08 April 2024

Americas Tax Roundup | 8 April 2024

 
 

A weekly summary of the top weekly tax news, trends
and developments in the Americas

 
 
      
 

      This week's tax news from the Americas

  • Canada's proposed clean hydrogen investment tax credit discussed
    EY reviews draft legislative proposals for the introduction of Canada's clean hydrogen investment tax credit (ITC), which was initially announced in the 2022 federal budget, confirmed in the 2023 federal budget and released for public consultation on 20 December 2023. The clean hydrogen ITC legislative proposals are generally consistent with the federal government's previous announcements relating to the credit. The draft legislative proposals also contained measures related to the clean technology manufacturing ITC.
  • Canada | Manitoba Budget 2024-25 includes certain business tax credits
    On 2 April 2024, Manitoba Finance Minister Adrien Sala tabled the province's fiscal 2024-25 budget. The budget contains several tax measures affecting corporations and individuals. The budget contains no increases in the corporate or personal income tax rates but does introduce a phase-out of a few business tax credits and the basic personal amount above a certain net income level, beginning in 2025.
  • EY Canada’s Tax Matters@EY - April 2024
    The latest edition of TaxMatters@EY is available. Highlights in this edition include (i) recent legislative developments and (ii) important considerations for registered retirement savings plans as individuals prepare for retirement.
  • Digital services tax – 2024 jurisdiction activity summary (1 April 2024)
    An updated version of EY's DST jurisdiction activity summary, current as of 1 April 2024, is now available. The summary outlines the status, scope, rate, thresholds, exclusions, and effective dates of DSTs in 24 jurisdictions. It also includes links to relevant EY Global Tax Alerts and EY contact details.
  
 
 

      This week's newsletters

  • Washington Dispatch | March 2024
    Prepared by Ernst & Young's International Tax and Transaction Services group, this monthly newsletter summarizes recent developments in US international taxation
  
 
 

      This week's tax treaty news from the Americas

  • Chile and Korea (Rep.): ninth round of negotiations for revision to free trade agreement held
  • Colombia and Netherlands: income tax treaty approved by Dutch Lower House
  
 
 

      Upcoming EY webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

      Recent EY podcasts

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

  
 
 

      This week's EY Global Tax Alerts

     Americas Tax Alerts

     Other Global Tax Alerts

     Human Capital Alerts

     Indirect Tax Alerts

  
 
 

 
     This week's EY Industry publications

     Banking & Capital markets

     People and workforce

     Managing Risk

  
 
 
 

Additional resources

EY Global Tax News Update
EY's Global Tax Alerts and other content can be delivered directly to your inbox. Register for EY's Global Tax News Update.

EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries.

Comments. If you have any questions or suggestions about this newsletter, please email Global Tax News Update Help at: globaltaxnewsupdatehelp@ey.com.

 
 
 
 

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Brittenham, writer and editor

Distributed weekly to all Americas Tax personnels.

 
 

============================

Document ID: 2024-0752