Tax Reform

EU-Mercosur Agreement: Opening of Public Procurement Markets

The interim agreement between the European Union and Mercosur has been provisionally applied since 1 May 2026. While the agreement is best known for the significant tariff reductions it introduces, it goes far beyond customs duties alone. The text contains a wide range of provisions designed to facilitate trade and economic cooperation between the two…

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New Tax Rules Affecting Argentine Real Estate Investments

The Milei Administration has again signaled resolve to stimulate real estate investment. This time, the president has issued Executive Order 406/2026 to clarify recent congressional amendments to the National Income Tax Law applicable to the lease, sale, and disposition of real property. Most importantly, the executive order resets income tax exemptions legislated under Law No….

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Brazil: Brazilian Chamber of Deputies approves the Tax Reform PEC

Last July, the Chamber of Deputies approved in two rounds Constitutional Amendment Bill No. 45/19 (PEC), which proposes the long-awaited tax reform in Brazil, accompanied by a new tax structure. The PEC will now be forwarded to the Senate, where it will probably be voted on in the second half of this year, after the…

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