Americas — International Tax Newsletter

International Tax Americas August 2025

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Americas Regions between 1 August and 31 August 2025.

Argentina	Barbados
Bermuda	Brazil
Canada	Chile
Colombia	Costa Rica
Panama	Saint Lucia
Venezuela

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.

Rodney Lawrence

Head of Consulting for Strategic Corporates, Tax & Legal

KPMG International

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Argentina

Argentina
Tax legislation approved and regulatory update	Indirect tax	25 August 2025	Simplified pre-filled Value Added Tax (VAT) return system introduced. Read more.

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Antigua and Barbuda

Barbados

Barbados
Tax legislation approved and regulatory update	Various tax topics	11 August 2025	Guidance on implementation of amended Common Reporting Standard (CRS). Read more.

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Antigua and Barbuda

Bermuda

Bermuda
Tax legislation approved and regulatory update	Income tax	06 August 2025	Corporate income tax regulations. Read more.

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Brazil

Brazil
Tax legislation approved and regulatory update	Indirect tax	20 August 2025	Updated e-invoicing layout to align with tax reform 2026 (São Paulo City). Read more.
Administrative and case law	Indirect tax	11 August 2025	Brazil requests World Trade Organization (WTO) dispute consultations over U.S. tariff measures. Read more.
Tax legislation approved and regulatory update	Treaties	08 August 2025	Senate Approves Brazil-Poland Income Tax Treaty. Read more.
Proposed legislation	Indirect tax	04 August 2025	New updates to e-invoicing layouts. Read more.

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Canada

Canada
Proposed legislation	Various tax topics	22 August 2025	Finance releases draft tax legislation package, including global minimum tax and excise tax changes. Read more.

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Chile

Chile
Tax legislation approved and regulatory update	Indirect tax	22 August 2025	Procedure for registration in simplified Value Added Tax (VAT) regime and other direct and indirect tax developments. Read more.
Proposed legislation	Income tax	01 August 2025	Government Tables New Tax Reform Project. Read more.

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Colombia

Colombia
Proposed legislation	Income tax	18 August 2025	Applications open for research, development, and innovation projects eligible for tax benefits. Read more.
Proposed legislation	Various tax topics	14 August 2025	Tax reform proposals (Bogotá). Read more.

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Costa Rica

Costa Rica
Tax legislation approved and regulatory update	Various tax topics	18 August 2025	Resolution on Common Reporting Standard (CRS) due diligence and compliance amendments. Read more.

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Panama

Panama
Administrative and case law	Tax compliance	28 August 2025	Updating tax identification number information required for all taxpayers by December 31. Read more.
Tax legislation approved and regulatory update	Treaties	22 August 2025	Extended Deadlines for Tax Treaty Benefit Claims Eliminated. Read more.

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Saint Lucia

Saint Lucia
KPMG publication	Various tax topics	25 August 2025	Updated Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) guidance. Read more.

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Venezuela

Venezuela
Tax legislation approved and regulatory update	Indirect tax	12 August 2025	Changes to Value Added Tax (VAT) exemptions and designation of VAT withholding agents. Read more.

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