Latin America Tax Update

Transcription

1 A two-day conference with live group instruction on tax-effective strategies for companies operating or expanding into the most important markets of Latin America. Attend this conference and: Examine the most important tax and legal issues your company must consider in structuring operations in Latin America today Understand the latest transfer pricing rules in Latin America Discover the special tax rules impacting investment vehicles in Latin America to attract outside investments Learn how to implement the most effective acquisition and merger strategies and post-deal integration in Latin America Learn key tax planning opportunities in Argentina, Brazil, Central America and the Caribbean, Chile, Colombia, Mexico and Venezuela Earn Up to 18 CPE/CLE Credits >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> CHAIRPERSONS Jaime Bendiksen Pablo Wejcman FACULTY David Santoyo-Amador Marco Banuelos KPMG LLP Jesus Castilla Camilo Duarte Alejandro Enriquez-Mariscal Arturo garnham Garnham Mori & Humphreys Daniel Landaluce PricewaterhouseCoopers LLP Daniela Barbetti Laurita Jose Leiman PricewaterhouseCoopers LLP gabriela Moura Mark Nehoray Deloitte Tax LLP Marjorie Rawls Roberts Attorney Simon Somohano Deloitte Join us for a two-day, entry-level course with live group instruction on basic tax accounting principles and concepts for accountants, attorneys, enrolled agents and other tax practitioners. Benefits of Attending: Understand the basic T accounts and journal entries for recording current and deferred tax adjustments Understand the scope of the application of the ASC 740 rules to state and foreign income taxes Workshop sessions include 4 in-class exercises (and answers)! And more! INSTRUCTOR James Hemelt Bloomberg BNA Arlington, VA Earn Up to 15 CPE/CLE Credits These unique courses are offered exclusively by Bloomberg BNA ::: For more information, call or visit :::

2 MONDAY, SEPTEMBER 21, :00 AM Registration & Continental Breakfast 8:45 AM Chairperson s Overview 9:00 AM Corporate Tax Update in Key Countries in Latin America Recent developments in each country s tax system, including tax planning, compliance and enforcement: Recent tax, legal and tax treaty developments that can affect your company s effective tax rate in 2015 Tax audit activity impact of FATCA regulations Managing local corporate or branch income taxes Cross-border transactions withholding tax jurisdiction and source rules, tax treaties, and TIEAs Treatment of dividends, management fees, technical services and royalties Interest deductibility issues, thin cap rules Country tax and book treatment of capital gains (losses) NOLs, foreign tax credits, tax incentives, tax free reorgs Foreign exchange controls and financial transaction taxes 9:00 AM Brazil Update 10:00 AM Break for Refreshments 10:15 AM Argentina Update 11:15 AM Chile Update 12:00 PM Luncheon 12:45 PM Mexico Update 2:15 PM Break for Refreshments 2:30 PM Venezuela Update 3:15 PM Colombia Update 4:00 PM Transfer Pricing Developments in Latin America Review of OECD principles and comparison with practices in key countries in Latin America Interrelationship with related-party royalty and service agreements The use of secret comparables and resolving tax controversies in Latin America avoiding penalty assessments Review of documentation requirements, penalty regime and planning opportunities in Latin America Update on recent transfer pricing audit/enforcement activities in major jurisdictions 5:30 PM Conference Adjourns for the Day TUESDAY, SEPTEMBER 22, :30 AM Continental Breakfast 8:00 AM OECD BEPS Report and Its impact to Latin America Operations Update on OECD BEPS Report Overview of recent tax reform incorporating BEPS initiatives Changes in Business Purpose requirements and substance over form obligations 9:15 AM Mergers & Acquisitions in Latin America and Post-Deal integration Acquisition and disposition approaches in key Latin America countries Planning for and use of holding companies for national/regional investments Asset vs. stock acquisition perspective of the buyer vs. seller Addressing key direct and indirect taxes on acquisitions Post transaction integration issues 10:30 AM Break for Refreshments 10:45 AM Approaches for Financing Latin American Operations Debt vs. Equity considerations Reducing withholding taxes on payments of interest, guarantee fees or original issue discount Tax issues in repatriating cash from Latin America BEPS impact on financing in the region 12:30 PM Luncheon 1:15 PM Key Issues in Sending Individuals to Latin America Key issues related to international assignments Understanding tax implications of assignments to the region 2:15 PM Break for Refreshments 2:30 PM Service Centers and Cross-Border Services in Latin America 3:30 PM Central America & the Caribbean Update 4:30 PM Conference Ends Times/topics/speakers subject to change 2015 The Bureau of National Affairs, Inc. All rights reserved COMMENTS FROM OUR RECENT ATTENDEES Very Knowledgeable Speakers In-Depth and thorough discussions on investing in Latin America I learned a lot! I learned how LA countries have evolved in tax law. I learned other countries tax treatments besides the ones I already knew Excellent Instructors and course content All paid attendees will receive one Bloomberg BNA Portfolio from the following selection (a $400 value): Doing Business in Argentina #950-3rd Doing Business in Brazil #954-3rd Doing Business in Mexico #972-4th *One Portfolio per paid attendee. Quantities are limited. SPONSORSHIP OPPORTUNITIES ARE AVAILABLE Contact Bloomberg BNA at customercare@bna.com or call These unique courses are offered exclusively by Bloomberg BNA For more information, call or visit

