Tuesday, March 17, 2026
Andorra has gazetted the ratification of the income and capital tax treaty with Estonia on 13 January 2026. Signed on 23 September 2025, the agreement seeks to eliminate double taxation on income and capital while preventing tax evasion. It applies to residents of either state and covers corporate, personal, non-resident income taxes in Andorra, and...
Romania has published Law No. 239/2025 and Emergency Ordinance No. 89/2025, which introduce a 1% cap on deductions for payments to non-resident related parties for intellectual property and management or consulting services. The limit applies to companies with a turnover of less than EUR 50 million. For 2026, the cap is based on 2024 expenses...
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United States. The agreement is critical for major automakers, including Ford, GM, Stellantis, Tesla, Toyota, Honda, Hyundai, and Volkswagen,...
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...