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.
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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