Tax revenues in Latin America and the Caribbean rose modestly before being hit hard by the COVID-19 crisis

Tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity, according to new analysis released today in the tax policy publication “Revenue Statistics in Latin America and the Caribbean” on the occasion of XXXIII edition of the Regional Fiscal Policy Seminar hosted virtually by the United Nations’ Economic Commission for Latin America and the Caribbean (UN-ECLAC) ...
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Tenth edition of the tax policy publication Revenue Statistics in Latin America and the Caribbean launched

On Thursday 22 April 2021, the tenth edition of the tax policy publication “Revenue Statistics in Latin America and the Caribbean” has been launched on the occasion of XXXIII edition of the Regional Fiscal Policy Seminar hosted virtually by the United Nations’ Economic Commission for Latin America and the Caribbean (UN-ECLAC) and partners. The launch event is organised in collaboration with the co-authors of the publication: UN-ECLAC, the Inter-American Center of Tax Administrations ...
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Early restoration planning by tax administrations key to support individual and business taxpayers towards economic recovery from COVID-19 pandemic

Recovery from the profound impacts of the COVID-19 pandemic on people's lives, jobs, businesses and the wider economy is likely to be lengthy, challenging and multifaceted, with tax administrations playing a critical role in restoration planning, according to a new OECD report ‘Tax Administration Responses to COVID-19: Recovery Period Planning’ prepared by the OECD's Forum on Tax Administration (FTA) in co-operation with the Intra-European Organisation of Tax Administrations (IOTA) and ...
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Latin America and the Caribbean: Tax revenue gains under threat amid deteriorating regional outlook

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published yesterday. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the COVID-19 pandemic and the global economic crisis. The release was announced in a press release on ...
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Tax Administration Responses to COVID-19: Measures Taken to Support Taxpayers

On the website of the OECD a reference document has been published providing an overview of measures currently being undertaken by a number of tax administrations in connection with the COVID-19 emergency. The document is a joint document of the OECD Forum on Tax Administration, the Inter-American Center of Tax Administrations (CIAT) and the Intra-European Organisation of Tax Administrations (IOTA) and has been produced by the respective Secretariats   from input ...
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Tackling the coronavirus: OECD Forum on Tax Administration publishes advice on business continuity considerations for tax administrations

The OECD Forum on Tax Administration (FTA), in collaboration with the Intra-European Organisation of Tax Administrations (IOTA) and the Inter-American Center of Tax Administrations (CIAT), has published a reference document on critical business continuity considerations for tax administrations in the context of the COVID-19 pandemic. This document is based on input from across the membership of the three organisations. It recognises that the potential duration and severity of the current crisis brings ...
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Latin America and the Caribbean: Public revenues rebound in 2017 after dip in 2016

The average tax-to-GDP ratio in Latin America and the Caribbean (LAC) rose to 22.8% in 2017, a gain of 0.2 percentage points from 2016, according to Revenue Statistics in Latin America and the Caribbean 2019. The report, launched on 25 March 2019 at the XXXI Regional Fiscal Seminar in Santiago, Chile, finds that the rebound was primarily driven by Caribbean countries and in particular Guyana and Barbados, on the back ...
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OECD and CIAT join forces in promoting stronger tax systems

The OECD and the Inter-American Center of Tax Administrations (CIAT) hosted on 23 October 2018 the high-level event "Base Erosion and Profit Shifting Implementation: Strategic importance, challenges and opportunities" in Lisbon, Portugal. This was announced in a press release dated 23 October 2018. The purpose of this event was to promote a common understanding of the impact of the BEPS measures developed under the OECD/G20 BEPS Project, focusing on the pivotal ...
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Latin America and the Caribbean: Tax revenues expected to recover after dip in 2016

Tax revenues in Latin America and the Caribbean (LAC) dipped in 2016, falling further behind average OECD country levels, but a recovery is likely in subsequent years, according to Revenue Statistics in Latin America and the Caribbean 1990-2016 / Estadísticas tributarias en América Latina y el Caribe 1990-2016. The average tax-to-GDP ratio stood at 22.7% in 2016, a fall of 0.3 percentage points since 2015, the report says. This was announced ...
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