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New´´sletter

eCIAT ISSN 1684-9833 • Year 6 / No. 9 / May 16, 2014

The Executive Secretariat Informs 48th CIAT General Assembly The Executive Secretariat Informs 48th CIAT General Assembly CIAT 2014 – 2015 Executive Council The Tax Administrations Inform Argentina - at the forefront of the implementation of the new global standard for the automatic exchange of financial information Argentina - implements automatic exchange of tax information with the Netherlands

ESponsored by the Secretariat of Federal Revenues of Brazil, the 48th CIAT General Assembly ihas been held in Rio de Janeiro, from May 5-8. with the participation of 32 CIAT member countries from 4 continents and over 80 delegations from other tax administrations, international organizations and institutions with whom CIAT carries out joint international cooperation activities.

The main theme of the technical sessions of this event is: The use of information and communication technologies in the tax administration.

On the CIAT website, you can find the Technical Program, the Technical profile and the documentation.

Brazil - Carlos Barreto emphasizes the importance of using technology in tax administrations Bolivia - The SIN collected 17.911 million in the first quarter of 2014, especially VAT and Profit Tax Colombia - Tax information exchange agreement with United States enters into force Colombia - DIAN identifies software used for VAT evasion Dominican Republic - DGII revenues grow 16.6% in the first quarter of the year, not including extraordinary income

Views of the inaugural session of the 48th CIAT General Assembly.

Panama - Comparative Evolution of Income Tax Collection Paraguay - Collection registers an increase of 25.5% until April Peru – Collection for the income tax regularization grows by 19.9% Eventos IBFD News Post of the Month New in the Web Participants in the 48th CIAT General Assembly

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CIAT 2014 – 2015 Executive Council The new CIAT 2014-2015 Executive Council was elected at the Administrative Session of the CIAT General Assembly held on Tuesday, May 6. The new Council members are: President:

Councilors: Ricardo Echegaray - Argentina Brian McCauley – Canada Yolanda Álvarez de la Torre – Cuba Martin Rivas - Nicaragua

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

Peter Veld – Netherlands Marta González - Paraguay Tania Quispe – Peru Carlos Barreto Brazil

CIAT is a public international organization which groups the tax administrations of 38 countries, (31 Amarican countries, 5 European countries, 1 African countries and 1 Asian country. India is an associate members), 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.

Executive Council Executive Secretariat The e-CIAT Newsletter is published and distributed electronically biweekly.

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Contact us: CIAT Executive Secretariat / e-CIAT Newsletter P.O. Box 0834-02129 Panama, Republic of Panama.

Phone (507) 265-2766 / 265-5994 Fax: (507) 264-4926 E mail:ciat@ciat.org Web Site: http://www.ciat.org

José David Cabello - Bolivarian Republic of Venezuela

The Tax Administrations Inform

Argentina - at the forefront of the implementation of the new global standard for the automatic exchange of financial information Mandated by the G20, the OECD has developed a new global standard for the automatic exchange of financial accounts and in the ministerial meeting held in Paris the OECD countries, including Switzerland, United States, Argentina, Brazil and China, among others, pledged to implement it. The agreement signed with Switzerland provides for the commitment of this country to implement the automatic exchange of information with Argentina.

María Luisa Carbonell Correspondent

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Argentina - implements automatic exchange of tax information with the Netherlands Argentina, through the AFIP, has signed the first Memorandum of Understanding for the effective implementation of the automatic exchange of tax information with the Kingdom of the Netherlands. The document was signed by the Federal Administrator of Public Revenue, Ricardo Echegaray and the Ambassador of the Kingdom of the Netherlands, Hein de Vries Mr. Hein de Vries stated that relationships are on a good path and it is a privilege to sign this agreement, which has effects beyond this document. We are signing a memorandum of understanding between the authorities of both countries for the automatic exchange of information in tax matters María Luisa Carbonell Correspondent

Brazil - Carlos Barreto emphasizes the importance of using technology in tax administrations The Federal Revenue Secretary participates in the 48th Assembly of the Inter-American Center of Tax Administrations (CIAT), in Rio de Janeiro Rio de Janeiro, May 5, 2014 - Representatives of 32 of the 38 members of the Inter-American Center of Tax Administrations (CIAT) countries were present today at the opening of the 48th General Assembly in Rio de Janeiro. The main topic of the event is “The use of Information and Communication Technologies (ICT) in the Tax Administration.” During the opening session, the Secretary of Federal Revenue, Carlos Alberto Barreto, said that this meeting is a valuable opportunity for debate at a time when the governments of many countries make efforts to recover the growth of their economies. “Tax administrations are committed to finding solutions to the fiscal problems to ensure an increased capacity of public funding,” he said.

For the Secretary, recent developments in information technology have provided considerable opportunities and advances to tax administrations. He cited as examples the projects Tax Digital Bookkeeping and Electronic Invoicing, tools that reduce the bureaucracy, facilitate the related controls for tax compliance and promote the equality between taxpayers in regard to compliance. “These initiatives generate very positive impact not only on the tax revenue, but also in reducing costs and leveling the economic competitiveness.”

Among the participants of the CIAT event are representatives of institutions / companies such as the World Bank, the Inter-American Development Bank (IDB), the International Monetary Fund (MF), Organization for Economic Cooperation and Development (OECD), the World Customs Organization (WCO), Oracle and Serpro, in addition to the Finances Secretaries of the Brazilian states .

