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International Tax Newsletter: Americas

Americas International Tax Newsletter

International Tax Americas April 2019

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Americas Region between 1 April and 30 April 2019.

Barbados Costa Rica Mexico
Canada   United States


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International Tax Newsletter: Americas


Proposed legislation
Budget 20 March 2019

The Prime Minister delivered the 2019 Budget Address in the House of Assembly.


Tax legislation and regulatory update Corporate income tax  12 April 2019

Nova Scotia Bills 136 and 139 received Royal Assent. These two bills include all of the income tax measures that were recently announced in the province's recent 2019 budget.

Tax legislation approved and regulatory update Labor tax credit 2019

Canadian news organizations may be able to benefit from a new labor tax credit that takes effect in 2019.

Tax legislation approved and regulatory update Tax credits  16 April 2019

Bill introduces three non-refundable tax credits announced in the 2019 provincial budget.

Tax legislation approved and regulatory update Various tax areas 11 April 2019

Two British Columbia bills recently received Royal Asset. One bill enacts measures from the province’s budget, the other introduces a new LNG tax credit.

Proposed legislation Budget 16 April 2019

Newfoundland and Labrador’s Finance Minister Tom Osborne delivered the province’s 2019 budget.

Proposed legislation Budget 11 April 2019

Ontario’s Finance Minister Vic Fedeli delivered the province’s 2019 budget.

Proposed legislation Estate tax  16 April 2019

Ontario announces childcare credit and estate tax changes.

Proposed legislation Tracking arrangement rules 29 March 2019

Canadian investors and the Canadian investment industry will be interested in recent comments by Finance on the tracking arrangement rules.

Proposed legislation Various tax areas  8 April 2019

Bill C-97 received first reading. The bill contains selected measures announced in the 2019 budget as well as the accelerated CCA measures announced in the Fall Economic Update and other previously announced measures.

Costa Rica

Tax legislation approved and regulatory update Ultimate beneficial owner
5 April 2019

KPMG in Costa Rica prepared a report that briefly describes recent developments, including a transparency and ultimate beneficial owner registry.


Tax legislation approved and regulatory update Tax incentives/ VAT  28 March 2019

The tax administration announced various tax-related measures—including an extension of VAT incentives in the “northern border region.”

Tax legislation approved and regulatory update Tax amnesty 16 April 2019

A program that provides for the disclosure and resolution of unsettled income tax obligations, under what might be described as “tax amnesty,” was announced in the official gazette.

United States


For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States.

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