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16 February 2026

Americas Tax Roundup | 16 February 2026

 
 

A summary of the top weekly tax developments in the Americas

 
 
      
 

     This week's tax news from the Americas

  • Canada updates federal procurement thresholds for free trade agreements
    In Contracting Policy Notice 2025-8 Trade Agreements: Thresholds Update, the Government of Canada updated the fiscal thresholds for determining whether federal procurement requests are subject to internal and international free trade agreements, applicable for the 2026 and 2027 calendar years. Internal and international free trade agreements apply to federal requests for procurements that meet or exceed listed Canadian dollar thresholds, subject to certain exceptions. These agreements set out rules relating to various aspects of the procurement process, including the publication of notices of intended procurement, time limits for the tendering process, technical specifications, tendering procedures and the awarding of contracts.
  • Uruguayan Tax Authority suspends withholdings and advance payments on foreign-source income accrued in January 2026
    In Resolution No. 543/026 (published 4 February 2026), the Uruguayan Tax Authority (DGI) suspended withholding and advance payments on foreign source investment income and capital gains accrued in January 2026 under the personal income tax (PIT) regime. The suspension follows the expansion of the PIT to capital gains obtained through nonresident entities effective 1 January 2026, as enacted by Budget Law No. 20.446. Because the government has not issued regulations on the PIT expansion, the DGI suspended the compliance obligations for the month of January.
  • Uruguayan Tax Authority opens application period for exclusion from payment under QDMTT
    On 30 January 2026, the DGI announced the opening of the application period for the exclusion from payment of the Qualified Domestic Minimum Top-Up-Tax (QDMTT). Under certain circumstances, multinational groups with specific agreements signed before the QDMTT took effect may qualify for the exclusion. Eligible taxpayers may submit their applications beginning 1 September 2026.
  • Canada | Northwest Territories budget 2026 discussed
    On 5 February 2026, Northwest Territories Finance Minister Caroline Wawzonek introduced the territory's fiscal 2026 budget. The budget contains no new taxes and no income tax increases. The minister anticipates an operating surplus of CA$9m for 2025-26 and projects an operating surplus of CA$20m for 2026-27, as well as operating surpluses for each of the next three years.
  • OECD releases updated Manual on Effective Mutual Agreement Procedures
    On 2 February 2026, the Organisation for Economic Co-operation and Development (OECD) published the first updated version of the Manual on Effective Mutual Agreement Procedures (MEMAP) since it was first released in 2007. MEMAP (2026 edition) forms a comprehensive update of the MEMAP. Whereas the original MEMAP was structured around specific topics, MEMAP (2026 edition) follows the different phases of the Mutual Agreement Procedure (MAP), from the pre-MAP phase to the bilateral phase of MAP.
  
 
 

    This week's newsletters

  • Tradelines - 13 February 2026
    Our weekly trade newsletter for global business leaders delivers timely insights into the issues shaping global commerce—from tariff shifts and supply chain disruptions to legislative developments and compliance trends.
  
 
 

    Upcoming EY webcasts

A calendar of all upcoming EY webcasts is available.

  
 
 

   Recent EY podcasts

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

     Asia

    Middle East

  
 
 
 

Additional resources

EY Global Tax News Update
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EY Guides available for download
Browse our in-depth guides covering corporate tax, indirect tax, personal taxes, TP and other tax matters in more than 150 countries.

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.

 
 

Document ID: 2026-0430

 

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