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June 15, 2020
2020-5867

Americas Tax Roundup 15 June 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 Trade Representative publishes USMCA uniform regulations chapters as trade prepares for 1 July entry into force 
  • Colombia establishes additional COVID-19 tax measures during second state of emergency
  • Colombia issues new thin capitalization regulations
  • Colombian tax authority clarifies that profits distributed by a Colombian branch to its home office in Spain are not dividends
  • Argentina further extends due dates for transfer pricing filings
  • Puerto Rico establishes procedure for distributing COVID-19 economic incentives to small and medium-sized businesses
  • OECD releases the ‘Platform for Collaboration on Tax’ toolkit on taxation of offshore indirect transfers of assets
  • US Cross-Border Taxation weekly podcast, 12 June 2020
  • This week’s treaty news
  • The week’s international EY Tax Alerts
  • EY Industry and Tax Services news

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ATTACHMENTS

English version - Americas Tax Roundup – 15 June 2020

Spanish version - Americas Tax Roundup – 15 June 2020

 
 

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.

 

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