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30 March 2020

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

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ATTACHMENTS

Americas Tax Roundup – 30 March 2020 - English version

Americas Tax Roundup – 30 March 2020 - Spanish version

Document ID: 2020-5484

 
 

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