Brazil: RFB clarifies deduction of foreign taxes paid by subsidiaries, affiliated companies
The Brazilian Federal Revenue Service (RFB) has issued Interpretative Declaratory Act RFB No. 1 of 22 January 2026, published in the Official Gazette (DOU) on 23 January 2026, providing guidance on the deduction of foreign taxes paid by subsidiaries
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Philippines: BIR resumes tax audits, field operations under new rules
The Philippines’ Bureau of Internal Revenue (BIR) announced on 27 January 2026, through Revenue Memorandum Circular (RMC) 8-2026, the lifting of the suspension on all tax audits and field operations that had been halted under an order issued in
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US: IRS National Taxpayer Advocate releases 2025 Annual Report to Congress
The US Internal Revenue Service (IRS) released the National Taxpayer Advocate’s 2025 Annual Report to Congress on 28 January 2026, assessing IRS performance over the year and identifying potential risks for 2026. The report notes that taxpayer
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Argentina: ARCA announces 2025 personal assets tax threshold, brackets
Argentina’s tax authority (ARCA) has updated the thresholds and brackets for the personal assets tax for individuals and undivided estates for the fiscal year ending on 31 December 2025. Minimum value applicable to valuation of assets
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Belarus announces corporate tax reforms for 2026
The Belarus Ministry of Taxes and Duties has announced a wide-ranging package of tax measures affecting companies from 1 January 2026, reshaping corporate taxation, sector-specific rates, and compliance requirements. The changes span corporate
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Chile: SII issues guidance on deductibility of payments to shareholder-employees
Chile’s tax authority (SII) recently published Ruling No. 146-2026 of 21 January 2026, clarifying the tax treatment of various expenses incurred in relation to shareholder-employees who receive remuneration from their companies. The Ruling
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Spain repeals VAT, PIT, corporate tax measures
Spain’s Official State Gazette (BOE) published the Congressional Resolution of 27 January 2026 on 28 January 2026, formally announcing that Royal Decree-law 16/2025 – which was introduced to support socially vulnerable groups and implement
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Netherlands: Parliament passes DAC8 crypto-asset reporting, exchanging tax information rules
The Netherlands' lower house of parliament has approved a bill to implement the rules of the Amending Directive to the 2011 Directive on Administrative Cooperation (2023/2226) (DAC8) on 27 January 2026. The bill introduces new rules for reporting
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Cambodia: GDT reminds self-assessed enterprises of 2025 annual income tax filing, payment deadlines
Cambodia’s General Department of Taxation (GDT) issued notice ( No. L202512110049TD3418) on 14 January 2026, reminding enterprises under the self-assessment regime of their obligations to file and pay annual income tax for the 2025 tax year, in
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Finland consults amendments to Pillar 2 minimum tax law, proposes side-by-side arrangement
Finland’s Ministry of Finance launched a public consultation on 23 January 2026 regarding additional proposed amendments to the Minimum Tax Act, focusing on the implementation of the OECD/G20 Pillar 2 global minimum tax rules. The consultation
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Brazil clarifies withholding tax on interest paid abroad for installment purchases
Brazil has passed Law No. 15.329 of 7 January 2026, specifying the withholding tax (IRRF) rules for interest paid abroad on goods purchased in installments. The law amends Article 11 of Decree-Law No. 401 of 30 December 1968 and refers to the
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Turkey issues exchange rates for 2025 valuation of foreign currency-denominated receivables, debts
The Turkish Ministry of Treasury and Finance announced the exchange rates to be used for valuing foreign currency-denominated receivables and debts as of 31 December 2025. The rates are outlined in General Communiqué No. 590 on the Tax Procedure
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France: Government survives two no-confidence votes after pushing 2026 budget
France’s government survived two no-confidence votes on Tuesday 27 January 2026, after pushing through the expenditure part of the 2026 budget without a parliamentary vote. A motion from the hard-left France Unbowed, Greens, and Communists got
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Colombia imposes temporary levy, energy contribution to support domestic electricity supply
Colombia has issued Legislative Decree No. 0044 of 21 January 2026, introducing temporary rules to ensure the continuity of domestic electricity services. The decree imposes two obligations on electricity generation companies: Parafiscal
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Vietnam amends VAT law, eases compliance for small businesses
Vietnam passed Law No. 149/2025/QH15 on 11 December 2026, amending the Value-Added Tax Law No. 48/2024/QH15. The law was approved by the National Assembly in December 2025 and takes effect from 1 January 2026. The amendments remove the
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Chile: SII introduces VAT withholding system for non-resident sellers, digital platforms
Chile’s tax administration (SII) has published Resolution Ex. SII No. 05-2026 of 14 January 2026 on its website, outlining the tax administration’s VAT withholding system for non-resident sellers and digital platforms that have not registered
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Venezuela extends fuel tax exemptions until January 2027
Venezuela has extended a temporary exemption from VAT, customs duty, and other taxes on hydrocarbon fuels under Decree No. 5.207, published in Official Gazette No. 43.292 on 9 January 2026. The decree maintains the tax relief for the definitive
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US: IRS publishes guidance on updated federal payment processes
The US Internal Revenue Service has issued frequently asked questions in Fact Sheet 2026-02 on 27 January 2026 to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernising Payment To and From
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