US: Trade Court rules Trump’s temporary tariffs illegal
A US trade court has ruled against President Donald Trump's 10% temporary global tariffs, declaring them unlawful under a 1970s trade statute. However, the decision only blocks the duties for three specific parties, leaving them in effect for most
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Wall Street’s arrival at Bitcoin 2026: Bitcoin’s entrance into corporate treasury
If 2024 was the year Bitcoin discovered politics when then-candidate President Donald Trump gave the keynote address, 2026 was the year Wall Street declared total victory. Walking through The Venetian, the 40,000-strong crowd felt less like a
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US: House advances bipartisan tax administration and relief bills
The US House of Representatives has approved a bipartisan package of tax administration, disaster relief, and workforce-related bills aimed at modernising IRS operations, expanding taxpayer protections, strengthening the IRS whistleblower program,
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Dominican Republic: DGII extends e-invoicing deadline for small, micro and unclassified taxpayers
Dominican Republic’s General Directorate of Internal Taxes (DGII), under the Ministry of Finance and Economy (RNC: 401-50625-4), has announced an exceptional and general administrative extension to the deadline for the implementation of electronic
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US: IRS launches significant issue ruling program for select transactions
The US Internal Revenue Service (IRS) has issued Revenue Procedure 2026-21, introducing a significant issue ruling program that allows taxpayers to request rulings on specific major legal issues under the jurisdiction of the Associate Chief Counsel
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Colombia: Constitutional Court suspends wealth tax instalment, land measures
Colombia’s Constitutional Court issued a press release dated 29 April 2026 concerning rulings including Order A-533/26 and Order A-534/26, which provisionally suspended parts of emergency measures adopted under Decree 173 of 2026 and Decree 174 of
See MoreUS: IRS recognises the importance of small businesses, provides helpful resources
The US Internal Revenue Service (IRS) announced on 5 May 2026 a series of resources and events to support small businesses during National Small Business Week, which runs through 9 May. For over 60 years, the U.S. Small Business Administration
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Canada: CRA announces one-time groceries and essentials top-up payment for June 5
The Canada Revenue Agency (CRA) announced on 17 April 2026 that eligible Canadians will receive a one-time GST/HST credit top-up on 5 June 2026. The payment is part of the transition to the Canada Groceries and Essentials Benefit, which will replace
See MoreUS confirms 25% tariff on EU car imports as trade tensions escalate
The US is proceeding with plans to increase tariffs on European Union automobile imports to 25%, US Trade Representative Jamieson Greer confirmed during an interview with CNBC Monday, 4 May 2026. Greer said he had discussions with EU and German
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Brazil expands tax credit usage in administrative debt settlements
Brazil's Federal Revenue Service (RFB) has introduced new flexibility for taxpayers seeking to settle tax debts through administrative transactions, according to RFB Ordinance No. 676 published on 27 April 2026. The ordinance modifies Article 20
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Canada tables bill introducing budget measures, includes amendments to Global Minimum Tax Act
Canada's Department of Finance has tabled the Notice of Ways and Means Motion to introduce a bill entitled A second Act to implement certain provisions of the budget in Parliament on 4 November 2025. The bill introduces a range of measures,
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Costa Rica: Tax authority issues new guidelines on international financial reporting standards
Costa Rica's General Directorate of Taxation (DGT) published Resolution MH-DGT-RES-0015-2026 of 8 April 2026 in the Official Gazette on 29 April 2026, establishing updated interpretive criteria for applying International Financial Reporting
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Argentina delays fuel tax increases until June 2026
The Executive branch of the Argentine government issued Decree 302/2026 on 29 April 2026, which modifies previous regulations to adjust the timeline and amounts for fuel and carbon tax increases in Argentina. This decree specifically targets the
See MoreUS: Trump tariff refunds to begin mid-May following Supreme Court ruling
American businesses and importers will begin receiving refunds from tariffs declared unconstitutional by the Supreme Court as early as 12 May 2026, according to US Customs and Border Protection (CBP). The federal agency announced on Monday, 4 May
See MoreUS: House passes FY 2026 budget resolution
The US House of Representatives, on 29 April 2026, approved the fiscal year 2026 budget resolution (S. Con. Res. 33) by a narrow vote of 215-211, launching the reconciliation process that allows Republicans to advance legislation with simple
See MoreUS: Treasury, IRS provide guidance on a new method for recovering federal excise tax paid on dyed fuel established under the One, Big, Beautiful Bill
The Department of the Treasury and the Internal Revenue Service on 30 April 2026 issued temporary regulations and the accompanying notice of proposed rulemaking on a new method for recovering federal excise tax paid on dyed fuel established under
See MoreUS: Trump Administration to raise EU auto tariffs to 25% amid trade deal dispute
US President Donald Trump announced on Friday, 1 May 2026, that he will increase tariffs on European Union automobiles and trucks to 25% next week, up from the previously agreed 15%, citing the bloc's failure to comply with their bilateral trade
See MoreBrazil rules US LLCs owned by Brazilian residents are privileged tax regimes
Brazil’s tax authority, the Federal Revenue Service (RFB) has determined that US Limited Liability Companies owned by Brazilian tax residents qualify as privileged tax regimes, triggering automatic annual taxation requirements. The decision came
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