3 MONDAY, SEPTEMBER 21, :00 AM Registration & Continental Breakfast 8:30 AM Understanding the ASC 740 Tax Accounting Rules Fundamentals and basic principles of ASC 740 Templates for recording tax adjustments Journal entries making debit/credit entries Using T Accounts for recording tax adjustments Application to foreign and state income taxes 10:15 AM Break for Refreshments 10:30 AM Identifying Taxable Differences Permanent differences Temporary differences Recognizing future tax consequences in financial statements 12:15 PM Luncheon 1:00 PM Measuring Deferred Tax Assets and Liabilities Accounting for deferred tax liabilities Accounting for deferred tax assets Financial statement disclosure 2:45 PM Break for Refreshments 3:00 PM Discussion of Day 1 Topics Test #1 Comprehensive application Exercise #1 4:45 PM Meeting Adjourns for the Day TUESDAY, SEPTEMBER 22, :00 AM Continental Breakfast 8:30 AM Uncertain Tax Positions Basic components of model and methodology for recognizing uncertain tax positions Review of disclosure requirements 9:15 AM Treatment of New Tax Legislation and Tax Rate Changes Tax rate changes and effect of new tax legislation 10:15 AM Break for Refreshments 10:30 AM Comprehensive Application Exercise #2 11:30 AM Treatment of Net Operating Losses NOLs and deferred tax benefits 12:30 PM Luncheon 1:15 PM Comprehensive Application Exercise #3 2:00 PM Understanding the Valuation Allowance Establishing valuation allowances Comprehensive application Exercise #4 3:45 PM Meeting Ends Times/topics/speakers subject to change 2015 The Bureau of National Affairs, Inc. All rights reserved. All paid attendees will receive the Bloomberg BNA Portfolio: #5000-4th Accounting for Income Taxes-FASB ASC740 (a $400 value) *One Portfolio per paid attendee. Quantities are limited. COMMENTS FROM OUR RECENT ATTENDEES Excellent several practical examples that helped in understanding the topics covered. Course was a perfect pace for beginners in the area. Instructor was really knowledgeable and moved at a good pace. These unique courses are offered exclusively by Bloomberg BNA For more information, call or visit

4 Five Easy Ways to Register: Web: Telephone: Facsimile: Mail: Bloomberg BNA s Customer Contact Center 3 Bethesda Metro Center, Suite 250 Bethesda, MD USA CPE/CLE CREDITS AVAILABLE Bloomberg BNA is registered with the National Association of the State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN Bloomberg BNA will apply for continuing legal education credits in any state or jurisdiction where available. For more information, please contact Bloomberg BNA customer service at and ask to speak to the CLE Accreditations Coordinator, or us at accreditations@bna.com. CONFERENCE LOCATION Hotel Stanton South Beach 161 Ocean Dr Miami Beach, FL Tel: A limited number of rooms are available at the reduced rate of $199 per night. Contact the Stanton South Beach and ask for the Bloomberg BNA room block to book. Our block of discounted sleeping rooms is limited, so please reserve your sleeping room early! We cannot guarantee rates or availability. Please contact the hotel and mention that you are attending the course listed under Bloomberg BNA. This limited-time discounted rate will be available up to 30 days prior to the meeting, or until the group block is sold-out, whichever comes first. Please note: your sleeping room is not included in the registration fee. Fee Includes Continental breakfasts, lunches, refreshment breaks, Bloomberg BNA Portfolio and course materials in electronic format. Contact Bloomberg BNA about discounts for three or more registrants from the same company HARDSHIP POLICY Bloomberg BNA offers a hardship policy for CPAs and other tax and accounting professionals who wish to attend our live conference and seminars. Individuals must earn less than $50,000 annually in order to qualify. For individuals who are unemployed or earning less than $35,000 per year, a full discount off the price of registration for the program will be awarded. Individuals earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program. If an individual wishes to submit a case for hardship, he or she must contact Bloomberg BNA directly at accreditations@bna.com. Please include the following information with your request: complete contact information, program for which a hardship reduction is being requested, requested amount for hardship reduction, and reason for applying for hardship. Please note that requests will not be considered until 30 days from the program date and that individuals may only apply for a hardship reduction once within a 12-month period. Bloomberg BNA reserves the right to make a final determination on a case-by-case basis. Our decision for granting a hardship is final and submission does not constitute acceptance. CANCELLATION POLICY If you are unable to attend this event, you may: transfer your registration to another person from your company for the same event; or transfer your registration to a substitute event listed on our web site. In either instance, there will be no charge or penalty for substitution. To request a transfer, contact customercare@bna.com with the new attendee or substitute event information more than 5 business days prior to the conference start date. On the first day of the event, absent attendees will be considered no shows and will not be eligible for a refund, transfer, or substitute event. Cancellations must be made in writing to customercare@bna.com more than 5 business days before the event and will be assessed a $350 conference setup fee. Cancellations will not be accepted if notice is received fewer than 5 business days before the event. For more information regarding administrative policies, complaints and cancellations, please contact us at , or customercare@bna.com. REGISTER EARLY & SAVE $200! Latin America Tax Update TMC287 $1195 Early Registration (up to 1 month prior to course) $1395 Registration (within 1 month of course) Name Title Tax Accounting (ASC 740) Primer: TMC288 $1395 Early Registration (up to 1 month prior to course) $1595 Registration (within 1 month of course) Method of Payment All credit cards converted to and billed in U.S. dollars (USD). Check enclosed payable to Bloomberg BNA Credit card payment: MasterCard Visa AmEx Discover All credit cards will be processed at current U.S. conversion rates Organization Address Card No. City State Zip V-code Card exp. /Billing Zip Card Expiration Date Telephone Fax Signature

