How are indirect sales of companies taxed in Latin American countries, Spain and Portugal?

The taxation of the so-called “indirect sales” is a huge challenge for companies operating in more than one
country.

There is an indirect transfer where there is a transfer of the shares or holdings of an entity which is not resident in a specific country but is, in turn, the owner – directly or through one or more companies – of shares in entities that are resident in that country.

This document contains a graphic and simplified description of the tax treatment of this type of transactions in different countries in Latin America, in Spain and Portugal provided by tax experts from the firm.