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

     This week's tax news from the Americas

• US suspends President Trump's Reciprocal Tariff Policy for 90 days, except for China
  On 9 April 2025, President Trump announced a 90-day pause on much of his Reciprocal Tariff Policy, originally announced on 2 April 2025. Additionally, President Trump responded to measures from the People's Republic of China by increasing US tariffs on Chinese goods from 34% to 84% and then to 125%; this is in addition to the 20% tariffs under the International Emergency Economic Powers Act. The President further increased the formerly duty-free de minimis treatment for certain goods from mainland China and Hong Kong to either a 120% ad valorem duty rate or US$100 or US$200 specific duties.

• Chile releases new regulations on tax-free reorganizations
  In new regulations released 27 March 2025, the Chilean Tax Authorities updated the tax-neutral regime for domestic and foreign reorganizations, including new restrictions for reorganizations involving entities located in deemed tax-havens. These new regulations implement the provisions enacted as part of the tax compliance bill Law No. 21,713, in October 2024.

• Uruguay presents bill to approve double taxation treaty with Turkiye
  On 25 February 2025, the Uruguayan Executive Power presented a bill to the Uruguayan Parliament to approve the double taxation treaty between Uruguay and Turkiye. The treaty was signed by both countries on 12 November 2024.

      This week's newsletters

• Report on recent US international tax developments - 11 April 2025
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• IFRS version of Q1 Quarterly Tax Developments – March 2025
  Our publication provides a quarterly overview of enacted and substantively enacted tax legislation and IFRS accounting developments, as well as regulatory developments and other items.

      Upcoming EY webcasts

• 23 April: Global economic outlook: the first 100 days into the Trump administration
• 24 April: BorderCrossings . . .With EY transfer pricing and tax professionals
• 29 April: What’s next for BEPS 2.0: How the latest developments impact companies
• 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
• 8 May: Sustainability Tax webcast series: 100 days in: US federal and state sustainability tax policy update
• 9 May: Tax in a time of transition: Legislative, economic, regulatory and IRS developments

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 11 April 2025
• EY Podcast | How supply chain transformation is reshaping global business

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

• Brazil reinstates visa requirement for nationals of Australia, Canada and the United States

     Africa

• Ghana's Parliament amends tax laws following the 2025 budget statement presentation
• South African VAT rate increase to proceed
• Uganda issues Tax Amendment Bills for 2025

     Asia

• Republic of Korea requires new documentation for F-3 Dependent Visa applications

     Europe

• Germany publishes administrative guidance on Transaction Matrix
• Ireland to launch enhanced Employment Permits Online (EPOS) system on 28 April 2025
• Luxembourg adopts draft legislation approving tax treaty with Colombia
• Polish Ministry of Finance confirms there will be no further deferral of obligatory e-invoicing
• UK HMRC allows for unilateral APAs to provide certainty on cost contribution arrangements

     Middle East

• Kuwait streamlines residency transfers between the public and private sectors

Additional resources

Comments. If you have any questions or suggestions about this newsletter, please email Tax News Update Help at: ustaxalertshelp@ey.com.

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.