Issue

Date

Subject

2005-27

December 8, 2005

• Costa Rica: Letter Ruling Addresses Territoriality Principle
• Netherlands Antilles: Dividend Withholding Tax Reduced to 0% on Distributions to Qualifying Netherlands Antilles Companies

Issue

Date

Subject

2005-26

November 30, 2005

• Argentina: Income Tax Relief for Certain Leasing Operations
• Argentina: Updated Requirements for Transfer of Technology Agreements
• Canada: Proposed GST Changes Would Affect Branch Offices and Financial Services Sector
• Canada: Finance Proposes to Reduce Tax on Dividends
• Guatemala: Proposed Tax Legislation Expected to Include VAT Changes

2005-25

November 22, 2005

• Canada: Tax Court of Canada Finds in Taxpayer’s Favour in First Court Challenge to Foreign Affiliate Anti-Avoidance Rule
• Mexico: Tax Relief for Taxpayers Affected by Hurricane Stan

2005-24

November 15, 2005

• Brazil: Federal Courts Hold for and Against Government in Recent Tax Cases
• Canada: Highlights of the November 2005 “Mini-Budget”

2005-23

November 8, 2005

• Argentina: New Software Requirements to Report VAT
• Brazil: Credit Transfers of State Sales Tax (ICMS) Are Restricted By Agreement of State, Federal District Governments
• Colombia: Chemical Products Used to Manufacture Medicines, Fertilizers, and Insecticides Not Subject to VAT
• Colombia: Expiring VAT Credit on Acquisition or Importation of Industrial Machinery
• Mexico: Third Amendment to the General Rules on Foreign Trade
• Panama: Recent Decrees Regulate VAT and Selective Consumption Tax

2005-22

November 2, 2005

• Canada: Supreme Court Establishes Principles for Applying GAAR

Issue

Date

Subject

2005-21

October 27, 2005

• Argentina: New Importers/Exporters Solvency Requirements
• Brazil: Income Tax Incentives Aim to Promote Tourism
• Chile: Simplified Procedure for Establishing Regional Headquarters
• Chile: Modified Consumption Tax on Gas Used as Vehicle Fuel
• Costa Rica: Income Tax Rates for 2006
• Mexico: Amendments to the Thin Capitalization Rules
• Mexico: Changes to the Miscellaneous Tax Resolution Address Cross Currency Swaps Derivatives

2005-20

October 7, 2005

• Argentina: Procedures for Credit or Refund of VAT on Capital Assets and Infrastructure Projects
• Chile: Electronic Export Invoices Are Now Available
• Honduras: Income Tax Incentives in New Asset Revaluation Law
• Uruguay: Additional Tax Benefits for Corporations in Tax-Free Zones

Issue

Date

Subject

2005-19

September 27, 2005

• Brazil: Incentives for Exporters in Săo Paulo
• Canada: B.C. Proposes to Reduce Corporate Tax Rate
• Colombia: Legal Stability Agreements for Investors
• Colombia: Modification to Tax Refund Certificates
• Mexico: Custom Tariffs, VAT Amounts Relating to Imported Vehicles Are Reduced
• Mexico: Fourth Amendment to the Miscellaneous Tax Resolution
• Panama: Increased Flat Tax for Corporations and Certain Foundations

2005-18

September 13, 2005

• Argentina: Taxpayers Must Report Inbound Foreign Exchange Funds
• Argentina: Procedures for Credit or Refund of VAT on Capital Assets
• Argentina: Reduced VAT on Certain Agro- Chemical Products
• Mexico: Tax Reform Bill presented to Congress
• Venezuela: New Law Reduces VAT Rate

Issue

Date

Subject

2005-17

August 30, 2005

• Costa Rica: Import Exemption for Certain Cardboard Products
• Peru: Electronic Filing of Returns, Payments of Taxes Using SUNAT Virtual
• Peru: Deferred Payment Regime

2005-16

August 11, 2005

• Mexico: Changes to Foreign Trade Rules
• Costa Rica: Tax Exemption for Foreign Remittances to First-Order Banks
• Colombia: Income Tax Incentives for Banks and Other Entities Financing Subsidized Housing
• Colombia: Capital Markets Law
• Brazil: Electronic Visa for Exported Goods
• Argentina: New Rules for Reporting Import/Export Information
• Argentina: Tax Authority Establishes a Centralized Account for Payment of Customs Duties

2005-15

August 3, 2005

• Dominican Republic: Tax Changes May Be Needed to Compensate for Revenue Lost Under Free Trade Agreement
• Brazil: Tax Authority Is Now Responsible for Collecting Social Security Contributions
• Argentina: Electronic Requirements for Reporting Social Security Payments and Insurance Policies
• Argentina: Flexibility on Regulations Concerning Import Payments
• Argentina: No VAT Imposed on Conferences and Trade Show Services

