01 January 2026

2025 Year in Review | Tax Alerts: Americas

Africa | Americas | Asia | Europe | Middle East
Oceania | International Organizations

This year in review lists all EY Tax Alerts concerning significant developments in the Americas during 2025.

 
Argentina
12.18.2025Argentina updates transfer pricing compliance obligations (2025-2556)
12.08.2025Argentina allows exporters to convert and display tax credit balances and export refunds in US dollars (2025-2449)
12.02.2025Argentina proposes amendments to its transfer pricing regime (2025-2402)
10.31.2025Argentina updates income tax regulations affecting transfer pricing compliance obligations (2025-2204)
10.23.2025Argentina eliminates the mandatory disclosure regime (MDR) (2025-2140)
10.01.2025Argentina's MLI enters into force on 1 January 2026 (2025-1986)
09.29.2025Argentine Tax Authorities implement new procedure to recover the Impuesto PAIS (2025-1960)
07.08.2025Argentine Tax Authorities implement procedure to recover Impuesto PAIS payments (2025-1403)
06.20.2025Argentine Executive Branch sends bill to Congress to simplify tax procedures and reduce statute of limitations (2025-1308)
06.02.2025Argentina issues measures to further deregulate (2025-1174)
05.30.2025Argentina enacts Multilateral Instrument law (2025-1162)
05.15.2025Argentina implements installment plan for corporate income tax obligations (2025-1062)
05.12.2025Argentine Central Bank allows subscription of BOPREAL Series 4 to pay remaining debts (2025-1039)
05.09.2025Argentine Senate approves Multilateral Instrument (2025-1034)
04.18.2025Argentina establishes procedures for the use of BOPREALs against tax and customs liabilities (2025-0922)
04.15.2025Argentina eliminates most remaining Foreign Exchange controls (2025-0896)
01.07.2025Argentina eliminates the Impuesto PAIS (2025-0160)
01.07.2025Argentina-China double tax treaty enters into force (2025-0148)
Bermuda
12.15.2025Bermuda Parliament adopts Tax Credits Act 2025 and Corporate Income Tax Amendment (No. 2) Act 2025 (2025-2519)
09.23.2025Bermuda releases consultation on substance-based tax credits (2025-1913)
09.19.2025Bermuda releases second public consultation for CIT technical amendments (2025-1897)
06.11.2025Bermuda releases first public consultation for CIT technical amendments (2025-1236)
05.22.2025Bermuda releases final CIT administrative regulations (2025-1124)
02.25.2025Bermuda releases third public consultation for CIT administrative provisions (2025-0554)
02.05.2025Bermuda releases public consultation for CIT enforcement provisions (2025-0395)
Brazil
12.19.2025Brazil's Congress approves bill reducing federal incentives and increasing taxation of certain industries and instruments (2025-2572)
12.18.2025Brazilian tax authority issues guidance on new withholding tax on dividends paid to nonresidents (2025-2550)
11.06.2025Brazilian Senate approves 10% withholding tax on dividends paid to nonresident shareholders and Individual Income Tax changes (2025-2232)
10.22.2025Brazil signs Multilateral BEPS Convention (2025-2138)
10.09.2025Brazilian Government allows proposed tax changes affecting Interest on Net Equity, financial investments, betting operations and fintechs to expire (2025-2045)
07.18.2025Brazilian Supreme Federal Court partially reinstates Government Decree related to changes in IOF (2025-1533)
06.26.2025Brazilian Congress suspends Government Decrees related to changes in IOF, reestablishing rates set prior to 22 May 2025 (2025-1361)
06.25.2025Brazil publishes Provisional Measure affecting financial and capital markets taxation (2025-1356)
06.12.2025Brazilian Government announces substantial tax changes affecting Interest on Net Equity, financial investments, betting operations and IOF regulations (2025-1243)
05.27.2025Brazilian Government introduces changes to regulations dealing with taxation of financial operations (2025-1132)
