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TaxNewsFlash-Americas — KPMG's reports of tax developments in the Western Hemisphere


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May 2017

31 May - Brazil: New immigration law

31 May - Canada: Cash purchase tickets consultation extended to 24 July 2017

31 May - Canada: Manitoba 2017 budget bill receives first reading

30 May - Barbados: Tax proposals included in 2017 budget

24 May - Canada: Alberta 2017 budget bill receives first reading

24 May - Canada: Proposed delay of application of PST to insurance premiums in Saskatchewan

24 May - Mexico: Reminder of deadline, permanent establishments under IMMEX program

24 May - Canada: Canadian corporations operating in United States targeted by IRS auditors

24 May - Canada: First reading, Ontario’s foreign buyers tax bill

24 May - Canada: Ontario 2017 budget bill receives Royal Assent

24 May - Canada: Saskatchewan 2017 budget bill receives Royal Assent

23 May - Canada: Reminder for insurers; deadline for GST/HST recovery paid and related to cross-border reinsurance with affiliates

19 May - Canada: Deadline for missed input tax credits of financial institutions for 2014—30 June 2017

19 May - Canada: Update on trade agreement with EU, would eliminate tariffs

18 May - Mexico: Online digital tax voucher

18 May - Canada: GST information returns of financial institutions due 30 June

17 May - Canada: New Brunswick budget bill receives Royal Assent

16 May - Canada: New QST rules, financial institutions in Quebec

16 May - Canada: R&D tax credit, patent box in Saskatchewan

12 May - Canada: CRA reviewing voluntary disclosures program

10 May - Mexico: Update on taxpayers’ “electronic accounting” requirements

10 May - Canada: 2017 budgets in Yukon, Northwest Territories, Nunavut
are tabled

10 May - Canada: Farming and fishing corporations eligible for small business deduction

10 May - Canada: Quebec’s efforts for harmonization with proposed federal legislation

3 May - Canada: Prescribed income tax interest rates unchanged (third quarter 2017)

3 May - Canada: Prescribed PLOI interest rate increase (third quarter 2017)

2 May - Costa Rica: Electronic invoices issued in foreign language, other currencies

April 2017

28 Apr - Canada: Tax measures in 2017 budget, Ontario

27 Apr - Canada: Tax measures in 2017 budget, Nova Scotia

26 Apr - Canada: CRA to hold refunds for GST non-compliance starting May 2017

26 Apr - Canada: Saskatchewan 2017 budget bill receives first reading

20 Apr - Canada: Ontario property tax for foreign buyers

19 Apr - Canada: Federal budget 2017 receives first reading

19 Apr - Canada: Saskatchewan capital tax bill receives Royal Assent

19 Apr - Canada: Transfer tax relief for foreign homebuyers in British Columbia

13 Apr - Bolivia: Increased tax rate on certain financial intermediary entities

13 Apr - Canada: Reminder of 30 April deadline, 10% tax on cross-border
insurance premiums

13 Apr - Canada: Saskatchewan capital tax rate increase for large financial institutions

13 Apr - Canada: Tax measures in federal budget bill as draft legislation

13 Apr - Canada: Transition time extended for registered charities

13 Apr - Mexico: Taxpayers must file information declaration of “preferential tax regimes”

12 Apr - Panama: Refunds of excess tax on imported merchandise

12 Apr - Panama: Tax credits for computer equipment and software, application due date extended to 30 April

12 Apr - Canada: Tax provisions in Manitoba’s 2017 budget

10 Apr - Canada: Tax provisions in 2017 budget, Prince Edward Island

5 Apr - Canada: Nova Scotia small business income threshold increased

5 Apr - Canada: Tax measures in New Brunswick 2017 budget

5 Apr - Dominican Republic: List of goods and services not VAT exempt

3 Apr - Canada: Stock option deduction increased in Quebec

3 Apr - Chile: FUT substitute election payments due 30 April

2016 Articles

December 2016

22 Dec - Dominican Republic: New registration procedure for foreign employees

20 Dec - Canada: Bill enacting certain 2016 federal budget tax measures receives Royal Assent

20 Dec - Canada: Alberta 2016 budget measures receives Royal Assent

20 Dec - Canada: Revised tax rates for individuals and trusts; bill receives Royal Assent

20 Dec - Canada: Ontario land transfer tax; bill receives Royal Assent

20 Dec - Canada: Bill increasing Canada Pension Plan (CPP) contributions receives Royal Assent

19 Dec - Canada: Business owners and incorporated investments; dividend tax savings and final opportunities for 2016

19 Dec - Canada: Round-up of 2016 tax developments concerning asset managers

19 Dec - Mexico: Tax reform challenge, real estate investment entities (sibras)

19 Dec - Uruguay: Proposed legislation, disclosure of ultimate beneficial owners

