Latin America hot topics - Ernst & Young · Page 2 Latin America hot topics Disclaimer EY refers to...

Latin America hot topics27–29 October 2013

Latin America hot topics

Disclaimer

► EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Ernst & Young LLP is a client–serving member of Ernst & Young Global Limited in the US.

► This presentation is © 2013 Ernst & Young LLP. All rights reserved. No part of this document may be reproduced, transmitted or otherwise distributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP. Any reproduction, transmission or distribution of this form or any of the material herein is prohibited and is in violation of US and international law. Ernst & Young LLP expressly disclaims any liability in connection with use of this presentation or its contents by any third party.

► The views expressed by panelists in this session are not necessarily those of Ernst & Young LLP or its professionals.


► Oliver Nobumitsu Kamakura► [email protected]

► German Vega Barrientos► [email protected]

Presenters


Road map to Latin America

► Immigration► Individual taxation► Social security and labor


What HR executives want to see

► Seamless execution► Cost efficiency► Low risks


What they do see

► Time investment► Over–budgeting► Risks


Trends over the region

► Law changes► Marketplace protection► System cross–checks


Policy

25%

Source: GMES 2012

Knowledge/communication

Tax compliance

Assignmentadministration

Processes

21%

12%

9%7%

Policy is the #1 priority for global mobility


Immigration

► Visitors► Temporary► Permanent


Permanent establishment

► Is it something to consider?


Individual income tax

► Tax residency► Global basis► Source concept


Often neglected

► Treaty vs. non–treaty countries► Stock–based compensation► Reporting obligations


Social security and labor

► Paternalistic► Protective► Global


US

Argentina

Colombia

Mexico

Brazil 38%

36%

34%

27%

19%

Most expansive social security jurisdictions


Often neglected

► Totalization benefits► Fundo de Garantia do Tempo de Serviço (FGTS)► Fringe benefits


One more thing: back office

► Cost allocation► Reporting► Technology


Global mobility

► Way more than a people matter!


Here are three pieces of advice

► Right team► Right information► Right technology


Partner to excel efficiency

► Be at the table, not on the table!


Assess your policies

► Make sure they work!


Focus on cross–checking developments

► Assess, improve and monitor


Lead the change!

► Be mindful► Be proactive► Bridge the gaps


Questions

Latin America hot topics - Ernst & Young · Page 2 Latin America hot topics Disclaimer EY refers to...

Documents

Transcript of Latin America hot topics - Ernst & Young · Page 2 Latin America hot topics Disclaimer EY refers to...