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ISSN 1684-9833 • Year 4 / No.1 /January 18, 2013

The Executive Secretariat Informs Announcement of the XXIV Essay Contest CIAT/ AEAT/IEF In the framework of the Technical Cooperation Agreement signed between CIAT, the State Agency of Tax Administration and the Institute of Fiscal Studies, these last two entities attached to the Secretary of State for the Treasury of the Ministry of Finance and Public Administrations of the Kingdom of Spain, announce the XXIV Essay Contest CIAT/AEAT/IEF. This contest is held every two (2) years with a view to promoting the scientific activity among tax administrations officials of CIAT member countries. In this edition, the contest will receive works about: The Executive Secretariat Informs Announcement of the XXIV Essay Contest CIAT/AEAT/IEF The Tax Administrations Inform Argentina - AFIP established parameters to make soccer transfers transparent Bolivarian Republic of Venezuela SENIAT collects Bs.192.3 billion in 2012 and exceeds its budget target by 23 per cent Bolivia - The SIN collected Bs 37.459,5 million in 2012, 24% more than in 2011 Dominican Republic - Internal revenue achieved an annual growth of 20.6% in tax collection Nicaragua - Tax reform Paraguay - Tax administration collection increased 11.8% in 2012 Spain and United States sign the agreement to avoid double taxation and tax evasion IBFD News Training Post of the Month Other Documents

1. The access to the bank information for tax purposes, 2. VAT and Income Tax withholdings schemes, and 3. Topics related to the management of enforced collection.

The due date for delivery of the papers is June 1, 2013 at the latest.

The Tax Administrations Inform Argentina - AFIP established parameters to make soccer transfers transparent The Federal Administration of public revenue implemented a new regulation to make transparent the operations carried out in Argentine football. Among the main points, for tax purposes, the federative and economic rights of players will remain exclusively in the clubs.

“The purpose of the legislation is to completely reverse the current situation in soccer, where clubs are subject to businessmen and representatives. ”We want the clubs to be the big players,” assured the federal administrator, Ricardo Echegaray, and he added that the regulations aim at “cleaning up” the football market avoiding tax evasion.

Carlos Alberto Sánchez Correspondent

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Bolivarian Republic of Venezuela - SENIAT collects Bs.192.3 billion in 2012 and exceeds its budget target by 23 per cent As part of the strengthening of the Customs and Taxation Socialist System, the national customs and tax Superintendent Jose David Cabello Rondon announced that the SENIAT managed a global collection of 192.3 billion bolivars by the end of December, which represents a compliance of 123 percent of the goal set in 156.3 billion bolivars, by the Ministry of Popular power of planning and finance for the 2012 fiscal year.

We invite you to CIATalks, the space provided by CIAT. Read the posts, give your opinion and actively participate

The Customs and Tax Authority stressed that thanks to the management achieved by the National Integrated Service of Customs and tax Administration (SENIAT), it is appropriate to inform the country in the first days of the new year that the objectives set in terms of collection for last year, recorded a supra compliance of 23 percent, which means additional revenue to the National Treasury for 36 billion bolivars.

Pablo Pinto ChĂĄvez Correspondent

CIAT is a public international organization which groups the tax administrations of 39 countries, (31 Amarican countries, 5 European countries, 2 African countries and 1 Asian country), for the purpose of providing an integral service for the modernization of those administrations, by promoting their evolution, social acceptance and consolidation through the exchange of knowledge, experiences and the rendering of specialized technical assistance.

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Bolivia - The SIN collected Bs 37.459,5 million in 2012, 24% more than in 2011 As a result of the good performance of the national economy, increase in the register of taxpayers, tax administrative efficiency, application of technological tools and generation of tax awareness, the National Revenue Service (SIN) closed 2012 with a total collection of 37.459,5 million bolivianos, amount which represents 24 per cent more than in 2011.

The Executive Chairman of the SIN, Roberto Ugarte Q., emphasized that we have achieved a new milestone for the tax administration, since it concluded a positive management both at the institutional and operational tasks, which allows a greater efficiency in the following phases.

Juana Patricia JimĂŠnez Soto Correspondent

Dominican Republic - Internal revenue achieved an annual growth of 20.6% in tax collection The General Directorate of internal revenue increased tax collection in 2012 compared to the previous year in a 20.6%, with an absolute growth of RD$ 42,406.6 million more than in 2011 and reaching a total of RD$ 248,474.9 million, equivalent to a 98.1% of the goal estimated in the national budget for the year just ended.

