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International Tax Newsletter: Americas

Americas

International Tax Newsletter

International Tax Americas November 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 November and 30 November 2019.

 

Canada

Dominician Republic 

US

Chile

Mexico

 

Columbia Trinidad Tobaqo  

 

For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.

To contact the International Tax Team email internationaltax@kpmg.com.

To register for the International Tax webcasts, click here.

International Tax Newsletter: Americas

Canada



  Tax area concerned Relevant date Description of measures and publication link
Tax legislation approved and regulatory update Reporting requirements / Tax compliance  1 May 2020 Rules in British Columbia that largely mirror the federal corporate “significant control” reporting requirements will be effective 1 May 2020. Read more
Tax legislation approved and regulatory update Small business tax  November 2019 The Minister of Finance in Ontario announced that the small business tax rate in Ontario for 2020 will decrease to 3.2% (down from 3.5%). Read more
Other  Individual taxation  November 2019  Individuals subject to tax in Canada may want to assess their finances and consider their tax position for 2019. Read more
    
 

Chile


Tax area concerned Relevant date Description of measures and publication link

Proposed legislation 

Tax measure

November 2019 

Chile’s government and the main opposition parties reached an agreement on principles to govern tax measures for raising tax revenues in response to anti-government demonstrations and strikes affecting Chile for the past weeks. Read more

Colombia


Tax area concerned Relevant date Description of measures and publication link

Proposed legislation 

Growth promotion bill

November 2019 

A bill submitted by the government to the legislature is intended to promote economic growth. Read more

Dominican Republic


Tax area concerned Relevant date Description of measures and publication link

Tax legislation approved and regulatory update

Budget 2020    

November 2019

Following the introduction of the general budget bill for 2020, several tax-related actions are anticipated. Read more

Mexico


Tax area concerned Relevant date Description of measures and publication link

Tax legislation approved and regulatory update

Tax reform 

October 2019

The Mexican Congress in late October 2019 passed tax reform legislation for 2020. Read more

Trinidad and Tobago


Tax area concerned Relevant date Description of measures and publication link

Proposed legislation 

Budget 2020 

October 2019

The 2020 budget, as presented in October 2019, included items that focused on incentives for energy companies, the agricultural sector, life insurance companies, and on the social welfare of citizens.  Read more  

United States


Tax area concerned Relevant date Description of measures and publication link

 

 

 

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

Read TaxNewsFlash US

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