01 January 2026

2025 Year in Review | Tax Alerts: Americas

Africa | Americas | Asia | Europe | Middle East
Oceania | International Organizations

This year in review lists all EY Tax Alerts concerning significant developments in the Americas during 2025.

 
Argentina
12.18.2025Argentina updates transfer pricing compliance obligations (2025-2556)
12.08.2025Argentina allows exporters to convert and display tax credit balances and export refunds in US dollars (2025-2449)
12.02.2025Argentina proposes amendments to its transfer pricing regime (2025-2402)
10.31.2025Argentina updates income tax regulations affecting transfer pricing compliance obligations (2025-2204)
10.23.2025Argentina eliminates the mandatory disclosure regime (MDR) (2025-2140)
10.01.2025Argentina's MLI enters into force on 1 January 2026 (2025-1986)
09.29.2025Argentine Tax Authorities implement new procedure to recover the Impuesto PAIS (2025-1960)
07.08.2025Argentine Tax Authorities implement procedure to recover Impuesto PAIS payments (2025-1403)
06.20.2025Argentine Executive Branch sends bill to Congress to simplify tax procedures and reduce statute of limitations (2025-1308)
06.02.2025Argentina issues measures to further deregulate (2025-1174)
05.30.2025Argentina enacts Multilateral Instrument law (2025-1162)
05.15.2025Argentina implements installment plan for corporate income tax obligations (2025-1062)
05.12.2025Argentine Central Bank allows subscription of BOPREAL Series 4 to pay remaining debts (2025-1039)
05.09.2025Argentine Senate approves Multilateral Instrument (2025-1034)
04.18.2025Argentina establishes procedures for the use of BOPREALs against tax and customs liabilities (2025-0922)
04.15.2025Argentina eliminates most remaining Foreign Exchange controls (2025-0896)
01.07.2025Argentina eliminates the Impuesto PAIS (2025-0160)
01.07.2025Argentina-China double tax treaty enters into force (2025-0148)
Bermuda
12.15.2025Bermuda Parliament adopts Tax Credits Act 2025 and Corporate Income Tax Amendment (No. 2) Act 2025 (2025-2519)
09.23.2025Bermuda releases consultation on substance-based tax credits (2025-1913)
09.19.2025Bermuda releases second public consultation for CIT technical amendments (2025-1897)
06.11.2025Bermuda releases first public consultation for CIT technical amendments (2025-1236)
05.22.2025Bermuda releases final CIT administrative regulations (2025-1124)
02.25.2025Bermuda releases third public consultation for CIT administrative provisions (2025-0554)
02.05.2025Bermuda releases public consultation for CIT enforcement provisions (2025-0395)
Brazil
12.19.2025Brazil's Congress approves bill reducing federal incentives and increasing taxation of certain industries and instruments (2025-2572)
12.18.2025Brazilian tax authority issues guidance on new withholding tax on dividends paid to nonresidents (2025-2550)
11.06.2025Brazilian Senate approves 10% withholding tax on dividends paid to nonresident shareholders and Individual Income Tax changes (2025-2232)
10.22.2025Brazil signs Multilateral BEPS Convention (2025-2138)
10.09.2025Brazilian Government allows proposed tax changes affecting Interest on Net Equity, financial investments, betting operations and fintechs to expire (2025-2045)
07.18.2025Brazilian Supreme Federal Court partially reinstates Government Decree related to changes in IOF (2025-1533)
06.26.2025Brazilian Congress suspends Government Decrees related to changes in IOF, reestablishing rates set prior to 22 May 2025 (2025-1361)
06.25.2025Brazil publishes Provisional Measure affecting financial and capital markets taxation (2025-1356)
06.12.2025Brazilian Government announces substantial tax changes affecting Interest on Net Equity, financial investments, betting operations and IOF regulations (2025-1243)
05.27.2025Brazilian Government introduces changes to regulations dealing with taxation of financial operations (2025-1132)
