US: IRS identifies jurisdictions qualifying for 2025 foreign earned income exclusion relief
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-16, scheduled for formal publication in Internal Revenue Bulletin 2026-13 on 23 March 2026 on the IRB website. The guidance addresses the foreign earned income exclusion for
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Brazil, Chile: Amending protocol to tax treaty takes effect
Brazil officially promulgated a protocol amending its tax treaty with Chile on 2 March 2026, according to Decree No. 12,863. The updated convention introduces significant modifications to prevent tax avoidance while eliminating double taxation on
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Argentina revises rules governing major investment incentive program
Argentina's Executive Branch published Decree 105/2026 in the Official Gazette on 18 February 2026, introducing a series of amendments to Decree 749/2024, which implemented the incentive regime for large investments known as the Régimen de
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Australia, Canada agree to revise tax treaty framework
Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney issued a joint statement on 5 March 2026 at the outset of Carney's first official visit to Australia. The two leaders have committed to modernising the two
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Ecuador updates withholding tax rates, approves ethics code
Ecuador’s Tax Authority (Servicio de Rentas Internas) has issued Resolution No.NAC-DGERCGC26-00000009, updating the country’s income tax withholding framework. The Resolution, effective from 1 March 2026, replaces the previous rules under
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US: Court orders refund of tariffs following Supreme Court ruling
Judge Richard K. Eaton of the United States Court of International Trade issued an order on 4 March 2026, requiring US Customs and Border Protection to refund duties collected under Executive Orders issued through the International Emergency
See MoreUS: IRS publishes updated depreciation tables for passenger vehicles
The US Internal Revenue Service (IRS) has published Revenue Procedure 2026-15, providing the updated 2026 depreciation tables for passenger automobiles. This revenue procedure provides: (1) two tables of limitations on depreciation deductions for
See MoreBrazil launches tax calculator for betting, fantasy sports winnings
Brazil’s tax authority, the Federal Revenue Service (RFB) unveiled a digital tool on 2 March 2026 to help citizens calculate income tax on earnings from betting platforms (BETs) and fantasy sports competitions. Taxpayers must use data from
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Germany: Tax Authorities restrict treaty benefits on dividend payments to US parent companies
The German Federal Central Tax Office (Bundeszentralamt für Steuern, BZSt) has recently adopted a restrictive administrative practice concerning withholding tax on dividend distributions paid by German companies (GmbHs) to US parent companies. This
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Honduras releases new corporate tax filing guidance
Honduras’ Tax Administration (SAR) on 23 February 2026 published updated guidance for legal entities to file corporate income tax (impuesto sobre la renta) returns, net assets tax (activo neto), and the solidarity contribution through the SAR
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India, Canada to finalise free trade agreement by year-end
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic
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US: Trump threatens full trade embargo on Spain over Iran strikes
US President Donald Trump threatened to impose a full trade embargo on Spain on 3 March 2026. This escalation follows Spain's refusal to allow the US military to use shared bases for strikes on Iran. At a White House briefing, Trump described
See MoreBrazil: RFB extends tax deadlines for flood-hit cities in Minas Gerais
Brazil’s tax authority, the Federal Revenue Service (RFB) announced the issuance of Ordinance RFB No. 655/2026 on 27 February 2026, granting emergency tax relief to municipalities affected by severe flooding in Minas Gerais state. The measure
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Canada launches consultations to strengthen automotive remission framework
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in
See MoreUS: Appeals Court fast tracks Trump tariff refund case
A US federal appeals court has accelerated the legal process that could determine how over USD 130 billion will be refunded to importers following the Supreme Court's decision to invalidate President Trump's tariffs. On Monday, 2 March 2026, the
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OECD: Croatia, Moldova, Peru sign addendum to CRS MCAA
According to an OECD update published on 3 March 2026, three new jurisdictions have joined the Common Reporting Standard framework by signing the addendum to the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account
See MoreUS: IRS issues new schedule for claiming deductions on tips, overtime, auto loans, senior income
The US Internal Revenue Service (IRS) has published a new schedule for tax year 2025 on 2 March 2026, which taxpayers will use to realise important tax benefits of the One, Big, Beautiful Bill, including no tax on tips, no tax on overtime, no tax on
See MoreBrazil: GECEX partially reverses import duties on IT, capital goods
Brazil's Executive Committee of Foreign Commerce (GECEX) has partially reversed recent import duty hikes with the publication of Resolution No. 866 on 27 February 2026. The resolution restores the import tariff on 15 IT products, including
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