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10 August 2020

Americas Tax Roundup – 10 August 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
  • Brazil’s proposed federal VAT has implications for financial institutions, the insurance sector, and technology, media & entertainment, and telecom sectors
  • Mexico amends customs rules for 2020, impacting maquiladoras and others
  • US final and proposed regulations under IRC Section 163(j) narrow definition of business interest expense, expand anti-avoidance rules, and substantially revise rules for foreign corporations
  • Colombia issues regulation on deferring income from private equity or collective investment funds, as well as rules on permanent establishments
  • Uruguayan tax authority adjusts certain formalities relating to documentation of activities of taxpayers who are totally or partially exempt from taxes
  • Uruguay extends deadlines for certain estimated tax payments due to COVID-19
  • Uruguay further extends deadline for informing Central Bank of chain of ownership
  • Canada’s Department of Finance announces extension to incur flow-through qualifying expenditures
  • Canada: Alberta announces Innovation Employment Grant to support R&D and reignite technology investment
  • This week’s tax treaty news in the Americas
  • US Cross-Border Taxation weekly podcast, 7 August 2020
  • The week’s international EY Tax Alerts
  • EY Industry and Tax Services publications

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ATTACHMENT

Americas Tax Roundup – 10 August 2020

Document ID: 2020-6097

 
 

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