The 2012 collection report prepared by the Department of economic studies of the DGII also addresses the behavior of tax revenue in December with the effects of the tax reform.

Nieves Vargas Collado Correspondent

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Nicaragua - Tax reform Law No. 822, “Concertation Tax Act” was published on December 17, which repeals law No. 453 “Tax equity Act and its reforms”. This way, a comprehensive change in the Nicaraguan tax system is performed.

Among the main reformed aspects the DUAL tax system is adopted with the following income categories: Labor, economic activity, Capital gains and Capital losses; regulations are introduced for the transfer pricing treatment, limitation to indebtedness and activities with tax havens; “definitive” and ‘to account’ adjustments are made to the income tax bases and aliquots; tax benefits to different sectors and goods are better structured - through establishment of lists and specific deadlines ; and tend to equate effective rates to the rates of Central American countries.

The Tax reform will also impact collection with respect to GDP. See: Law No.822 tax conciliation Act (Official Gazette) Elías Álvarez M. Correspondent

Paraguay - Tax administration collection increased 11.8% in 2012 In December 2012, the collection of the State Sub-secretary of Taxation (SET) was 443.600 million guaraníes, registering an increase of 11% with respect to the collection from this institution in December 2011, which was 399.572 million. The SET accumulated collection from January to December 2012 totaled g. 7,062 trillion, showing an increase of around 11.8 per cent with respect to the collection from that institution in the same period of the year 2011, which was G. 6,318 billion.

Elizabeth Fernández de Corrale Correspondent

Spain and United States sign the agreement to avoid double taxation and tax evasion The agreement will encourage American companies to invest in Spain and Spanish companies in the North American country.

The Minister of Finance and Public Administration, Cristóbal Montoro, and the US Ambassador in Spain, Alan D. Solomont, have signed today at the Ministry headquarters, the Protocol amending the Convention between the Kingdom of Spain and the United States of America to avoid double taxation and prevent tax evasion. The text, which must now be ratified by the respective parliaments, has been negotiated for more than two years. It will enter into force three months after ratification, replacing the existing one, which was in force since February 22, 1990.

Source: Ministerio de Hacienda y Administraciones Publicas

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IBFD News International Bureau of Fiscal Documentation (IBFD) Cooperation-CIAT - IBFD

This section includes a selection of the IBFD news about aspects of tax policies and tax administration. This information is available on the CIAT website and in Fridays Tax News alert.

Training Announcement of Course Given the importance we attribute to continued training in order that tax professionals may be fully updated on tax administration, customs and human resources issues we are announcing the following course: • Course on the Control of Financial Institutions and Operations 7ed.

• Course on Human Resources Management 2nd.

• Tax Ethics Course 3rd.

If you are interested in participating, please fill out the registration form.

The courses will be offered in Spanish.

Post of the Month 08 January 2013

The world systemic crisis and the tax system Written by Domingo Carbajo Vasco The analysis on the causes of the global economic crisis that conventionally place its origins in 2007, often characterize it as a financial crisis and establish its starting point (perhaps due to the human need to identify historical facts with accuracy) in the “subprime” American mortgage crisis.

03 January 2013

The Digital Gap Written by: Marcio Ferreira Verdi This is my 2013 first post and I would like to address one issue: the digital gap between tax administrations.

The Digital Gap issue is a well known, discussed and analyzed topic, and is part of the scientific development and educational policies in all countries.

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28 December 2012

Modern management tools Written by: Jorge Cosulich Ayala Tax administrations (TAs) are public organizations which mission is to enforce tax systems with efficiency, to maximize collection by reducing the levels of tax evasion, and making tax compliance easier. …read more

Other Document Ibero-American tax Forum Newsletter 2nd half of 2012

Fifteenth edition of the bulletin “Ibero-American Tax Forum” of the former students of the master’s international network in tax administration and public finance (RAAM) (available in English).

2012 Preliminary Balance of Latin America and the Caribbean economies.

Informative document ECLAC 2012 December

This new edition offers an analysis of the behavior of the region against the recent global economic crisis, as well as measures used by countries to counteract its effects.

The document also shows an overview of the fiscal and monetary variables situation, the performance of employment and wages in the region and the growth perspectives for each of the countries in 2013.