Canada enacts retaliatory tariffs on US imports as trade negotiations collapse

Russia’s State Duma is considering draft law No. 1331250-8 to cut the standard VAT rate from 22% to 20%, raise the VAT threshold for businesses using the simplified tax regime to RUB 60 million and restore a unified 15% insurance premium rate for SMEs from 1 January 2027.

Peru’s tax-to-GDP ratio remains low despite decades of economic growth, prompting recommendations to broaden the tax base, strengthen compliance and reform tax expenditures (TEs), personal income tax (PIT) and Private Special Economic Zones (ZEEPs).

Taiwan’s Kaohsiung National Taxation Bureau has outlined online, ATM, financial institution and convenience store payment options for 2026 provisional corporate income tax returns, which must be filed between 1 September and 30 September.

Kenya’s tax amnesty waives interest, penalties and fines on eligible tax liabilities through 31 December 2025, provided taxpayers settle outstanding principal tax and file overdue returns by 31 December 2026, with eligible taxpayers receiving relief automatically through iTax.

New York City has extended the deadline for property owners to apply for exemptions from the non-primary residence surcharge to 6 October 2026, as ongoing litigation and newly available tax data prompt the Department of Finance to provide additional time for affected owners to establish eligibility.

The Netherlands has issued Decree No. 2026-2613, replacing the 2024 decree on Box 3 taxation of savings, debts, and investments. The decree incorporates the counter-evidence scheme, allowing taxpayers to be taxed on actual returns, while clarifying the treatment of tax debts, temporary bank balances, and primary residence transactions.