For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Anguilla
Anguilla | |||
Tax legislation approved and regulatory update | Tax compliance | 16 May 2025 | Compliance updates regarding FATCA and Common Reporting Standard (CRS). Read more. |
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Argentina
Argentina | |||
Tax legislation approved and regulatory update | Tax compliance | 14 May 2025 | Plan to Help Taxpayers Settle Tax Debts. Read more. |
| Tax legislation approved and regulatory update | Treaties | 13 May 2025 | Senate approves Multilateral Instrument to prevent base erosion and profit shifting. Read more. |
| Administrative and case law | Various tax topics | 09 May 2025 | Inspection, safety, and hygiene fee cannot be collected from both taxpayer and taxpayer鈥檚 customers (court decisions). Read more. |
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Barbados
Barbados | |||
Tax legislation approved and regulatory update | Tax compliance | 20 May 2025 | Common Reporting Standard (CRS) guidance on compliance for retirement funds. Read more. |
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Bermuda
Bermuda | |||
Proposed legislation | Trade and customs | 13 May 2025 | 2025-2026 budget proposes range of tax relief measures. Read more. |
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Canada
Canada | |||
Proposed legislation | Various tax topics | 19 May 2025 | Direct and indirect tax measures in 2025 budget (Ontario).听Read more. |
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Chile
Chile | |||
乐鱼（Leyu）体育官网 publication | Various tax topics | 27 May 2025 | Guidance on amended General Anti-Avoidance Rule (GAAR), other direct and indirect tax developments. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 09 May 2025 | Guidance on new value added tax marketplace rules and low-value goods. Read more. |
| Tax compliance | Income tax | 07 May 2025 | 2024 Annual Tax Return Filing Calendar, Extension for Balance Due Returns. Read more. |
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Colombia
Colombia | |||
Tax compliance | Various tax topics | 29 May 2025 | Common Reporting Standard (CRS) reporting deadline is June 3, 2025. Read more. |
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Costa Rica
Costa Rica | |||
Proposed legislation | Indirect tax | 30 April 2025 | Consultations on fiscal periods, tax forms, submission of VAT returns. Read more. |
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Honduras
Honduras | |||
Tax legislation approved and regulatory update | Tax compliance | 21 May 2025 | Guidance on tax holidays, announcement of audits. Read more. |
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Jamaica
Jamaica | |||
Proposed legislation | Trade and customs | 13 May 2025 | Proposed expansion of agricultural vehicle duty concession. Read more. |
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Mexico
Mexico | |||
Administrative and case law | Transfer pricing | 28 May 2025 | Increased tax collection as a result of transfer pricing audits. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 19 May 2025 | Third resolution of amendments to miscellaneous tax resolution for 2025. Read more. |
| Tax compliance | Various tax topics | 08 May 2025 | Required submission of company tax status report to housing fund. Read more. |
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Panama
Panama | |||
Tax legislation approved and regulatory update | Tax compliance | 14 May 2025 | Clarification on Global Intermediary Identification Number (GIIN) limitations for classifying account holders as financial institutions. Read more. |
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Peru
Peru | |||
Administrative and case law | Income tax | 09 May 2025 | Definition of digital service subject to withholding tax. Read more. |
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Saint Kitts and Nevis
Saint Kitts and Nevis | |||
Tax legislation approved and regulatory update | Tax compliance | 20 May 2025 | Common Reporting Standard (CRS) reporting deadline extended to July 15, 2025. Read more. |
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United States
For legislative changes and regulatory updates for the US please visit below link to the TaxNewsFlash United States.听Read TaxNewsFlash US
