Uruguay revises 2026 minimum advance payments for corporate tax, VAT
Uruguay issued Decree No. 310/025 on 26 December 2025, which was published in the Official Gazette on 7 January 2026, revising the minimum monthly advance payment requirements for Corporate Income Tax (CIT) and Value-Added Tax (VAT) for
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US, Taiwan reach major trade deal on semiconductors and key Taiwanese exports
The US and Taiwan have finalised a significant trade agreement that will reduce tariffs on many Taiwanese exports, boost US technology investment, and strengthen ties between Washington and Taipei amid rising tensions with China. Under the deal,
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Ecuador: Tax Administration extends tax returns deadlines following system outage
Ecuador’s Tax Administration (SRI) has issued Resolution No. NAC-DGERCGC26-00000002 on 13 January 2026, extending the deadlines for tax returns and statutory annexes originally due on 12 January 2026. The revised deadlines are as
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US: Trump calls USMCA ‘irrelevant’ to national interests
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United
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US: Treasury, IRS clarify permanent 100% additional first-year depreciation under OBBB
The US Internal Revenue Service (IRS) and the Department of the Treasury announced on 14 January 2026 the issuance of Notice 2026-11 offering guidance on the permanent 100% additional first-year depreciation deduction for eligible property acquired
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Brazil: RFB denounces fake news about PIX taxation
Brazil’s tax authority, the Federal Revenue Service (RFB) issued a warning to the public on 14 January 2026 regarding false claims circulating on social media that PIX transactions are being monitored for taxation purposes. Authorities stressed
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US: Trump delays critical minerals tariffs, opts for overseas sourcing
President Donald Trump has decided not to impose tariffs on rare earths, lithium, and other critical minerals for now, opting instead to pursue overseas supply arrangements. He has instructed US Trade Representative Jamieson Greer and Commerce
See MoreUruguay updates rules on investment incentives for priority sectors
Uruguay issued Decree 329/025 on 13 January 2026, introducing updated rules for the investment incentive regime established under Law 16,906 of 1998 for promoted sectoral activities. The regulation establishes a merit-based system where companies
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Canada announces 2026 automobile deduction limits, business expense benefit rates
Canada’s Department of Finance announced, on 14 January 2026, the automobile income tax deduction limits and expense benefit rates that will apply in 2026. The following changes to limits and rates took effect as of 1 January 2026: The
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Colombia expands scope of fiscal reconciliation report filing obligations
The Colombian tax authority (DIAN) has published Resolution No. 000246 of 30 December 2025, which modifies the rules governing the submission of the fiscal reconciliation report (reporte de conciliación fiscal) and expands the group of taxpayers
See MoreUS: Trump imposes 25% tariff on AI chips imports
US President Donald Trump has announced a new 25% tariff on selected high-performance artificial intelligence chips, including Nvidia’s H200 processor and AMD’s MI325X, under a national security proclamation issued by the White House on 14
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Peru extends R&D tax incentives through 2028
Peru has extended tax incentives for scientific research, technological development, and technological innovation under Law No. 32539, published on 31 December 2025. The legislation continues the benefits previously established by Laws No. 30309
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Argentina enacts sweeping overhaul of tax criminal thresholds, procedures
Argentina has enacted Law 27,799, introducing extensive amendments to the Tax Criminal Regime under Law No. 27,430 and the Tax Procedure Law (Law No. 11,683) together with related changes to civil, commercial and social security legislation.
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Peru: Government extends VAT exemptions for certain goods, services
The Peruvian government has extended the VAT (Impuesto General a las Ventas, IGV) exemption for the transactions listed in Appendices I and II covered under the VAT Law. The law ensures continued VAT relief on essential goods and selected
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Canada, Qatar set to conclude tax treaty negotiations
Canadian and Qatari officials met on 8 January 2026 to discuss ways to strengthen bilateral cooperation, The Qatar News Agency (QNA) reported. HE Dr Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade Affairs, welcomed HE Maninder
See MoreArgentina: ARCA extends VAT prepayment relief on essentials until mid-2026
Argentina’s tax and customs authority (ARCA) published General Resolution 5,807 in the Official Gazette on 30 December 2025, announcing an extension to the suspension of advance VAT collection on essential items, including food, medicines, and
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US: Trump to imposes tariffs on Iran’s trade partners
Alongside military considerations, Trump has moved to sharply increase economic pressure on Iran. He announced on Monday, 12 January 2026, the immediate imposition of a 25% tariff on any country doing business with Iran, a step that could
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Argentina raises statutory limit for tax evasion cases
Argentina has increased the thresholds for tax evasion and aligned the statute of limitations with civil and commercial regulations under Law 27,799, which was published in the Official Gazette on 2 January 2026. Law 27,799 introduces a
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