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.
Barbados
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Barbados |
|||
Tax legislation approved and regulatory update |
Tax compliance |
23 August 2023 |
Further extension of FATCA and Common reporting standards filing deadline to 8 September 2023. Read more. |
Bermuda
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
| Bermuda | |||
Proposed legislation |
Income tax |
25 August 2023 |
KPMG report: Potential U.S. tax implications of proposed Bermuda corporate income tax. Read more. |
Tax legislation approved and regulatory update |
BEPS |
09 August 2023 |
Implementation of corporate income tax within scope of Pillar Two global minimum tax rules. Read more. |
Canada
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Canada |
|||
Tax legislation approved and regulatory update |
Tax compliance |
25 August 2023 |
Updated FATCA and Common Reporting Standard (CRS) guidance. Read more. |
Proposed legislation |
Income tax |
25 August 2023 |
Details of changes to Alternative minimum tax rules in draft legislation. Read more. |
Proposed legislation |
Indirect tax |
23 August 2023 |
Details of draft revised digital service tax rules. Read more. |
Proposed legislation |
Income tax |
18 August 2023 |
Details of clean economy incentives in draft legislation. Read more. |
Proposed legislation |
Income tax |
15 August 2023 |
Details of draft revised excessive interest and financing expenses limitation rules. Read more. |
Proposed legislation |
BEPS |
14 August 2023 |
Draft legislation includes Pillar Two rules and revised digital service tax and excessive interest and financing expenses limitation rules. Read more. |
Tax legislation approved and regulatory update |
Income tax |
14 August 2023 |
Prescribed rates of interest for income tax, pertinent loan or indebtedness purposes (fourth quarter 2023). Read more. |
Saint Lucia
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Saint Lucia |
|||
Tax legislation approved and regulatory update |
Tax compliance |
17 August 2023 |
Updated Common Reporting Standards (CRS) guidance. Read more. |
Venezuela (Bolivarian Republic)
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Venezuela (Bolivarian Republic) |
|||
Tax legislation approved and regulatory update |
Various tax topics |
08 August 2023 |
Law for coordination and harmonization of tax powers of states and municipalities. Read more. |
United States
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
United States |
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|
|
|
For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States. |
Anguilla
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Anguilla |
|||
Tax legislation approved and regulatory update |
Tax Compliance |
28 August 2023 |
Suspension of tax information exchange with Russia and Belarus. Read more. |
Brazil
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Brazil |
|||
Tax legislation approved and regulatory update |
Tax compliance |
22 August 2023 |
Changes in accounting and tax treatment of credit losses. Read more. |
Costa Rica
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Costa Rica |
|||
Tax legislation approved and regulatory update |
Income tax |
28 August 2023 |
Guidance on employment requirement for taxation of capital income under corporate income tax provisions. Read more. |
Proposed legislation |
Income tax |
11 August 2023 |
Draft bill on taxation of passive income. Read more. |
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