Tuesday, February 03, 2026
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 services remained strong in 2025, aided by an expanded workforce and the lack of major new tax legislation,...
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 General minimum threshold: Individuals and undivided estates are only liable for the tax if the total value of their...
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 income tax, dividends and high-tech incentives, the simplified tax system, and VAT exemptions, with notable increases for gambling activities and tighter conditions...
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 focuses on the tax deductibility of specific labour-related benefits paid to business partners who perform work for their own companies. SII clarifies...
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 and exchanging tax information on electronic money and cryptocurrency assets, with retroactive effect from 1 January 2026....
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 concerns proposed changes to the Law on Minimum Taxation on Large Groups Supplementary Tax Act and would amend the...
The Curacao–Cyprus Income Tax Treaty (2025) will enter into force starting 28 February 2026. Signed on 23 April 2025, the agreement is based on the OECD Model Tax Convention (2017 Model). The treaty applies to various taxes, including Cyprus income tax, corporate income tax, the special contribution for the Defense of the Republic, and capital...
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 267 votes, short of the 289 needed, while a far-right National Rally motion received 140 votes. Prime Minister Sébastien...
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 under the country’s simplified VAT regime. It establishes a mandatory tax retention system in which local financial institutions, such as...
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 import and sale in Venezuela of fuels derived from hydrocarbons, as well as for inputs and...