28 October 2024

Americas Tax Roundup | 28 October 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 issues proposed legislation for new clean electricity investment tax credit
    Draft legislative proposals that would establish a new clean electricity investment tax credit (ITC) in Canada were released for public consultation. The new 15% refundable tax credit, which was first announced in the 2023 federal budget, is intended to support "clean electricity technologies and proponents" in expanding the capacity of Canada's clean electricity grid and accelerating progress toward a net-zero grid.
  • Argentina reduces payment term for imports
    In a Communication dated 17 October 2024, the Argentine Central Bank (BCRA) allows entities sending deferred payments through the foreign exchange market to make those payments 30 days after the goods are officially imported. Previously, entities had to pay 50% of the deferred payments after 30 days and the remaining 50% after 60 days. The change applies for goods officially imported beginning 21 October 2024.
  
 
 

     This week's newsletters

  
 
 

     Upcoming EY webcasts

      2024 Election 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

      Europe

     Oceania

  
 
 
 

Additional resources

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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 personnel.

 
 

Document ID: 2024-1964