Tuesday, March 17, 2026
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...
The income tax treaty between Iceland and Saudi Arabia entered into force from 1 January 2025. Signed on 4 December 2024, the agreement aims to prevent double taxation and is expected to encourage trade and investment by addressing tax challenges, ensuring fair opportunities for investors, and enhancing economic cooperation between the countries. The agreement covers...
India and the European Union signed a long-awaited trade agreement on 27 January 2026 at the 16th EU-India summit in New Delhi that will significantly reduce tariffs on most goods, aiming to boost bilateral trade and reduce reliance on the US amid global trade tensions. The deal is expected to double EU exports to India...
Chile’s tax authority (SII) has updated the annual global complementary tax brackets for the 2026 tax year. These adjustments are based on the December 2025 annual tax unit (UTA) value of CLP 834,504. These changes are formalised under Circular No. 05, issued on 21 January 2026. Standard tax brackets (Tax year 2026) These brackets apply...
Algeria’s Ministry of Finance has gazetted the Finance Law for 2026 on 31 December 2025. The Finance Law for 2026 sets out the national budget, defining projected revenues, spending limits, and the overall financial framework for state operations. It also introduces updates to tax and legal provisions, manages special purpose funds, and implements targeted economic...
The Slovak Republic’s Ministry of Finance (MoF) published Preliminary Information No. PI/2026/11 on 19 January 2026 concerning the preparation of draft legislation to amend Act No. 507/2023 Coll., which implements the EU Minimum Taxation Directive (Directive (EU) 2022/2523). The primary objective of the bill is to incorporate additional adjustments arising from the OECD/G20 Inclusive Framework’s...
US President Donald Trump announced in a Truth Social post on 27 January 2026 that tariffs on Korean autos, lumber, pharmaceuticals, and other goods subject to reciprocal measures will increase from 15% to 25%. The higher rate reverses the reduction agreed under the tentative US-Korea (Rep.) trade deal reached in July 2025 and finalised in...
The Japanese Ministry of Foreign Affairs announced, on 26 January 2026, that the first round of negotiations to update the Japan–Philippines Income Tax Treaty will begin in Manila today, 27 January 2026. The treaty was originally signed in 1980 and was partially amended by a protocol in 2008. Officials from both governments will explore ways...