Colombia: DIAN updates CRS reporting rules to include crypto, digital assets
The Colombian Tax and Customs Authority (DIAN) has revised its reporting framework for the automatic exchange of financial information under the OECD’s Common Reporting Standard (CRS) to include cryptocurrencies and digital currencies, published
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Brazil: RFB opens registration for special asset update regime, corporate asset revaluation subject to 4.8% tax
The Federal Revenue Service (RFB), has opened the Declaration of Option for the Special Asset Update Regime (Deap), allowing individuals and legal entities to update asset values acquired with legally sourced funds up to 31 December 2024, with
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Colombia enacts several tax reforms amid economic emergency
Colombia’s government issued Legislative Decree No. 1474 on 29 December 2025, introducing several temporary tax measures to fund the national budget in response to the state of emergency declared earlier under Decree No. 1390 of 22 December
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Uruguay implements domestic minimum top-up tax exemption for qualifying fiscal stability entities
Uruguay Uruguay’s Ministry of Economy and Finance issued Decree No. 325/025 on 29 December 2025, detailing how fiscal stability clauses that existed before the introduction of the Pillar 2 Qualified Domestic Minimum Top-Up Tax (QDMTT), or Impuesto
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Ecuador: SRI maintains existing VAT for 2026
Ecuador’s Internal Revenue Service (SRI) has confirmed that the standard VAT rate of 15% will remain in effect for 2026. Circular NAC-DGECCGC25-00000006, issued on 26 December 2025, specifies that the 15% rate, established under Executive
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Colombia: DIAN introduces crypto-asset reporting rules
Colombia’s tax authority (DIAN) issued Resolution No. 000240 on 24 December 2025, establishing a formal framework for reporting crypto-asset transactions. Under the resolution, digital asset service providers must collect and report specific
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US: IRS releases individual tax return filing preparation guidance for 2026 tax year
The US Internal Revenue Service (IRS) has released guidance to help individuals prepare for filing their 2026 tax returns on 6 January 2026. With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take
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Bolivia: SIN extends unified agricultural tax system compliance deadline to January 2026
Bolivia’s tax authority (SIN) issued Normative Board Resolution RND 102500000053 on 30 December 2025, extending certain obligations for the 2024 tax year under the Unified Agricultural Regime (Régimen Agropecuario Unificado, RAU). The
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Chile: SII publishes 2026 luxury tax list
Chile’s Internal Revenue Service (SII) has issued Resolution No. 194, detailing the assets and market values for the 2026 luxury tax. The 2% annual tax applies to high-value items owned by individuals or companies in Chile. Asset Type Tax
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Ecuador: SRI announces individual income tax rates for 2026
Ecuador’s Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000043 on 29 December 2025, establishing the official individual income tax brackets for 2026. The rates are structured as follows: Taxable Income (USD) Tax
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Peru: SUNAT sets deadlines for 2025 income tax and ITF returns
Peru’s National Superintendency of Customs and Tax Administration (SUNAT) has issued Superintendency Resolution No. 000386-2025/SUNAT, establishing the filing and payment schedule for annual Income Tax and Financial Transactions Tax (ITF) returns
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Chile: SII announces daily interest on overdue taxes for January – June 2026
Chile’s Internal Revenue Service (SII) issued Resolution No. 205 on 30 December 2025, setting the daily interest rate for late tax payments for the first half of 2026 (January - June 2026). Under Law No. 21.713, the late payment penalty changed
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Chile: SII revises lists of large taxpayers
Chile’s tax authority (SII) published Resolution Ex. SII No. 208-2025 of 30 December 2025 on its website and entered into effect on 1 January 2026. The Resolution updates the large taxpayer list, including taxpayers no longer classified as such
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US: Trump Administration postpones tariff hike on furniture, kitchen cabinets
The Trump Administration has postponed the planned 2026 tariff hikes on upholstered furniture and kitchen cabinets to 1 January 2027, according to a proclamation issued on 31 December 2025. This follows the Trump Administration’s earlier
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Chile: SII launches simplified registry for subsistence taxpayers
Chile’s tax authority (SII) has issued Resolution Ex. SII No. 193-2025 of 22 December 2025, which introduces the “Registry of Small Taxpayers Developing Subsistence Activities.” This initiative aimed to simplify tax obligations for
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Argentina: Congress approves 2026 budget, introduces no new taxes
Argentina’s Congress approved the 2026 budget bill on 26 December 2025, marking the first budget passed since President Javier Milei took office in late 2023. The measure, which passed with 46 votes in favour, 25 against, and one abstention,
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Argentina implements the BEPS MLI
The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) entered into force for Argentina on 1 January 2026. Argentina signed the convention on 7 June 2017 and deposited its final MLI Position on 29 September
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US: IRS updates guidance on business interest deduction limits
The US Internal Revenue Service (IRS) updated the frequently asked questions in Fact Sheet 2025-09 on 23 December 2025, regarding changes to the limitation on the deduction for business interest expense (Section 163(j)) under the One, Big, Beautiful
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