16 Dec - Canada: Preparing for GST/HST deadlines

14 Dec - Canada: Taxpayers have until 31 December 2016 to file certain foreign affiliate elections

14 Dec - Canada: “Fairness relief” requests related to 2006 due by 31 December 2016

14 Dec - Canada: Possible opportunities related to Ontario’s new four-year property tax assessment cycle

14 Dec - Panama: Reminder, tax payments due 31 December 2016

12 Dec - Canada: GST / HST deadlines for employers, pension plans

8 Dec - Canada: Tax treaty signed with Madagascar

7 Dec - Dominican Republic: Excise tax provisions concerning alcoholic beverages, tobacco

5 Dec - Mexico: Taxpayer challenges to information reporting requirement for “relevant operations” 

2 Dec - Uruguay: Deemed-dividend regime, loss carryforward limitations effective in 2017

July 2016

28 Jul - Canada: GST changes for pension plans, drop-shipment certificates, financial institutions 

27 Jul - Canada: Additional 15% B.C. property transfer tax, foreign buyers of residential property in Vancouver

27 Jul - Colombia: Sales tax reporting, returns

26 Jul - Colombia: Tax calendar for second half 2016 (Spanish)

26 Jul - Mexico: Tax law changes published in official journal

22 Jul - Canada: Small business tax rate in New Brunswick, reduced to 3.5% from 4% 

21 Jul - Bahamas: No income tax, but other forms of taxation on investing, conducting business  

20 Jul - Brazil: Capital gains tax rate changes apply beginning 2017

20 Jul - Brazil: Financial transaction tax (IOF) on foreign exchange transactions, loans

18 Jul - Canada: Oil, gas and mining companies may use Canadian reports to meet new U.S. requirements

14 Jul - Canada: Modifications to “taxable Québec property,” requirements for QST rebates to public service bodies

14 Jul - Canada: Provisions in New Brunswick’s 2016 budget receives Royal Assent; increases to corporate tax and financial corporation capital tax rates

14 Jul - Canada: Tax incentive measures in Saskatchewan's 2016 budget receives Royal Assent

13 Jul - Dominican Republic: Enhanced focus to address tax evasion, tax havens

13 Jul - Panama: New computer system, portal for tax reporting

12 Jul - Canada: Manitoba budget bill receives Royal Assent

12 Jul - Argentina: Repeal of 10% withholding tax on dividends, tax amnesty

12 Jul - Mexico: Judgment concerning taxpayer electronic records

5 Jul - Canada: Income tax rate changes for interim financial statements (second quarter 2016)

5 Jul - Bahamas: Appeals process for resolving disputes of VAT assessments

June 2016

30 Jun - Canada: Federal budget bill for 2016 is enacted

28 Jun - Canada: Saskatchewan 2016 budget bill receives first reading

23 Jun - Canada: Transitional rules, HST rate increase in Prince Edward Island 

21 Jun - Canada: HST rate increases in provinces; challenges for retailers

21 Jun - Canada: Manitoba 2016 budget bill receives first reading

21 Jun - Canada: Reduced “small business” corporate income tax rate enacted, Alberta 2016 budget

20 Jun - Canada: Federally regulated pension plans with controlling interests in businesses

16 Jun - Canada: GST/HST deadline 30 June, for investment funds

16 Jun - Canada: New Ontario retirement plan law is enacted

16 Jun - Canada: Tax legislation in Newfoundland enacted

16 Jun - Paraguay: Exchange of information for tax purposes

10 Jun - Canada: Pensions’ final returns, information returns due 30 June

8 Jun - Bahamas: Tax measures in 2016/17 budget

8 Jun - Bermuda: Budget proposal, consolidation regime’s treatment of deferred tax liabilities

8 Jun - Canada: Budgets for 2016 in Yukon, Northwest Territories, Nunavut

8 Jun - Canada: Carbon levy, small business tax reduction in Alberta

8 Jun - Canada: Recapture input tax credit, Ontario

6 Jun - Canada: CRA to treat certain U.S. LLPs as corporations

2 Jun - Canada: Tax provisions in 2016 Saskatchewan budget

1 Jun - Colombia: Review of tax developments (first quarter 2016) (Spanish)

1 Jun - Canada: British Columbia tax bill receives Royal Assent

1 Jun - Canada: Newfoundland 2016 budget bills receive “first reading”

1 Jun - Canada: Nova Scotia 2016 budget bill receives Royal Assent

1 Jun - Brazil: Guide to Brazilian oil and gas taxation

1 Jun - Canada: Inter-company dividends may possibly trigger anti-avoidance rule

1 Jun - Canada: Tax provisions in Manitoba’s 2016 budget

February 2016

26 Feb - Americas: Indirect tax, country guides (2016)

26 Feb - Canada: No income tax rate changes in Ontario 2016 budget

25 Feb - Canada: Ontario retirement pension plan contributions delayed to 2018

23 Feb - Mexico: State and local tax, increases for 2016 

23 Feb - Panama: Tax residence certificate, new guidelines

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