Sunday, June 07, 2026
The US IRS has released Notice 2026-25, setting out updated limits on housing expenses for 2026 under Section 911 of the Internal Revenue Code. This notice provides adjustments to the limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for specific locations for 2026. These adjustments are based on geographic...
New Zealand Inland Revenue has announced, on 31 March 2026, that the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill received Royal assent on 30 March 2026, enacting it into law. The legislation introduces a wide-ranging package of tax, GST, and social policy amendments, introducing significant changes to the Income Tax Act...
The US Internal Revenue Service (IRS) issued a release on 9 April 2026, in which it reminded last-minute tax filers of the 15 April deadline. The IRS encourages those who still need to file to use free tools and resources on IRS.gov to file on time or request an extension. From refund status and getting...
Ecuador has announced that it will increase customs duties on imports from Colombia to 100% from 50%, effective 1 May, escalating a series of tariff measures linked to border security and drug trafficking concerns. The Ministry of Production said the decision follows what it described as Colombia’s failure to implement “concrete and effective” measures on...
Algeria’s General Directorate of Taxes (DGI) issued an official instruction on 31 March 2026 ordering the suspension of all tax audits across the country through the end of the year. The directive, addressed to regional directorates, state-level tax offices, and research and audit departments, covers not only audits launched in 2026 but also those initiated...
Botswana’s Minister of Finance has tabled the 2025 Tax Amendment Bills before Parliament on 15 December 2025. The Bills include the Income Tax Bill (2025), Value Added Tax Bill (2025), the Customs Amendment Bill (2025), and the Tax Administration Bill (2025). The bills are aimed at consolidating, modernising, and harmonising Botswana’s tax legislation, as well...
The Slovak Republic’s Ministry of Finance has issued Guidance No. MF/016959/2025-724, which provides updated rules for the taxation of income derived by nonresidents from computer programs (software). This guidance, effective from 1 January 2026, aims to ensure a uniform procedure in assessing whether such payments are subject to withholding tax in Slovakia. A fundamental shift...
UK’s HMRC has issued updated guidance on the foreign income and gains (FIG) regime on 6 April 2026, setting out eligibility criteria, claim procedures, qualifying income and gains, and the implications for tax allowances. Background: FIG replaces remittance basis The FIG regime, introduced on 6 April 2025, replaces the remittance basis of assessment following its...
The Inland Revenue Authority of Singapore has introduced measures on Corporate Income Tax (CIT) rates, rebates, and tax exemption schemes, clarifying enhancements to the CIT Rebate and the CIT Rebate Cash Grant for the Year of Assessment (YA) 2026. The update is aimed at providing additional support to companies through these measures to help them manage...
Guilherme Mello, Brazil’s Planning Ministry’s newly appointed executive secretary, said on Wednesday, 8 April 2026, that Brazil is pressing ahead with fiscal discipline despite an upcoming presidential election, with new spending caps and restrictions on tax incentives set to take effect in 2027 A fiscal package introduced in 2024 built automatic adjustment mechanisms into Brazil’s...