04.15.2025Brazil enacts bill of law allowing for retaliatory taxation (2025-0901)
04.03.2025Brazil close to enacting bill of law allowing for retaliatory taxation (2025-0811)
04.02.2025Brazilian Senate approves bill of law allowing for retaliatory taxation (2025-0801)
03.19.2025Brazilian government proposes taxing dividends of nonresident shareholders (2025-0713)
01.29.2025Brazil's Federal Tax Authorities rule on treatment for online games and bets (2025-0352)
01.17.2025Brazil enacts indirect tax reform establishing new consumption taxes (2025-0276)
Canada
12.19.2025Canada | OECD Commentary 2025: Lower risk for remote work (2025-2569)
12.19.2025Canada releases information on measures announced to protect domestic steel industry (2025-2576)
12.18.2025Canada tables bill with accelerated capital cost allowance and other immediate expensing measures (2025-2564)
12.12.2025Canada Border Security Agency invites feedback on 2023 revisions to Valuation for Duty Regulations (2025-2484)
12.09.2025Canada announces new trade measures for steel imports (2025-2459)
12.02.2025Canada's 2025 budget implementation bill no. 1 introduced in House of Commons (2025-2401)
11.14.2025Canada's 2025 federal budget introduces revised transfer pricing rules (2025-2293)
11.06.2025Canada tables 2025 federal budget (2025-2240)
10.27.2025Canada Border Services Agency extends surtax remission for two more months (2025-2173)
10.21.2025Canada Border Services Agency releases notice of preliminary determinations regarding cast iron soil pipe (2025-2120)
10.03.2025Canada Border Services Agency releases notice of final determinations on PET resin (2025-2009)
09.26.2025Canada Border Services Agency releases notice of preliminary determinations for steel strapping (2025-1940)
09.23.2025Canada Department of Finance releases updated proposed legislation for expanded CRA audit powers (2025-1916)
09.23.2025Canada Revenue Agency announces streamlined Voluntary Disclosure Program (2025-1917)
09.22.2025Canada proposes amendments to Global Minimum Tax Act and Income Tax Act (2025-1908)
09.22.2025Canada Border Services Agency releases notice of preliminary determination for certain carbon and alloy steel wire (2025-1905)
09.19.2025Canada removing tariffs on certain US goods; Canadian business support measures announced (2025-1890)
09.16.2025Canada | Distributed investment plans required to request certain investor information by 15 October 2025 (2025-1868)
09.12.2025Canadian Department of Finance updates proposals to modify enhanced trust reporting requirements (2025-1844)
08.22.2025Canadian Department of Finance releases draft legislation for various previously announced measures and technical amendments (2025-1740)
08.20.2025Canada Revenue Agency extends administrative relief relating to Regulation 105 withholding tax on subcontractor fees (2025-1726)
08.20.2025Canada imposes additional surtaxes on certain steel and aluminum goods (2025-1728)
07.28.2025Canada announces additional support for domestic steel sector (2025-1610)
07.11.2025Canada Border Services Agency issues July 2025 trade compliance verification list (2025-1422)
07.10.2025Canada | G7 releases statement on Global Minimum Tax (Pillar Two) and Canada rescinds digital services tax (2025-1414)
07.10.2025Canada announces surtax on steel imports, initiates short supply consultations, halts DST collection (2025-1419)
07.10.2025Canada Revenue Agency transitions to online mail for most business correspondence (2025-1420)
06.26.2025Canada announces new border security legislation and further measures to protect steel and aluminum sectors (2025-1366)
06.06.2025Canada Border Services Agency updates customs notice for surtax remission (2025-1219)
06.05.2025Canada's DST may trigger proposed US IRC Section 899 (2025-1200)
05.20.2025Canada | Ontario budget 2025-26 (2025-1102)
05.15.2025Canada | Preparing for digital services tax filing and payment obligations (2025-1067)