Issue

Date

Subject

2005-14

July 26, 2005

• Venezuela: Tax Incentives for the Tourism Industry
• Colombia: Changes Regarding VAT Withholding Rate
• Uruguay: Expenditures That Improve Work Environment May Warrant a 200% Income Tax Deduction
• Uruguay: Tax Refunds on Certain Exports Extended

2005-13

July 22, 2005

• Mexico: Deductions for Certain Fuel Expenditures
• Cayman Islands: Guidance on Reporting of Savings Income Information Requirements
• Peru: Taxes, Tariffs on Liquefied Petroleum Gas Are Reduced
• Chile: Update on Trade and Double Taxation Agreements
• Chile: Real Estate Tax Changes
• Argentina: Increased Rates Apply for Imported Goods Having a Declared Value Below the “Reference Value”

2005-12

July 18, 2005

• Colombia: Legal Stability Agreements for Investors
• Brazil: Tax Law Changes Include Regional Tax Incentives, Special Rules for Construction Industry, and Other Measures
• Bolivia: New Tax on Oil and Gas

2005-11

July 13, 2005

• Mexico: Miscellaneous Tax Resolution of 2005
• Mexico: Requirements for Electronic Payment Tax Incentives
• Costa Rica: Tax Developments Concerning Leases
• Colombia: Certain Forward and Swap Transactions Not Subject to Income Tax
• Chile: Income Tax Changes for the Mining Industry
• Uruguay: Export Credit Certificates Expiration Date Extended
• Argentina: Tax Incentives for the Auto Industry

Issue

Date

Subject

2005-10

June 30, 2005

• Canada: 2005 Federal Budget Now Law—Foreign Content Limit Gone

2005-09

June 29, 2005

• Mexico: No VAT Imposed on Call Center Services
• Peru: Procedures for Reporting, Paying Temporary Asset Tax
• Argentina: New Rules for Foreign Currency Exchange Transactions
• Argentina: Increase in Fuel Tax Rate

2005-08

June 24, 2005

• Mexico: VAT Reforms Including Changes to VAT Credit Ratio Calculation
• Brazil: Tax Relief for Export Companies, Software Developers, and Technology Innovators
• Uruguay: Increased Tax Rates on Tobacco Products

2005-07

June 14, 2005

• Mexico: Recent Miscellaneous Tax Resolution
• Costa Rica: VAT and e-Commerce
• Jamaica: Changes to General Consumption Tax
• Colombia: Reduced Withholding Tax for Payments to Temporary Employment Service Corporations; VAT on Vehicles
• Argentina: Specific Software to Be Used for Certain Tax Reporting

Issue

Date

Subject

2005-06

May 26, 2005

• Canada: 2005 Ontario Budget Includes Targeted Tax Measures
• Canada: Provincial Corporate Tax Rates Change
• Costa Rica: Draft Insurance Bill, Clarification for Donation Deductions, Tax Administration Tries to Reduce Backlog

Issue

Date

Subject

2005-05

April 28, 2005

• Canada: New Canada-Ireland Tax Treaty Enters into Force
• Canada: Quebec Proposes Increase to Corporate Tax Rate
• Mexico: Treaty Update
• Costa Rica: Determining Who Has Authority to Represent Corporations in Judicial Proceedings; Increased Interest Rate Relating to Tax Payments
• Jamaica: Proposals for Tax Reform
• Ecuador: New Tax on Certain Telecommunications Services
• Ecuador: Income Tax Treaty With Belgium
• Argentina: VAT Reimbursement Rules Extended for Certain Card Users

Issue

Date

Subject

2005-04

March 15, 2005

• Canada: CRA Updates Policy on Withholding Tax on Non-Resident Services
• Canada: Withholding Tax Rules for Non-Resident Owners of Canadian Rental Property
• Costa Rica: Tax Inspection Plan for 2005, Proposals for Privatization of Insurance Services, and Other Developments
• Caribbean Islands: KPMG Forms New Practice to Provide Services in Caricom Single Market and Economy
• Jamaica: Proposals for Tax Reform; Tax Return Reminder
• Colombia: Increased VAT Rate for Certain Goods and Services in 2005
• Ecuador: VAT Rules Updated for Certain Casino and Gaming Activities

Issue

Date

Subject

2005-03

February 23, 2005

• Canada: Highlights of the 2005 Federal Budget

2005-02

February 8, 2005

• Canada: Ontario Property Tax—Upcoming Deadlines for Rebates and Appeals
• Canada: New Canada-Romania Tax Treaty Enters into Force
• Mexico: Recent Tax Relief Includes Repatriation Provisions
• Costa Rica: Recent Tax Developments Concerning the Territoriality Principle, Updated Tax Rates, Filing Requirements for Companies in Free Trade Zones
• Panama: Income Tax Rate Changes and Other Measures Are Enacted Into Law
• Uruguay: Decrease in Rate of Import Commissions
• Uruguay: Income Tax Exemption Relating to Software Production Is Extended

Issue

Date

Subject

2005-01

January 10, 2005

• Mexico: Overview of Tax Reform 2005
• Brazil: New Tax Law Changes Introduced in Late 2004

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