International Tax Newsletter: Americas

International Tax Americas April 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 April and 30 April 2019.

Barbados	Costa Rica	Mexico
Canada		United States

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Barbados

Proposed legislation

Budget

20 March 2019

The Prime Minister delivered the 2019 Budget Address in the House of Assembly.

Canada

Tax legislation and regulatory update	Corporate income tax	12 April 2019	Nova Scotia Bills 136 and 139 received Royal Assent. These two bills include all of the income tax measures that were recently announced in the province's recent 2019 budget. Read more
Tax legislation approved and regulatory update	Labor tax credit	2019	Canadian news organizations may be able to benefit from a new labor tax credit that takes effect in 2019. Read more
Tax legislation approved and regulatory update	Tax credits	16 April 2019	Bill introduces three non-refundable tax credits announced in the 2019 provincial budget. Read more.
Tax legislation approved and regulatory update	Various tax areas	11 April 2019	Two British Columbia bills recently received Royal Asset. One bill enacts measures from the province’s budget, the other introduces a new LNG tax credit. Read more.
Proposed legislation	Budget	16 April 2019	Newfoundland and Labrador’s Finance Minister Tom Osborne delivered the province’s 2019 budget. Read more.
Proposed legislation	Budget	11 April 2019	Ontario’s Finance Minister Vic Fedeli delivered the province’s 2019 budget. Read more.
Proposed legislation	Estate tax	16 April 2019	Ontario announces childcare credit and estate tax changes. Read more
Proposed legislation	Tracking arrangement rules	29 March 2019	Canadian investors and the Canadian investment industry will be interested in recent comments by Finance on the tracking arrangement rules. Read more.
Proposed legislation	Various tax areas	8 April 2019	Bill C-97 received first reading. The bill contains selected measures announced in the 2019 budget as well as the accelerated CCA measures announced in the Fall Economic Update and other previously announced measures. Read more.

Costa Rica

Tax legislation approved and regulatory update

Ultimate beneficial owner

5 April 2019

KPMG in Costa Rica prepared a report that briefly describes recent developments, including a transparency and ultimate beneficial owner registry.

Read more.

Mexico

Tax legislation approved and regulatory update

Tax incentives/ VAT

28 March 2019

The tax administration announced various tax-related measures—including an extension of VAT incentives in the “northern border region.”

Read more.

Tax legislation approved and regulatory update

Tax amnesty

16 April 2019

A program that provides for the disclosure and resolution of unsettled income tax obligations, under what might be described as “tax amnesty,” was announced in the official gazette.