International Tax Americas August 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 August and 31 August 2019.

Bahamas  Chile Dominican Republic United States
Brazil  Colombia Mexico  
Canada Costa Rica Uruguay  


For a full summary of global tax developments, visit TaxNewsFlash- Global.

To contact the International Tax Team email

To register for the International Tax webcasts, click here.

International Tax Newsletter: Americas


KPMG publications
Taxation of international executives
August 2019

KPMG in Bahamas prepared a report on the taxation of international executives.


Administrative and case law
Beneficial ownership
August 2019

Brazil’s tax authority announced an “annual inspection plan” for 2019 that focuses on identifying ultimate beneficial owners that use offshore structures for purposes of obtaining tax benefits.


Tax legislation approved and regulatory update  Monitoring of aluminum and steel imports
August 2019

Canada's Department of Finance is introducing additional changes to determine that imports of aluminum and steel into Canada do not increase beyond historical levels.

Proposed legislation
Allocation rules / Mutual fund trusts
July 2019

The Department of Finance in the 2019 budget proposed restrictions on mutual fund trusts related to the allocation of capital gains or income, or both, to redeeming unitholders. The Department of Finance released a revised version of draft legislation that includes two relief measures—in addition to the allocation to redeemer restrictions.

Proposed legislation
Federal budget
August 2019

The Department of Finance released draft legislation to implement certain tax measures from the 2019 federal budget.

Proposed legislation  Tax compliance
August 2019

Revenue Quebec has proposed to extend the deadline for disclosures of nominee agreements.

Multilateral instrument
29 August 2019

Canada’s Department of Finance issued a release announcing that Canada has deposited its instrument of ratification with the depositary of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting.

KPMG publications
Guide to real estate tax
August 2019

KPMG in Canada has prepared a tax technical guide to help navigate through some of the Canadian tax fundamentals regarding the real estate sector.


Tax legislation approved and regulatory update
August 2019

New customs measures in Colombia are effective in August 2019.

Costa Rica

Tax legislation approved and regulatory update Tax compliance
July 2019

Resolutions from the tax administration were published in the official gazette to explain the use of certain new tax returns.

Tax legislation approved and regulatory update
Tax compliance 12 August 2019

A resolution published in the official gazette concerns the requirement that certain taxpayers use a specific portal for filing tax returns.

Dominican Republic

Proposed legislation
Special tax regime for multinational headquarters August 2019

A bill—recently introduced in the Dominican lower house—would create a special tax regime for multinational corporate headquarters in the Dominican Republic.


Tax legislation approved and regulatory update
Labor subcontracting arrangements August 2019

Taxpayers involved in labor subcontracting agreements must obtain certain labor and tax information from the contractor.


Double tax treaties
August 2019

A new income tax treaty between Uruguay and Brazil is pending ratification.

United States


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

Connect with us