Canada enacts retaliatory tariffs on US imports as trade negotiations collapse

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.

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.