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