A summary of the top weekly tax developments in the Americas

     This week's tax news from the Americas

• Argentina enacts amendments under Labor Modernization Law affecting income tax, VAT, and excise taxes
  On 6 March 2026, Argentina enacted Law No. 27,802 through publication in the Official Gazette. Although the Law primarily introduces labor law reforms, it also includes changes to income tax, value-added tax (VAT) and excise taxes, aimed at reducing taxes in select sectors. Key changes include inflation-adjustment for tax losses, VAT relief for agro-industrial energy use, repeal of excise taxes for specific goods and services, and tax incentives to encourage investment by small and medium-sized businesses.

• Argentina extends application period for Incentive Regime for Large Investments and amends related regulations
  In Decree No. 105/2026, the Argentine Executive Branch extended the due date to apply for the Incentive Regime for Large Investments from 8 July 2026 to 8 July 2027. It also refined technical definitions and eligibility criteria in regime-related regulations and updated certain operational and investment thresholds for certain sectors, such as technology and oil and gas.

• Canada | Québec budget 2026
  On 18 March 2026, Québec Finance Minister Éric Girard introduced the province's fiscal 2026 budget, with no changes to corporate or personal income tax rates. Among other things, the budget proposed modifying the refundable tax credit for Québec film or television productions and expanding eligibility for the refundable tax credit for print media to news agencies and news media broadcasting news programs on radio and television.

• Canada | Manitoba Budget 2026
  On 24 March 2026, Manitoba Finance Minister Adrien Sala introduced the province's fiscal 2026 budget. No changes are proposed to corporate or personal income tax rates.

• Canada | Saskatchewan Budget 2026
  On 18 March 2026, Saskatchewan Finance Minister Jim Reiter introduced the province's fiscal 2026 budget, with no changes to corporate or personal income tax rates. Proposed changes include (1) increasing the refundable research and development tax credit for Canadian-controlled private corporations by raising the annual qualifying expenditure limit from CA$1m to CA$2m, effective from 16 December 2024; (2) increasing the corporation capital tax rate for large financial institutions from 4% to 6%, effective 1 April 2026, and (3) eliminating the capital tax on small financial institutions as of 1 April 2026.

• Canada | Yukon Budget 2026
  On 19 March 2026, Yukon Finance Minister Currie Dixon introduced the territory's fiscal 2026 budget. The budget contains no new taxes and no income tax increases.

    This week's newsletters

• Report on recent US international tax developments - 27 March 2026
  Our weekly report with brief summaries of all the week's US international tax developments and related activity.

• Tradelines - 27 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.

• The Latest on BEPS and Beyond – 19 March 2026
  Our monthly report with brief summaries of the latest activity in the OECD Base Erosion and Profit Shifting (BEPS) project as well as country specific legislative and administrative activity, including global and regional policy trends related to the global focus on BEPS.

• Trade Talking Points | Latest insights from EY's Trade Strategy team - 19 March 2026
  Our bi-weekly report with the latest insights from EY's Trade Strategy team.

   Upcoming EY webcasts

• 31 March: Beyond the numbers: evolving consumer sentiment in a time of uncertainty
• 8 April: Pathways to new value and growth during uncertainty
• 9 April: AI in focus: strengthening board and audit committee oversight
• 10 April: EY Center for Tax Policy monthly update - April 2026
• 14 April: Global economic outlook: tensions, trade and technology
• 15 April: Energy that works for customers: prioritizing affordability and wellbeing
• 22 April: US corporate income tax compliance - 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 27 March 2026
• EY talks tax | International tax talk quarterly series with the EY Global Tax Desk Network - 10 March 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

     Europe

• Cyprus Tax Authority publishes 10-year government bond yield rates for Notional Interest Deduction purposes
• European Commission publishes proposal on the 28th Regime (EU Inc.)
• Luxembourg implements measures extending automatic exchange of information
• Netherlands announces changes to non-EU VAT refund scheme as of 1 April 2026
• Romania introduces mandatory deferred tax disclosure and option to apply IFRS for entities in scope for BEPS Pillar Two
• Spanish Government approves Royal Decree implementing mandatory B2B electronic invoicing

     Middle East

• UAE issues Research and Development Tax Credit legislation

     Oceania

• Australian Taxation Office releases Decision Impact Statement on High Court PepsiCo decision

Additional resources

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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.