The Latin Recording Academy Person of the Year is an award presented annually by the Latin Recording Academy, the same organization that distributes the Latin Grammy Awards, to commend musicians for their "artistic achievements in the Latin music industry as well as their humanitarian efforts". Award recipients are honored during "Latin Grammy Week", a string of galas just prior to the annual Latin Grammy Awards ceremony. Until 2023, the award was only presented to artists of Ibero-American heritage, when Laura Pausini became the first Italian artist to be presented with the honor.

The Latin Grammy Awards are awards presented by the Latin Recording Academy to recognize outstanding achievement in the Latin music industry. The Latin Grammy honors works recorded in Spanish or Portuguese from anywhere around the world that has been released in Ibero-America. Ibero-America, as defined by the Latin Recording Academy, encompasses Latin America, Spain, Portugal, and the Latino population in Canada and the United States. Submissions of products recorded in languages, dialects or idiomatic expressions recognized in Ibero America, such as Catalan, Basque, Galician, Valencian, Nahuatl, Guarani, Quechua or Mayan may be accepted by a majority vote. Both the regular Grammy Award and the Latin Grammy Award have similar nominating and voting processes, in which the selections are decided by peers within the Latin music industry.