05.05.2025Canadian Liberal Party's 2025 election platform tax measures (2025-0985)
04.21.2025Canada | Latest relief measures for Canadian businesses impacted by US tariffs (2025-0928)
04.16.2025Canada | Latest Canada-US trade developments — as of 10 April 2025 (2025-0907)
04.15.2025Canada | Prince Edward Island budget 2025-26 (2025-0902)
04.14.2025Canada Revenue Agency announces federal and provincial tax payment deferral until 30 June 2025 (2025-0886)
04.14.2025Canada | Newfoundland and Labrador budget 2025-26 (2025-0888)
03.31.2025Canada-China trade relations — March 2025 key developments (2025-0792)
03.28.2025Canada | Quebec budget 2025-2026 (2025-0783)
03.24.2025Canada | Manitoba budget 2025-26 (2025-0738)
03.21.2025Canada | Saskatchewan budget 2025-26 (2025-0727)
03.21.2025Canada is eliminating consumer carbon tax (2025-0728)
03.20.2025Canada | New Brunswick budget 2025-26 (2025-0726)
03.17.2025Canada imposes new tariffs on US-origin products in response to US tariffs on Canadian steel and aluminum products (2025-0700)
03.13.2025European Union and Canada counter US steel and aluminum tariffs with retaliatory measures (2025-0659)
03.11.2025Canada responds to US Executive Orders imposing tariffs on imports originating in Canada (2025-0646)
03.06.2025Canada | British Columbia budget 2025-26 (2025-0615)
03.04.2025Canada | Alberta budget 2025-26 (2025-0594)
02.27.2025Canada | Nunavut budget 2025-26 (2025-0576)
02.21.2025Canada | Nova Scotia issues 2025-2026 budget (2025-0536)
02.21.2025Canada Department of Finance confirms employee stock option change deferred to 2026 (2025-0538)
02.11.2025Canada | Northwest Territories budget 2025-26 (2025-0449)
02.05.2025Canadian government announces deferred implementation date for capital gains inclusion rate change (2025-0407)
01.30.2025Canada will extend 2024 charitable contribution deadline to 28 February 2025 (2025-0357)
01.24.2025Canada Border Services Agency issues 2025 trade compliance verification list update (2025-0320)
01.22.2025Canadian International Trade Tribunal continues its order for carbon steel welded pipe; SIMA values to be reviewed annually (2025-0290)
01.13.2025Canada | Impact of prorogation on outstanding income tax proposals (2025-0212)
01.03.2025Canada's updates to developing-country tariff preference programs and direct shipment requirements come into force in 2025 (2025-0120)
Cayman Islands
12.12.2025Cayman Islands releases regulations implementing Crypto-Asset Reporting Framework and amended Common Reporting Standards (2025-2487)
Chile
09.11.2025Chile confirms US Tax Treaty-based exemption for software program reseller payments (2025-1836)
07.28.2025Chile issues regulations for simplified VAT registration for digital platforms (2025-1592)
07.28.2025Chile proposes tax reform bill increasing taxation on high-income earners and investment funds (2025-1601)
04.04.2025Chile releases new regulations for neutral tax reorganization regime (2025-0817)
03.12.2025Chile releases updated list of 'blacklisted' jurisdictions (2025-0649)
Colombia
11.07.2025Colombian Constitutional Court rules on validity of temporary tax measures imposed to address 'State of Internal Commotion' (2025-2246)
09.09.2025Colombia's Executive Branch submits 2026 tax reform bill to Congress (2025-1821)
02.17.2025Colombian Government establishes temporary taxes amid State of Internal Unrest (2025-0499)
Costa Rica
09.23.2025Costa Rican Tax Administration extends due date for FY 2024 Transfer Pricing Informative Return (2025-1912)
07.29.2025Costa Rican Tax Administration publishes Transfer Pricing Informative Return (2025-1615)
07.15.2025Costa Rican Tax Administration publishes resolution implementing new digital platform - TRIBU-CR (2025-1485)
06.27.2025Costa Rica Ministry of Finance confirms launch date of new tax platform and provides further details on transition process (2025-1379)
