Issue

Date

Subject

2007-38

December 28, 2007

• Canada: Finance Department to Amend SIFT Rules and Improve REIT Regime

2007-37

December 20, 2007

• Canada: Ontario “Mini-budget” Includes Reduced Capital Tax Rates for 2007
• Canada: 2007 Financial Statements—Accounting for Recent Tax Changes

2007-36

December 13, 2007

• Canada: Are “All Systems Go” for GST Rate Cut on January 1, 2008?
• Canada: KPMG’s Global Tax Adviser for December 2007
• Canada: Year-End Guidance on 2007 Individual Taxes

2007-35

December 11, 2007

• Latin America: Report of Corporate Tax Rates, Region’s Competitiveness

2007-34

December 3, 2007

• Canada: Recent Finance Conference Addressed International Tax Issues Including Canada-United States Tax Treaty Protocol
• Colombia: Review of Court Decisions with Tax Issues
• Mexico: Overview of Tax Incentives Relating to New IETU Regime for Maquiladora Companies
• Panama: Fund Intended to Provide Bank Deposit Protection

Issue

Date

Subject

2007-33

November 21, 2007

• Canada: KPMG’s Canadian Tax Advisor for October/November 2007
• Colombia: Modifications to the Free Trade Zone Regime
• Mexico: Tax Incentives Relating to New IETU Regime

2007-32

November 5, 2007

• Brazil: Update on Pending Court Case on Taxation of Related Parties’ Foreign Profits; Tax Incentives for Exporters
• Canada: Finance Floats Functional Currency Tax Reporting Rules
• Canada: Get Ready for Another GST Rate Cut—Managing the Transition

Issue

Date

Subject

2007-31

October 31, 2007

• Canada: Highlights of the 2007 Federal Mini-Budget
• Costa Rica: New Income Tax Rates for Tax Year 2008
• Peru: Maximum Interest Rates Modified for Credit Operations

2007-30

October 16, 2007

• Canada: Consultation on R&D Tax Incentives
• Colombia: New Reporting Rules Require Importers/Exporters to Report Certain Cash Transactions
• Costa Rica: Changes to Drawback Rules; Introduction of Airline Ticket Tax, Repeal of Lodging Tax; Other Measures

2007-29

October 11, 2007

• Argentina: Preferential Tax Regime for Modern Biotechnology Projects
• Mexico: Considerations for U.S. Companies with Business Operations in Mexico in Light of New Tax Regime
• Mexico-India: Double Taxation Agreement Signed
• Venezuela: Tax on Financial Transactions for Economic Entities

Issue

Date

Subject

2007-28

September 28, 2007

• Mexico: Tax Reforms for 2008; Enactment Pending

2007-27

September 17, 2007

• Argentina: Protocol to the Argentina-France Double Taxation Treaty Is Published
• Argentina: Argentine Tax Authorities Challenging Certain Interest Deductions in Connection to Corporate Capital Stock Acquisitions
• Argentina: Changes to Personal Allowances for Individual Income Tax Purposes
• Mexico: New Flat Tax Regime Is Effective Beginning in 2008

2007-26

September 7, 2007

• Canada: KPMG’s Canadian Tax Adviser for August/September 2007
• Chile: Trade Agreement with Japan Enters into Force
• Dominican Republic: Deadline for Tax Amnesty Is September 19
• Panama: New Tax Audit Initiative Is Launched
• Panama: Tax Incentives for Multinational Entities to Establish Their Headquarters in Panama

Issue

Date

Subject

2007-25

August 22, 2007

• Brazil: Court Addresses Limitation on the Use of Loss Carryforwards in Liquidation
• Costa Rica: Free Trade Zone Audit Manual Is Revised; Free Trade Agreement with Panama
• Dominican Republic: Recent Tax Incentives for Individuals and Investors
• Jamaica: Withdrawal of Income Tax Payment Reminders
• Panama: New Electronic Filing Requirement for Stamp Tax
• Uruguay: Decreased Rate of Commission on the Importation of Crude Oil

2007-24

August 14, 2007

• Canada: CRA Provides New Guidance on Foreign Affiliate Anti-Avoidance Rule
• Colombia: Procedures for Correcting Certain Errors on Tax Declarations
• Colombia: New Deadline for Second Installment of Wealth Tax Payments
• Dominican Republic: New Tax Rates on Income Tax and Several Other Taxes
• Dominican Republic: Approaching Deadline for Tax Amnesty Provisions
• Panamá: Court Order Concerning Tax Filing Obligations for Certain Entities Does Not Affect For-Profit Corporations

Issue

Date

Subject

2007-23

July 31, 2007

• Canada: Canadian Tax Adviser for July 2007
• Colombia: Industry and Commerce Tax Requirements Are Reinstated
• Costa Rica: Updated Free Trade Zone Procedures
• Mexico: “Strategic Areas” Identified for Purposes of Thin Capitalization Rules
• Panamá: New Dispositions Concerning Foreign Executives

2007-22

July 6, 2007

• Canada: Indirect Tax Update
• Colombia-Chile: Double Taxation Agreement
• Mexico: Summary and Discussion of Tax Reform Initiatives for 2008

Issue

Date

Subject

2007-21

June 29, 2007

• Argentina-Mexico: Economic Agreement Concerning Automotive Industry
• Canada: Federal Tax Bills Substantively Enacted Under Canadian GAAP
• Costa Rica: Tax Treaty with Spain Receives Approval
• Mexico: Proposed Tax Reform Initiatives for 2008 Include Replacing Asset Tax with New Tax Regime

