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August 16, 2023

EY publication highlights 2023 Q2 tax policy developments across the Americas

The second 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 April through June 2023.

Highlights in this edition include:

  • Agreement to form a Regional Tax Cooperation Platform for the LATAM Region
  • OECD releases 2023 report on tax transparency in Latin America
  • Brazil transfer pricing law enforceable beginning 1 January 2024
  • US Senate approval of US - Chile tax treaty brings treaty closer to entering into force
  • Costa Rican Executive Branch files comprehensive tax reform bills
  • Dominican Republic Executive Branch enacts law implementing mandatory electronic invoicing
  • Mexico offers tax incentives to taxpayers who perform productive economic activities in the States of Oaxaca and Veracruz
  • US IRS releases guidance on Inflation Reduction Act credits


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


Americas Tax Policy Update Q2 2023