New report! 2025 Taxation on reinsurance premiums Latin America The world’s main reinsurance markets typically provide their services on a cross-border basis for Latin American cedants, given the limited reinsurance capacity within the region compared to the demand from insurance companies. Consequently, these cross-border transactions create taxation challenges for the local governments where the cedants are domiciled, as foreign reinsurers collect premiums while being located in other jurisdictions. As a result, most Latin American tax authorities have implemented withholding tax rates on outbound reinsurance premiums paid by local cedants to foreign reinsurers. This updated 2025 report provides a comparison of the withholding tax rates applicable in the region and includes more jurisdictions such as Dominican Republic, Guatemala, Honduras, El Salvador, Nicaragua and Puerto Rico. Download the report here: https://lnkd.in/dgTe-SvK #insurancelaw Carlos Sucre Levy Jose Luis Vega Meza Laura Manz Andrew Downs David ROIG
Legal advisor in insurance and reinsurance. Partner at Brigard Urrutia. Insuralex past president
1wAs the exclusive Insuralex member for Colombia, Brigard Urrutia is proud to contribute to this essential update on the taxation of reinsurance premiums in Latin America. Withholding tax on cross-border reinsurance remains a critical topic for insurers, reinsurers, and regulators alike. This 2025 edition provides a comprehensive comparison of tax rates across the region, now covering additional jurisdictions. 🔎 Looking for insights on Colombia’s tax framework? Our team at Brigard Urrutia is here to help.