TaxNewsFlash-Americas | KPMG Global
Share with your friends



TaxNewsFlash-Americas — KPMG's reports of tax developments in the Western Hemisphere


Related content


To subscribe to TaxNewsFlash, fill out the subscription form

>> Return to the TaxNewsFlash "global" homepage

>> Go to the TaxNewsFlash U.S. homepage

November 2018

30 Nov - Costa Rica: Free trade agreement with Panama

28 Nov - Canada: Tax credits for “qualifying” news organizations, digital news subscribers

27 Nov - Costa Rica: Tax reform, status update

21 Nov - Canada: Enhanced capital cost allowances; quicker recovery of investment costs of Canadian businesses

15 Nov - Canada: Ontario not adopting federal measures for phase-out of small business limit, passive investment income

15 Nov - Colombia: Legislation includes VAT measures, corporate rate reduction, investment incentives

15 Nov - Costa Rica: Registry of taxpayer legal representatives, other developments

15 Nov - Canada: Deadline for employers under GST/HST and QST pension plan rules

15 Nov - Canada: Employer refund claims for CPP and EI overpayments due 31 December

15 Nov - Canada: Manitoba budget bill; small business deduction limit to increase in 2019

15 Nov - Canada: Possible tax changes in response to U.S. tax reform

15 Nov - Canada: Quebec's phase-out of input tax refund restrictions in 2019

15 Nov - Canada: Year-end tax planning tips for owner-managers

12 Nov - Dominican Republic: Opportunities for tax credits to settle 2018 tax liability

8 Nov - Costa Rica: Tax residency based on 183 days; tax-exemption beneficiary audits

1 Nov - Canada: Negotiations to update income tax treaty with Brazil planned for November 2018

1 Nov - Canada: Update on federal budget bill; Form T1134 accelerated filing date; income tax changes

1 Nov - Canada: Contribution limits for Canada pension plan (CPP) increased for 2019

1 Nov - Canada: Pension contribution limits for 2019

1 Nov - Canada: Prescribed income tax interest rates unchanged (first quarter 2019)

1 Nov - Canada: Prescribed PLOI interest rate increase (first quarter 2019)

October 2018

30 Oct - Brazil: Guide to oil and gas taxation (2018)

30 Oct - Canada: Charitable donations for tax credit on 2018 return

26 Oct - Canada: Deadline for companies with foreign affiliates filing T1134

26 Oct - Costa Rica: Free trade zone, changes to regulation

25 Oct - Brazil: Presidential run-off election and implications for tax

23 Oct - Canada: Proposed relief, “speculation tax” on residential property in British Columbia

23 Oct - Canada: Proposed employer health tax, applicable to permanent establishments in British Columbia with employees

23 Oct - Canada: New employer health tax in British Columbia; would apply for charitable and non-profit employers

16 Oct - Uruguay: New tax compliance guidance for digital economy

15 Oct - Canada: Investment limited partnerships to consider new GST/HST election for 2018 fiscal year

15 Oct - Costa Rica: Status of tax reform bill

15 Oct - Costa Rica: VAT and excise tax, exempt assets acquired domestically

11 Oct - Canada: Relief relating to U.S. tariffs on steel and aluminum imports

10 Oct - Canada: “Advantages tax rules" and 100% tax on certain advantages related to individuals' registered plans

10 Oct - Costa Rica: Free trade zone companies not exempt from stamp tax

10 Oct - Mexico: Business transactions conducted by internet; physical presence not required

9 Oct - Brazil: São Paulo state’s taxpayer compliance program

9 Oct - Costa Rica: Updates to income tax brackets for 2019

