Canada joins multilateral agreement on GloBE information exchange (GIR MCAA)
The OECD has reported that Canada signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 6 February 2025. The agreement is designed to enable the automatic exchange of GloBE Information Returns
See More
Ecuador: SRI updates income tax self-withholding rates for large taxpayers
Ecuador’s Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC26-00000003 of 27 January 2026, updating the income tax self-withholding rates that apply to companies classified as “Large Taxpayers”. The revised rates form
See More
Panama ratifies tax information exchange agreement with Ecuador
Panama has ratified its first tax information exchange agreement (TIEA) with Ecuador through Law No. 508, published in the Official Gazette on 13 February 2026. Key highlights include the formal approval of a tax information exchange agreement
See More
US, North Macedonia reach framework for reciprocal trade deal
The Trump Administration released a Joint Statement on 12 February 2026 outlining a framework for a US-North Macedonia trade agreement that establishes a 15% tariff rate on North Macedonian goods, with the possibility of zero tariffs on select
See More
US, Taiwan sign reciprocal trade agreement
The Office of the US Trade Representative (USTR) announced, on 12 February 2026, that the Trump administration finalised a reciprocal trade agreement with Taiwan. The Trump Administration also released a fact sheet on the agreement. The
See More
Argentina: ARCA introduces monthly electronic settlement to streamline VAT, income tax compliance
Argentina's tax authority (ARCA) introduced new electronic invoicing requirements and a monthly settlement system through General Resolution 5824/26 to simplify tax compliance for businesses and individuals on 13 February 2026. Financial
See More
J5 warns OTC crypto desks and processors enable tax evasion, money laundering
The Joint Chiefs of Global Tax Enforcement (J5) published two law enforcement advisories on 11 February 2026 that detail how over-the-counter (OTC) cryptocurrency trading desks and cryptocurrency payment processors may be used to obfuscate and move
See MoreCanada consults domestic content requirements for clean technology, electricity investment tax credits
Canada’s Department of Finance, in a news release on 13 February 2026 ,announced that it launched consultations on the possibility of introducing a domestic content requirement under the Clean Technology and Clean Electricity investment tax
See More
Brazil: Tax authority announces deadline for property declaration under lower rates
Brazil's Federal Revenue Service (RFB) issued an alert on 13 February 2026, reminding taxpayers of the approaching deadline to enrol in the Special Regime for Updating and Regularising Assets under the Update modality (Rearp Update). The
See MoreUS issues new tax rules to limit Chinese clean energy components
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump's tax legislation. The
See More
Colombia: Constitutional Court suspends temporary electricity levy
Colombia's Constitutional Court announced on 6 February 2026 that Legislative Decree No. 0044 of 21 January 2026, which introduced a temporary parafiscal levy of 2.5% on electricity generation companies serving domestic households and required
See More
US: IRS new clarification on energy tax credits linked to prohibited foreign assistance under federal law under OBBB
The Department of the Treasury and the Internal Revenue Service (IRS) announced on 12 February 2026 that it is providing guidance for determining whether electricity-producing qualified facilities, energy storage technologies, or eligible components
See MoreBrazil: Chamber of Deputies weighs wealth tax proposal
Brazil's Chamber of Deputies is reviewing a draft legislation as of 2 February 2026 to implement a "Tax on Large Fortunes" (IGF), a levy already authorised by the Federal Constitution but never enacted. This proposal seeks to establish a Great
See MoreUS: IRS introduces upgrades to tax pro account for professional firms
The Internal Revenue Service announced on 9 February 2026 a new expansion of Tax Pro Account, introducing business-level digital capabilities for tax professionals who work in tax-preparation companies, accounting firms, or other
See MoreUS: NYC Mayor proposes tax increases to address budget deficit
New York City Mayor Zohran Mamdani proposed raising taxes on high earners and corporations on Wednesday, 12 February 2026, during testimony at the State Senate's budget hearing. The Democratic mayor reported that the city has narrowed its budget
See More
OECD: Montenegro, Oman, Panama, Peru, Rwanda, and Uruguay sign CARF MCAA, Addendum to CRS MCAA
According to an OECD update, Montenegro, Oman, Panama, Peru, Rwanda, and Uruguay signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) and the Addendum to
See More
Honduras: SAR issues 2026 individual income tax brackets
The Honduras Revenue Administration (SAR) has issued SAR Notice 02-2026, setting out the Progressive Income Tax (ISR) brackets and rates for individuals for the 2026 fiscal year. Under the notice, annual net taxable income up to HNL 228,324.32
See More
Venezuela enacts hydrocarbons law reform with new tax, royalty regime
Venezuela issued the Reform of the Organic Hydrocarbons Law in Extraordinary Official Gazette No. 6,978, dated 31 January 2026, on 29 January 2026. Key tax reforms are summarised as follows: Integrated hydrocarbons levy A new levy on
See More