Issue

Date

Subject

2008-32

December 23, 2008

• Argentina: Tax Incentive Proposals for Employers; Measures to Encourage Repatriation of Investment Funds
• Canada: CRA Clarifies Application of Protocol’s LOB Provisions, and Rules for Refunds for Overpaid Withholding Tax on Interest
• Canada: Advisory Panel Issues Final Report on International Tax Reform

2008-31

December 17, 2008

• Brazil: Changes to Calculation of Corporate Income Tax Reflecting Move to IFRS; Tax Administrative Process Is Amended
• Brazil: Changes to Financial Operations Tax
• Canada: KPMG’s Canadian Tax Adviser for December 2008
• Canada: Withholding Tax Rate Changes Under Protocol to Canada-United States Tax Treaty
• Jamaica: Tax Measures Intended to Provide Relief and Address the Economic Crisis
• Mexico: Foreign Trade Agreements with China
• Peru: Decree Implements Measures to Promote Investments by Private Companies by Allowing Credits to Offset Tax Liabilities

2008-30

December 9, 2008

• Canada: Finance Amends Functional Currency Tax Reporting Rules
• Canada: Highlights of the Fall 2008 Economic Statement
• Canada: Year-End Tips for Reducing the 2008 Individual Tax Bill
• Canada: Tax Planning Ideas to Ease Companies’ Cash Flow Crunch

Issue

Date

Subject

2008-29

November 14, 2008

• Brazil: Royalty Payments Are Exempt from PIS and COFINS
• Canada: Overview of Tax-Free Savings Accounts
• Canada: New Procedures for Filing Scientific Research and Experimental Development Claims for Tax Credits for 2008
• Colombia: Deposits No Longer Required with Respect to Foreign Investments
• Costa Rica-Panama: Free Trade Agreement Is Effective on November 23rd

Issue

Date

Subject

2008-28

October 31, 2008

• Canada: KPMG’s Canadian Tax Adviser for October 2008
• Canada: British Columbia Takes Action to Address Global Economic Situation
• Colombia: New Rules Relating to Foreign Currency Indebtedness
• Costa Rica: Recent Legislative Proposals

2008-27

October 21, 2008

• Colombia: Rules for NOL Carryforwards Following High Court’s Decision

2008-26

October 16, 2008

• Argentina: Effective Period for Company Reorganization Rules Is Extended
• Canada: KPMG’s Canadian Tax Adviser for September 2008
• Colombia: Update on Foreign Exchange Regulation
• Dominican Republic: Tax on Insurance Services

Issue

Date

Subject

2008-25

September 5, 2008

• Argentina: Changes to Tax Treatment of Closed-Ended Mutual Funds and Financial Trusts
• Canada: KPMG’s Canadian Tax Adviser for August 2008
• Canada: Alberta Considers Retroactive Relief for Small Oil and Gas Producers
• Mexico: Overview of Recent Trade Agreements

Issue

Date

Subject

2008-24

August 4, 2008

• Argentina: Tax Treaty with Austria Is Withdrawn
• Canada: KPMG’s Canadian Tax Adviser for July 2008
• Canada: KPMG’s Global Tax Adviser for July 2008
• Costa Rica: Rules for Classifying “Large Taxpayers” Are Modified and Other Recent Miscellaneous Tax Developments
• Mexico: First Modification of the Tax Miscellaneous Resolution for 2008
• Mexico: Supreme Court Addresses Constitutionality of Asset Tax (As Was Effective in 2007)

Issue

Date

Subject

2008-23

July 18, 2008

• Argentina: Summary of Recent Tax Guidance
• Canada: Converting Specified Investment Flow-Through (SIFT) Entities into Corporations—New Proposals Would Allow SIFTs to Weight Their Options
• Dominican Republic: New Features Available for Companies on the Tax Authority’s Web Site
• Panama: Accounting Service Tax Is Suspended

Issue

Date

Subject

2008-22

June 27, 2008

• Canada: Tax Court of Canada Finds Intermediary Dutch Holding Company Is “Beneficial Owner” of Canadian Resident Company
• Canada: CRA Technical Interpretations on Types of Foreign Entities
• Canada: Withholding Tax Gross-Up Clause Traps Taxpayer
• Colombia: Update on Tax-Free Zones
• Mexico: Reminder of July 1, 2008 Effective Date for 2% Tax on Certain Cash Deposits: What Is Effect of Tax on Determination of U.S. Foreign Tax Credits?