1 Oct - Canada: Tentative trade deal with United States and Mexico

April 2018

29 Apr - Argentina: Withholding tax, income of foreign beneficiaries from Argentine shares, debt instruments

27 Apr - Canada: Tax facts, taxation overview (updated 31 March 2018)

25 Apr - Canada: Digital tax credit in Alberta

25 Apr - Canada: Nova Scotia budget receives Royal Assent, includes all tax measures

25 Apr - Canada: Update on tax legislation in British Columbia

24 Apr - Barbados: Income tax treaty with Italy, effective 2018

24 Apr - Panama: Income tax treaty with Italy, effective 2018

23 Apr - Mexico: New trade agreement with EU

20 Apr - Chile: Effective date for VAT changes; other developments

18 Apr - Canada: Businesses in British Columbia required to impose PST on delivery charges

18 Apr - Canada: Real estate taxes; relief from speculation tax in British Columbia

17 Apr - Brazil: Tax compliance program (São Paulo)

12 Apr - Argentina: Guidance on tax treatment of financial income earned by foreign beneficiaries

12 Apr - Canada: GST/HST and QST returns for selected listed financial institutions with 31 December year-end due 30 June 2018

12 Apr - Canada: Insurance companies must issue refunds of Saskatchewan provincial sales tax to policyholders by 30 June 2018

11 Apr - Canada: Saskatchewan 2018 budget; no corporate tax rate change, but changes for individual taxation and dividend tax credit

10 Apr - Canada: Nova Scotia budget bill receives first reading

9 Apr - Canada: Prince Edward Island budget, reduced small business tax rate

9 Apr - Canada: Proposal to require businesses outside Quebec to register for and collect QST beginning 1 January 2019

4 Apr - Canada: Federal budget bill receives first reading; small business tax rate reduction, tax on split income

4 Apr - Canada: Ontario tax bill receives first reading; corporate income tax measures

March 2018

29 Mar - Canada: General partners of investment limited partnerships, remit GST/HST by 31 March 2018

29 Mar - Canada: Ontario’s 2018 budget; changes to individual income tax rates and corporate tax credits

29 Mar - Panama: Reminder of due dates for filing returns, paying taxes

28 Mar - Brazil: ICMS imposed on electronic commerce, digital goods (São Paulo)

27 Mar - Canada: Quebec budget includes small business tax relief, QST on e-commerce transactions

27 Mar - Canada: Newfoundland and Labrador budget, no tax rate changes

27 Mar - Dominican Republic: Tax returns modified, identifying ultimate “beneficial owner”

23 Mar - Canada: Alberta 2018 budget; no tax rate changes, extensions of tax credits

21 Mar - Canada: British Columbia 2018 budget bill receives Royal Assent; includes measures affecting corporate tax credits

20 Mar - Canada: No changes to tax rates in Nova Scotia 2018 budget; tax credit changes proposed

20 Mar - Brazil: Guidelines for information relating to tax credits, benefits

20 Mar - Panama: Overview of Authorized Economic Operator (AEO) program

19 Mar - Dominican Republic: Tax authorities requesting transfer pricing studies, verifying interest deductibility of related-party transactions

15 Mar - Jamaica: Tax return deadline extended to 24 March 2018

13 Mar - Bahamas, Saint Kitts and Nevis, U.S. Virgin Islands: Jurisdictions added to EU “blacklist”

13 Mar - Brazil: Due dates and schedules for large companies to report labor, employment actions

13 Mar - Brazil: Increased rate of tax, foreign exchange transfers

13 Mar - Canada: Proposed shortened (six-month) deadline to file information returns about foreign affiliates; possible challenges for multinational corporations

