The Latin Grammy Award for Song of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence, creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the songwriters of new songs containing at least 51% of lyrics in Spanish or Portuguese language. Instrumental songs or a new version of a previously recorded track are not eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Album of the Year, Record of the Year, Best New Artist and Song of the Year.

The Latin Grammy Award for Record of the Year is an honor presented annually at the Latin Grammy Awards, a ceremony that recognizes excellence and creates a wider awareness of cultural diversity and contributions of Latin recording artists in the United States and internationally. The award is given to the performers, producers, audio engineers and mastering engineer for new songs in Spanish or Portuguese language. The songs included on an album released the previous year of submission are also eligible only if they have not been submitted to competition before. Instrumental songs are also eligible. Due to the increasing musical changes in the industry, from 2012 the category includes 10 nominees, according to a restructuration made by the academy for the four general categories: Song of the Year, Album of the Year, Best New Artist and Record of the Year.