04.15.2025Brazil enacts bill of law allowing for retaliatory taxation (2025-0901)
04.03.2025Brazil close to enacting bill of law allowing for retaliatory taxation (2025-0811)
04.02.2025Brazilian Senate approves bill of law allowing for retaliatory taxation (2025-0801)
03.19.2025Brazilian government proposes taxing dividends of nonresident shareholders (2025-0713)
01.29.2025Brazil's Federal Tax Authorities rule on treatment for online games and bets (2025-0352)
01.17.2025Brazil enacts indirect tax reform establishing new consumption taxes (2025-0276)
Canada
12.19.2025Canada | OECD Commentary 2025: Lower risk for remote work (2025-2569)
12.19.2025Canada releases information on measures announced to protect domestic steel industry (2025-2576)
12.18.2025Canada tables bill with accelerated capital cost allowance and other immediate expensing measures (2025-2564)
12.12.2025Canada Border Security Agency invites feedback on 2023 revisions to Valuation for Duty Regulations (2025-2484)
12.09.2025Canada announces new trade measures for steel imports (2025-2459)
12.02.2025Canada's 2025 budget implementation bill no. 1 introduced in House of Commons (2025-2401)
11.14.2025Canada's 2025 federal budget introduces revised transfer pricing rules (2025-2293)
11.06.2025Canada tables 2025 federal budget (2025-2240)
10.27.2025Canada Border Services Agency extends surtax remission for two more months (2025-2173)
10.21.2025Canada Border Services Agency releases notice of preliminary determinations regarding cast iron soil pipe (2025-2120)
10.03.2025Canada Border Services Agency releases notice of final determinations on PET resin (2025-2009)
09.26.2025Canada Border Services Agency releases notice of preliminary determinations for steel strapping (2025-1940)
09.23.2025Canada Department of Finance releases updated proposed legislation for expanded CRA audit powers (2025-1916)
09.23.2025Canada Revenue Agency announces streamlined Voluntary Disclosure Program (2025-1917)
09.22.2025Canada proposes amendments to Global Minimum Tax Act and Income Tax Act (2025-1908)
09.22.2025Canada Border Services Agency releases notice of preliminary determination for certain carbon and alloy steel wire (2025-1905)
09.19.2025Canada removing tariffs on certain US goods; Canadian business support measures announced (2025-1890)
09.16.2025Canada | Distributed investment plans required to request certain investor information by 15 October 2025 (2025-1868)
09.12.2025Canadian Department of Finance updates proposals to modify enhanced trust reporting requirements (2025-1844)
08.22.2025Canadian Department of Finance releases draft legislation for various previously announced measures and technical amendments (2025-1740)
08.20.2025Canada Revenue Agency extends administrative relief relating to Regulation 105 withholding tax on subcontractor fees (2025-1726)
08.20.2025Canada imposes additional surtaxes on certain steel and aluminum goods (2025-1728)
07.28.2025Canada announces additional support for domestic steel sector (2025-1610)
07.11.2025Canada Border Services Agency issues July 2025 trade compliance verification list (2025-1422)
07.10.2025Canada | G7 releases statement on Global Minimum Tax (Pillar Two) and Canada rescinds digital services tax (2025-1414)
07.10.2025Canada announces surtax on steel imports, initiates short supply consultations, halts DST collection (2025-1419)
07.10.2025Canada Revenue Agency transitions to online mail for most business correspondence (2025-1420)
06.26.2025Canada announces new border security legislation and further measures to protect steel and aluminum sectors (2025-1366)
06.06.2025Canada Border Services Agency updates customs notice for surtax remission (2025-1219)
06.05.2025Canada's DST may trigger proposed US IRC Section 899 (2025-1200)
05.20.2025Canada | Ontario budget 2025-26 (2025-1102)
