To print this article, all you need is to be registered or login on Mondaq.com.
The 1994 income tax law allows consolidated returns when groups of companies meet certain conditions so that they qualify as economic units, but the provision has not been regulated yet.
Expenses charged to a resident company by a foreign parent company are deductible only if they have been specifically incurred in Venezuela to benefit the Venezuelan operation and are adequately documented. Accordingly, such expenses must comprise reimbursements and not original income in the foreign company's hands. Allocations of general administrative expenses of the foreign parent company or of other foreign subsidiaries are in practice deductible only with difficulty.
Losses may not be transferred between companies. Asset transfers between companies in a group are subject to normal rules. Intragroup trading must be conducted at arm's-length prices.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Deirdre Silberstein, Washington, on +1 202 955 4000 or enter a text search "Deloitte & Touche" and "Business Monitor".
O "Brasília em Pauta" é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF)...
O time de Arbitragem teve artigo publicado na Legal Industry Reviews, edição do Brasil. A Legal Industry Reviews faz parte do Grupo Industry Reviews, plataforma online...
In one of the first cases brought under the new Law on Mediation, Conciliation and Arbitration, a court of appeals of the San Salvador district has vacated an award on the grounds that the arbitral tribunal was not legally constituted. The decision deals with interesting issues concerning the developing doctrine of Salvadoran arbitration law and the interplay between the law and the freedom of the parties.
Recientemente entro en vigor la nueva Ley General de Mecanismos Alternos de Solución de Controversias (la Ley) que permitirá a las empresas y a los individuos negociar a través de mecanismos ...
On April 11, 2019, Mexico´s Lower House of Congress approved a Reform to the Federal Labor Law, which is expected to be published on May 1st, in the Federal Official Gazette (DOF).
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.