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
Argentina | |||
Tax legislation approved and regulatory update | Indirect tax | 23 September 2025 | Export duty rate of 0% for certain goods. Read more. |
| Tax legislation approved and regulatory update | Indirect Tax | 04 September 2025 | Reduced excise taxes and tariffs on cell phones and other electronic products. Read more |
| Tax legislation approved and regulatory update | Income tax | 04 September 2025 | Amendments to income tax advance payment regime and installment regime. Read more. |
| Tax legislation approved and regulatory update | Income tax | 04 September 2025 | Property transfer code requirement eliminated. Read more. |
Brazil
Brazil | |||
Administrative and case law | Income tax | 18 September 2025 | Legislation suspending increases to financial transaction tax (IOF) rates overturned (Federal Supreme Court decision). Read more. |
Proposed legislation | Indirect tax | 15 September 2025 | Proposed amendments to indirect tax reform. Read more. |
Canada
Canada | |||
Proposed legislation | Income tax | 22 September 2025 | Determination of whether corporations in “trust sandwich” are considered connected made at trust’s taxation year end. Read more. |
| Proposed legislation | Indirect tax | 19 September 2025 | Upcoming deadlines for distributed investment plans under goods and services tax / harmonized sales tax (GST/HST) rules. Read more. |
| Tax legislation approved and regulatory update | Indirect tax | 15 September 2025 | Removal of retaliatory tariffs on certain U.S. goods. Read more. |
| Proposed legislation | Various tax topics | 09 September 2025 | Consultation on cryptoasset reporting framework (CARF) and common reporting standards (CRS) amendments. Read more. |
| Administrative and case law | Income tax | 05 September 2025 | Relief from withholding tax on reimbursements to nonresident subcontractors extended to June 30, 2026. Read more. |
Colombia
Colombia | |||
Tax legislation approved and regulatory update | Indirect tax | 29 September 2025 | Resolution consolidating and clarifying regulations under jurisdiction of tax authority. Read more. |
| Proposed legislation | Income tax | 10 September 2025 | Tax proposals in Finance Bill. Read more. |
| Tax legislation approved and regulatory update | Indirect tax | 10 September 2025 | Clarification of requirements for Authorized Economic Operators. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 3 September 2025 | Changes to tax reimbursement for exports of goods and services. Read more. |
Costa Rica
Costa Rica | |||
Administrative and case law | Indirect tax | 22 September 2025 | Guidance on new digital tax platform. Read more. |
Dominican Republic
Dominican Republic | |||
Tax legislation approved and regulatory update | Various tax topics | 29 September 2025 | Tax measures to support waste management passed by lower house of Parliament. Read more. |
Honduras
Honduras | |||
Tax legislation approved and regulatory update | Various tax topics | 11 September 2025 | “Great taxpayers” must adapt financial statements to International Financial Reporting Standards (IFRS) for sustainability. Read more. |
Mexico
Mexico | |||
Proposed legislation | Various tax topics | 29 September 2025 | Draft decree amending tax controversy rules. Read more. |
| Administrative and case law | Income tax | 26 September 2025 | Program inviting companies to correct tax status with respect to services received from suppliers not registered with Registry of Providers of Specialized Services or Specialized Works (Repse). Read more. |
| Administrative and case law | Indirect tax | 16 September 2025 | List of 268 registered foreign providers of digital services (as of August 31, 2025). Read more. |
| Proposed legislation | Various tax topics | 12 September 2025 | 2026 Economic Package includes proposed indirect tax reforms. Read more. |
| Tax legislation approved and regulatory update | Income tax | 10 September 2025 | Tax incentives for economic development in qualifying regions. Read more. |
Peru
Peru | |||
Tax legislation approved and regulatory update | Various tax topics | 12 September 2025 | New income tax regime for agricultural sector. Read more. |
Saint Lucia
Saint Lucia | |||
Tax legislation approved and regulatory update | Indirect tax | 26 September 2025 | Waiver of 6% service charge tax on essential goods. Read more. |
Uruguay
Uruguay | |||
Proposed legislation | BEPS Pillar 2 | 04 September 2025 | Budget proposals include Pillar Two minimum tax. Read more. |
Venezuela
Venezuela | |||
Tax legislation approved and regulatory update | Indirect tax | 22 September 2025 | Value Added Tax (VAT) exemptions for key imports suspended amid economic emergency & VAT and customs duty exemptions for certain strategic imports. Read more. |
