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 | 02 July 2025 | Changes to tax receipt issuance regime for Value Added Tax (VAT) purposes, partial deferral of increase in tax on fuels. Read more. |
Bahamas
Bahamas | |||
Tax legislation approved and regulatory update | Tax compliance | 25 July 2025 | Common reporting standard (CRS) guidance regarding undocumented accounts. Read more. |
Bermuda
Bermuda | |||
Administrative and case law | Various tax topics | 28 July 2025 | Advisory on enhanced due diligence for high-risk jurisdictions. Read more. |
Chile
Chile | |||
KPMG publication | Indirect tax | 23 July 2025 | Taxation of shares in company resident in preferential tax regime under indirect sale rule & other direct and indirect tax developments. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 14 July 2025 | New obligations for digital marketplaces, payment facilitators, and government agencies. Read more. |
Colombia
Colombia | |||
Tax legislation approved and regulatory update | Indirect tax | 28 July 2025 | Draft legislation includes direct and indirect tax reform proposals. Read more. |
Administrative and case law | Tax compliance | 25 July 2025 | Foreign Account Tax Compliance Act (FATCA) reporting deadline. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 24 July 2025 | Tax incentive for investment in sports, recreation, and physical activity. Read more. |
Administrative and case law | Indirect tax | 22 July 2025 | No legal deadline for sending electronic messages confirming receipt of invoices. Read more. |
Costa Rica
Costa Rica | |||
Tax legislation approved and regulatory update | Tax compliance | 30 July 2025 | Postponement of implementation of new digital tax platform, guidance on related procedures. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 29 July 2025 | Final guidance on obligation of certain taxpayers to submit annual transfer pricing information return. Read more. |
Administrative and case law | Tax compliance | 21 July 2025 | Continuation of tax consultation system amid platform transition. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 16 July 2025 | Guidelines for disabling current platforms in preparation for implementation of new digital tax system. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 15 July 2025 | Updated FATCA and Common Reporting Standard (CRS) reporting deadline. Read more. |
Proposed legislation | Indirect tax | 10 July 2025 | Proposed increase to tax rate on fuels. Read more. |
Dominica
Dominica | |||
Proposed legislation | BEPS Pillar 1 | 16 July 2025 | Government introduces Country-by-Country (CbC) reporting legislation. Read more. |
Dominican Republic
Dominican Republic | |||
Tax legislation approved and regulatory update | Indirect tax | 16 July 2025 | Mandatory e-invoicing for small businesses. Read more. |
Mexico
Mexico | |||
Administrative and case law | Indirect tax | 29 July 2025 | List of 266 registered foreign providers of digital services (as of June 30, 2025). Read more. |
Administrative and case law | Tax compliance | 16 July 2025 | New guidelines on tax refund requests. Read more. |
Administrative and case law | Indirect tax | 15 July 2025 | Constitutionality of emissions tax confirmed by court decision (State of Mexico). Read more. |
Montserrat
Montserrat | |||
Tax legislation approved and regulatory update | Various tax topics | 30 July 2025 | Amendments to FATCA and Common Reporting Standard (CRS) regulations. Read more. |
Panama
Panama | |||
KPMG publication | Various tax topics | 30 July 2025 | Removal from European Union list of high-risk third countries, extension of FATCA and Common Reporting Standard (CRS) filing deadline. Read more. |
Saint Kitts and Nevis
Saint Kitts and Nevis | |||
Tax legislation approved and regulatory update | Indirect tax | 17 July 2025 | Tourism development levy to increase to 3%. Read more. |
Saint Lucia
Saint Lucia | |||
Tax legislation approved and regulatory update | Indirect tax | 22 July 2025 | Repeal of Value Added Tax (VAT) on imported sports equipment and property tax on sports business offices & 50% reduction in airport taxes. Read more. |
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines | |||
Tax legislation approved and regulatory update | Indirect tax | 22 July 2025 | E-tax platform expanded to online filing and payment of monthly Value Added Tax (VAT) and Pay-As-You-Earn (PAYE). Read more. |
Venezuela
Venezuela | |||
Tax legislation approved and regulatory update | Income tax | 17 July 2025 | Requirements for Special Economic Zones (SEZs) incentives. Read more. |
United States
For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States. Read TaxNewsFlash US
