Tuesday, March 17, 2026
The Colombian government, through Decree No. 0170 issued on 20 February 2026, has established reciprocal tariffs and entry restrictions on goods from Ecuador in response to trade measures previously imposed by Quito. The decree applies a 30% ad valorem tariff on 23 tariff headings, covering 73 subheadings, for products originating in Ecuador. This mirrors the...
The General Directorate of Internal Taxes (DGII) of the Dominican Republic issued Circular No. 03-2026 on 16 February 2026, establishing relief measures for surcharges on overdue tax obligations. The initiative aims to encourage taxpayers to regularise outstanding debts while improving collection efficiency. Payment benefits by fiscal period Debts from 2020 and prior Single Payment: Taxpayers...
The Egyptian Ministry of Finance has issued Decision No. 420 of 2025, providing tax incentives for small businesses with annual revenues up to 15 million EGP under Law No. 6 of 2025. Businesses can apply for these benefits or opt out after five years through the Egyptian Tax Authority portal using Form No. 10/1 for...
Turkey’s Tax Administration has issued guidance on a 5% tax reduction available to compliant taxpayers for the 2026 filing period. The incentive applies to individuals earning business, agricultural, or professional income, as well as most corporate income taxpayers, while entities in finance, banking, insurance, reinsurance, and pension sectors are excluded. Non-resident taxpayers may also qualify...
The Netherlands Council of Ministers approved an income tax treaty with Benin on 13 February 2026, as per the list of decisions. The treaty, the first between the two countries, will be concluded by the Minister of Foreign Affairs and is designed to eliminate double taxation on income while preventing tax avoidance and evasion. This...
Brazil’s government celebrated the US decision on 24 February 2026 to eliminate tariffs on Brazilian aircraft imports, reducing duties from 10% to zero amid broader US trade policy shifts. The tariff removal significantly benefits Brazil’s aerospace industry, particularly planemaker Embraer, which previously faced disadvantages against competitors like Canada’s Bombardier and France’s Dassault Aviation—both already enjoying...
Saudi Arabia has modified its government procurement policy by introducing an exemption mechanism that allows government entities to contract with foreign companies without a regional headquarters (RHQ) in the Kingdom under specific circumstances. The Local Content and Government Procurement Authority now permits government bodies to request exemptions through the Etimad Platform’s dedicated e-service. This approach...
The Netherlands Ministry of Finance has published a collective decision, which was published in Official Gazette No. 8286 of 25 February 2026 on 25 February 206, addressing the widespread objections to corporate income tax interest charges dating back to 1 October 2020. To handle the high volume of complaints efficiently, the State Secretary of Finance...
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17: Modifications to Rules for Computing Taxable Income or Loss and Foreign Currency Gain or Loss Under Section...
With a view to boosting EU competitiveness, the EU Council announced the approval of a simplification of the sustainability reporting and due diligence requirements for companies on 24 February 2026. This legislation simplifies the directives on corporate sustainability reporting (CSRD) and corporate sustainability due diligence (CS3D) by reducing the reporting burden and limiting the trickle-down...