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May 2, 2023

EY publication highlights 2023 Q1 tax policy developments across the Americas

The first quarter of 2023 ushered in several significant tax policy developments across the Americas. The attached Americas Tax Policy Update highlights the top tax policy developments from January through March 2023.

Highlights in this edition include:

  • Brazil issues guidance on new transfer pricing rules
  • Canada discusses 2023/2024 federal budget
  • Chile rejects tax reform bill
  • Colombia releases new development plan
  • Costa Rica added to EU list of non-cooperative jurisdictions (Annex I) for the first
  • Honduran Government to file new tax reform before the National Congress
  • Mexico formally ratifies MLI


Contact Information
For additional information concerning this Alert, please contact:
Washington Council Ernst & Young
   • Cathy Koch, Americas Tax Policy Leader (
   • Julie Byrne, Global Tax Policy (



Americas Tax Policy Update Q1 2023