A summary of the top weekly tax developments in the Americas

     This week's tax news from the Americas

• U.S. Court of International Trade orders liquidation and reliquidation of certain entries without IEEPA duties
  The United States Court of International Trade (CIT) has ordered US Customs and Border Protection (CBP) to liquidate and, where applicable, reliquidate certain import entries without regard to duties imposed under the International Emergency Economic Powers Act (IEEPA). The order follows the Supreme Court's recent decision in Learning Resources, which held the IEEPA-based duties were unlawful. "All importers of record whose entries were subject to IEEPA duties are entitled to the benefit of the Learning Resources decision," the CIT noted.

• Canada substantively enacts capital cost allowance and other business income tax measures in Bill C-15
  On 26 February 2026, amended Bill C-15, Budget 2025 Implementation Act, No. 1, received third reading in the House of Commons and became substantively enacted for Canadian financial reporting purposes. The bill implements key tax measures, including the reinstatement of accelerated capital cost allowance for most capital properties and enhancements to the scientific research and experimental development program. It also repeals the digital services tax, effective 20 June 2024.

• Canada Border Services Agency adjusts certain fees for inflation and GST/HST
  In Customs Notice 26-04, Changes to Certain Fees to Reflect Inflation and Taxes (published, 24 February 2026), the Canada Border Services Agency (CBSA) announced that it will adjust certain fees administered under the Service Fees Act for inflation. Additionally, beginning 1 April 2026, goods-and-services tax/harmonized sales tax (GST/HST) will apply to certain CBSA cost-recovery service fees for the clearance of travelers outside regular hours or at non-designated locations; services provided during regular hours at designated points of entry remain unaffected.

• Colombia | Highest court for tax matters clarifies documentation requirements for intercompany services
  On 12 February 2026, Colombia's Council of State held that taxpayers making cross-border payments for intragroup services must provide sufficient and appropriate documentation proving that intragroup services were rendered and generated identifiable benefits. The ruling emphasizes that withholding tax must be applied on cross-border payments to parent companies for management and direction services; failure to withhold tax makes the expense nondeductible for income tax purposes, even when transfer pricing requirements are met.

• Canada | Alberta Budget 2026 discussed
  On 26 February 2026, Alberta Minister of Finance and President of Treasury Board Nate Horner introduced the province's fiscal 2026 budget. The budget maintains current corporate income tax rates and personal income tax rates. It also proposes changes to the data center levy. Rather than applying to the value of computing equipment in large-scale data centers in Alberta, the levy would be based on a center’s actual power consumption. Power not drawn from Alberta’s existing power grid would be eligible for a 0% levy rate.

• Canada | Nova Scotia Budget 2026 discussed
  On 23 February 2026, Nova Scotia Minister of Finance and Treasury Board John Lohr introduced the province's fiscal 2026 budget. The budget contains no new taxes and no income tax increases but includes a proposed increase to the financial institutions capital tax.

• OECD releases Pillar One Amount B Pricing FAQs and 2026 version of the Pricing Automation Tool
  On 17 February 2026, the Organisation for Economic Co-operation and Development (OECD) released a document containing Amount B Pricing Frequently Asked Questions (FAQs) and an updated version of the Amount B Pricing Automation Tool, which automatically calculates the Amount B return.  The Amount B Pricing FAQs provide some clarifications on technical questions that stakeholders have raised about the pricing mechanism of Amount B. The updated version of the tool includes new data on sovereign credit ratings.

      This week's newsletters

• Report on recent US international tax developments - 6 March 2026
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• Tradelines - 6 March 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.

• Tax Matters @ EY - March 2026
  Our monthly Canadian summary to help you get up to date on recent tax news, case developments, publications and more.

    Upcoming EY webcasts

• 10 March: International tax talk quarterly series with the EY Global Tax Desk Network - March 2026
• 18 March: OECD efforts on global mobility matters
• 20 March: EY Center for Tax Policy monthly update - March 2026
• 23-24 March: 21st Annual EY International Tax Quantitative and Reporting Conference
• 25 March: BorderCrossings - with EY transfer pricing and tax professionals - March 2026

A calendar of all upcoming EY webcasts is available.

   Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 6 March 2026
• Tariffs after IEEPA | What the Supreme Court's decision means for your business – 25 February 2026

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

     Asia

• Hong Kong's 2026 - 2027 Budget proposes enhancements to tax-incentive measures

     Europe

• Czech Republic's SIRS has prepared locations for investment projects
• Dutch Supreme Court clarifies anti-abuse test for tax-neutral demergers

  This week's EY publications

     Mergers and acquisitions

• How commercial, growth and innovation fits in
• Portfolio balancing act: Divesting while integrating

     Partnerships

• Why partnerships still appeal despite low US corporate income tax rate

     Policy

• President Trump’s second administration at the one-year mark

     Tax

• Why some tax functions use data effectively while others struggle

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.