For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Argentina
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Treaties | 20 December 2024 | Argentina-China income tax treaty entered into force. Read more. |
Brazil
Tax area concerned | Relevant date | Description of measures and publication link | |
Proposed legislation | Various tax topics | 20 December 2024 | Key changes to tax reform bill. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 December 2024 | Further updates to electronic invoicing due to tax reform. Read more. |
Canada
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Indirect tax | 20 December 2024 | Overview of recent indirect tax changes. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 19 December 2024 | Large businesses must register for digital services tax by January 31, 2025. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 18 December 2024 | Updated guidance on forced labour and child labour reporting requirements. Read more. |
Proposed legislation | Various tax topics | 17 December 2024 | Tax proposals in 2024 federal fall economic update. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 06 December 2024 | Updated FATCA and common reporting standards onboarding forms. Read more. |
Chile
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Treaties | 20 December 2024 | Application of U.S. income tax treaty to royalties on feature film. Read more. |
Proposed legislation | Indirect tax | 13 December 2024 | Draft guidance clarifying Value Added Tax obligations of nonresident sellers. Read more. |
Colombia
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Income tax | 16 December 2024 | Each participant in joint contract entitled to claim proportional share of withholding taxes. Read more. |
Costa Rica
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Income tax | 16 December 2024 | Each participant in joint contract entitled to claim proportional share of withholding taxes. Read more. |
Dominican Republic
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Tax compliance | 02 December 2024 | Required registration of person responsible for company’s tax obligations. Read more. |
El Salvador
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Income tax | 02 December 2024 | Guide on tax havens, tax incentives for skyscraper development. Read more. |
Peru
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Tax compliance | 09 December 2024 | Tax identification registration requirements for nonresident providers of remote gambling and sports betting services. Read more. |
Proposed legislation | Indirect tax | 09 December 2024 | Draft regulation implementing value added tax compliance obligations for nonresident digital services providers. Read more. |
Uruguay
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Transfer pricing | 18 December 2024 | New public key certificate for production and simulation environments. Read more. |
Venezuela
Tax area concerned | Relevant date | Description of measures and publication link | |
Tax legislation approved and regulatory update | Indirect tax | 30 December 2024 | Regulations regarding use of digital media for issuance of invoices. Read more. |
United States
Tax area concerned | Relevant date | Description of measures and publication link | |
|
| For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States. | |
