Chile: SII waives VAT penalties, interest following technical disruptions
Chile's tax authority (SII) issued Resolution EX. SII No. 27 on 20 February 2026, which provides automatic forgiveness of interest charges and penalties for taxpayers affected by system outages. The SII's digital platform experienced technical
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Honduras launches tax amnesty programme to clear outstanding fiscal debts
The government of Honduras has announced a temporary Tax Amnesty programme on 13 February 2026 aimed at helping taxpayers resolve outstanding fiscal debts and administrative obligations. The relief window opened on 13 February 2026 and will
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Colombia imposes temporary corporate wealth tax for disaster relief
The Colombian government issued Decree 0173 on 24 February 2026, introducing a temporary wealth tax to finance the response to a severe climatic emergency. The tax applies to corporations with tax net equity equal to or exceeding USD 2.9 million as
See MoreColombia imposes tariffs, border restrictions on Ecuadorian imports
The Colombian government, through Decree No. 0170 issued on 20 February 2026, has established reciprocal tariffs and entry restrictions on goods from Ecuador in response to trade measures previously imposed by Quito. The decree applies a 30% ad
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Dominican Republic: DGII introduces surcharge relief for overdue taxes
The General Directorate of Internal Taxes (DGII) of the Dominican Republic issued Circular No. 03-2026 on 16 February 2026, establishing relief measures for surcharges on overdue tax obligations. The initiative aims to encourage taxpayers to
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Brazil welcomes zero tariffs on aircraft exports to US
Brazil's government celebrated the US decision on 24 February 2026 to eliminate tariffs on Brazilian aircraft imports, reducing duties from 10% to zero amid broader US trade policy shifts. The tariff removal significantly benefits Brazil's
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US: IRS revises Section 987 income, foreign currency rules
The US Internal Revenue Service (IRS) has released Notice 2026-17, addressing revisions to the rules for calculating taxable income or loss and foreign currency gain or loss related to a qualified business unit under Section 987. Notice 2026-17:
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US: USTR signals 15% tariffs for select nations
US Trade Representative (USTR) Jamieson Greer announced, on 25 February 2026, that tariff rates will increase to 15% or higher for certain countries, up from the current 10% rate that took effect on 24 February 2026. However, he did not specify
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Panama: MEF to dissolve thousands of suspended companies starting February 2026
The Ministry of Economy and Finance (MEF) announced on 23 February 2026 that it will launch a major initiative to dissolve suspended legal entities, reinforcing Panama's commitment to legal and financial transparency while meeting international
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Bolivia unveils major tax relief programme to ease business burden
The Bolivian government introduced the Transparency and Tax Relief Bill on 19 February 2026, marking a significant overhaul of the country's tax system aimed at helping entrepreneurs and businesses overcome crippling debts and administrative
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Mexico introduces tax incentive for films, AV productions
Mexico has published a decree granting a tax incentive for film and audiovisual production in the Official Gazette on 16 February 2026. The government aims to align its creative industry with international standards, including cash rebates and tax
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Peru updates VAT withholding rules for imports
Peru issued Legislative Decree No. 1714 on 4 February 2026, revising the application of advance VAT (IGV) withholding on imported goods. The changes clarify when a 10% withholding rate applies, up from the usual 3.5% or 5%, based on the risk profile
See MoreUS releases interim guidance on special depreciation for eligible production property
The US Department of the Treasury and the Internal Revenue Service (IRS) announced on 20 February 2026 that it has provided interim guidance for taxpayers regarding the special depreciation allowance for qualified production property enacted under
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Brazil: RFB publishes draft guidance on specific regimes declaration (DeRE)
Brazil’s tax authority, the Federal Revenue Service (RFB), has announced the release of updated technical documentation for the first phase of the Declaration of Specific Regimes (DeRE) on 23 February 2026. While the published file still
See MoreBrazil hikes import duties on IT, telecom, capital equipment
Brazil’s Executive Committee of Foreign Commerce (GECEX) has gazetted Resolution GECEX 852/26 on 4 February 2026, and Resolution GECEX 853/26 on 6 February 2026, which relate to import duty increases on various capital goods, IT, and telecom
See MoreUS: Trump Administration implements 10% global tariffs after Supreme Court setback
The US began collecting a new 10% global import tariff on 25 February 2026, following a Supreme Court ruling that struck down President Trump's previous emergency tariffs, which had ranged from 10% to 50%. On 20 February 2026, the US Supreme
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Argentina updates special regime for major investments
Argentina issued Decree 105/2026 on 18 February 2026, extending the registration deadline for the Special Incentive Scheme for Large Investments (RIGI), approved in June 2024. The decree updates specific regulatory frameworks to better
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US: Department of Commerce to rule on solar import duties from India, Indonesia, Laos
The US Department of Commerce is expected to announce a preliminary ruling on 23 February 2026 on whether it will impose anti-subsidy duties on solar cells and panels from India, Laos, and Indonesia. This follows after a coalition of US solar
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