US: IRS calls on taxpayers to review emergency preparedness plans
The IRS urges individuals and businesses to update their emergency preparedness plans, safeguard essential documents, and maintain accurate records to facilitate recovery and access to disaster assistance during peak hurricane and wildfire
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Canada: CRA extends withholding tax relief for nonresident subcontractor reimbursements to June 2026
Taxpayers reimbursing non-residents for services in Canada via subcontracting can defer the 15% withholding tax and related interest or penalties until 30 June 2026. The Canada Revenue Agency (CRA) has extended its administrative relief policy
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US: Michigan provides tax filing and payment relief for storm-affected residents
Individuals and businesses in Houghton and Ontonagon counties can request additional time to file state tax returns and pay state tax bills, with penalties and interest waived. Michigan State Treasurer Rachael Eubanks announced on 2 September
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Brazil: Senate approves tax treaty protocol with Chile
Signed 3 March 2022, this is the first amendment to the 2001 Brazil–Chile income tax treaty. Brazil's Senate (the upper house of parliament) approved the ratification of the protocol amending the 2001 tax treaty with Chile on 3 September
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US: Trump to impose tariffs on chip imports for companies resisting US production shift
"We will be putting a very substantial tariff, not that high, but fairly substantial tariff, with the understanding that if they come into the country, if they are coming in, building, planning to come in, there will not be a tariff. If they are not
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Colombia updates CERT rules for exports
Colombia’s Decree 0952 clarifies CERT calculations, extends deadlines and updates operational rules for exporters. Colombia’s government issued Decree No. 0952 on 29 August 2025, updating Decree No. 566, which governs the Tax Refund
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Uruguay: 2025–29 budget bill proposes new domestic minimum tax
Uruguay’s 2025–29 Budget Bill proposes a new domestic minimum tax for large multinational groups, effective 2027. Uruguay’s 2025–2029 Budget Bill, submitted on 31 August 2025, introduces a Pillar 2 Qualified Domestic Minimum Top-Up Tax
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Netherlands: Council of Ministers approves tax treaty between Curacao and Suriname
The treaty will be submitted to the Dutch parliament (Staten-Generaal) and the parliament of Curacao for approval. The Netherlands Council of Ministers has approved the 2024 Curacao-Suriname Income and Capital Tax Treaty on 29 August
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US: Colorado ends federal pass-through deduction link, cracks down on tax havens to balance “one big beautiful bill” effects
Colorado will implement tax reforms, including decoupling from the federal 20% pass-through deduction and expanding tax haven jurisdictions, to address corporate tax loopholes and generate nearly USD 250 million in revenue. Colorado, under
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Argentina: ARCA introduces flexible schedule for advance VAT payments
General Resolution 5750 lets VAT-registered taxpayers under the “IVA Simple” system apply advance VAT payments in the current return or within the next five months. Argentina’s tax authority (ARCA) has published General Resolution 5750 in
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US: Trump administration appeals tariff dispute to Supreme Court
The Trump administration requested the Supreme Court to expedite its review by determining whether to hear the case by September 10 and scheduling arguments for November. The Trump administration has requested that the US Supreme Court on
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Peru to implement BEPS multilateral instrument
Peru will implement the BEPS Multilateral Instrument from 1 October 2025, with application to tax treaties depending on counterparties’ ratifications. Peru’s Ministry of Foreign Affairs published a notice on 23 August 2025 in a special
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US: Trump administration seeks fast-track Supreme Court decision on tariffs
The US Appeals Court ruled that the majority of Trump-era tariffs are unlawful, but they will remain in effect until 14 October while a potential Supreme Court review is considered. US President Donald Trump announced plans to seek an expedited
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Colombia: MoF proposes major tax reforms for 2026 budget
The proposed 2026 budget legislation introduces significant reforms to corporate surtax, VAT, personal income tax, net wealth tax, and capital gains tax, with new tax rules for crypto-asset transactions. Colombia’s Ministry of Finance submitted
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Brazil: President adopts cautious stance on US tariff response
Brazil's Foreign Ministry has tasked Camex with analysing the reciprocity law to strengthen its position in tariff negotiations with the US. Brazil’s President Luiz Inácio Lula da Silva stated he is in "no rush" to retaliate against the US
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US: Appeals Court rules most Trump tariffs illegal, administration advances trade deals despite ruling
The US Appeals Court ruled that most Trump-era tariffs are illegal but allowed them to remain in place until 14 October pending a possible Supreme Court appeal. Despite the ruling, the administration continues trade talks with other
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Chile: SII issues rules on VAT exemption for low-value imports purchased via remote sellers, online platforms
The new rules exempt low-value imports (CIF value under USD 500) from VAT at import when purchased from non-resident remote sellers or DPIs registered under the simplified VAT regime, ensuring VAT is only charged at the sale stage, not at the time
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Panama: DGI updates eligibility rules for free e-invoicing platform
Resolution 201-6299 enters into force on 1 January 2026. Panama’s tax authority (DGI) published Resolution 201-6299 of 29 July 2025 in the Official Gazette No. 30350 on 25 August 2025, updating the criteria for registered taxpayers to use the
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