Mexico submits 2027 economic package with tax, customs measures
Mexico’s Federal Executive submitted the Economic Package for 2027 to Congress on 8 September 2026, including proposed amendments to the Income Tax Law (ITL), Federal Revenue Law (LIF), Customs Law and Federal Duties Law (LFD), alongside other
See More
Dominican Republic consults on tax reform rules
The Dominican Republic’s Executive Power had submitted the draft Application Regulation for Law No. 30-26 for public consultation, setting out rules on tax procedures, incentive regimes, withholding taxes and other administrative measures. The
See More
Argentina ratifies MERCOSUR-Singapore free trade agreement
Argentina’s President signed Decree No. 1010/2026 on 14 September 2026, promulgating Law No. 27.819 and ratifying the free trade agreement between MERCOSUR (Argentina, Brazil, Paraguay, and Uruguay) and Singapore (MCSFTA), signed on 7 December
See More
Brazil expands fuel subsidies, cuts gasoline and ethanol taxes
Brazil's government announced fresh fuel relief measures on 9 September 2026, expanding diesel subsidies and cutting taxes on gasoline and ethanol. The move comes as crude oil prices remain elevated near USD 100 per barrel, driven by regional
See More
US: IRS extends livestock tax relief for drought-affected farmers
The US Internal Revenue Service (IRS) issued new guidance on tax relief for farmers and ranchers across the country who sold or exchanged livestock due to severe drought on 15 September 2026. The extension allows affected producers to defer taxes on
See More
Colombia: Congress passes 2027 budget amid worsening public finances
Colombia’s Congress approved the government’s 2027 spending budget on 14 September 2026, setting expenditure at COP 634.9 trillion (USD 206.6 billion) as public finances faced a projected record fiscal deficit. The Senate and lower house backed
See More
Canada expands tax breaks with permanent Productivity Mega Deduction to attract global investment
Canada’s Prime Minister Mark Carney announced a new tax measure on 15 August 2026 aimed at strengthening Canada's economy and drawing foreign investors to the country. The initiative, called the Productivity Mega Deduction, expands a previous
See More
US: USTR consults foreign trade barriers for 2027 report
The Office of the United States Trade Representative (USTR), through the Trade Policy Staff Committee (TPSC), invited public comment on 14 September 2026 on foreign barriers to US exports of goods and services and US foreign direct investment for
See More
Canada introduces priority tax rulings for investments of CAD 1 billion or more
Canada’s Finance Minister François-Philippe Champagne announced on 14 September 2026 that the Canada Revenue Agency (CRA) will fast-track advance income tax ruling requests for investments worth CAD 1 billion or more. The priority system began
See More
US: Treasury welcomes revised Pillar Two GloBE Information Return (GIR)
The US Treasury has welcomed the OECD/G20 Inclusive Framework’s release of the revised GloBE Information Return (GIR) on 11 September 2026. The changes implement President Trump's directive to exempt American corporations from the international
See More
Bolivia: SIN updates RAU fixed per-hectare fees for 2025
Bolivia’s National Tax Service (SIN) issued Administrative Ruling (RND) No. 102600000036 on 9 September 2026, updating the Fixed Per-Hectare Fees under the Unified Agricultural Regime (RAU) for the 2025 tax year. The update was made in
See More
Panama: DGI clarifies tax lottery drives revenue growth through voluntary compliance
Panama's tax authority (DGI) has clarified on 13 August 2026 that the tax lottery has successfully increased government tax revenue by encouraging citizens to request receipts during purchases. Since the program launched on 28 August 2025, monthly
See More
US: IRS reminds taxpayers of free Direct Pay option for federal taxes
The Internal Revenue Service has announced, on 10 September 2026, that Direct Pay provides a free alternative for settling federal tax obligations directly through bank accounts. The platform operates on IRS.gov without requiring user registration
See More
US: IRS, Treasury propose new foreign source Section 951A income, FDDEI deductions rules
The US Internal Revenue Service (IRS) and Treasury Department have issued a notice of proposed rulemaking titled Allocation and Apportionment of Deductions to Foreign Source Section 951A Category Income and Deduction Eligible Income, published in
See More
Mexico proposes tighter corporate tax rules, business deductions under 2027 economic package
Mexico’s executive branch has proposed a series of tax changes under its 2027 Economic Package, submitted to the Chamber of Deputies on 8 September 2026. The proposals would amend the Income Tax Law (LISR), Federal Internal Revenue Law (LIF) and
See More
US: IRS issues 2026 clean fuel production tax credit guidance
The US Internal Revenue Service (IRS) announced on 8 September 2026 that it issued Notice 2026-53, providing the 2026 emissions rate table for calculating the clean fuel production credit, along with additional guidance on the credit. Notice
See More
Panama: DGI extends transfer pricing report filing deadline for specified taxpayers
Panama’s tax authority (DGI) has published Resolution No. 201-6989 (issued on 2 September 2026) in the Official Gazette on 8 September 2026 extending the deadline for filing the Transfer Pricing Report (Form 930) for taxpayers operating under a
See MorePanama introduces economic substance rules for multinational entities from 2027
Panama’s Ministry of Economy and Finance has published Executive Decree No. 32 in the Official Gazette on 2 September 2026 providing the official regulatory framework for economic substance requirements in Panama. These rules specifically target
See More