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

• Report on recent US international tax developments - 25 October 2024
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.
• Global Tax Policy and Controversy Watch | October 2024 edition
  EY's monthly publication with recent developments in Global Tax policy and controversy.

     Upcoming EY webcasts

• 29 October: How to channel the talent forces and flows shaping the future
• 29 October: The future of AI in Tax: Insights and practical considerations for the tax function
• 30 October: How can e-invoicing in Asia-Pacific inform global implementations
• 30 October: US corporate income tax compliance: Insights from Tax Year 2023 and considerations for the future
• 31 October: EU Tax Policy in Transition: Navigating potential impact of US and EU political leadership changes
• 4 November: Brazil's OECD Alignment - Pillar Two and the arm's length principle

      2024 Election webcasts

• 6 November: Post-election 2024: Key insights for business leaders
• 7 November: 2024 US election impacts on state and local tax policy
• 8 November: Special post-election edition: Tax in a time of transition

A calendar of all upcoming EY webcasts is available.

     Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 25 October 2024
• EY talks tax | Tax in a time of transition: Legislative, economic, regulatory and IRS developments (18 October 2024)
• EY talks tax | International tax talk quarterly series with the EY Global Tax Desk Network (8 October 2024)
• EY talks tax | Corporate alternative minimum tax - what the proposed regulations could mean for companies (2 October 2024)

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

• US DHS announces protections for Lebanese nationals currently in the United States
• Venezuela suspends flights to Chile
• Chile suspends all flights to Venezuela

      Europe

• European Union adopts new visa-free policy for Serbian nationals entering the Schengen Area
• European Union's Entry and Exit System (EES) launch date delayed until further notice
• France | Latest information on electronic invoicing reform
• Finland increases salary requirements for certain residence permit applicants effective 1 November 2024
• Germany Federal Ministry of Finance publishes Minimum Tax Group Head Notification Form
• Germany finalizes e-invoicing administrative guidance
• Portugal adopts Pillar Two rules
• Slovakia increases VAT rate
• Slovenia announces new language requirements for certain foreign nationals

     Oceania

• Australia's non-sponsored visa pathways discussed

Additional resources

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.