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.
Argentina
Tax area concerned | Relevant date | Description of measures and publication link | |
Argentina | |||
Tax legislation approved and regulatory update | Treaties | 04 November 2024 | Updates on Treaties with Luxembourg, Austria, Türkiye, and People’s Republic of China. Read more. |
Bahamas
Tax area concerned | Relevant date | Description of measures and publication link | |
Bahamas | |||
Proposed legislation | BEPS Pillar 2 | 12 November 2024 | Proposed Pillar Two legislation. Read more. |
Barbados
Tax area concerned | Relevant date | Description of measures and publication link | |
Barbados | |||
Tax legislation approved and regulatory update | Transfer pricing | 20 November 2024 | Filing extension for country-by-country notifications, other tax developments. Read more. |
Brazil
Tax area concerned | Relevant date | Description of measures and publication link | |
Brazil | |||
Proposed legislation | Tax compliance | 22 November 2024 | Consultation on draft guidance implementing cryptoasset reporting. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 05 November 2024 | Updated layout for Value Added Tax (VAT) and excise tax returns. Read more. |
Canada
Tax area concerned | Relevant date | Description of measures and publication link | |
Canada | |||
Proposed legislation | Various tax topics | 22 November 2024 | Tax provisions in 2024 fall economic update (Quebec). Read more. |
Proposed legislation | Indirect tax | 22 November 2024 | Proposed temporary goods and services tax / harmonized sales tax exemption on consumer goods. Read more. |
Tax legislation approved and regulatory update | Income tax | 12 November 2024 | Year-end tax considerations for company owners, managers. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 01 November 2024 | Direct and indirect tax measures in 2024 Fall Economic Update (Ontario). Read more. |
Chile
Tax area concerned | Relevant date | Description of measures and publication link | |
Chile | |||
Tax legislation approved and regulatory update | Various tax topics | 21 November 2024 | Tax treatment of transfer of invoices to United States resident company, other direct and indirect tax developments. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 04 November 2024 | Amendments to transfer pricing rules. Read more. |
Colombia
Tax area concerned | Relevant date | Description of measures and publication link | |
Colombia | |||
Tax legislation approved and regulatory update | Indirect tax | 20 November 2024 | Tax authority issues guidance on application significant economic presence rule. Read more. |
Tax legislation approved and regulatory update | Income tax | 07 November 2024 | Obligation to generate electronic payroll payment support document for payments in kind. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 06 November 2024 | E-invoice requirements for tax deductions in credit operations. Read more. |
Costa Rica
Tax area concerned | Relevant date | Description of measures and publication link | |
Costa Rica | |||
Tax legislation approved and regulatory update | Indirect tax | 20 November 2024 | New technical provisions for e-invoices. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 12 November 2024 | Electronic invoicing regulations. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 08 November 2024 | Automatic exchange of information for sellers on digital platforms. Read more. |
Dominican Republic
Tax area concerned | Relevant date | Description of measures and publication link | |
Dominican Republic | |||
Proposed legislation | Indirect tax | 19 November 2024 | Proposed legislation to repeal exemptions from tax on issuance of checks and electronic transfers. Read more. |
El Salvador
Tax area concerned | Relevant date | Description of measures and publication link | |
El Salvador | |||
Tax legislation approved and regulatory update | Tax compliance | 12 November 2024 | Guidance to identify low or no taxation jurisdictions. Read more. |
Mexico
Tax area concerned | Relevant date | Description of measures and publication link | |
Mexico | |||
Proposed legislation | Various tax topics | 20 November 2024 | Economic package includes tax incentive modifications. Read more. |
Panama
Tax area concerned | Relevant date | Description of measures and publication link | |
Panama | |||
Tax legislation approved and regulatory update | Various tax topics | 07 November 2024 | Tax amnesty for payment of national taxes. Read more. |
Saint Vincent and the Grenadines
Tax area concerned | Relevant date | Description of measures and publication link | |
Saint Vincent and the Grenadines | |||
Tax legislation approved and regulatory update | Various tax topics | 27 November 2024 | Saint Vincent and the Grenadines: Tax reform measures effective January 2025. Read more. |
Trinidad and Tobago
Tax area concerned | Relevant date | Description of measures and publication link | |
Trinidad and Tobago | |||
Proposed legislation | Various tax topics | 27 November 2024 | Tax amnesty proposal in Finance Bill 2024. Read more. |
United States
Tax area concerned | Relevant date | Description of measures and publication link | |
United States | |||
|
| For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States. | |
