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

     This week's tax news from the Americas

• USTR issues Notice of Action after investigating China's purported targeting of maritime, logistics, shipbuilding sectors — comments due 19 May
  After its year-long Section 301 Investigation regarding China's alleged targeting of the maritime, logistics and shipbuilding sectors, the United States Trade Representative (USTR) proposed, on 17 April 2025, fees on maritime transport services for Chinese operators, starting at US$50 per net ton. The fees would go into effect on 14 October 2025 and increase incrementally over the next three years. Additional duties are proposed on certain ship-to-shore cranes and cargo-handling equipment from China, with new origin rules that could affect a wide range of products. Public comments on the proposed actions are due by 19 May 2025, with requests to appear at the public hearing required by 8 May 2025.

• Canada | Latest relief measures for Canadian businesses impacted by US tariffs
  On 15 April 2025, Canada’s Minister of Finance announced a series of relief measures for Canadian businesses affected by the recent tariffs imposed by the United States (US). Certain importers of motor vehicles from the US have been granted remission of the 25% surtax imposed by the Government of Canada in response to US tariffs on automobiles and automobile parts. Additionally, a temporary six-month relief period from tariffs on US-origin products has been granted for certain sectors, applicable to goods imported before 16 October 2025.

• Argentina establishes procedures for the use of BOPREALs against tax and customs liabilities
  In General Resolution No. 5675, Argentina allows "Bonds for the Reconstruction for a Free Argentina" (BOPREALs for its Spanish acronym) Series 1A, 1B and 1C to be used to satisfy tax and customs obligations. To satisfy the tax and customs obligations, the BOPREALs must be irrevocably transferred to the Revenue and Customs Control Agency.

• Peru | Likely impact from US tariffs
  The 10% baseline tariff, imposed by US President Trump's Executive Order 14257, will directly affect various agricultural and textile products that originate from Peru and are imported into the United States. Companies that import these products into the United States, as well as companies that export to the US market, should identify the tariffs’ potential impacts.

      This week's newsletters

• Report on recent US international tax developments - 25 April 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 | April 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

• 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
• 9 May: How to support business customers when energy is everyone’s business

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 April 2025
• EY talks tax | Tax in a time of transition - 11 April 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

     Africa

• Ghana Revenue Authority announces VAT implementation on supply of non-life insurance services
• Nigeria announces reforms to the Expatriate Administration System and new e-Visa effective May 2025

     Asia

• India suspends the SAARC Visa Exemption Scheme for Pakistani nationals
• Thailand announces new Digital Arrival Card for certain non-Thai nationals

     Europe

• Italian Revenue to require a guarantee from nonresident entities with appointed VAT representative seeking registration on VIES

     Middle East

• MENA | Navigating US tariffs — transfer pricing considerations for MENA multinationals
• Saudi Arabia approves amendments to VAT Implementing Regulations

     Oceania

• New Zealand enacts generic emergency response tax relief measures and other changes

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.