International Tax Newsletter - Americas

Americas Region

June 2018

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Americas region between 1 June and 30 June 2018.

Brazil	Canada	Colombia
Mexico	United States

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

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

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Brazil

Tax legislation approved and regulatory update

Sales Tax - 27 June 2018

The State of São Paulo published guidance concerning the ICMS withholding rules and the system available for certain refunds of ICMS withheld.

Social security - June 2018

Guidance published in June 2018 provides rules relating to tax refunds and the interaction with social security liabilities.

Canada

Tax legislation approved and regulatory update

Tax incentives - 30 May 2018

Saskatchewan budget bill receives Royal Assent. It introduces two non-refundable tax credits that were announced in Saskatchewan's 2018 provincial budget - the Saskatchewan Technology Start-up Incentive and the Saskatchewan Value-added Agriculture Incentive.

Tax incentives - 11 June 2018

Digital media tax credit bill in Alberta receives Royal Assent which includes measures to introduce the Interactive Digital Media Tax Credit and modify the Alberta Investor Tax Credit, as described in the 2018 provincial budget.

Various tax areas - 12 June 2018

P.E.I. Bill 33 received Royal Assent 12 June 2018. This bill includes some tax measures that were introduced in the province's 2018 budget.

Various tax areas - 21 June 2018

Bill C-74 received Royal Assent on 21 June 2018. This bill implements the passive investment income tax rules and the new tax on split income rules, among several other measures that were announced in the 2018 federal budget.

Various tax areas - 5 June 2018

Yukon, the Northwest Territories and Nunavut recently tabled their 2018 budgets. There are no changes to corporate or personal income tax rates in any of these budgets.

Proposed legislation

Customs duties - 1 June 2018

Many Canadian importers and exporters face new U.S. tariffs, beginning as early as 1 June 2018. In response to the new tariffs, Canada has announced its own countermeasures to impose surtaxes on imports of steel, aluminum, and other various products.

MLI - 1 June 2018

Finance recently indicated that Canada will adopt additional provisions to apply to the multilateral instrument (MLI) that are set to modify a significant portion of Canada's international tax treaties.

Administrative and case law

Sales tax - 21 June 2018

Canadian companies doing business in the United States will soon have to meet expanded requirements of U.S. states' sales tax laws, due to the decision in a recent U.S. Supreme Court case. The case is: South Dakota v. Wayfair.

Colombia

Proposed legislation

VAT / Tax compliance - 8 June 2018

The Colombian tax authorities have proposed regulations concerning rules for VAT registration and compliance by non-resident service providers—including providers of digital services.