20 October 2024

Americas Tax Roundup | 21 October 2024

 
 

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

 
 
      
 

     This week's tax news from the Americas

  • United States | Final IRC Section 367(d) regulations open door to intangible property repatriation for US multinationals
    On 9 October 2024, the United States Department of Treasury and the Internal Revenue Service released final regulations under IRC Section 367(d) (T.D. 9994; Final Regulations) on certain repatriations of intangible property (IP). The Final Regulations, which apply to IP repatriations occurring on or after October 10, 2024, are generally consistent with the proposed regulations published on May 3, 2023. The Final Regulations apply prospectively only, so taxpayers cannot rely on these rules for intangible property repatriations that occurred before their publication.
  • Chilean Congress approves comprehensive tax compliance bill
    The Chilean Chamber of Deputies passed a second comprehensive tax compliance bill. The legislation includes a modified application threshold for the general anti-avoidance rule, relationship rules for controlled foreign corporations, tax-haven regime requirements and a new anti-avoidance rule for value-added taxes. The bill is still undergoing the necessary legislative processes, including a constitutional review, and awaits formal promulgation and publication. The legislation will generally take effect the first day of the month following its publication, though provisions within the legislation may have varying effective dates.
  
 
 

     This week's newsletters

  
 
 

     Upcoming EY webcasts

      2024 Election webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

     Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

      This week's EY Global Tax Alerts

     Americas

     Africa

     Asia

     Europe

     Middle East

     Oceania

  
 
 
 

Additional resources

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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.

 
 

Document ID: 2024-1923