5 WHY YOU SHOULD ATTEND Growth and opportunities in Latin America are expanding and forecasts project positive economic expansion. Infl ation generally has been low and unemployment is reaching its lowest levels in most Latin American countries. In addition new tax rules and compliance activities have increased in most Latin American countries. Bloomberg BNA announces its Latin America Tax Update. This two day course with live group instruction is held only once a year and features a faculty of STAR (Speakers with Top Attendee Ratings) from many of the top accounting and law fi rms doing business in Latin America. Attendees can meet the faculty and network with other tax practitioners with operations in Latin America. U.S. multinationals seeking to increase global sales are increasingly making or expanding investments in Latin America. As a result, U.S. tax advisors need to know the latest tax laws applicable to their investment activities and be knowledgeable about tax planning opportunities in Latin America. Let our faculty of experienced tax practitioners assist you in resolving your toughest tax issues in Latin America. If your company is currently doing business in Latin America or planning to expand into the region this is a must-attend event! Sign up today to secure your spot and take advantage of our early-bird rates. We look forward to welcoming you in September. WHO SHOULD ATTEND This conference is intended for corporate tax, legal and fi nancial advisors, including VP-Finance, VP-Taxes, controllers, tax directors and managers, treasurers, in-house and outside legal counsel and other fi nancial executives with companies currently or expecting to do business in the Latin America region. No prerequisite is required for this course. This course is transitional and nontransitional which is appropriate for both newly admitted and experienced attorneys. EARN UP TO 18 CPE/CLE CREDITS WHY YOU SHOULD ATTEND Upgrade your tax department s knowledge of the basic tax accounting rules and learn the fundamental principles for assembly and compilation of tax provision data at your company. Learn from our experienced staff of tax professionals using in-class exercises how the tax accounting rules under ASC 740 apply. Find out the proper accounting entries before inputting Schedule M-3 data for corporations or partnerships! Bloomberg BNA is pleased to announce its Tax Accounting (ASC 740) Primer:. Discover how companies identify current and deferred tax assets and liabilities and how they go about recording and documenting them. This course is designed as a basic level tax accounting course for beginners, who need to familiarize themselves with debit and credit entries required in accounting for current and deferred tax items. Find out how your company can establish internal controls that satisfy the SOX documentation requirements. Only Bloomberg BNA offers this basic hands-on tax accounting workshop. CPAs, attorneys and IRS enrolled agents can earn up to 15 CPE/CLE credits. WHO SHOULD ATTEND This is an introductory-level course for corporate tax attorneys, accountants and IRS enrolled agents. Accountants and tax consultants in private practice also can acquire a basic understanding of the ASC 740 rules and apply these rules in their practice. Financial executives and analysts involved in reviewing fi nancial statements also will fi nd this course helpful. There are no course prerequisites, but a basic knowledge of the U.S. tax rules is recommended. This program is transitional which is appropriate for newly admitted attorneys. EARN UP TO 15 CPE/CLE CREDITS These unique courses are offered exclusively by Bloomberg BNA ::::::::::::::::::::::::::::::: For more information, call or visit :::::::::::::::::::::::::::::::

6 Bloomberg BNA s Customer Contact Center 3 Bethesda Metro Center, Suite 250 Bethesda, MD Latin America Tax Update