Sign up for tax alert emails    GTNU homepage    Tax newsroom    Email document    Print document    Download document

February 6, 2023

Americas Tax Roundup 6 February 2023

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:

  • OECD/G20 Inclusive Framework releases Administrative Guidance under Pillar Two GloBE rules: First Impressions
  • Argentine Government updates list of non-cooperating jurisdictions for income tax 
  • Peru extends tax incentives applicable for Real Estate Investment Funds 
  • Chile postpones increase in the amounts of mining patents
  • Panama’s Ministry of Economy and Finance extends term for implementation of electronic invoicing system
  • Costa Rican tax authority publishes Institutional Criterion regarding tax treatment of foreign exchange gain or loss in financial investment instruments
  • Costa Rican General Directorate of Treasury establishes new procedure to request tax exemptions through Exonet system 
  • Costa Rican tax authority publishes new update to Catalogue of Goods and Services 
  • Dominican Republic’s Executive Branch publishes general regulations to new Customs Law 
  • US IRS examiners must consult IRS counsel before applying the economic substance doctrine in transfer pricing audits
  • US IRS addresses deductions involving cryptocurrency in two Chief Counsel Advice memos
  • US | Interim guidance on stock buyback excise tax offers mixed bag for corporate taxpayers
  • USCIS announces FY 2024 H-1B Cap Registration Period
  • USCIS to resume bundling adjudication of I-539 and I-765 applications filed by H-4 and L-2 spouses
  • Canada Border Services Agency updates trade compliance verification list: January 2023
  • EY Canada issues latest edition of TaxMatters@EY 
  • This week's tax treaty news in the Americas
  • Upcoming webcasts
  • US Cross-Border Taxation weekly podcast, 3 February 2023
  • The week’s EY Tax Alerts
  • EY Industry and Tax Services publications



Americas Tax Roundup – 6 February 2023


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.


Copyright © 2024, Ernst & Young LLP.


All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.


Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.


"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.


Privacy  |  Cookies  |  BCR  |  Legal  |  Global Code of Conduct Opt out of all email from EY Global Limited.


Cookie Settings

This site uses cookies to provide you with a personalized browsing experience and allows us to understand more about you. More information on the cookies we use can be found here. By clicking 'Yes, I accept' you agree and consent to our use of cookies. More information on what these cookies are and how we use them, including how you can manage them, is outlined in our Privacy Notice. Please note that your decision to decline the use of cookies is limited to this site only, and not in relation to other EY sites or Please refer to the privacy notice/policy on these sites for more information.

Yes, I accept         Find out more