05.28.2025Costa Rica | New virtual tax administration platform to launch in August 2025 (2025-1142)
Dominican Republic
07.10.2025Dominican Republic arrangement with US on exchange of country-by-country reports has been published (2025-1416)
05.19.2025Dominican Tax Authority extends deadline for implementing Electronic Invoicing for Large Local and Medium Taxpayers (2025-1094)
01.03.2025Dominican Republic Tax Administration grants automatic extension for filing CbCR (2025-0125)
Honduras
12.09.2025Honduras publishes 'Guide on Country-by-Country Reporting (CbCR) Frequently Asked Questions' (2025-2461)
Jamaica
03.24.2025Jamaica proposes accelerated capital allowances for certain expenditures and reduced dividend withholding tax rates (2025-0742)
Mexico
01.23.2025Mexico offers new tax incentives applicable across all industries and geographies under 'Plan Mexico' strategy (2025-0303)
Peru
12.19.2025Peru and United Kingdom have now both ratified double-tax treaty (2025-2574)
08.26.2025Peru | MLI practical effects begin on 1 January 2026 (2025-1755)
06.17.2025Peru deposits MLI with OECD (2025-1282)
06.02.2025Peruvian Executive Branch ratifies OECD Multilateral Convention (2025-1169)
05.09.2025Peruvian Tax Authority amends guidelines to determine whether services qualify as digital services (2025-1033)
04.16.2025Peru | Likely impact from US tariffs (2025-0905)
03.24.2025Peru and United Kingdom sign double-tax treaty (2025-0734)
03.17.2025Peruvian Congress ratifies the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) (2025-0696)
02.12.2025Peruvian Supreme Court concludes consulting services will only qualify as digital services if automatic and provided digitally (2025-0459)
01.09.2025Peru enacts laws related to tax benefits affecting energy, hospitality and other business sectors (2025-0172)
United States
Note that additional alerts about U.S. tax developments appear on the federal, international, and global mobility year in review pages.
12.18.2025USTR issues notice implementing new trade framework between the United States, Switzerland and Liechtenstein (2025-2566)
12.16.2025US Court of International Trade clarifies refund pathway for IEEPA tariffs, denies preliminary injunction in IEEPA-related refund case (2025-2530)
11.17.2025US announces new trade frameworks and expanded agricultural tariff exclusions (2025-2308)
11.04.2025US President announces new trade and economic deal with China and commitments to Republic of Korea (2025-2220)
10.01.2025US expands export controls to include 50% 'Affiliates Rule' for restricted parties (2025-1984)
09.30.2025US President announces new Section 232 tariffs on imports of timber, lumber and their derivative products (2025-1963)
09.26.2025US Trade developments include announced new tariffs on pharmaceuticals, Section 232 investigations into imports including robotics, industrial machinery, PPE and medical equipment (2025-1948)
09.18.2025US-Japan Agreement updated and public comment period open for Section 301 extensions (2025-1882)
09.15.2025US Executive Order modifies scope of certain tariffs and establishes procedures for implementing trade and security agreements (2025-1863)
09.10.2025US Supreme Court will hear oral arguments in tariff case in early November 2025; opening briefs due soon (2025-1832)
09.08.2025US President Trump issues Executive Order implementing terms of United States-Japan Agreement (2025-1803)
09.03.2025USTR extends product exclusions subject to Section 301 tariffs through 29 November 2025 (2025-1786)
08.06.2025US imposes additional tariffs on India for buying oil from Russia (2025-1663)
08.01.2025US suspends duty-free de minimis treatment for low-value shipments (2025-1633)
08.01.2025US imposes tariffs on copper products (2025-1634)
08.01.2025US imposes additional tariffs on imports from trading partners (2025-1640)
07.31.2025US imposes additional tariffs on Brazilian-origin goods (2025-1632)
