##  [How are indirect sales of companies taxed in Latin American countries, Spain and Portugal?](/en_GB/new/how-are-indirect-sales-companies-taxed-latin-american-countries-spain-and-portugal) 

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





Latin America, Spain and Portugal - 03 / 02 / 2026

















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**We analyze how indirect transfers of shares are regulated in the tax systems of Argentina, Chile, Colombia, Mexico, Peru, Uruguay, 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**](https://www.garrigues.com/sites/default/files/noticias/files/como-gravan-los-paises-latinoamericanos-las-ventas-indirectas_en.pdf) 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.









[LatAm](/en_GB/tags/latam), [Spain](/en_GB/tags/spain), [Chile](/en_GB/tags/chile), [Colombia](/en_GB/tags/colombia), [Perú](/en_GB/tags/peru), [México](/en_GB/tags/mexico), [Argentina](/en_GB/tags/argentina), [Portugal](/en_GB/tags/portugal), [Tax](/en_GB/tags/tax), [Corporate](/en_GB/tags/corporate)







 

 



 

 

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