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

     This week's tax news from the Americas

• Canada imposes additional surtaxes on certain steel and aluminum goods
  On 1 August 2025, the Canada Border Services Agency updated Customs Notice 25-24, Order Imposing a Surtax on the Importation of Certain Steel Goods, to reflect the 50% surtax on imports of certain steel products from countries that do not have a free trade agreement with Canada and exceed the tariff rate quota of 100% of 2024 levels, effective immediately. Additionally, the government issued the Steel Goods and Aluminum Goods Surtax Order (SGAGS) on 30 July 2025. The SGAGS imposes an additional 25% tariff on certain steel imports containing steel melted and poured in China, as well as certain aluminum goods smelted and cast in China, adding to existing duties.

• Canada Revenue Agency extends administrative relief around Regulation 105 withholding tax on subcontractor fees
  On 13 August 2025, the Canada Revenue Agency announced that it is extending from 30 September 2024 to 30 June 2026 the previously announced administrative relief from withholding tax, interest and penalties with respect to Regulation 105 on subcontractor fees reimbursed to nonresidents, if certain conditions are met. As a result, affected businesses that require additional time to implement the change in position may continue to qualify until 30 June 2026 for relief from withholding tax, interest and penalties for relevant payments made to nonresidents.

      This week's newsletters

• Report on recent US international tax developments - 22 August 2025
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

      Upcoming EY webcasts

• 26 August: Tax credits and 'foreign entity of concern' under H.R. 1 - What companies need to know and consider now
• 3 September: HR 1: Legislative update and outlook for oil and gas and chemicals
• 17 September: Smarter legal spend: how to reimagine management of panel, talent and AI
• 19 September: Tax in a time of transition: legislative, economic, regulatory and IRS developments
• 30 September: Global economic outlook: complicated crosscurrents

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 22 August 2025
• EY talks tax | The 'One Big Beautiful Bill Act': Key international tax provisions - 29 July 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 introduces Advance Pricing Agreements
• Kenya provides payment timeline for minimum top-up tax

     Asia

• China | Draft VAT Implementation Regulations released — One step closer to VAT law implementation
• Singapore releases updated salary benchmarks for Employment Pass applicants

     Europe

• Ireland's Pillar Two Hub and registration platform is live
• Luxembourg proposes legislation on GloBE Information Return, exchange of information and Administrative Guidance on Article 9.1
• Luxembourg to transpose DAC8, extending automatic information exchange on crypto assets, life insurance income, tax rulings for individuals and digital currencies

     Oceania

• Australia's High Court dismisses Tax Commissioner's appeal in PepsiCo: No royalties under arm's-length contract absent express provision for royalties

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.