2007-20

June 22, 2007

• Brazil: Supreme Court Holds ICMS Does Not Apply to Leased Goods; Guidance on Taxation of Investment Funds
• Canada: Federal and Provincial R&D Programs—2007 Round-Up
• Chile: Increase in Tax Declarations, Revenue Attributable to Chilean Mining Industry
• Colombia: New Electronic Filing Rules; Clarification Concerning Valuation of Assets and Liabilities for Financial Statements
• Mexico: IMMEX Program Numbers Released

2007-19

June 6, 2007

• Canada: Highlights of the 2007 Quebec Budget
• Costa Rica: Issue of Principle of Territoriality and Taxation of e-Commerce
• Mexico: Compliance Program Offers Relief with Respect to Certain Undeclared Tax Liabilities

Issue

Date

Subject

2007-18

May 15, 2007

• Canada: Interest Deductibility and Foreign Affiliates; Protocol to Canada-United States Tax Treaty Expected Soon
• Mexico: New Foreign Trade Program

2007-17

May 10, 2007

• Colombia: New Free Trade Zone Regime

2007-16

May 4, 2007

• Canada: Foreign Affiliate Tax Proposals Could Handicap Canadian Business
• Colombia: Tax Procedures for Advance Tax Liability Agreements with Tax Authorities

Issue

Date

Subject

2007-15

April 26, 2007

• Canada: Highlights of Indirect Tax Measures in 2007 Federal and Provincial Budgets
• Canada-Mexico: Income Tax Treaty Enters into Force
• Costa Rica: Recent Updates Include Amended Criteria for Tax Audits

2007-14

April 13, 2007

• Canada: New Tax Bill to Codify Tax Treatment of Canadian REITs
• Canada: Highlights of the 2007 Manitoba Budget
• Jamaica: Increased Tax Collection Is a Focus of 2007/08 Budget

2007-13

April 6, 2007

• Canada: New Dividend Rules May Benefit Private Canadian Corporations
• Canada: Indirect Tax Update

Issue

Date

Subject

2007-12

March 28, 2007

• Canada: 2007 Federal Budget: A Sea Change in Canada’s Foreign Affiliate Tax Policy?
• Canada: Reminder to Trust Administrators to Plan Early for Trust’s 21st Anniversary Tax Issues
• Colombia: VAT Exemption for Personal Computers
• Perú: New Rules to Facilitate Foreign Trade

2007-11

March 23, 2007

• Canada: Highlights of the 2007 Ontario Budget

2007-10

March 20, 2007

• Canada: Highlights of the 2007 Federal Budget

2007-09

March 14, 2007

• Brazil: New Guidance Includes Retroactive Tax Relief for Royalties Paid Under Software License Agreements
• Chile: Text of Income Tax Treaty with Thailand
• Uruguay: Update of Recent Developments

2007-08

March 7, 2007

• Canada: Ontario/Federal Corporate Tax Harmonization—Preparing for the Transition
• Canada: Tax Changes in the 2007 Federal Budget?
• Netherlands Antilles: Tax Information Exchange Agreements with Australia, New Zealand
• Venezuela: Reduction of the General VAT Rate

2007-07

March 1, 2007

• Brazil: Recent Changes Concerning the State Sales Tax in São Paulo
• Canada: New Tax Rules Allow Spouses to Split Income; New Children’s Fitness Tax Credit
• Costa Rica: Tax Administration Releases Audit Plan for 2007
• Jamaica: Tax Return Filing Date Is March 15th

Issue

Date

Subject

2007-06

February 21, 2007

• Canada: Highlights of the 2007 Budgets for Québec and British Columbia
• Canada: Federal Budget to Be Presented on March 19th
• Colombia: Discussion of International Aspects of 2006 Colombian Tax Reform
• Colombia: Tax Filing, Paying Deadlines for Income, Net Assets, and Sales Taxes
• Jamaica: Update on Companies Act
• Mexico: Overview of Annual Corporate Compliance Requirements for 2007
• Mexico: Decree Implementing the Asset Tax Relief for 2007
• U.S. Virgin Islands: IRS Interim Rules Concerning U.S. Income Tax Liabilities of Certain Individuals Filing Income Tax Returns with the U.S. Virgin Islands

2007-05

February 12, 2007

• Argentina: New Income Tax Treaty Is Signed with Russia
• Canada: March 1st Deadline for Making Tax-Deductible Contributions to RRSPs for 2006
• Uruguay: Tax Reform Includes Lower Corporate Income Tax Rate, Introduces Transfer Pricing Rules, and Other New Provisions

2007-04

February 1, 2007

• Brazil: Tax Measures Included in Growth Acceleration Package
• Canada: New Tax Treaties with Finland, South Korea Enter Into Force
• Canada: Proposed Changes to GST Rules for Financial Services Sector and Pension Plans
• Colombia: 2006 Tax Reform Reduces Withholding Tax Rates for Payments to Non-Colombian Entities
• Jamaica: Tax Return Filing Reminder

Issue

Date

Subject

2007-03

January 25, 2007

• Canada: Proposed Top Marginal Tax Rates for 2007 at a Glance
• Caribbean: Hotel and Tourism Financing Survey
• Trinidad and Tobago: Tax Changes in 2007 Budget

2007-02

January 19, 2007

• Aruba: Overview of the Recently Enacted Tax on Turnover; Other Tax Law Changes
• Costa Rica: New Research Tax Credits to Encourage Investment in Scientific and Technological Projects
• Mexico: Asset Tax Reform

2007-01

January 10, 2007

• Mexico: Discussion of Tax Changes for 2007
• Perú: Reports of Recent Decrees and Guidance

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