2008-21

June 17, 2008

• Brazil: Electronic Bill of Lading Rules—e-Bill of Lading
• Canada: Functional Currency Reporting—Questions Remain as June 30th Election Date Looms
• Venezuela: Update on Tax on Financial Transactions for Economic Entities

2008-20

June 12, 2008

• Canada: KPMG’s Canadian Tax Adviser for Summer 2008
• Canada: Converting to IFRS—Get Ready for Revised Accounting Income Tax Standard
• Peru: Extension of Time for Property Taxes

2008-19

June 6, 2008

• Brazil: New Indirect Tax Program in São Paulo State Aims to Encourage Investments
• Brazil: New Production Incentives Intended to Boost Investment; New Shareholder Disclosure Rules; Other Developments

2008-18

June 4, 2008

• Canada: New Refundable Tax Credit for Developing IT in Quebec
• Canada: Reforming Canada’s International Tax System—KPMG’s Perspective
• Chile: New Foreign Currency Provisions
• Costa Rica: Proposal to Privatize Telecommunications Sector and Recent Miscellaneous Tax Developments
• Jamaica: Amnesty on Interest and Penalties Expires June 30
• Mexico: Mandatory Reporting Provisions on Payroll Taxes for the State of Mexico

Issue

Date

Subject

2008-17

May 28, 2008

• Americas: Taxation of Cross-Border Mergers and Acquisitions
• Colombia: Update on Ratification of New Tax Treaty with Spain
• Colombia: Income Tax Treaty with Mexico

2008-16

May 6, 2008

• Canada: KPMG’s Canadian Tax Adviser for Spring 2008
• Canada: Consultation Paper Kicks Off Review of Canada’s International Tax System

Issue

Date

Subject

2008-15

April 23, 2008

• Canada: Highlights of the 2008 Alberta Budget
• Costa Rica: Rules for Determining “Large Taxpayer” or “Large Territorial Company”
• Guatemala: Income Tax Rules for Including Audited Financial Statements

2008-14

April 18, 2008

• Canada: Foreign Affiliate Elections May Require Immediate Action
• Colombia: Guidance Relating to Losses Used to Offset Income

2008-13

April 14, 2008

• Argentina: Indirect Tax Update
• Argentina: New Export Values for Cereals and Oils
• Jamaica: Increased Tax Compliance Included in 2008/09 Budget
• Mexico: Administrative Changes Concerning Customs and International Trade
• Venezuela: Proposed Windfall Profits Tax for Oil Industry

2008-12

April 10, 2008

• Brazil: Tax Reform Proposals; Treatment of Mexican IETU Regime Under the Income Tax Treaty; Tax Treatment of Leasing Revenue
• Brazil: New Manifest Reporting System—SISCARGA
• Canada: Highlights of the 2008 Manitoba Budget

Issue

Date

Subject

2008-11

March 27, 2008

• Canada: KPMG’s Global Tax Adviser for March 2008
• Canada: Highlights of the 2008 Ontario Budget

2008-10

March 24, 2008

• Canada: KPMG’s Canadian Tax Adviser for March 2008
• Chile: Tax Incentives for R&D Investments
• Mexico: Miscellaneous Tax Modifications
• Panamá: Financial Institutions Have New Reporting Requirements with Respect to Mortgages

2008-09

March 17, 2008

• Canada: 2008 Federal Budget Provides Improved Tax Incentives for Research & Development
• Canada: Highlights of the 2008 Québec Budget

2008-08

March 7, 2008

• Ecuador: Tax Administration Identifies “Tax Haven” Jurisdictions
• Mexico: Tax Measures Intended to Provide Economic Stimulus

2008-07

March 5, 2008

• Brazil: Government Reinstates “Domestic Drawback” Customs Regime
• Canada: Highlights of the 2008 Federal Budget
• Costa Rica: Tax Administration’s Audit Plan for 2008

Issue

Date

Subject

2008-06

February 21, 2008

• Canada: 2008 British Columbia Budget Focuses on Climate Change
• Canada: Are Banks, Insurance Companies, and Investment Dealers Meeting the New GST Deadlines?

2008-05

February 14, 2008

• Argentina: Preferential Tax Regime for Bioethanol Industry; Change in Net Wealth Tax
• Canada: Indirect Tax Update

2008-04

February 7, 2008

• Canada: Mark-to-Market Regime Expanded to Catch Investment Dealers' Tracking Property
• Peru: Electronic Forms Approved; New Guidance Issued
• Puerto Rico: Proposed Amendment to Puerto Rico Tourism Development Law of 1993 Relating to Owners of Condo-Hotel Units

Issue

Date

Subject

2008-03

January 30, 2008

• Mexico: Constitutionality of the IETU Regime

2008-02

January 28, 2008

• Canada: KPMG’s Canadian Tax Adviser for January 2008
• Canada: Carryforward Period for Old R&D Tax Credits Extended to 20 Years
• Jamaica: Due Date Reminder
• Mexico: Recent Resolution Includes Changes Concerning IETU and Income Tax Provisions
• Mexico: Registration Renewal Schedule Under Foreign Investment Law, and Other Requirements for Corporations Operating in Mexico
• Peru: Revised Income Tax Rules Relating to Financial Instruments

2008-01

January 10, 2008

• Brazil: Tax on Banking Transactions Expires; New Tax Rates for Other Financial Transactions; Changes to Tax Treaty with Belgium
• Costa Rica: Procedure for Withdrawing a Tax Refund Request, for Use in Offsetting Tax Liabilities
• Ecuador: Summary of Changes under New Tax Law
• Jamaica: Tax Amnesty for PAYE Expires January 14th
• Mexico: Update on Recent Tax Measures

© 2008 KPMG LLP, the U.S. member firm of KPMG International, a Swiss cooperative. All rights reserved.

Privacy | Legal