International Tax Americas April 2022

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Americas Regions between 1 April and 30 April 2022.

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.

Bolivia

 

Tax area concerned

Relevant date

Description of measures and publication link

Bolivia

Tax legislation approved and regulatory update

Tax compliance

25 April 2022

Guidance that extends through 31 May 2022 the deadline for filing certain reports and statements relating to Corporate Income Tax for the tax period ended 31 December 2021 Read more.

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Brazil

 

Tax area concerned

Relevant date

Description of measures and publication link

Brazil

Proposed legislation

Transfer pricing

13 April 2022

Representatives of the government of Brazil and the OECD's Centre for Tax Policy and Administration to consider revisions to transfer pricing rules. Read more.

Proposed legislation

Transfer pricing

12 April 2022

Representatives of the government of Brazil (including the Minister of the Economy) and the OECD's Centre for Tax Policy and Administration met today, 12 April 2022, in Brasilia to consider revisions to Brazil's transfer pricing rules. Read more.

 

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Canada

 

Tax area concerned

Relevant date

Description of measures and publication link

Canada

Proposed legislation

Various tax topics

28 April 2022

Changes to corporate incentives in Saskatchewan reflect measures in the province's 2022 budget, as delivered on 23 March 2022. Read more.

Proposed legislation

Various tax topics

12 April 2022

Tax measures that may have important implications for financial institutions (including banks and insurance companies). Read more.

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Cayman Islands

 

Tax area concerned

Relevant date

Description of measures and publication link

Cayman Islands

Tax legislation approved and regulatory update

Income tax

13 April 2022

Enforcement guidelines related to the common reporting standard regime issued. Read more.

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Costa Rica

 

Tax area concerned

Relevant date

Description of measures and publication link

Costa Rica

Tax legislation approved and regulatory update

Tax administration

26 April 2022

Rules relating to the payment of tax obligations due beginning 18 April 2022. Read more.

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Mexico

 

Tax area concerned

Relevant date

Description of measures and publication link

Mexico

Tax legislation approved and regulatory update

Income tax

20 April 2022

Guidance with respect to the requirement for periodic reporting by subcontractors. Read more.

KPMG Publication

Transfer pricing

20 April 2022

An advance pricing agreement (APA) is no longer an alternative mechanism for resolving tax and transfer pricing obligations of maquiladora companies beginning 2022. Read more.

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Panama

 

Tax area concerned

Relevant date

Description of measures and publication link

Panama

Tax legislation approved and regulatory update

Tax compliance

20 April 2022

A list of reportable jurisdictions with which Panama must automatically exchange financial accounts information for tax purposes updated for 2022. Read more.

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United States

United States

 

 

 

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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