Colombia: DIAN clarifies dividend withholding for Andean Community holding companies
DIAN rules that dividends to Andean Community holding companies with comparable regimes are exempt from withholding tax, while others remain taxable. Colombia’s tax authority (DIAN) issued Ruling 8935 int 1037 on 10 July 2025, providing
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Chile clarifies indirect foreign tax credit treatment for CFCs
Ruling No. 1500-2025 confirms that the indirect foreign tax credit applies only if a treaty or information exchange agreement exists and the CFC owns at least 10% of the subsidiary. Chile’s tax administration (SII) issued Ruling No. 1500-2025
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US: IRS opens applications for 2026 Compliance Assurance Program
The 2026 Compliance Assurance Process (CAP) program application period will run from 3 September to 31 October 2025. The US Internal Revenue Service (IRS) has released IR-2025-84 on 18 August 2025, in which it announced the opening of the 2026
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Canada: DoF consults previously announced draft tax rules
The deadline for sending feedback is 12 September 2025. Canada’s Department of Finance has unveiled draft legislation for consultation on 15 August 2025, aimed at implementing various previously announced and additional tax measures. The
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Colombia invites applications for R&D&I projects with tax incentives
Colombia’s MinCiencias launches Call 970 for R&D&I projects eligible for 50% tax credits or 30% deductions, with applications open until 10 September 2025. The Colombian Ministry of Science, Technology and Innovation (MinCiencias)
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US: Tax rule revisions ease concerns for clean energy investors, IRS clarifies tax credit phaseout
The Trump administration’s revised subsidy rules, effective 2 September, narrowed the “under construction” definition for solar and wind projects to qualify for a 30% federal tax credit, requiring substantial physical work while maintaining a
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Ecuador, Panama sign TIEA
The agreement takes effect upon the exchange of ratification instruments. Ecuador’s Internal Revenue Service (SRI) announced the signing of a tax information exchange agreement (TIEA) with Panama on 14 August 2025. This is the first
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Brazil unveils Sovereign Plan to shield exports from US tariffs
Brazil’s Sovereign Brazil Plan introduces measures including BRL 30 billion in affordable credit, extended export compliance deadlines, and increased REINTEGRA refund rates to protect exporters, preserve jobs, attract investment, and support
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Chile: SII updates rules for digital platforms to confirm users’ tax registration
The new rules mandates digital payment and intermediation platforms to verify users' compliance with business activity obligations through the SII platform’s “situación tributaria” option, API tax ID queries, or other SII-provided digital
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Brazil launches export support programme, extends incentives for small enterprises
Brazil has extended the REINTEGRA tax credit programme to micro and small exporters, allowing them to recover 0.1%–3% of export revenue in indirect taxes, with a 3% credit rate set for 2025–2026 and a review planned for 2027. Brazil’s
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Colombia: Bogota Mayor’s Office proposes major tax reform for 2025
The tax reforms are aimed at modernising the system, boosting investment, and creating jobs. Bogota’s Mayor’s Office, Colombia, submitted Project of Agreement 767 of 2025 to the District Council, proposing a major tax reform designed to
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Venezuela prolongs state of economic emergency amid US tariff concerns
The state of emergency is set to remain in effect for 60 days, with the option to extend it for an additional 60 days. Venezuela published Executive Decree No. 5.157 in the Official Gazette on 8 August 2025, declaring a state of national
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Argentina eases advance VAT collection rules for select sectors
General Resolution 5738 exempts certain economic activities from advance VAT collection on transactions under ARS 10 million, effective 1 August. Argentina has issued General Resolution 5738/2025 amending General Resolution 2126 on 29 July
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US imposes 15% tariff on goods from Trinidad and Tobago
The US has imposed a 15% tariff on Trinidad and Tobago’s key exports like ammonia and methanol, but exempts tariffs on crude oil and natural gas. The US has implemented a 15% reciprocal tariff on imports from Trinidad and Tobago on 7 August
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US suspends de minimis duty exemption on low-value imports
The Trump administration has ended the duty-free treatment for imports valued at USD 800 or less, effective 29 August 2025. US President Trump signed an executive order on 30 July 2025, suspending the duty-free de minimis treatment for
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Venezuela updates VAT exemptions, designations of withholding agents
Venezuela’s Decree No. 5.145 suspends VAT exemptions on essential goods like food, medicines, and books, effective 30 June 2025, while Administrative Ruling SNAT/2025/000054 designates special taxpayers as VAT withholding agents from 16 July
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US: IRS issues guidance on safeguarding taxpayer identity with multi-factor authentication, IP PINs, and online accounts
The IRS and Security Summit urge taxpayers and tax professionals to use identity protection PINs, secure online accounts, and multi-factor authentication to safeguard against tax-related identity theft. The US Internal Revenue Service (IRS) has
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Mexico increases tariffs on goods via simplified customs scheme
The ad valorem tariff for goods imported by courier under the simplified regime has increased to 33.5%, while USMCA goods over USD 117 face a 19% tariff, effective 15 August 2025. Mexico’s tax authority (SAT) has updated tariffs for imported
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