US: Trump Administration imposes zero-tariff window for generics through July 2028, then 100% and 200% tariffs
President Donald Trump announced on 21 July 2026 that generic drugs imported into the United States will enjoy a zero-tariff window through 31 July 2028, after which tariffs will accelerate sharply. Once the grace period ends, imported generics will
See More
US, Jordan sign reciprocal trade agreementÂ
The Office of the United States Trade Representative (USTR) announced the signing of a reciprocal trade agreement with Jordan on 21 July 2026 and released a fact sheet outlining its key provisions. “President Trump is deepening our economic and
See More
US: Trump Administration set to replace expiring 10% tariff with forced-labour duties on 60 countries
US President Donald Trump is set to impose new tariffs on dozens of countries as early as this week, according to a Financial Times report published yesterday, 21 July 2026, ahead of the expiration of the temporary 10% global tariff on Friday, 24
See More
Brazil, Cambodia considers negotiating for income tax treaty
Cambodia's Ministry of Economy and Finance announced, on 16 July 2026, that officials from Brazil and Cambodia met on 15 July 2026 to discuss bilateral cooperation. The two sides agreed to explore formal investment protections, a bilateral free
See More
Chile: SII extends tax relief for 20 more municipalities after storm damage
Chile's tax authority (SII), the Ministry of Finance and the General Treasury, announced on 20 July 2026 that they have added 20 municipalities to a forgiveness programme for storm-affected taxpayers, expanding relief to cover individuals and
See More
Chile: SII, mining authority push advance pricing agreements to lock in transfer prices
Chile's tax authority (SII) announced on 20 July 2026 that SII and Chile’s Copper Commission (Cochilco) hosted a conference on 13 July 2026, aimed at encouraging major mining companies to enter into advance pricing agreements—formal contracts
See MoreUS: Trump Administration invokes century-old law to hit Canada with 50% tariffs
President Donald Trump announced 50% tariffs on approximately USD 20 billion of Canadian imports on 20 July 2026, marking the first use of Section 338 of the Tariff Act of 1930 in nearly a century. The action targets a wide array of
See More
Argentina ratifies second amending protocol to income tax treaty with France
Argentina has gazetted Law 27814 on 17 July 2026, which ratifies the amending protocol to its 1979 income and capital tax treaty with France. Signed on 6 December 2019, the protocol is the second to amend the treaty. It will enter into force 30
See MoreChile: SII grants tax amnesty to storm-affected regions through October 2026
Chile's Ministry of Finance, the tax authority (SII), and the General Treasury of the Republic (TGR) have granted automatic tax relief to taxpayers in 28 municipalities hit by a recent storm system, according to a release on 19 July
See More
Dominican Republic revises corporate environmental contributions for waste management rules
The Dominican Republic has enacted Law No. 36-26, amending the General Law on Integrated Management and Co-Processing of Solid Waste (Law 225-20) by introducing a revised environmental contribution framework for corporate entities and other changes
See More
Dominican Republic consults temporary tax amnesty rules
The Dominican Republic's General Directorate of Internal Taxes (DGII) launched a public consultation on 14 July 2026 on a draft General Rule establishing the procedures, requirements and conditions for applying the temporary tax amnesty introduced
See MoreUS, Mexico to convene for third round of USMCA negotiations tomorrow
The US will meet with Mexico in Mexico City for the third bilateral negotiating round related to the Joint Review of the United States-Mexico-Canada Agreement (USMCA) on 21 July 2026, according to a release by the USTR dated 17 July 2026. This
See More
Argentina: ARCA simplifies goods export registration for transfer pricing
Argentina’s tax authority (ARCA) has published General Resolution 5872/2026 in the Official Gazette of 3 July 2026, which consolidates and updates the mandatory registration process for export contracts involving goods with transparent market
See MoreBrazil, Canada sign agreement on mutual administrative assistance in customs matters
Brazil and Canada held the fifth Brazil-Canada Strategic Partnership Dialogue on 14 July 2026. During the meeting, participants discussed collaboration on trade, investment, mining, energy, science and technology, defence, customs, countering
See MoreUS lawmakers push Trump administration to block solar import loophole
A bipartisan group of US lawmakers urged the Trump administration, on 16 July 2026, to clamp down on imports of partially finished solar cells—called "blue wafers"—that manufacturers use to sidestep tariffs and claim federal tax credits they're
See MoreUS: California tax credit cap threatens to reverse film industry job gains
California introduced a cap on film and television tax credits that threatens to reverse one of the state's rare recent industrial wins. SB 122, part of the 2025-2026 budget deal, limits annual claims to USD 5 million through 2029. Starting in
See More
Dominican Republic consults on draft software tax rules under tax reform
The Dominican Republic's General Directorate of Internal Taxes (DGII) has launched a public consultation on a draft general rule establishing the tax treatment of software transactions, introducing new rules for software acquisitions, licensing,
See More
Dominican Republic consults new accelerated depreciation regime for industrial machinery
The Dominican Republic's Directorate General of Internal Revenue (DGII) has opened a public consultation on a draft general norm establishing the implementation framework for the accelerated depreciation regime introduced under Law No.
See More