05.15.2025Canada | Preparing for digital services tax filing and payment obligations (2025-1067)
05.05.2025Canadian Liberal Party's 2025 election platform tax measures (2025-0985)
04.21.2025Canada | Latest relief measures for Canadian businesses impacted by US tariffs (2025-0928)
04.16.2025Canada | Latest Canada-US trade developments — as of 10 April 2025 (2025-0907)
04.15.2025Canada | Prince Edward Island budget 2025-26 (2025-0902)
04.14.2025Canada Revenue Agency announces federal and provincial tax payment deferral until 30 June 2025 (2025-0886)
04.14.2025Canada | Newfoundland and Labrador budget 2025-26 (2025-0888)
03.31.2025Canada-China trade relations — March 2025 key developments (2025-0792)
03.28.2025Canada | Quebec budget 2025-2026 (2025-0783)
03.24.2025Canada | Manitoba budget 2025-26 (2025-0738)
03.21.2025Canada | Saskatchewan budget 2025-26 (2025-0727)
03.21.2025Canada is eliminating consumer carbon tax (2025-0728)
03.20.2025Canada | New Brunswick budget 2025-26 (2025-0726)
03.17.2025Canada imposes new tariffs on US-origin products in response to US tariffs on Canadian steel and aluminum products (2025-0700)
03.13.2025European Union and Canada counter US steel and aluminum tariffs with retaliatory measures (2025-0659)
03.11.2025Canada responds to US Executive Orders imposing tariffs on imports originating in Canada (2025-0646)
03.06.2025Canada | British Columbia budget 2025-26 (2025-0615)
03.04.2025Canada | Alberta budget 2025-26 (2025-0594)
02.27.2025Canada | Nunavut budget 2025-26 (2025-0576)
02.21.2025Canada | Nova Scotia issues 2025-2026 budget (2025-0536)
02.21.2025Canada Department of Finance confirms employee stock option change deferred to 2026 (2025-0538)
02.11.2025Canada | Northwest Territories budget 2025-26 (2025-0449)
02.05.2025Canadian government announces deferred implementation date for capital gains inclusion rate change (2025-0407)
01.30.2025Canada will extend 2024 charitable contribution deadline to 28 February 2025 (2025-0357)
01.24.2025Canada Border Services Agency issues 2025 trade compliance verification list update (2025-0320)
01.22.2025Canadian International Trade Tribunal continues its order for carbon steel welded pipe; SIMA values to be reviewed annually (2025-0290)
01.13.2025Canada | Impact of prorogation on outstanding income tax proposals (2025-0212)
01.03.2025Canada's updates to developing-country tariff preference programs and direct shipment requirements come into force in 2025 (2025-0120)
Cayman Islands
12.12.2025Cayman Islands releases regulations implementing Crypto-Asset Reporting Framework and amended Common Reporting Standards (2025-2487)
Chile
09.11.2025Chile confirms US Tax Treaty-based exemption for software program reseller payments (2025-1836)
07.28.2025Chile issues regulations for simplified VAT registration for digital platforms (2025-1592)
07.28.2025Chile proposes tax reform bill increasing taxation on high-income earners and investment funds (2025-1601)
04.04.2025Chile releases new regulations for neutral tax reorganization regime (2025-0817)
03.12.2025Chile releases updated list of 'blacklisted' jurisdictions (2025-0649)
Colombia
11.07.2025Colombian Constitutional Court rules on validity of temporary tax measures imposed to address 'State of Internal Commotion' (2025-2246)
09.09.2025Colombia's Executive Branch submits 2026 tax reform bill to Congress (2025-1821)
02.17.2025Colombian Government establishes temporary taxes amid State of Internal Unrest (2025-0499)
Costa Rica
09.23.2025Costa Rican Tax Administration extends due date for FY 2024 Transfer Pricing Informative Return (2025-1912)
07.29.2025Costa Rican Tax Administration publishes Transfer Pricing Informative Return (2025-1615)
07.15.2025Costa Rican Tax Administration publishes resolution implementing new digital platform - TRIBU-CR (2025-1485)
