US implements broad bans on Canadian imports as trade dispute intensifies

FTA has issued guidance on amendments to the Value Added Tax framework introduced by Federal Decree-Law No. 16 of 2024 and Federal Decree-Law No. 16 of 2025, covering e-invoicing, input tax recovery, the reverse charge mechanism and excess recoverable tax.

ZATCA has opened a public consultation on a proposed classification of Real Estate Transaction Tax violations and penalties. The framework would introduce graduated fines for tax evasion and other breaches, with penalties based on the severity and recurrence of offences.

IRAS has updated its tax computation guidance to clarify corporate filing requirements where a change in financial year end causes financial periods to span two Years of Assessment (YA).

The US Internal Revenue Service has opened applications for the 2027 Compliance Assurance Process, allowing eligible large corporations to resolve tax compliance issues cooperatively with the IRS before filing their returns.

Brazil has enacted Complementary Law No. 236 of 4 September 2026, introducing alternative dispute resolution mechanisms, national standards for tax administrative proceedings, capped and reduced penalties, and rules aligning tax administration with binding STF and STJ decisions.

France's Directorate General of Public Finance has launched the nationwide rollout of business-to-business electronic invoicing, with over four million businesses registered and no sanctions to apply in 2026 as the focus turns to support and cybersecurity compliance.