Tuesday, February 03, 2026
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’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,...
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 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...
HM Revenue & Customs (HMRC) has issued updated guidance for the accountancy sector on compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The guidance applies to all accountancy service providers (ASPs) under HMRC supervision and sets out the standards firms must meet in areas such as...
Kazakhstan has published Government Decree No. 1199 of 31 December 2025 approving the list of goods for which value added tax may be paid using the VAT offset method on import. The decree was adopted in accordance with Articles 508 and 509 of the Tax Code and entered into force on 1 January 2026. The...
Montenegro has taken a further step toward implementing the OECD/G20 Base Erosion and Profit Shifting (BEPS) Multilateral Instrument (MLI), with its provisional list of reservations and notifications indicating that 40 of its tax treaties will be covered by the convention. The law ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base...
The Danish Official Gazette published Executive Order No. 24/2026 on 13 January, proclaiming the consolidated text of the Act on Tax-Free Business Conversion. The consolidation incorporates amendments introduced by Act No. 1576 of 27 December 2019, which entered into force on that date. The Act allows owners of personally owned businesses to elect for a...
The Colombian tax authority (DIAN) has published Resolution No. 000246 of 30 December 2025, which modifies the rules governing the submission of the fiscal reconciliation report (reporte de conciliación fiscal) and expands the group of taxpayers required to submit it through DIAN’s electronic information services. The stated purpose of the change is to enhance DIAN’s...
US President Donald Trump has announced a new 25% tariff on selected high-performance artificial intelligence chips, including Nvidia’s H200 processor and AMD’s MI325X, under a national security proclamation issued by the White House on 14 January 2026. The decision follows a nine-month investigation conducted under Section 232 of the Trade Expansion Act of 1962, which...