Publication
From tall tales to truth: 10 privacy myths we still hear
Privacy misconceptions are everywhere.
News about the financing bill (Tax reform)
Global | Publication | November 2018
Wealth Tax Proposal
On October 31, the government announced the financing law with which it expects to raise about 14 billion pesos. Among the proposed changes is a new wealth tax with the following characteristics:
- The tax would have a duration of 2 years, 2019 and 2020.
- It seeks to tax taxpayers of income tax (natural person) with a net equity exceeding $ 3,000 million. Foreign persons and entities would be taxed by their assets owned in the country.
- The taxable base would be the net equity as of January 1, 2019 and by 2020 it could increase or decrease up to 25 per cent of the inflation of the previous year.
The Government proposes the application of the following differential rate:
| Taxable base range in $ | Rate | |
| Lower limit | Upper limit | |
| >=3.000.000.000 | <5.000.000.000 | 0,5% |
| >=5.000.000.000 | Onward | 1% |
Recent publications
Publication
Canada and EU sign security and defence partnership
Canada and the European Union signed a Security and Defence Partnership (SDP), which formalizes a mutual intent to foster closer ties by establishing a framework for dialogue and cooperation across the full security and defence spectrum.
Publication
Working together to support in-house legal teams on complex legal transformation projects
We are teaming up with LawVu, a leading provider of legal workspace solutions, reflecting our shared commitment to supporting clients with tech-driven solutions to drive more efficient and effective ways of working.
Subscribe and stay up to date with the latest legal news, information and events . . .