Canada enacts retaliatory tariffs on US imports as trade negotiations collapse

The OECD has published stakeholder comments on proposed changes to its Model Reporting Rules for Digital Platforms, with contributors calling for clearer intermediary definitions, reduced cascading reporting, higher seller thresholds, and greater alignment with the EU’s DAC7 framework.

Russia has eased entry rules for its tax monitoring regime, allowing legal successors of reorganised companies to join the scheme even where they fall short of the standard revenue and asset thresholds.

IRAS has ruled that a loan waiver is a capital transaction, with any resulting gain not subject to tax under section 10(1) of the Income Tax Act 1947.

Brazil’s Senate has approved REDATA, a specialised tax regime offering five-year federal tax suspensions on qualifying data centre equipment while imposing strict sustainability, domestic capacity and R&D commitments. The bill now awaits presidential sanction.

Bolivia’s National Tax Service has abolished the hotel sector’s recurring additional information reporting requirement, reducing administrative burdens for lodging businesses while retaining audit and verification powers and requiring a final filing for July-August 2026.

The Inland Revenue Department has overhauled its eTAX submission process following an Ombudsman investigation into failed electronic tax return submissions, introducing safeguards, temporary data storage and clearer user prompts while providing penalty relief to affected taxpayers.