Posts by: RF Report


Ecuador: Tax Administration extends tax returns deadlines following system outage

Ecuador’s Tax Administration (SRI) has issued Resolution No. NAC-DGERCGC26-00000002 on 13 January 2026, extending the deadlines for tax returns and statutory annexes originally due on 12 January 2026. The revised deadlines are as follows: Taxpayer Type Extended Deadline Tax ID ending in 1 or 2 21 January 2026 Special taxpayers (Contribuyentes Especiales) 15 January 2026...

Bangladesh: NBR introduces digital corporate tax, VAT payments

The National Board of Revenue (NBR) has introduced a facility for large-value corporate tax and VAT payments through mobile financial service bKash on 11 January 2026, advancing the country’s push toward full digitalisation of revenue collection. The service was formally launched by NBR Chairman Md Abdur Rahman Khan, who said two real-time transactions had already...

Taiwan: MoF extends 2025 income certificate filing deadline

Taiwan’s Ministry of Finance (MoF) has announced an extension to the filing deadline for 2025 income-related certificates, after the original end date fell on a weekend. The filing period for 2025 income withholding and non-withholding certificates, dividend certificates, trust income declarations, and trust property income certificates was initially scheduled to run from 1 January to...

Andorra ratifies income tax treaty with Estonia

Andorra has gazetted the ratification of the income and capital tax treaty with Estonia on 13 January 2026. Signed on 23 September 2025, the agreement seeks to eliminate double taxation on income and capital while preventing tax evasion. It applies to residents of either state and covers corporate, personal, non-resident income taxes in Andorra, and...

Romania implements 2026 tax reforms: Limits deductions for IP, consulting fees

Romania has published Law No. 239/2025 and Emergency Ordinance No. 89/2025, which introduce a 1% cap on deductions for payments to non-resident related parties for intellectual property and management or consulting services. The limit applies to companies with a turnover of less than EUR 50 million. For 2026, the cap is based on 2024 expenses...

US: Trump calls USMCA ‘irrelevant’ to national interests

US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United States. The agreement is critical for major automakers, including Ford, GM, Stellantis, Tesla, Toyota, Honda, Hyundai, and Volkswagen,...

US: Treasury, IRS clarify permanent 100% additional first-year depreciation under OBBB

The US Internal Revenue Service (IRS) and the Department of the Treasury announced on 14 January 2026 the issuance of Notice 2026-11 offering guidance on the permanent 100% additional first-year depreciation deduction for eligible property acquired after 19 January 2025, under the provisions of the One, Big, Beautiful Bill. Notice 2026-11 that provides taxpayers with...

Brazil: RFB denounces fake news about PIX taxation

Brazil’s tax authority, the Federal Revenue Service (RFB) issued a warning to the public on 14 January 2026 regarding false claims circulating on social media that PIX transactions are being monitored for taxation purposes. Authorities stressed that such information is entirely false and constitutionally prohibited, as financial transactions cannot be taxed. According to the agency,...

US: Trump delays critical minerals tariffs, opts for overseas sourcing

President Donald Trump has decided not to impose tariffs on rare earths, lithium, and other critical minerals for now, opting instead to pursue overseas supply arrangements. He has instructed US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick to engage with international partners to secure imports without jeopardising US national security. The Trump administration...

Uruguay updates rules on investment incentives for priority sectors

Uruguay issued Decree 329/025 on 13 January 2026, introducing updated rules for the investment incentive regime established under Law 16,906 of 1998 for promoted sectoral activities. The regulation establishes a merit-based system where companies earn tax exemptions by meeting specific goals, such as creating jobs, increasing exports, and adopting sustainable technologies. It introduces specialised benefits...