention due to its involvement in specific commercial activities within Uruguay’s fiscal jurisdiction.

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Trinidad and Tobago:Trinidad and Tobago Clarifies Tax Rules for Hybrid and Mild Hybrid Vehicles

On 30 July 2026, the Ministry of Finance released a media release detailing the applicable tax framework for hybrid and mild hybrid vehicles imported into Trinidad and Tobago. The guidance clarifies the treatment of these vehicles under the Customs Act, Value Added Tax (VAT) Act, and Motor Vehicles and Road Traffic Act, specifying duty rates,

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Trinidad and Tobago: Trinidad and Tobago Clarifies Tax Rules for Hybrid and Mild Hybrid Vehicles

On 30 July 2026, the Ministry of Finance released a media release detailing the applicable tax framework for hybrid and mild hybrid vehicles imported into Trinidad and Tobago. The guidance clarifies the treatment of these vehicles under the Customs Act, Value Added Tax (VAT) Act, and Motor Vehicles and Road Traffic Act, specifying duty rates,

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Uruguay: Gasoil IVA Refund – Eligibility Criteria and Process Summary

As of 30 July 2026, the Directions Generales Impositiva published a detailed guideline explaining the procedures for applying for, granting, or terminating the value‑added tax (IVA) refund on diesel (gasoil) under the high‑benefit and low‑benefit schemes. The document enumerates the eligibility conditions, including consumption thresholds, geographic location criteria, and the necessity that the fuel be

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Uruguay: Company Name or Legal Entity Modification – Registration Update

As of 29 July 2026, the Directions Generales Impositiva published a comprehensive guide describing the formal procedure for modifying the name or denomination of a sociedad anónima (public limited company) or a sociedad de responsabilidad limitada (limited liability company). The document specifies that the change must be effected through an online filing that includes the

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