US: IRS extends tax deadlines for Texans affected by July storms
The US Internal Revenue Service (IRS) has announced tax relief on 27 October 2026 for individuals and businesses hit by severe storms in parts of Texas that began on 14 July 2026. Eligible taxpayers now have until 1 February 2027 to file certain
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Canada extends federal fuel excise tax relief until 2027
Canada’s Department of Finance announced, on 29 October 2026, that it has passed legislation to extend the federal fuel excise tax relief. Bill C-38, the Canadian Fuel Affordability Act, has received Royal Assent and is now law. The government
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Brazil: Federal Court excludes service tax from PIS, COFINS base
The Brazilian Supreme Federal Court (STF) issued a ruling that the service tax (ISS) is not part of the calculation base for PIS and COFINS, two federal contributions that fund social security. The decision came on 21 October 2026, in
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Uruguay: DGI sets procedure for Pillar Two QDMTT compensation
Uruguay's Tax Authority, Dirección General Impositiva (DGI) has issued Resolution No. 2400/026, which sets the mandatory procedure for eligible multinational taxpayers seeking compensation under fiscal stability clauses against the Pillar Two
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Bolivia extends transfer pricing, corporate tax filing and payment deadlines for FY June 2026
Bolivia’s National Tax Service (SIN) announced, on 29 October 2026, that it has extended the Corporate Income Tax (IUE) filing and payment deadline to 30 November 2026 for taxpayers with a fiscal year ending on 30 June 2026. The extended
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US: IRS reports record tax collections, higher refunds in FY 2026
The US Internal Revenue Service (IRS) has published a report on 29 October 2026 highlighting its performance in fiscal year 2026, including tax collection results, refund processing and the delivery of new tax benefits to working families. The
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Bank of Canada raises policy key rate, signals more hikes may follow
The Bank of Canada raised its key policy rate by 0.25 percentage points on 28 October 2026. The rate now stands at 2.5%. Markets had widely expected the move, which marks the first increase since July 2023. The key policy rate is applied to
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US: Trump finds robot imports a security risk but holds off on tariffs
US President Donald Trump found, on 28 October 2026, that imported robotics and industrial machinery pose a national security risk. He, however, did not impose any tariffs. This follows Trump signing a proclamation under Section 232 of the Trade
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Mexico: Senate passes 2027 revenue law with wider tax regularisation programme
Mexico’s Senate of the Republic approved the bill enacting the Federal Revenue Law for Fiscal Year 2027 on 27 October 2026, according to Bulletin No. 0356. The Senate’s Board of Directors ordered the bill to be sent to the Federal
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Canada turns to UAE trade deal as tensions with US rise
Canada and the UAE have signed a trade pact that will cut tariffs on more than 99% of Canadian exports to the UAE, as Prime Minister Mark Carney looks for trading partners beyond the US. Canada and the United Arab Emirates (UAE) signed a broad
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Argentina: ARCA clarifies registration and validation procedures under tax innocence law
Argentina’s tax authority (ARCA) clarified the distinction between registration, ratification and validation under the Tax Innocence Law on 27 October 2026. Taxpayers who have already joined the system, filed their sworn statement and cleared
See MoreUS: IRS grants temporary relief on dyed diesel reporting
The US Internal Revenue Service (IRS) announced on 21 October 2026 that it has granted temporary administrative relief from certain reporting and recordkeeping rules tied to the tax imposed under section 4041(a) of the Internal Revenue Code. The
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Argentina: ARCA adjusts the simplified sworn statement regime for Fiscal Innocence II
The Argentine tax authority (ARCA) has announced changes to the simplified income tax return regime for individuals introduced by the so-called “Fiscal Innocence II” Law (Law No. 27.826). The aim is to make filing easier for individuals who want
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Dominican Republic mandates e-invoicing for Large local, medium taxpayers from November 2026
The Dominican Republic’s Directorate General of Internal Taxes issued Notice 17-26 on 26 October 2026, reminding taxpayers classified as large local (Grandes Locales) and medium (Medianos) that the transition to electronic invoicing is imminent.
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US: Trump Administration eases tariffs on some Canadian agricultural, forestry imports
US President Donald Trump signed an order on 23 October 2026 that removes 50% tariffs on some Canadian agricultural and forestry products. The change could help businesses in Maine, a state that borders Canada. Relief covers building and farm
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US: SSTGB approves voluntary disclosure programme for remote sellers
US Streamlined Sales Tax Governing Board (SSTGB) approved amendments to the Streamlined Sales and Use Tax Agreement (SSUTA) on 14 October 2026, establishing a new voluntary disclosure programme for qualified remote sellers. The SSTGB is a
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Brazil simplifies consumption tax compliance for small businesses
Brazil is putting its Consumption Tax Reform into effect, and the new system brings extra paperwork for small operators. Many of them run one-person businesses with little time or staff to handle it. The federal government responded with two new
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US: Trump Administration declares wind turbine imports a national security threat
US President Donald Trump declared that imports of wind turbines and their components threaten US national security on 22 October 2026. He made the declaration in a White House proclamation, but the order does not add new tariffs on the
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