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31 July 2023

Americas Tax Roundup – 31 July 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 document on Pillar Two GloBE Information Return
  • OECD/G20 Inclusive Framework releases Subject to Tax Rule model treaty provision and commentary 
  • OECD releases public Consultation Document on Pillar One Amount B on baseline distribution
  • G20 Finance Ministers welcome progress made on BEPS 2.0 project
  • US Treasury provides welcome temporary relief from controversial foreign tax credit regulations
  • Argentina applies tax on purchases of foreign currency in new transactions, provides preferential foreign-exchange rate to certain exported goods
  • Canada's new mandatory disclosure rules now in effect
  • Peruvian Tax Authority establishes guidelines on scope of applying nondiscrimination clause of the Double Tax Treaties signed by Peru
  • Costa Rica Tax Authority intends to scrutinize taxpayers claiming loss or zero profit on FY22 Corporate Income Tax returns
  • Pacific Alliance Double Taxation Convention on pensions funds will apply beginning 1 January 2024
  • This week's tax treaty news in the Americas
  • Upcoming webcasts
  • US Cross-Border Taxation weekly podcast, 28 July 2023
  • The week’s EY Tax Alerts
  • EY Industry and Tax Services publications

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Americas Tax Roundup – 31 July 2023

Document ID: 2023-5566

 
 

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