April 22, 2024
2024-0837 Americas Tax Roundup | 22 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 tables Federal Budget 2024--2025
On 16 April 2024, Deputy Prime Minister and Federal Finance Minister, Chrystia Freeland, tabled the federal budget 2024-25. The budget contains tax measures affecting individuals and corporations, including an increase in the capital gains inclusion rate, but no change to the general corporate tax rate or the general personal income tax rates. Several of these measures were pre-announced leading up to budget day. - Mexico postpones visa requirement for nationals of Peru until 6 May 2024
On 18 April 2024, the Mexican government announced that the implementation of the visa requirement for nationals of Peru who travel to Mexico for business or tourism purposes has been postponed until 6 May 2024. This follows an announcement by the Peruvian government that it had rescinded its decision to require Mexican nationals to obtain a visa prior to entry into Peru. - Honduras eliminates consular visa requirement for Bolivian nationals entering the country
Bolivian nationals may now enter Honduras for business or tourism purposes using only their valid passports (without a consular visa) for up to 90 days cumulatively per calendar year. The agreement came into effect on 17 March 2024. The visa exemption applies to holders of ordinary Bolivian passports that are valid for at least six months who enter Honduras for business (e.g., to attend meetings, conferences, training sessions) or as tourists for up to 90 days cumulatively per calendar year. - The Latest on BEPS and Beyond | April 2024
EY’s Latest on BEPS and Beyond (April 2024 edition) is now available. Highlights in this edition include (1) Minister of Finance of Curaçao releases update on tax rulings policy; (2) OECD releases sixth annual peer review report and revised peer review documents on BEPS Action 6 relating to prevention of treaty abuse; and (3) International Monetary Fund releases working paper on the design of Pillar Two. - UPDATED! EY Green Tax Tracker (April 2024) | Get ahead and stay ahead of evolving global green tax policies
The EY Green Tax Tracker provides an overview of the green taxes and exemptions, sustainability incentives and carbon pricing regimes in effect in an ever-growing number of jurisdictions. Global sustainability policies and regulations are advancing at a rapid pace. As they grow in number and impact, so do the associated business impacts, risks and opportunities. The Green Tax Tracker can help you get ahead and stay ahead. - EU Public Country-by-Country Reporting (PCbCR) Developments Tracker now available
Under the European Union (EU) PCbCR Directive, certain multinational enterprise (MNE) groups operating in the EU are required to publicly disclose income taxes paid, and other tax and non-tax related information. As countries continue to transpose the Directive into national law, local nuances have emerged, which need to be carefully considered by MNE groups in scope. The EU PCbCR Developments Tracker provides an overview of the Directive and how each EU Member State and European Economic Area country is implementing the Directive.
| | | | | | | This week's newsletters | | | | | | | This week's tax treaty news from the Americas - Costa Rica and United Arab Emirates: comprehensive economic partnership agreement signed
- El Salvador and People’s Republic of China: negotiations for a free trade agreement begun
- Quebec and Belgium: amendment to social security agreement approved by Belgian Chamber of Representatives
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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. | | | |
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