Saturday, September 19, 2026
India’s Ministry of Finance has updated its Guidance Note on FATCA and CRS, providing detailed guidance for crypto exchanges and other intermediaries on their reporting obligations as Reporting Financial Institutions (RFIs) under section 508 of the Income Tax Act, 2025, and Rules 238 to 240 and Form 166 of the Income Tax Rules, 2026. The...
Mexico’s Ministry of Finance and Public Credit (SHCP) has increased Special Tax on Production and Services (IEPS) incentives for gasoline and diesel for the period from 25 to 31 July 2026, in an effort to limit the impact of rising international oil prices on fuel costs. Under the revised rates, diesel will receive the largest...
President Donald Trump said on Tuesday, 28 July 2026, that he has no interest in revising the six-year-old US-Mexico-Canada Agreement (USMCA), stating that the trade deal matters far more to Mexico and Canada than to the US. The position comes as Canada’s trade minister prepares to fly to Washington this week for fresh talks amid...
US President Donald Trump renewed his threat to impose tariffs on Canada in response to wildfire smoke drifting across the border on 24 July 2026, telling reporters: “We’re going to put a big tariff on Canada because of the smoke.” The statement marks the second time in a week Trump has made this threat, though...
China’s Ministry of Finance and the State Taxation Administration have jointly issued Announcement No. 22 of 2026 revising the urban land use tax policy on 27 July 2026, phasing out longstanding tax exemptions previously available to energy generation, mining, and oil and gas enterprises under regulations issued between 1989 and 2015. Transition period locks in...
The US Senate moved forward on a bipartisan Russia sanctions bill with an 86-12 procedural vote, handing President Donald Trump the authority to impose tariffs reaching up to 100% on the five largest buyers of Russian oil and gas. India ranks second globally in Russian crude purchases, alongside China, the Slovak Republic, Hungary, and Azerbaijan...
The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on Applying for a Certificate of Residence/ Tax Reclaim Form. The update provides clearer guidance on the conditions that foreign-owned investment holding companies must satisfy to demonstrate that they have valid reasons for establishing operations in Singapore. The updated section of the guidance states...
The State Bank of Pakistan (SBP) announced on Monday, 27 July 2026, that its policy rate will remain unchanged at 11.5%, with the Monetary Policy Committee (MPC) concluding that the current monetary policy stance remains appropriate to guide inflation towards the 5-7% target range over the medium term despite risks from the Middle East conflict....
Uruguay’s General Tax Directorate (DGI) has issued Resolution No. 1.517/2026, establishing detailed rules for the collection of tax on foreign income earned by individuals from 1 January 2026 under changes introduced by Law No. 20.446. The resolution published on 30 June 2026, implements provisions contained in Articles 653 and following of Law No. 20.446 of...
Taiwan’s National Taxation Bureau of Kaohsiung has reminded foreign taxpayers to review unclaimed tax treaty benefits following amendments to the Regulations Governing Application of Agreements for the Avoidance of Double Taxation with Respect to Taxes on Income (DTA Audit Rules), which extended the period for applying for refunds of over-withheld tax under Double Taxation Agreements...