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
Argentina | |||
Tax legislation approved and regulatory update | Transfer pricing | 29 October 2025 | Updates to reporting requirements for cross-border transactions. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 13 October 2025 | Special refund procedure for overpaid Tax for an Inclusive and Solidary Argentina (PAIS) on purchases of foreign currency. Read more. |
Bahamas
Bahamas | |||
Tax legislation approved and regulatory update | Tax compliance | 10 October 2025 | Foreign Account Tax Compliance Act (FATCA) and common reporting standard (CRS) reporting deadlines. Read more. |
Barbados
Barbados | |||
Tax legislation approved and regulatory update | Tax compliance | 22 October 2025 | Guidance on collection of tax identification numbers (TINs) under common reporting standard (CRS). Read more. |
Brazil
Brazil | |||
Tax legislation approved and regulatory update | Indirect tax | 13 October 2025 | Exclusion of goods from Imposto sobre Circulação de Mercadorias e Serviços tax substitution (ICMS-ST) regime starting in 2026 (São Paulo). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 02 October 2025 | Standard reference for classifying services for e-invoicing. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 02 October 2025 | New guidelines for indirect tax reporting. Read more. |
Canada
Canada | |||
Tax legislation approved and regulatory update | Tax compliance | 17 October 2025 | Canada Revenue Agency (CRA) Updates Voluntary Disclosures Program (VDP). Read more. |
Chile
Chile | |||
Administrative and case law | Income tax | 15 October 2025 | Clarification on Tax Treatment of Severance Payments to Shareholder-Employees. Read more. |
Colombia
Colombia | |||
Administrative and case law | Indirect tax | 30 October 2025 | Concession contracts and public-private partnership (PPP) schemes not subject to stamp tax. Read more. |
Administrative and case law | Treaties | 24 October 2025 | Dirección de Impuestos y Aduanas Nacionales (DIAN) Clarifies Interest Taxation for Portugal Residents under Colombia-Portugal Treaty. Read more. |
Tax legislation approved and regulatory update | Tax Compliance | 24 October 2025 | Amended rules for filing foreign exchange information. Read more |
Tax legislation approved and regulatory update | Various tax topics | 17 October 2025 | Expanded list of energy projects eligible for tax benefits. Read more. |
Tax legislation approved and regulatory update | Trade & Customs | 16 October 2025 | Requirements for authorized economic operator (AEO) qualification. Read more |
Tax legislation approved and regulatory update | Tax compliance | 15 October 2025 | Updated reporting obligations for digital platforms. Read more. |
Administrative and case law | Income tax | 08 October 2025 | Individuals may apply for Value Added Tax (VAT) benefits on acquisition of hybrid or electric vehicles for personal use. Read more. |
Administrative and case law | Income tax | 01 October 2025 | Social welfare standards for exemption held unconstitutionally vague. Read more. |
Costa Rica
Costa Rica | |||
Tax legislation approved and regulatory update | Indirect tax | 13 October 2025 | Procedures for determining tax base, calculating taxes on tobacco products. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 07 October 2025 | Adjustments to deadlines and procedures ahead of launch of new digital tax platform. Read more. |
Dominica
Dominica | |||
Proposed legislation | Various tax topics | 14 October 2025 | Tax measures in 2025-2026 budget include extension of Value Added Tax exemptions on essential food items. Read more. |
Mexico
Mexico | |||
KPMG publication | Tax compliance | 28 October 2025 | KPMG article: Mexico’s Supreme Court clarifies tax refund procedures, deadlines. Read more. |
Tax legislation approved and regulatory update | Income tax | 22 October 2025 | Weather-related tax relief for taxpayers in Hidalgo. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 20 October 2025 | Changes to tax controversy rules. Read more. |
Administrative and case law | Various tax topics | 03 October 2025 | Alternative dispute resolution (ADR) mechanisms for resolving tax disputes. Read more. |
Panama
Panama | |||
Tax legislation approved and regulatory update | Treaties | 09 October 2025 | Modification to deadlines for correcting applications for income tax treaty benefits. Read more. |
Saint Lucia
Saint Lucia | |||
Tax legislation approved and regulatory update | Indirect tax | 26 September 2025 | Waiver of 6% service charge tax on essential goods. Read more. |
Trinidad and Tobago
Trinidad and Tobago | |||
Proposed legislation | Various tax topics | 15 October 2025 | Tax measures in 2026 budget. Read more. |
United Nations
United Nations | |||
Proposed legislation | Transfer pricing | 28 October 2025 | United Nations (UN) releases draft template of model tax treaty. Read more. |
Uruguay
Uruguay | |||
Tax legislation approved and regulatory update | Indirect tax | 24 October 2025 | Reduction in specific internal tax (IMESI) on gasoline sales at border crossings. Read more. |
Tax legislation approved and regulatory update | Income tax | 24 October 2025 | Changes to valuation of rural properties for purposes of wealth tax (IP). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 24 October 2025 | Simplified customs procedure allows exemption for small retail businesses from Value Added Tax (VAT) and specific internal tax. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 22 October 2025 | Common reporting standards (CRS) reporting deadline extended to November 30, 2025. Read more. |
Proposed legislation | Income tax | 21 October 2025 | Income tax proposals in draft budget bill 2025-2029. Read more. |
Proposed legislation | Tax compliance | 21 October 2025 | Proposed changes to tax transparency measures in budget bill. Read more. |
Proposed legislation | Indirect tax | 21 October 2025 | Proposed changes to international purchase regime in budget bill. Read more. |
Virgin Islands (British)
Virgin Islands (British) | |||
Tax legislation approved and regulatory update | Various tax topics | 28 October 2025 | Implementation of common reporting standard 2.0 (CRS 2.0) and Crypto-Asset Reporting Framework. Read more. |