13 Mar - Canada: Tax measures in 2018 Manitoba budget; no changes to corporate or individual tax rates

12 Mar - Dominican Republic: New “tax receipt” rules effective May 2018

12 Mar - Mexico: Maquila or “sub-maquila”

8 Mar - Bermuda: Tax measures in budget 2018-2019

7 Mar - Panama: Relief from municipal taxes in Panama-Pacific special economic zone

2 Mar - Canada: New real estate tax measures in British Columbia; implications for real estate developers

1 Mar - Canada: 2018 federal budget measures affecting financial services sector

May 2017

31 May - Brazil: New immigration law

31 May - Canada: Cash purchase tickets consultation extended to 24 July 2017

31 May - Canada: Manitoba 2017 budget bill receives first reading

30 May - Barbados: Tax proposals included in 2017 budget

24 May - Canada: Alberta 2017 budget bill receives first reading

24 May - Canada: Proposed delay of application of PST to insurance premiums in Saskatchewan

24 May - Mexico: Reminder of deadline, permanent establishments under IMMEX program

24 May - Canada: Canadian corporations operating in United States targeted by IRS auditors

24 May - Canada: First reading, Ontario’s foreign buyers tax bill

24 May - Canada: Ontario 2017 budget bill receives Royal Assent

24 May - Canada: Saskatchewan 2017 budget bill receives Royal Assent

23 May - Canada: Reminder for insurers; deadline for GST/HST recovery paid and related to cross-border reinsurance with affiliates

19 May - Canada: Deadline for missed input tax credits of financial institutions for 2014—30 June 2017

19 May - Canada: Update on trade agreement with EU, would eliminate tariffs

18 May - Mexico: Online digital tax voucher

18 May - Canada: GST information returns of financial institutions due 30 June

17 May - Canada: New Brunswick budget bill receives Royal Assent

16 May - Canada: New QST rules, financial institutions in Quebec

16 May - Canada: R&D tax credit, patent box in Saskatchewan

12 May - Canada: CRA reviewing voluntary disclosures program

10 May - Mexico: Update on taxpayers’ “electronic accounting” requirements

10 May - Canada: 2017 budgets in Yukon, Northwest Territories, Nunavut
are tabled

10 May - Canada: Farming and fishing corporations eligible for small business deduction

10 May - Canada: Quebec’s efforts for harmonization with proposed federal legislation

3 May - Canada: Prescribed income tax interest rates unchanged (third quarter 2017)

3 May - Canada: Prescribed PLOI interest rate increase (third quarter 2017)

2 May - Costa Rica: Electronic invoices issued in foreign language, other currencies

April 2017

28 Apr - Canada: Tax measures in 2017 budget, Ontario

27 Apr - Canada: Tax measures in 2017 budget, Nova Scotia

26 Apr - Canada: CRA to hold refunds for GST non-compliance starting May 2017

26 Apr - Canada: Saskatchewan 2017 budget bill receives first reading

20 Apr - Canada: Ontario property tax for foreign buyers

19 Apr - Canada: Federal budget 2017 receives first reading

19 Apr - Canada: Saskatchewan capital tax bill receives Royal Assent

19 Apr - Canada: Transfer tax relief for foreign homebuyers in British Columbia

13 Apr - Bolivia: Increased tax rate on certain financial intermediary entities

13 Apr - Canada: Reminder of 30 April deadline, 10% tax on cross-border
insurance premiums

13 Apr - Canada: Saskatchewan capital tax rate increase for large financial institutions

13 Apr - Canada: Tax measures in federal budget bill as draft legislation

13 Apr - Canada: Transition time extended for registered charities

13 Apr - Mexico: Taxpayers must file information declaration of “preferential tax regimes”

12 Apr - Panama: Refunds of excess tax on imported merchandise

12 Apr - Panama: Tax credits for computer equipment and software, application due date extended to 30 April

12 Apr - Canada: Tax provisions in Manitoba’s 2017 budget

10 Apr - Canada: Tax provisions in 2017 budget, Prince Edward Island

5 Apr - Canada: Nova Scotia small business income threshold increased

5 Apr - Canada: Tax measures in New Brunswick 2017 budget

5 Apr - Dominican Republic: List of goods and services not VAT exempt

3 Apr - Canada: Stock option deduction increased in Quebec

3 Apr - Chile: FUT substitute election payments due 30 April

February 2017

24 Feb - Jamaica: Free zone tax benefits available through 2019

24 Feb - Uruguay: Decree clarifies definitions of low-tax, no-tax jurisdictions

21 Feb - Brazil: Special customs regime, processing goods for export

21 Feb - Canada: Quebec budget bill (2016) enacted

21 Feb - Canada: Tax measures in British Columbia budget for 2017

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal