Covid-19: Latin America Overview | Wealth Planning

Due to the current health crisis and the consequent financial deficit, countless bills are circulating around for an «emergency tax on great wealth». Below we will detail the most relevant to date.

It will be applied only once and in all the Nation, taking as a basis of calculation the personal assets resulting as of March 31, 2020 of the human beings and the undivided inheritances that are subject to the Personal Assets Tax, when the sum of the assets of which they are owners, whose valuation, independently of the treatment they had in that tax and without deduction of any non-taxable minimum, at December 31, 2019, is equal or higher than $ 200,000,000.

The applicable rates shall be: