Tuesday, March 17, 2026
Ecuador’s President Daniel Noboa announced on X on 21 January 2026 that his country will impose a 30% tariff on imports from Colombia starting 1 February 2026, citing a trade imbalance and Colombia’s insufficient cooperation in combating drug trafficking along their shared border. Noboa said the tariff will stay in effect until Colombia shows a...
The UK tax authority, His Majesty’s Revenue and Customs (HMRC) has updated its International Manual, providing revised guidance on key taxation areas affecting multinational companies. The updates, published on 16 January 2026, include the following: Transfer pricing HMRC has updated pages INTM414010 to INTM414500 to reflect the reform of UK transfer pricing rules. Introduced in...
US President Donald Trump announced in a post on Truth Social on 22 January 2026 that he would not impose tariffs on the dispute over Greenland, easing tensions that had unsettled NATO allies and raised fears of a serious transatlantic rupture. “Based upon a very productive meeting that I have had with the Secretary General...
Mexico’s tax administration, the Servicio de Administración Tributaria (SAT), has announced, on 12 January 2026, that the annual tax filing deadline for fiscal year 2025 for Mexican resident legal entities will fall on 31 March 2026. In-scope taxpayers are required to submit their annual income tax return covering the 2025 fiscal year by the end...
The Federal Government of Nigeria has welcomed the decision of the European Commission to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). The decision, contained in a European Commission Delegated Regulation released this week amending Delegated Regulation (EU) 2016/1675, follows Nigeria’s earlier...
Georgia has amended its excise duty framework for tobacco and tobacco products, introducing both reduced and increased rates depending on production volume and origin. No. Product HS Code Description Unit Excise Rate (%) 3 Tobacco, tobacco products 2401 Raw tobacco, tobacco residues 1 kg 30 2402 10 000 01 Cigars, cigarillos (with tobacco content) 1...
The French government has published a list of the first 101 platforms approved for use under the country’s electronic invoicing (e-invoicing) and electronic reporting reform. The list, issued on 16 January 2026 by the Directorate General of Public Finances (DGFiP), will be updated regularly as more platforms complete the approval process. From 1 September 2026,...
The Cyprus presidency presented its work programme for the first half of 2026 at the EU Economic and Financial Affairs Council (ECOFIN) meeting on 20 January, outlining its taxation priorities. The Presidency will continue efforts to combat tax evasion, aggressive tax planning and harmful tax competition. In the area of direct taxation, it will, inter...
Bulgaria’s National Assembly is reviewing a draft law amending and supplementing the Corporate Income Tax Act, submitted on 13 January 2026. The proposal introduces tax measures aimed at promoting electric mobility and research and development (R&D) activities. Under the draft law, businesses acquiring electric vehicles (EVs) on or after 1 January 2026 would be eligible...
Taiwan’s Northern Region National Taxation Bureau of the Ministry of Finance announced, on 21 January 2026, that the tax payment and assessment notices for the 2024 individual income tax assessment have been sent out. The payment period runs from 16 January to 25 January 2026, however it has been extended until 26 January due to...