A summary of the top weekly tax developments in the Americas

     This week's tax news from the Americas

• USTR proposes action against Nicaraguan imports in Section 301 investigation
  On 20 October 2025, the Office of the US Trade Representative (USTR) announced its determination under Section 301 of the Trade Act of 1974 that Nicaragua's acts, policies, and practices related to abuses of labor rights, abuses of human rights and fundamental freedoms, and dismantling of the rule of law are unreasonable and burden or restrict US commerce. USTR is proposing a range of responsive actions, including withdrawal of preferential treatment under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) or 100% tariffs on imports from Nicaragua.

• Canada Border Services Agency releases notice of preliminary determinations regarding cast iron soil pipe
  On 9 October 2025, the Canada Border Services Agency (CBSA) made preliminary determinations of dumping and subsidizing with regard to cast iron soil pipe originating in or exported from the People's Republic of China, in accordance with subsection 38(1) of the Special Import Measures Act (SIMA). For goods released by the CBSA on or after 9 October 2025, provisional duties ranging from 213.4% to 329.2% (expressed as a percentage of export price) will now apply to the import of these goods.

• Argentina eliminates the mandatory disclosure regime (MDR)
  On 21 October 2025, the Argentine Tax Authority published General Resolution No. 5772/2025, repealing the informative regime for certain international transactions carried out with related foreign parties and those in non-cooperating or low-tax/no-tax jurisdictions. The repeal applies to fiscal years ending after 1 May 2025, and decreases compliance burdens by eliminating the reporting requirements for companies, nonprofit entities, trusts, mutual funds and permanent establishments in Argentina for those international transactions.

• Brazil signs Multilateral BEPS Convention
  On 20 October 2025, Brazil signed the Organisation for Economic Co-operation and Development's Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. This action aligns Brazil with global efforts to combat tax avoidance and enhance transparency and cooperation in cross-border taxation. Brazil must now complete domestic ratification procedures, including approval by Congress and presidential sanction, before depositing its Instrument of Ratification with the OECD.

      This week's newsletters

• Report on recent US international tax developments - 24 October 2025
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

      Upcoming EY webcasts

• 28 October: The GLP-1 effect: Redefining consumption patterns in CPG
• 6 November: CAMT: new guidance and the fate of the existing proposed regulations
• 12 November: Financial reporting for private companies – what you need to know for 2025
• 14 November: Tax in a time of transition
• 18 November: What EY 2025 Work Reimagined study reveals about AI and the workforce

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 24 October 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

• Argentina implements procedural changes that impact issuing of provisional residence certificates
• Barbados introduces free movement agreement for nationals of Belize, Dominica and St. Vincent and the Grenadines
• USCIS releases clarifying details on the $100,000 payment requirement for certain H-1B petitions
• US Department of Homeland Security implements immigration parole fee

     Asia

• Singapore updates renewal process for Re-Entry Permits for permanent residents

     Europe

• Belgium proposes technical amendments to its Pillar Two legislation
• EU adopts CBAM Omnibus Regulation
• French Government releases draft Finance Bill for 2026
• G20 Chair's Summary of Finance Ministers' meeting references Pillar Two engagement
• Ireland announces changes impacting foreign nationals and their employers
• Italian Government approves draft 2026 Budget Law with tax measures affecting banks, other financial intermediaries and insurance companies

     Oceania

• New Zealand Government strengthens business-to-government e-invoicing requirements

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.