The CIAT CIAT is an international nonprofit organization, founded in 1967, with its central office in Panama, which provides specialized assistance to its member countries in order to strengthen and modernize their tax administration. The organization aims to support the efforts of national governments in institutional strengthening, through encouraging international cooperation and exchange of experiences and best practices.

Service 48th General Assembly of the Inter-American Center of Tax Administrations (CIAT) Period: May 5 to 8, 2014 Location: Windsor Barra Hotel, Rio de Janeiro Information on the site: http://www.ciat.org/ Or the Press Division of the Federal Revenue: Imprensa@receita.fazenda.gov.brl

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Bolivia - The SIN collected 17.911 million in the first quarter of 2014 , especially VAT and Profit Tax In the first quarter of the year, national tax (SIN) service has collected Bs 17.911 million, incomes that are higher by 8% compared to similar period of the previous period. This period shows that tax revenues of the internal market - not including HDI and IEHD - grew by 11%, highlighting the sustained increase (18%)of the value added tax (VAT), and the tax on the profits of companies (SUI) of 8%, said its Executive Chairman, Erik Ariñez Bazán.

Juana Patricia Jiménez Soto Correspondent

Colombia - Tax information exchange agreement with United States enters into force With the support and efforts of the Embassy of Colombia in the United States, the note from the Government of this country to the Ministry of Foreign Affairs of Colombia has been delivered for the entry into force, on April 30, 2014, of the Tax Information Exchange Agreement between the Governments of Colombia and the United States.

Rubén Darío Pineda Correspondent

Colombia - DIAN identifies software used for VAT evasion The National Direction of Tax and Customs - DIAN detected through actions of control that small businesses of the departments of Antioquia and Santander are using software to evade the VAT. The software used for the omission of income apart from their normal functions for the administration of sales, inventory, accounts payable, generation of reports, administration of user profiles; allows concealment of sales, resulting in the omission of income and keeping the VAT that was already paid by Colombians.

Rubén Darío Pineda Correspondent

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Dominican Republic - DGII revenues grow 16.6% in the first quarter of the year, not including extraordinary income The General Internal Revenue Directorate (DGII) reported that they obtained an interannual increase in collection from a 16.6% in the first quarter of the year compared with the same period last year, not including extraordinary income, exceeding nominal growth of 9.2% projected for the economy for 2014, as a clear evidence of the tax administration efficiency.

In the January-April period, the revenue collected by the DGII reached RD$ 118,438.3 million, for an increase of RD$ 20,893.1 million and a growth of 21.4% compared to the same period of the previous year.

Nieves Vargas Collado Correspondent

Panama - Comparative Evolution of Income Tax Collection Between 2001 and 2005, the individual segment contributed more than the corporate segment.

This situation was slightly reverted between 2006 and 2008 and in forceful manner as of 2009.

The graph shows Income Tax (excluding dividend/complementary tax).

Paraguay - Collection registers an increase of 25.5% until April EIn the month of April 2014, the Undersecretary of State of taxation (SET) raised about 970 billion guaranies, implying an increase of 160 billion guaranies more than the revenue collected by the SET in April 2013.

So far for the year (January to April 2014), the SET collected the total sum of 2 trillion 823 billion guaranies, $ 628 million, which means an increase of 25.5%, the details of which can be seen in the following table.

Alba Servín Correspondent

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Peru – Collection for the income tax regularization grows by 19.9% Between January and April, revenues from regularization of the income of the financial year 2013 tax amounted to S /.3.219 million, which represents an increase of 19.9%, in real terms. This amount is higher in S /. 621 million with respect to the results of the previous campaign, which recorded a revenue of S/.

2,598 million This growth occurs in a context in which the regularization of the Mining Sector revenues decrease by 74%, in real terms, while that in other economic sectors, the regularization has increased.

Clara Urteaga Correspondent

Events Advanced Course in Transfer Pricing Maastricht University 23-27 June 2014

The course will be conducted by renowned and recognised practitioners, academics and government officials to ensure high quality education and practical training. A maximum of 25 participants are allowed.

Special attention will be given to the transfer pricing aspects and developments in emerging and developing economies. This advanced Transfer Pricing course is designed to be relevant to tax practitioners, to lawyers and economists working in the tax departments of MNEs, as well as to.

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

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.

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Post of the Month May 12, 2014

Written by: Miguel Pecho First results of the 2013 collection The tax revenues from the Central, Federal or National Governments from the CIAT member countries of Latin America have reached in 2013, on average, 15.6% of the GDP.

May 12, 2014

Written by: Socorro Velázquez Maravilha! Obrigado, Rio de Janeiro It’s over. Four great days of knowledge acquisition in the wonderful world of technology. And it could not have been staged at a better venue, in the wonderful city of Rio de Janeiro.

May 6, 2014

Written by: Socorro Velázquez Confronting Tax Evasion Through Technology, or, My God! I had no idea!

Significant progress has been made in the use of intelligent systems with “Business Intelligence” and “Big Data”.

New in the Webb The Use of Information and Communication Technologies in the Tax Administration 48th. CIAT General Assembly Rio de Janeiro, Brazil May 5-8, 2014

Papers presented at the CIAT General Assembly held in Rio de Janeiro, Brazil, on May 5-8, 2014. The main theme was discussed on the basis of 3 subtopics: “The use of electronic documents in the tax administrations”, “Information and communication technologies for providing taxpayer services” and “Information and communication technologies and tax control”.