06.27.2025Costa Rica Ministry of Finance confirms launch date of new tax platform and provides further details on transition process (2025-1379)
05.28.2025Costa Rica | New virtual tax administration platform to launch in August 2025 (2025-1142)
Dominican Republic
07.10.2025Dominican Republic arrangement with US on exchange of country-by-country reports has been published (2025-1416)
05.19.2025Dominican Tax Authority extends deadline for implementing Electronic Invoicing for Large Local and Medium Taxpayers (2025-1094)
01.03.2025Dominican Republic Tax Administration grants automatic extension for filing CbCR (2025-0125)
Honduras
12.09.2025Honduras publishes 'Guide on Country-by-Country Reporting (CbCR) Frequently Asked Questions' (2025-2461)
Jamaica
03.24.2025Jamaica proposes accelerated capital allowances for certain expenditures and reduced dividend withholding tax rates (2025-0742)
Mexico
01.23.2025Mexico offers new tax incentives applicable across all industries and geographies under 'Plan Mexico' strategy (2025-0303)
Peru
12.19.2025Peru and United Kingdom have now both ratified double-tax treaty (2025-2574)
08.26.2025Peru | MLI practical effects begin on 1 January 2026 (2025-1755)
06.17.2025Peru deposits MLI with OECD (2025-1282)
06.02.2025Peruvian Executive Branch ratifies OECD Multilateral Convention (2025-1169)
05.09.2025Peruvian Tax Authority amends guidelines to determine whether services qualify as digital services (2025-1033)
04.16.2025Peru | Likely impact from US tariffs (2025-0905)
03.24.2025Peru and United Kingdom sign double-tax treaty (2025-0734)
03.17.2025Peruvian Congress ratifies the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) (2025-0696)
02.12.2025Peruvian Supreme Court concludes consulting services will only qualify as digital services if automatic and provided digitally (2025-0459)
01.09.2025Peru enacts laws related to tax benefits affecting energy, hospitality and other business sectors (2025-0172)
United States
12.18.2025USTR issues notice implementing new trade framework between the United States, Switzerland and Liechtenstein (2025-2566)
12.16.2025US Court of International Trade clarifies refund pathway for IEEPA tariffs, denies preliminary injunction in IEEPA-related refund case (2025-2530)
11.17.2025US announces new trade frameworks and expanded agricultural tariff exclusions (2025-2308)
11.04.2025US President announces new trade and economic deal with China and commitments to Republic of Korea (2025-2220)
10.01.2025US expands export controls to include 50% 'Affiliates Rule' for restricted parties (2025-1984)
09.30.2025US President announces new Section 232 tariffs on imports of timber, lumber and their derivative products (2025-1963)
09.26.2025US Trade developments include announced new tariffs on pharmaceuticals, Section 232 investigations into imports including robotics, industrial machinery, PPE and medical equipment (2025-1948)
09.18.2025US-Japan Agreement updated and public comment period open for Section 301 extensions (2025-1882)
09.15.2025US Executive Order modifies scope of certain tariffs and establishes procedures for implementing trade and security agreements (2025-1863)
09.10.2025US Supreme Court will hear oral arguments in tariff case in early November 2025; opening briefs due soon (2025-1832)
09.08.2025US President Trump issues Executive Order implementing terms of United States-Japan Agreement (2025-1803)
09.03.2025USTR extends product exclusions subject to Section 301 tariffs through 29 November 2025 (2025-1786)
08.06.2025US imposes additional tariffs on India for buying oil from Russia (2025-1663)
08.01.2025US suspends duty-free de minimis treatment for low-value shipments (2025-1633)
08.01.2025US imposes tariffs on copper products (2025-1634)
08.01.2025US imposes additional tariffs on imports from trading partners (2025-1640)
07.31.2025US imposes additional tariffs on Brazilian-origin goods (2025-1632)
