Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

March 30, 2020
2020-5484

Americas Tax Roundup 30 March 2020

EY’s Americas Tax Roundup newsletter, prepared by EY Global Tax, provides a summary of the top weekly tax news, trends and developments in the Americas.

Highlights of this week’s edition include:

  • US passes $2 trillion relief legislation and announces trade guidance related to COVID-19; EY US launches tax-specific COVID-19 site on ey.com 
  • Argentina announces emergency measures to address economic impact of COVID-19  
  • Canada announces new guidance on federal Economic Response Plan and introduces federal wage subsidy program, while additional measures are announced by Ontario, Quebec, British Columbia, Atlantic provinces, and Saskatchewan
  • Colombia issues COVID-19 tax measures
  • Costa Rican government enacts law to mitigate the tax and economic impact of COVID-19
  • Guatemala issues measures to stem the spread of COVID-19, will address tax and electronic tool queries via email, and announces measures related to the transport of private company personnel
  • Panama declares a ‘state of national emergency’, extends tax amnesty, establishes immigration controls, allows for temporary suspension of employment contracts, suspends tax administrative proceedings, establishes additional sanitary measures, and temporarily closes certain establishments
  • Peru implements tax measures due to COVID-19
  • Puerto Rico grants additional extensions due to COVID-19, including 2019 informative returns filing
  • EY Tax Stimulus Tracker available for keeping up with global COVID-19 responses
  • New EY Immigration COVID-19 Response Tracker launched to follow global immigration responses
  • Canada completes final ratification of the USMCA; Implementation targeted for 1 June 2020
  • Peruvian tax authority establishes procedure for reporting certain information required for claiming the indirect foreign tax credit
  • Brazil's Superior Court of Justice extends 'Reintegra' tax benefit to sales of goods destined to the Manaus Free Trade Zone
  • Puerto Rico Oversight Board wants the Commonwealth to become manufacturing center of US products
  • Canada: Manitoba budget 2020-21 tabled

__________________________

ATTACHMENTS

Americas Tax Roundup – 30 March 2020 - English version

Americas Tax Roundup – 30 March 2020 - Spanish version

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 2023, Ernst & Young LLP.

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct