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.
Antigua and Barbuda
Antigua and Barbuda | |||
Proposed legislation | Indirect tax | 08 December 2025 | Planned electronic invoicing (e-invoicing) system to enhance tax compliance. Read more. |
| Tax legislation approved and regulatory update | Income tax | 02 December 2025 | Termination of all existing tax concessions from November 30, 2025. Read more |
Argentina
Argentina | |||
Tax legislation approved and regulatory update | Transfer pricing | 19 December 2025 | Changes to transfer pricing regimes, amendments to system for issuing receipts using “fiscal controllers”. Read more |
| KPMG publication | Indirect tax | 02 December 2025 | Recent indirect tax developments. Read more |
Barbados
Barbados | |||
KPMG publication | Various tax topics | 19 December 2025 | Caricom: 2026 tax calendar (Barbados, Jamaica, Saint Lucia, Trinidad and Tobago). Read more |
| Tax legislation approved and regulatory update | Various tax topics | 04 December 2025 | Updated common reporting standard (CRS) frequently asked questions (FAQs). Read more |
Brazil
Brazil | |||
Proposed legislation | Various tax topics | 09 December 2025 | Implementation of Declaração de Criptoativos (DeCripto) for cryptoasset reporting under cryptoasset reporting framework (CARF). Read more. |
Canada
Canada | |||
Tax legislation approved and regulatory update | Trade & customs | 11 December 2025 | Temporary remission of tariffs on certain steel imports to end January 31, 2026. Read more. |
Cayman Islands
Cayman Islands | |||
Tax legislation approved and regulatory update | Various tax topics | 19 December 2025 | Regulations to implement crypto-asset reporting framework (CARF) and common reporting standard (CRS) 2.0 Scheduled. Read more. |
Chile
Chile | |||
Tax legislation approved and regulatory update | Tax compliance | 03 December 2025 | Tax compliance confirmation process for platforms and payment service providers. Read more. |
Costa Rica
Costa Rica | |||
Tax legislation approved and regulatory update | Indirect tax | 11 December 2025 | Adjustment of Value added Tax (VAT) reporting to minimize accounting impact from contingency measures. Read more. |
| Tax legislation approved and regulatory update | Indirect tax | 11 December 2025 | Guidelines for application of fiscal stamp. Read more. |
| Tax legislation approved and regulatory update | Income tax | 04 December 2025 | Amendments to simplified tax regime (RTS) regulations. Read more |
| Tax legislation approved and regulatory update | Indirect tax | 04 December 2025 | Reduced excise taxes on beverages and perfumed soap. Read more |
| Tax legislation approved and regulatory update | Indirect tax | 04 December 2025 | Updates to TRIBU-CR system for excise taxes, real estate capital gains withholding, and transfer pricing return due dates. Read more |
El Salvador
El Salvador | |||
Tax legislation approved and regulatory update | Various tax topics | 15 December 2025 | Guidance on preferential tax regimes and Form F-935 for reporting withholding taxes. Read more. |
Mexico
Mexico | |||
Tax legislation approved and regulatory update | Tax compliance | 31 December 2025 | Miscellaneous tax resolution for FY2026. Read more. |
Tax legislation approved and regulatory update | Trad & Customs | 11 December 2025 | Extension of transition period for value declaration, proposed import tariffs. Read more. |
Tax legislation approved and regulatory update | Income tax | 10 December 2025 | Modifications to payroll electronic invoices. Read more. |
Panama
Panama | |||
Tax legislation approved and regulatory update | Various tax topics | 04 December 2025 | Guidance on FATCA, common reporting standard (CRS), and portal registration. Read more. |
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines | |||
Proposed legislation | Various tax topics | 02 December 2025 | Various direct and indirect tax rate cuts announced. Read more. |
Uruguay
Uruguay | |||
Proposed legislation | Various tax topics | 11 December 2025 | Proposed common reporting standard (CRS 2.0) amendments. Read more. |
| Tax legislation approved and regulatory update | Indirect tax | 02 December 2025 | Temporary Value Added Tax (VAT) exemption for certain tourism services. Read more. |
Proposed legislation | Various tax topics | 02 December 2025 | Proposed amendments to budget proposals, including Pillar Two minimum tax. Read more. |
