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10 January 2022

Americas Tax Roundup – 10 January 2022

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 foreign tax credit regulations revamp creditability rules for foreign income taxes and include several other key changes

  • Peru’s President enacts various tax measures

  • Peru publishes thin capitalization regulations

  • Ecuador’s new tax reform repeals exemption for interest paid on Government debt

  • Costa Rica's Tax Authority publishes new Income Tax Law Regulation

  • Costa Rica’s Tax Authority publishes the income tax brackets for tax year 2022

  • Paraguay modifies nonresident tax for digital services

  • Paraguayan Tax Authority creates registry of authorized local transfer pricing professionals

  • Canada’s Bill C-2 receives Royal Assent, public company dividend restriction and amendment to executive compensation repayment rule introduced

  • US IRS lists substances subject to reinstated Superfund excise tax, offers procedural guidance and suspends Notice 89-61

  • New US-Malta competent authority arrangement confirms meaning of 'pension fund' for tax treaty purposes

  • This week's tax treaty news in the Americas

  • Upcoming webcasts

  • US Cross-Border Taxation weekly podcast, 7 January 2022

  • The week’s EY Tax Alerts

  • EY Industry and Tax Services publications

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    Americas Tax Roundup – 10 January 2022

    Document ID: 2022-5029

     
     

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