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 | Various tax topics | 14 February 2025 | Tax measures in 2025 budget. Read more. |
Bahamas
Bahamas | |||
Tax legislation approved and regulatory update | Indirect tax | 18 February 2025 | Instructions for new Value Added Tax (VAT) stamp portal. Read more. |
Barbados
Barbados | |||
Tax legislation approved and regulatory update | Indirect tax | 14 February 2025 | Extension of digital transformation tax credit. Read more. |
Brazil
Brazil | |||
Tax legislation approved and regulatory update | Indirect tax | 21 February 2025 | Guidance on extended tax benefits related to tax on industrialized products. Read more. |
Canada
Canada | |||
Proposed legislation | Various tax topics | 28 February 2025 | Tax provisions in 2025 budget (Alberta). Read more. |
Proposed legislation | Various tax topics | 20 February 2025 | Tax proposals in 2025 budget (Nova Scotia). Read more. |
Proposed legislation | Income tax | 03 February 2025 | Tax increase to capital gains deferred to 2026. Read more. |
Chile
Chile | |||
Tax legislation approved and regulatory update | Various tax topics | 21 February 2025 | Updated procedures for transfer pricing adjustments, other direct and indirect tax developments. Read more. |
Colombia
Colombia | |||
Tax legislation approved and regulatory update | Income tax | 21 February 2025 | Temporary taxes to alleviate internal crisis. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 11 February 2025 | Reporting obligations for digital platform operators implemented. Read more. |
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Costa Rica
Costa Rica | |||
Proposed legislation | Tax compliance | 14 February 2025 | Proposed amendments to procedures for international tax information exchange. Read more. |
Tax legislation approved and regulatory update | Income tax | 13 February 2025 | Agreement on new strategic sectors for manufacturing companies under free trade zone regime. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 13 February 2025 | Deadline to implement changes in e-invoices extended. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 13 February 2025 | Guidance on obligation of certain taxpayers to submit annual transfer pricing information return. Read more. |
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Mexico
Mexico | |||
Tax legislation approved and regulatory update | Various tax topics | 10 February 2025 | Payroll tax benefit rules for 2025 (Mexico City). Read more. |
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Panama
Panama | |||
Tax legislation approved and regulatory update | Income tax | 18 February 2025 | Implementation of new form and tax code for SEM withholdings. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 17 February 2025 | Updated tax compliance deadlines and regulatory requirements. Read more. |
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Saint Kitts and Nevis
Saint Kitts and Nevis | |||
Tax legislation approved and regulatory update | Indirect tax | 27 February 2025 | Guidance on reduced Value Added Tax (VAT) rate for first half of 2025. Read more. |
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Saint Lucia
Saint Lucia | |||
Proposed legislation | Indirect tax | 14 February 2025 | Proposed Value Added Tax (VAT) exemptions for tourism sector, extension of moratorium on residential property tax. Read more. |
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Uruguay
Uruguay | |||
Tax legislation approved and regulatory update | Tax compliance | 13 February 2025 | Updated list of low or no tax jurisdictions. Read more. |
