Latin American countries are making progress on tax transparency
On the occasion of the 14th meeting of the Latin American Initiative of the Global Forum on Transparency and Exchange of Information for Tax Purposes (GF), held under the auspices and chairmanship of Peru’s SUNAT, a report was presented on the progress made in 2025 by the 15 members of the Initiative and Bolivia, which is currently an observer country. According to the report, Latin American countries achieved significant results, including:
- • Revenue of 578 million euros resulting from the use of information exchange upon request and the Common Reporting Standard (CRS)
- • A 13% increase in the volume of account information exchanged under the CRS between 2024 and 2025.
- • A significant increase in the use of CRS data for filing tax returns, notifying taxpayers, tax collection, tax audits, and risk assessment.
- • Commitments from six jurisdictions to exchange information on cryptoassets under the Crypto Asset Reporting Framework (CARF) in 2027 and 2028.
- • 11 members signed the Resolution of the Heads of Tax Administrations to maximize the use of information exchange upon request.
You can download the report at the following link: Progress Report on the Latin America 2026 Initiative.
This meeting was chaired by Mr. Javier Franco Castillo, Superintendent of SUNAT, and co-chaired by Mr. Gustavo González Amilivia, Director General of Uruguay’s DGI, and was attended by representatives from the Initiative’s member countries and observers, as well as from the World Bank, the IDB, the Spanish Institute for Fiscal Studies, and CIAT. For its part, CIAT had three items on the agenda relating to:
- • The importance of calculating time limits in the context of international cooperation, including both statutes of limitations and deadlines for conducting tax audits.
- • The NIT-CRS initiative, which provides countries with a solution to validate taxpayer identification numbers (TINs) and/or cross-check TINs against taxpayer data, in order to more accurately identify, prior to providing information, the taxpayers for whom information must be reported under the automatic exchange of information.
- • CIAT’s efforts regarding transparency and information sharing, as well as proposals for opportunities for cooperation with the GF.
The Executive Secretariat of CIAT would like to thank Ms. María José Garde, Head of the GF Secretariat, for her strong leadership in promoting cooperation between the GF and CIAT, and congratulates the GF team, as well as Mr. Javier Franco Castillo and his team, for the high-quality organization and the warm welcome they extended to us.
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