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04 May 2020

Americas Tax Roundup – 4 May 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:

  • COVID-19 relief measures continue throughout Americas
  • US CARES Act provides relief for multinational private companies and individuals with business losses; US IRS clarifies interaction of NOL carryback provisions and Section 965 transition tax
  • Uruguay extends tax return filing and payment deadlines and authorizes tax-free importation of certain medical supplies
  • Puerto Rico requires employers to notify certain employees of the availability of unemployment insurance due to COVID-19
  • US publishes USMCA Interim Implementation Instructions
  • Peru amends rules on indirect transfers of shares and modifies requirements for deducting ‘wasted goods’ for income tax purposes
  • Uruguay’s Ministry of Economy and Finance submits bill to reduce the rural real estate contribution rate 

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ATTACHMENTS

English version - Americas Tax Roundup – 4 May 2020

Spanish version - Americas Tax Roundup – 4 May 2020

Document ID: 2020-5673

 
 

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