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.
Anguilla
Anguilla | |||
Tax legislation approved and regulatory update | Indirect tax | 12 November 2025 | Implementation of general services tax on broad range of services. Read more. |
Antigua and Barbuda
Antigua and Barbuda | |||
KPMG Publication | Various tax topics | 05 November 2025 | Recent guidance under Common Reporting Standard (CRS) regime. Read more. |
Argentina
Argentina | |||
Tax legislation approved and regulatory update | Trade & Customs | 05 November 2025 | Recent guidance under Common Reporting Standard (CRS) regime. Read more. |
| Tax legislation approved and regulatory update | Various tax topics | 13 November 2025 | Tax collection measures for non-profits suspended, tax exemptions and incentives related to mutual guarantee contracts maintained. Read more. |
| Tax legislation approved and regulatory update | Trade & Customs | 5 November 2025 | New digital tool for exporters. Read more. |
Barbados
Barbados | |||
Administrative and case law | Tax compliance | 25 November 2025 | Guidance on FATCA and Common Reporting Standard procedural manual requirements. Read more. |
Brazil
Brazil | |||
Tax legislation approved and regulatory update | Income tax | 25 November 2025 | Dividend withholding tax and refund mechanism for foreign investors. Read more. |
Administrative and case law | Indirect tax | 20 November 2025 | Cross-border payments under agreements without technology transfer subject to 10% Contribuição de Intervenção no Domínio Econômico (CIDE) (Federal Supreme Court decision). Read more. |
Proposed legislation | Indirect tax | 20 November 2025 | Proposed 7% digital social contribution tax. Read more. |
| Tax legislation approved and regulatory update | Trade & Customs | 20 November 2025 | Expansion of tax incentives for exports. Read more. |
| Proposed legislation | Income tax | 06 November 2025 | Transfer pricing implications of proposed 10% dividend withholding tax for Multinational Enterprises (MNEs). Read more. |
Canada
Canada | |||
Proposed legislation | Various tax topics | 26 November 2025 | Proposed tax measures in 2025 fall economic update (Quebec). Read more. |
| Proposed legislation | Various tax topics | 7 November 2025 | Direct and indirect tax measures in 2025 Fall Economic Update (Ontario). Read more. |
| Proposed legislation | Various tax topics | 05 November 2025 | Direct and indirect tax measures in 2025 federal budget, including amendments to modernize transfer pricing rules. Read more. |
Cayman Islands
Cayman Islands | |||
Tax legislation approved and regulatory update | Tax compliance | 14 November 2025 | New country-by-country (CbC) reporting portal launched, re-registration required. Read more. |
Chile
Chile | |||
Tax legislation approved and regulatory update | Indirect tax | 11 November 2025 | Adjusted excise tax rates on fuels. Read more. |
Costa Rica
Costa Rica | |||
Tax legislation approved and regulatory update | Tax compliance | 04 November 2025 | Mandatory reporting of transactions not supported by electronic vouchers. Read more. |
Mexico
Mexico | |||
Tax legislation approved and regulatory update | Trade & Customs | 26 November 2025 | Reforms to customs law. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 21 November 2025 | List of 270 registered foreign providers of digital services (as of October 31, 2025). Read more. |
Tax legislation approved and regulatory update | Various tax topics | 14 November 2025 | Various direct and indirect tax amendments, new tax benefits in Yucatán. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 12 November 2025 | Updates to electronic invoicing (CFDI) included in 2026 tax reform. Read more. |
| Tax legislation approved and regulatory update | Various tax topics | 12 November 2025 | Tax provisions affecting digital platforms in 2026 tax reform. Read more. |
Panama
Panama | |||
Tax legislation approved and regulatory update | Trade & Customs | 19 November 2025 | Approval of agreement to join Southern Common Market (Mercosur). Read more. |
| Tax legislation approved and regulatory update | Tax compliance | 11 November 2025 | Amended criteria for using free electronic invoicing (e-invoicing) service. Read more. |