07.08.2025US sends tariff letters to various countries ahead of the new negotiation deadline of 1 August 2025 (2025-1397)
06.04.2025US increases import tariffs of aluminum and steel (2025-1192)
06.03.2025USTR extends certain exclusions from China Section 301 tariffs (2025-1186)
05.30.2025Court of International Trade rules tariffs under International Emergency Economic Powers Act unlawful; appeals court temporarily reinstates tariffs as case proceeds (2025-1163)
05.13.2025US and China reach trade deal, as US Department of Commerce initiates investigation on aircraft and jet engines (2025-1051)
05.09.2025US and UK unveil trade deal (2025-1026)
04.30.2025United States | Recent developments in US tariffs on automobiles and articles subject to tariffs (2025-0970)
04.25.2025USTR issues Notice of Action after investigating China's purported targeting of maritime, logistics, shipbuilding sectors — comments due 19 May (2025-0941)
04.15.2025US launches investigation into pharmaceuticals and semiconductors (2025-0899)
04.14.2025US exempts certain electronic products from tariffs under President Trump's Reciprocal Tariff Policy (2025-0893)
04.11.2025US suspends President Trump's Reciprocal Tariff Policy for 90 days, except for China (2025-0868)
04.03.2025US imposes President's Reciprocal Tariff Policy against trading partners and ends duty-free treatment for low-value shipments from China (2025-0815)
04.03.2025EU | United States to impose President Trump’s Reciprocal Tariffs on goods originating from the European Union (2025-0814)
03.28.2025APA report for 2024 shows consistent number of APAs executed in less time (2025-0773)
03.27.2025US President Trump announces 25% additional tariff on imported automobiles and automobile parts (2025-0767)
03.07.2025US adjusts tariffs on Canada and Mexico in response to automotive industry concerns (2025-0626)
03.05.2025United States imposes additional tariffs on Canada and Mexico, raises additional tariffs on China (2025-0609)
03.04.2025US initiates investigation into imports of timber, lumber and their derivative products (2025-0593)
01.24.2025President Trump takes office and issues a series of Executive Orders (2025-0313)
01.23.2025US issues Executive Order on BEPS 2.0 (2025-0304)
01.22.2025US Customs and Border Protection proposes rule that would eliminate duty exemption for goods subject to punitive tariffs (2025-0292)
01.22.2025United States President signs 'America First Trade Policy' Presidential Memo (2025-0294)
01.21.2025US publishes interim final rule addressing additional implementing regulations related to textile and apparel goods, automotive goods and other USMCA provisions (2025-0285)
01.16.2025US Customs and Border Protection publishes amendments for entry of low-value shipments (2025-0258)
Uruguay
12.10.2025Uruguayan Parliament approves the National Budget for 2025—2029 (2025-2467)
12.08.2025Uruguayan Parliament modifies budget bill to clarify entry into force of the Qualified Minimum Domestic Top-Up Tax (2025-2453)
10.30.2025Uruguay extends reduced VAT rate for tourism sector through 30 April 2026 (2025-2194)
10.07.2025Uruguay proposes amendments to National Budget Bill 2025-2029 (2025-2031)
09.09.2025Uruguay regulates food donations and grants tax incentives (2025-1817)
09.09.2025Uruguay presents bill proposal for the National Budget 2025-2029 (2025-1825)
05.05.2025Uruguay extends application of reduced VAT rate for tourism sector through 30 April 2026 (2025-0989)
04.07.2025Uruguay presents bill proposal to approve double taxation treaty with Turkiye (2025-0829)
02.07.2025Uruguay's Executive Branch raises income limit to apply for simplified regime for Personal Income Tax (2025-0434)
01.14.2025Uruguay modifies minimum nontaxable amount of Net Wealth Tax (2025-0232)
01.07.2025Uruguay updates list of countries or jurisdictions deemed low or no taxation (2025-0149)

Document ID: 2026-0012