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31 January 2022

Americas Tax Roundup – 31 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 Treasury releases final regulations on treatment of domestic partnerships under IRC Section 958, as well as proposed PFIC regulations

  • US IRS changes to instructions for 2021 partnership Schedules K-2 and K-3 are relevant to many partnerships, including private equity and private capital funds

  • US IRS announces pilot fast-track program that resolves corporate letter ruling requests in 12 weeks

  • Peru’s President modifies rules for enacting tax exemptions and tax benefits

  • OECD publishes 2022 Transfer Pricing Guidelines

  • OECD releases eighth batch of Stage 2 peer review reports on dispute resolution

  • Brazil lifts prohibition on air travel from Botswana, Eswatini, Lesotho, Namibia, South Africa and Zimbabwe

  • Canada introduces new travel restrictions for unvaccinated foreign nationals

  • Canada: Quebec introduces new flexibility to Temporary Foreign Worker Program

  • Canada releases information on Express Entry updates in response to ATIP request

  • This week's tax treaty news in the Americas

  • Upcoming webcasts

  • US Cross-Border Taxation weekly podcast, 28 January 2022

  • The week’s EY Tax Alerts

  • EY Industry and Tax Services publications

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    Americas Tax Roundup – 31 January 2022

    Document ID: 2022-5122

     
     

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