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June 17, 2024

Americas Tax Roundup | 17 June 2024


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


     This week's tax news from the Americas

  • Brazilian Provisional Measure aims to constrain monetization of VAT credits
    In a Provisional Measure, Brazil introduced significant constraints for Brazilian taxpayers seeking to monetize value-added tax (VAT) credits. The Provisional Measure only allows taxpayers to use VAT credits to offset their PIS/COFINS (Program of Social Integration/Contribution for the Financing of Social Security) liability.
  • OECD releases updated FAQs for MNEs participating in ICAP risk assessments
    The OECD Forum on Tax Administration released updated frequently-asked-questions-and-answers (FAQs) on participating in the International Compliance Assurance Program (ICAP). The updated FAQs clarify, among other things, how multinational enterprises (MNEs) can use surrogate lead tax administrations from different jurisdictions, how ICAP can be applied on a segment of an MNE group and the availability of ICAP to taxpayers below the country-by-country-reporting threshold.

     This week's newsletters


     This week's tax treaty news from the Americas

  • Argentina and Tunisia: mutual interest in concluding the negotiations for a tax treaty renewed
  • Canada and Ecuador: second round of negotiations for a free trade agreement held
  • Chile and Paraguay: free trade agreement entered into force

     Upcoming EY webcasts

     Recently archived 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



     Middle East


Additional resources

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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 personnel.