Qatar, Uruguay sign income tax treaty
Qatar's General Tax Authority (GTA) announced, on 7 December 2025, that Qatar and Uruguay signed an income tax treaty. The agreement was signed by HE Ali bin Ahmed Al Kuwari, Minister of Finance of the State of Qatar, and HE Mario Lopetegui,
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US: Florida updates rules on corporate income tax conformity, addbacks
The Florida Department of Revenue has released TIP 25C01-01 on 1 December 2025, providing explanation on how Florida’s updated static conformity to the federal Internal Revenue Code, now effective from 1 January 2025, affects corporate income tax,
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US: New Jersey clarifies exclusion of OBBBA deductions
New Jersey’s Division of Taxation has clarified that it will not adopt the new federal deductions introduced by the "One Big Beautiful Bill Act" (OBBBA) for Gross Income Tax (GIT) purposes. The state also clarified that the OBBBA’s changes to
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Argentina: ARCA publishes FAQs on electronic tax address notifications
Argentina’s tax and customs agency (ARCA) has released frequently asked questions on electronic tax address notifications on 9 December 2025. The Electronic Tax Address is a secure and free virtual mailbox that replaces the physical address for
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Cyprus: Tax Department clarifies bilateral agreement with US for exchange of CbC reports
The Cyprus Tax Department has issued a notice, on 25 November 2025, regarding the anticipated effective date of the agreement for the exchange of Country-by-Country (CbC) reports with the US and the related local filing requirements. The Tax
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Argentina: ARCA consults draft transfer pricing regulation
Argentina’s tax and customs agency (ARCA) has initiated a public consultation on a draft regulation to replace General Resolution No. 4717/2020 on transfer pricing and international transactions on 9 December 2025. This resolution, which
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Costa Rica: MoF announces 2026 corporate tax rates
Costa Rica's Ministry of Finance has published Executive Decree No. 45333-H on 5 December 2025, setting the corporate income tax rates for 2026. The Decree also enlists the individual income tax brackets and rates for 2026. Corporate Income Tax
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Colombia: DIAN seeks public input on draft fiscal reconciliation resolution
Colombia’s tax authority, DIAN, has launched a public consultation on a draft resolution that partially amends Resolution 000227 of 2025 on 3 December 2025 , which covers tax, customs and exchange matters. The amendment concerns the
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Brazil: RFB updates rules on credit losses, interest on equity
Brazil’s tax authority, the Federal Revenue Service (RFB) announced that it updated Normative Instruction RFB No. 1,700/2017 on 4 December 2025 to clarify the tax treatment of credit losses and interest on equity (JCP). The changes respond to
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El Salvador: MoF extends hours at express service centres to support taxpayers
El Salvador’s Ministry of Finance announced that, starting 1 December 2025, all Express Service Centres will operate with extended hours to better serve taxpayers. The new schedule is as follows: Monday to Friday: 7:30 a.m. – 5:00 p.m.
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Chile: SII implements new compliance requirements for digital platform operators, payment service providers
Chile’s tax authority (SII) has issued Resolution No. 168 on 27 November 2025, setting out clear rules for how electronic payment service providers and digital platforms that facilitate transactions between buyers and sellers must verify and
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Bolivia: SIN defers agricultural tax system deadlines to December 2025
Bolivia’s tax authority (SIN) issued Normative Board Resolution RND 102500000046 on 27 November 2025, specifically addressing the obligations of those operating under the Unified Agricultural Regime (Régimen Agropecuario Unificado, RAU), which
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Honduras: Deadline approaches for MNE group CbC reporting notification
Multinational enterprise (MNE) groups operating in Honduras must submit their Country-by-Country (CbC) reporting notification by 31 December 2025, in line with Agreement SAR-653-2023, published in the Official Gazette on 19 March 2024. Under the
See MoreBrazil: RFB, GST committee issue guidelines for CBS and IBS implementation starting January 2026
Brazil’s tax authority, the Federal Revenue Service (RFB) and the Goods and Services Tax Management Committee (CGIBS) have released guidance on the upcoming Contribution on Goods and Services (CBS) and Goods and Services Tax (IBS) on 2 December
See MoreUS: IRS issues guidance on elimination of one-month deferral for specified foreign corporations
The US Internal Revenue Service (IRS) issued Notice 2025-72 on 25 November 2025, stating that the Treasury Department and IRS plan to issue proposed regulations under section 70352 of the "One Big Beautiful Bill Act" (OBBBA), which repeals section
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Uruguay introduces temporary VAT relief for select tourism services
Uruguay issued Decree No. 220/025 on 30 October 2025, introducing a temporary exemption from value added tax (VAT) for specific tourism-related services aimed at non-resident visitors. The measure applies to payments made with foreign-issued debit
See MoreUS: Treasury, IRS provide guidance on Trump Accounts under working families tax cuts ahead of new regulations
The Department of the Treasury and the Internal Revenue Service (IRS) issued a notice on 2 December 2025, announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account (IRA)
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Guatemala revises regulations on tax credit offsets, refund procedures
Guatemala issued Decree No. 17-2025 in the Official Gazette, introducing amendments to the Tax Code, the Value Added Tax Law, and the Law on Legal Provisions for Strengthening Tax Administration. Decree 17-2025 establishes a new law intended to
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