07.08.2025US sends tariff letters to various countries ahead of the new negotiation deadline of 1 August 2025 (2025-1397)
06.04.2025US increases import tariffs of aluminum and steel (2025-1192)
06.03.2025USTR extends certain exclusions from China Section 301 tariffs (2025-1186)
05.30.2025Court of International Trade rules tariffs under International Emergency Economic Powers Act unlawful; appeals court temporarily reinstates tariffs as case proceeds (2025-1163)
05.13.2025US and China reach trade deal, as US Department of Commerce initiates investigation on aircraft and jet engines (2025-1051)
05.09.2025US and UK unveil trade deal (2025-1026)
04.30.2025United States | Recent developments in US tariffs on automobiles and articles subject to tariffs (2025-0970)
04.25.2025USTR issues Notice of Action after investigating China's purported targeting of maritime, logistics, shipbuilding sectors — comments due 19 May (2025-0941)
04.15.2025US launches investigation into pharmaceuticals and semiconductors (2025-0899)
04.14.2025US exempts certain electronic products from tariffs under President Trump's Reciprocal Tariff Policy (2025-0893)
04.11.2025US suspends President Trump's Reciprocal Tariff Policy for 90 days, except for China (2025-0868)
04.03.2025US imposes President's Reciprocal Tariff Policy against trading partners and ends duty-free treatment for low-value shipments from China (2025-0815)
04.03.2025EU | United States to impose President Trump’s Reciprocal Tariffs on goods originating from the European Union (2025-0814)
03.28.2025APA report for 2024 shows consistent number of APAs executed in less time (2025-0773)
03.27.2025US President Trump announces 25% additional tariff on imported automobiles and automobile parts (2025-0767)
03.07.2025US adjusts tariffs on Canada and Mexico in response to automotive industry concerns (2025-0626)
03.05.2025United States imposes additional tariffs on Canada and Mexico, raises additional tariffs on China (2025-0609)
03.04.2025US initiates investigation into imports of timber, lumber and their derivative products (2025-0593)
01.24.2025President Trump takes office and issues a series of Executive Orders (2025-0313)
01.23.2025US issues Executive Order on BEPS 2.0 (2025-0304)
01.22.2025US Customs and Border Protection proposes rule that would eliminate duty exemption for goods subject to punitive tariffs (2025-0292)
01.22.2025United States President signs 'America First Trade Policy' Presidential Memo (2025-0294)
01.21.2025US publishes interim final rule addressing additional implementing regulations related to textile and apparel goods, automotive goods and other USMCA provisions (2025-0285)
01.16.2025US Customs and Border Protection publishes amendments for entry of low-value shipments (2025-0258)
Uruguay
12.10.2025Uruguayan Parliament approves the National Budget for 2025—2029 (2025-2467)
12.08.2025Uruguayan Parliament modifies budget bill to clarify entry into force of the Qualified Minimum Domestic Top-Up Tax (2025-2453)
10.30.2025Uruguay extends reduced VAT rate for tourism sector through 30 April 2026 (2025-2194)
10.07.2025Uruguay proposes amendments to National Budget Bill 2025-2029 (2025-2031)
09.09.2025Uruguay regulates food donations and grants tax incentives (2025-1817)
09.09.2025Uruguay presents bill proposal for the National Budget 2025-2029 (2025-1825)
05.05.2025Uruguay extends application of reduced VAT rate for tourism sector through 30 April 2026 (2025-0989)
04.07.2025Uruguay presents bill proposal to approve double taxation treaty with Turkiye (2025-0829)
02.07.2025Uruguay's Executive Branch raises income limit to apply for simplified regime for Personal Income Tax (2025-0434)
01.14.2025Uruguay modifies minimum nontaxable amount of Net Wealth Tax (2025-0232)
01.07.2025Uruguay updates list of countries or jurisdictions deemed low or no taxation (2025-0149)

Document ID: 2026-0012