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June 3, 2024

Americas Tax Roundup | 3 June 2024


A weekly summary of the top weekly tax news, trends
and developments in the Americas


     This week's tax news from the Americas

  • Canada | Northwest Territories budget 2024-25 introduced
    On 24 May 2024, Canada’s Northwest Territories Finance Minister Caroline Wawzonek tabled the territory's fiscal 2024-25 budget. The budget contains no new taxes (other than a previously announced vaping products tax) and no income tax increases. The minister anticipates an operating deficit of CA$150m for 2023-24 and projects an operating surplus of CA$294m for 2024-25, as well as operating surpluses for each of the next three years.
  • Peru and Switzerland to begin negotiating new protocol on double-tax treaty
    In Ministerial Resolution No. 176-2024-EF/43, Peru announced that Peru and Switzerland will soon conduct the first round of negotiations for a protocol on a double tax treaty (DTT). Specifically, the ministerial resolution authorizes representatives of Peru’s Ministry of Economy and Finance to travel to Switzerland to negotiate an amending protocol to update the Peru-Switzerland DTT.

     This week's newsletters


     This week's tax treaty news from the Americas

  • Argentina and Switzerland: social security agreement and administrative arrangement signed
  • Brazil and Benin: amending protocol to update the air-services agreement signed
  • Chile and Austria: income and capital tax treaty amended by Austria under most favoured nation clause
  • Costa Rica and Iceland: exchange of information agreement entered into force
  • Mexico and Curacao: air-services agreement entered into force
  • Paraguay and Spain: income tax treaty approved by the Spanish Congress of Deputies
  • Peru and Switzerland: first round of negotiations for protocol to tax treaty to be held
  • United States and Kenya: sixth round of negotiations under Strategic Trade and Investment Partnership held

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About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnel.


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