Brazil: RFB launches special asset regularisation declaration for 2026
The Brazilian Federal Revenue Service (RFB) announced on 19 January 2026 that it has made available the Declaration of Option for the Special Regime of Asset Regularisation (Derp), enabling individuals and legal entities to participate in the
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Argentina: ARCA updates 2026 corporate, individual income tax brackets
The Argentine tax authority, ARCA, has published the corporate and individual income tax brackets and rates for fiscal year 2026. The corporate brackets are effective from 1 January 2026, while the individual rates apply for January to June
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OECD: Presentation of the Side by Side Rules
On 13 January 2026 the OECD held a webinar to discuss the side-by-side arrangements issued earlier in the month. The side-by-side (SbS) arrangement would be available where a country’s tax regime has similar policy objectives and scope to the
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Singapore gazettes Finance (Income Taxes) Act 2025, enacts global minimum tax standards
Singapore gazetted the Finance (Income Taxes) Act 2025 on 12 December 2025, enacting the Budget 2025 measures announced in February 2025. The Finance (Income Taxes) Act 2025, passed by the Parliament of Singapore in late 2025, introduces a range
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UK: Scotland presents 2026-27 budget, proposes new levies
Scotland’s Cabinet Secretary for Finance and Local Government presented the 2026-27 State Budget to the parliament on 13 January 2026. The Budget’s key proposals include higher personal income tax brackets and the introduction of new levies,
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Canada announces 2026 automobile deduction limits, business expense benefit rates
Canada’s Department of Finance announced, on 14 January 2026, the automobile income tax deduction limits and expense benefit rates that will apply in 2026. The following changes to limits and rates took effect as of 1 January 2026: The
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Portugal: Tax and Customs Authority updates monthly withholding tax rates for 2026
The Portuguese Tax and Customs Authority issued the Order of 5 January 2026, introducing new monthly withholding tax tables reflecting the updated personal income tax brackets set by the 2026 State Budget Law. Rates now range from 12.50% on
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Portugal: Government updates withholding tax rates for 2026
The Portuguese government has set new monthly withholding tax rates for employment and pension income in mainland Portugal for 2026 through Order No. 233-A/2026, issued on 6 January 2026. The changes reflect updates introduced in the 2026 State
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On 5 January 2026 the OECD issued a document with the title Tax Challenges Arising from the Digitalisation of the Economy – Global Anti-Base Erosion Model Rules (Pillar Two), Side-by-Side Package. This document set out more details of the
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Bulgaria: NRA clarifies tax payment, reporting rules ahead of euro adoption
Bulgaria’s National Revenue Agency (NRA) has issued detailed guidance, on 31 December 2025, on how taxpayers should handle tax and social security payments following the country’s adoption of the euro (EUR) from 1 January 2026, replacing the
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US: IRS releases individual tax return filing preparation guidance for 2026 tax year
The US Internal Revenue Service (IRS) has released guidance to help individuals prepare for filing their 2026 tax returns on 6 January 2026. With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take
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Ecuador: SRI announces individual income tax rates for 2026
Ecuador’s Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000043 on 29 December 2025, establishing the official individual income tax brackets for 2026. The rates are structured as follows: Taxable Income (USD) Tax
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Turkey announces 2026 individual income tax rates
Turkey’s Income Tax General Communiqué No. 332, published in the Official Gazette on 31 December 2025, updates individual income tax brackets for 2026. The rates differ slightly between employment and other income types. These changes took
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Peru: SUNAT sets deadlines for 2025 income tax and ITF returns
Peru’s National Superintendency of Customs and Tax Administration (SUNAT) has issued Superintendency Resolution No. 000386-2025/SUNAT, establishing the filing and payment schedule for annual Income Tax and Financial Transactions Tax (ITF) returns
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Chile: SII launches simplified registry for subsistence taxpayers
Chile’s tax authority (SII) has issued Resolution Ex. SII No. 193-2025 of 22 December 2025, which introduces the “Registry of Small Taxpayers Developing Subsistence Activities.” This initiative aimed to simplify tax obligations for
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Argentina: Congress approves 2026 budget, introduces no new taxes
Argentina’s Congress approved the 2026 budget bill on 26 December 2025, marking the first budget passed since President Javier Milei took office in late 2023. The measure, which passed with 46 votes in favour, 25 against, and one abstention,
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Italy gazettes state budget for 2026
Italy’s government has gazetted Law No. 199 of 30 December 2025 on the State Budget for 2026. The main tax measures include: The financial sector will face higher taxation, with new levies on banks, insurers, and financial operators
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Spain: Tax Agency unveils 2026 VAT, PIT, corporate tax measures
The Spanish Tax Agency has introduced new tax measures under Royal Decree-Law 16/2025 of 23 December 2025, published in the Official State Gazette on 24 December. The decree aims to support socially vulnerable groups and implement urgent tax and
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