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

     This week's tax news from the Americas

• US President Trump announces 25% additional tariff on imported automobiles and automobile parts
  On 26 March 2025, President Trump announced 25% additional tariffs on imports of automobiles and automobile parts. The 25% ad valorem tariff is in addition to any other duties, fees, exactions and charges applicable to the automobiles and automobile parts. The tariffs are declared under several authorities, including Section 301 of title 3, United States Code, section 604 of the Trade Act of 1974, and Section 232 of the Trade Expansion Act of 1962.

• Canada is eliminating consumer carbon tax
  In new regulations published 15 March 2025, the Department of Finance effectively eliminates the fuel charge imposed under Part 1 of the Greenhouse Gas Pollution Pricing Act (GGPPA) by reducing fuel charge rates to zero, effective 1 April 2025. Fuel charge registration and reporting requirements will not apply after that date. Other regulations published the same date make coordinating amendments to Schedule 2 of the GGPPA. The changes are part of the federal government's effort to refocus pollution pricing on industrial carbon pricing.

• Canada | Manitoba budget 2025-26
  On 20 March 2025, Manitoba Finance Minister Adrien Sala tabled the province's fiscal 2025-26 budget. The budget does not propose changing the province’s corporate or personal income tax rates. It would, however, increase the payroll tax exemption threshold to CA$2.5m and impose retail sales tax on cloud computing services, which may affect businesses utilizing these services. The changes would be effective from 1 January 2026.

• Canada | New Brunswick budget 2025-26
  On 18 March 2025, New Brunswick Minister of Finance and Treasury Board René Legacy tabled the province's fiscal 2025-26 budget. The budget contains no new taxes or income tax increases but does include a previously announced rebate on the provincial portion of the Harmonized Sales Tax for certain purpose-built rental housing construction.

• Canada | Saskatchewan budget 2025-26
  On 19 March 2025, Saskatchewan Finance Minister Jim Reiter tabled the province's fiscal 2025-26 budget. The budget does not propose changing the province’s corporate or personal income tax rates. Other proposals include extending the application period for the existing Saskatchewan Commercial Innovation Incentive by two years to 30 June 2027 and introducing a five-year incentive to drill new horizontal sections on existing low-productivity, suspended, and inactive horizontal wells.

• Peru and United Kingdom sign double-tax treaty
  On 20 March 2025, Peru and the United Kingdom signed an income tax treaty following years of negotiations. The treaty is set to take effect upon the completion of domestic procedures.

• EU may postpone countermeasures to US tariffs to mid-April 2025
  On 20 March 2025, the European Union (EU) announced that it is postponing until mid-April 2025 its response to US-imposed tariffs on steel and aluminum. The revised implementation date for the EU’s trade countermeasures has not yet been announced. Initially, the European Commission had planned to reimpose 2018 tariffs on €4.5b (US$4.9b) worth of US products on 1 April 2025, followed by tariffs on an additional €18b of US goods on 13 April 2025. European Trade Commissioner Maros Sefcovic announced that the timing of the two sets of countermeasures would be aligned to allow for consultations with Member States and to extend the negotiation period with the United States. The delay in implementing the countermeasures also potentially allows for changes to the specific US goods targeted by any measures.

• Jamaica proposes accelerated capital allowances for certain expenditures and reduced dividend withholding tax rates
  In an annual budget speech delivered 11 March 2025, Jamaica's Minister of Finance proposed accelerated capital allowances for specific capital expenditures incurred during 2025 and 2026. Other proposals included a reduction in the dividend withholding tax rate for nonresidents, alongside various measures affecting personal and consumption taxation.

      This week's newsletters

• Report on recent US international tax developments - 28 March 2025
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• The Latest on BEPS and Beyond | 2024 and 2025
  Our monthly report with brief summaries of the latest activity in the OECD Base Erosion and Profit Shifting (BEPS) project as well as country specific legislative and administrative activity, including global and regional policy trends related to the global focus on BEPS.

      Upcoming EY webcasts

• 1 April: What Q1 IFRS Quarterly Tax Developments could impact tax accounting
• 8 April: How to navigate the latest developments in sustainability reporting
• 9 April: EU Omnibus: Charting the path forward for CBAM
• 11 April: Tax in a time of transition
• 23 April: Global economic outlook: the first 100 days into the Trump administration
• 30 April: Beyond the Trump Administration’s First 100 Days: What’s Next for Businesses?
• 30 April: US corporate income tax compliance - April 2025
• 7 May: How to manage increasing evidentiary requirements in transfer pricing

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 28 March 2025

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

• United States 2025 travel guide discussed

     Asia

• Malaysia to introduce new Investor Pass for eligible foreign investors

     Europe

• EU Member States reach political agreement on DAC9
• Romania simplifies citizenship regulations
• Spain | New draft regulation updates requirements for upcoming mandatory e-invoicing for B2B transactions
• Switzerland rejects proposal to ease residence authorization for qualifying dependents, launches new consultation to identify potential changes for eligible foreigners
• UK Spring Statement defers major tax announcements to Budget in Autumn 2025
• UK to increase fees for several immigration applications

     Middle East

• Qatar amends provisions of Income Tax Law No. (24) of 2018 to introduce DMTT and IIR
• Saudi Arabia announces 22nd wave of Phase 2 e-invoicing integration
• UAE expands visa on arrival facility to additional categories of Indian nationals
• UAE Ministry of Finance releases Accredited Service Provider accreditation process and criteria

     Oceania

• Australia's 2025-26 Federal Budget

Additional resources

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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.