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

     This week's tax news from the Americas

• United States | Recent developments in US tariffs on automobiles and articles subject to tariffs
  On 29 April 2025, the White House issued an Executive Order affecting tariffs on imported articles and amendments to a prior Executive Order addressing specific tariffs on automobiles and automobile parts. The Executive Order clarifies that certain tariffs will not stack, providing some relief from additional tariffs imposed under various Executive Orders and Proclamations. The amendment to the automobile and automobile parts Executive Order provides incentives for domestic automobile producers.

      This week's newsletters

• Report on recent US international tax developments - 2 May 2025
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• Canada's Tax Matters @ EY - May 2025
  Our monthly Canadian summary to help you get up to date on recent tax news, case developments, publications and more.

• Trade Talking Points - April 2025
  Our monthly report with the latest insights from EY's Trade Strategy team.

      Upcoming EY webcasts

• 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
• 13 May: International tax talk quarterly series with the EY Global Tax Desk Network
• 14 May: Navigating the future: Financial services tax and finance transformation trends and opportunities for 2025

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 2 May 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

• Kenya Tax Appeals Tribunal rules that certain automatic transmission fluid is a non-lubricating oil for tariff purposes
• South African VAT-rate increase reversed — VAT rate to remain at 15% from 1 May 2025

     Asia

• Azerbaijan to require VAT registration for nonresident entities providing digital services to individuals
• Hong Kong proposes favorable amendments to BEPS 2.0 Pillar Two bill
• India suspends all visa services and Indian visas issued to Pakistani nationals
• Pakistan extends scope of electronic invoicing to corporate and noncorporate registered persons

     Europe

• Cyprus introduces documentation requirements for certain payments to nonresident companies
• Ireland provides additional details regarding the new Employment Permits Online (EPOS) system
• Ireland's public consultation on R&D tax credit and options to support innovation runs until 19 May 2025
• Italian Revenue to require a guarantee from nonresident entities with appointed VAT representative seeking registration on VIES
• Poland | Ministry of Finance updates obligatory e-invoicing regulations
• UK HMRC opens consultations on transfer pricing with proposals for SME exemption, ICTS and broader TP reform
• UK implements key changes to salary deductions and calculations for sponsored workers

     Middle East

• Saudi Arabia increases Saudization rates for roles in healthcare and tourism
• Saudi Arabia suspends short-term visas for nationals of 14 countries

      This week's EY publications

     Banking and capital markets

• From boom to bust: considerations for the securities lending industry
• Key actions to consider under the extended Treasury clearing deadlines

     Energy

• How a global firm moved swiftly to set up a stand-alone energy business

     IPOs

• How do you find the clarity to illuminate your path to IPO?

     Mergers and acquisitions

• M&A outlook signals more subdued US deal market activity in 2025

     Private equity

• Three cash disciplines to create value and resilience

     Power and utilities

• Outsmarting outages: AI predicts disruptions before they happen

     Tax

• How tax and finance functions can form a talent transformation roadmap/a>
• How GenAI is reshaping the future of tax talent
• The 2025 EY Global Tax Policy and Controversy Outlook
• What ViDA means for the rise of global e-invoicing
• Why customer experience and FATCA/CRS reporting should be integrated

     Trade

• The impact of tariffs and transfer pricing on global trade

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.