| | This week's tax news from the Americas - Peruvian Supreme Court concludes consulting services will only qualify as digital services if automatic and provided digitally
On 4 February 2025, the Peruvian Supreme Court, the highest authority on tax conflict resolution in Peru, published Resolution 2705—02024-LIMA, concluding that consulting services provided via email only qualify as digital services if they are automatic and provided through digital means. The Court’s decision contrasts with the Peruvian Tax Authority's latest position on consulting services, which asserts that consulting services qualify as digital services because they are included in the Income Tax Regulations' non-exhaustive list of services that could qualify as digital services.
- Uruguay's Executive Branch raises income limit to apply for simplified regime for personal income tax
In Decree No. 26/025, Uruguay's Executive Branch has increased the income limit for taxpayers who want to apply for the simplified regime for personal income tax for the 2025 tax period. The new limit allows taxpayers who have salaries up to 65,400 Uruguayan pesos (UYU65,400) (approximately USD 1,505) per month and up to 784,800 Uruguayan pesos (UYU784,800) (approximately USD 18,050) annually to qualify for the simplified regime.
- Canada | Northwest Territories budget 2025-26
On 6 February 2025, Northwest Territories Finance Minister Caroline Wawzonek tabled the territory's fiscal 2025-26 budget. The budget contains no new taxes and no income tax increases. The minister anticipates an operating surplus of CA$69m for 2024-25 and projects an operating surplus of CA$170m for 2025-26, as well as operating surpluses for each of the next three years.
- OECD updates main documentation package for MNEs participating in ICAP risk assessments
On 29 January 2025, the Organisation for Economic Co-operation and Development (OECD) Forum on Tax Administration updated its website to publish additional information regarding the main documentation package for participation in the International Compliance Assurance Programme (ICAP), which multinational enterprises (MNEs) must submit following the end of the selection stage and before the commencement of the risk assessment stage.
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| | About Americas Tax Roundup Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Mannetta, writer and editor Distributed weekly to all Americas Tax personnel. | |
