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December 22, 2023
2023-5735

Americas Tax Roundup – 22 December 2023

Please note: The Americas Tax Roundup is being sent early due to Ernst & Young LLP’s US offices closing beginning Monday, 25 December 2023 and re-opening Tuesday, 2 January of the new year. EY will resume issuance of the newsletter on Monday, 8 January 2024.

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 additional Administrative Guidance on Pillar Two GloBE Rules and update on Pillar One Amount A timeline
  • US Treasury announces entry into force of the US-Chile tax treaty
  • New US interim CAMT guidance offers welcome relief from possible double-counting of CFC earnings in AFSI, but possible compliance burdens
  • Canada's Bill C-59 to implement outstanding indirect tax measures receives first reading
  • Argentina implements new economic measures with impact on tax and foreign exchange matters
  • Costa Rican Ministry of Finance and Tax Authority publish regulations for new foreign-source passive income regime
  • Uruguay extends Electronic Invoicing System obligations to all Uruguayan taxpayers
  • The Latest on BEPS and Beyond | December 2023
  • Upcoming webcasts
  • Recently archived webcasts
  • This week’s tax treaty news in the Americas
  • US Cross-Border Taxation weekly podcast, 22 December 2023
  • The week’s EY Tax Alerts
  • EY Industry and Tax Services publications

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Americas Tax Roundup – 22 December 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.

 

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