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22 August 2022

Americas Tax Roundup – 22 August 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 Inflation Reduction Act includes 15% corporate minimum tax on book income

  • New Colombian Government submits tax reform bill to Congress

  • Colombia and Brazil sign double tax treaty

  • Colombia-Japan double tax treaty will be effective 1 January 2023

  • Argentine Tax Authority establishes one-time windfall corporate income tax prepayment

  • Brazilian tax authority may use information from transfer pricing study in customs valuations 

  • Canada’s Department of Finance releases draft legislation for remaining 2022 budget measures

  • Puerto Rico's Municipal Income Collection Center extends due date from August 15 to August 31, 2022 for first estimated property tax payment for tax year 2022

  • Salvadoran Minister of Finance submitted a bill to Congress to establish a tax amnesty program

  • Guatemala eliminates COVID-19 vaccination and testing requirements for inbound travelers

  • This week's tax treaty news in the Americas

  • US Cross-Border Taxation weekly podcast, 19 August 2022

  • The week’s EY Tax Alerts

  • EY Industry and Tax Services publications

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    Americas Tax Roundup – 22 August 2022

    Document ID: 2022-5801

     
     

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