US: IRS publishes 2026 housing cost limits for tax exclusion and deductions
The US IRS has released Notice 2026-25, setting out updated limits on housing expenses for 2026 under Section 911 of the Internal Revenue Code. This notice provides adjustments to the limitation on housing expenses for purposes of section 911 of
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US: IRS provides last-minute filing tips, resources to help taxpayers who still need to file
The US Internal Revenue Service (IRS) issued a release on 9 April 2026, in which it reminded last-minute tax filers of the 15 April deadline. The IRS encourages those who still need to file to use free tools and resources on IRS.gov to file on
See MoreUS: Trump threatens 50% tariffs on countries supplying weapons to Iran
US President Donald Trump announced on 8 April 2026, that the US will impose a 50% tariff on all goods imported from any country that supplies military weapons to Iran, despite losing his broadest tariff power earlier this year when the Supreme
See MoreUS: IRS expands business tax account access to partnerships, government, tax-exempt entities
The US Internal Revenue Service announced a major expansion of its Business Tax Account on 6 April 2026, making the online self-service platform available to partnerships, federal, state, and local governments, Indian tribal governments, and
See MoreUS releases guidance to States for nominating census tracts as qualified opportunity zones
The Department of the Treasury and the Internal Revenue Service issued guidance on 6 April 2026 to the Chief Executive Officers of any State, the District of Columbia, and US territories regarding the procedure for nominating population census
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US: IRS urges individual taxpayers timely filing, payment, extension requests before April deadline
With the 15 April tax deadline fast approaching, the Internal Revenue Service (IRS) reminded taxpayers on 3 April 2026 that there is still time to file their federal income tax return electronically and request direct deposit for any refund due.
See MoreUS: Trump Administration reportedly considering simplification of steel, aluminium tariff system
The Trump Administration is reportedly preparing to overhaul its tariff structure for steel and aluminium products, aiming to ease the compliance burden on importers while maintaining protections for domestic manufacturers. Under the planned
See MoreUS: Trump Administration unveils FY2027 budget, proposes reduction in non-defence funding
The Trump administration unveiled its fiscal year 2027 budget proposal on 3 April 2026, featuring significant reductions to the Internal Revenue Service (IRS) alongside increased defence spending and border security priorities. The budget, set to
See MoreUS: IRS published guidance on faster refund processing, CP53E notice actions for 2026 filing season
The US Internal Revenue Service (IRS) in a release on 2 April 2026 noted that it continues to deliver excellent service to taxpayers during the 2026 filing season with the rise in tax refunds, the smooth pace at which taxpayers are getting their
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EU: Parliament approves tariff framework for USÂ trade agreement, ensures American compliance
The European Parliament announced on 26 March 2026 that its members endorsed their position on two proposals covering tariff arrangements under the EU-US Turnberry trade deal. The agreement, reached in summer 2025, aims to remove most tariffs on
See MoreUS: IRS reports decline in advance pricing agreement executions amid staffing challenges
The US Internal Revenue Service (IRS)Â released Announcement 2026-08 on 30 March 2026, revealing a decline in advance pricing agreements executed during 2025. The annual report from the Advance Pricing and Mutual Agreement (APMA) Program shows
See MoreUS: Utah announces 2026 corporate income tax rates
The Governor of Utah signed multiple bills on 23 March 2026, including Senate Bill (S.B.) 60, which revises the state’s corporate income tax rates. According to the Senate Bill (S.B.) 60, the corporate income tax rate will decrease from 4.54%
See MoreUS: IRS issues guidance on elections for business interest limitation relief, bonus depreciation exemption
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-17, which provides guidance on withdrawing elections for excepted trades or businesses under §163(j)(7) and making late elections to opt out of bonus depreciation under
See MoreUS: IRS introduces free options, resources for preparing and filing taxes in 2026
The US Internal Revenue Service (IRS) issued a notice on 20 March 2026 reminding taxpayers who still need to file their 2025 federal tax returns that free options and resources are available on IRS.gov. Whether taxpayers prefer to prepare their own
See MoreUS consults 2026–2027 priority guidance plan
The US Internal Revenue Service (IRS) and Department of the Treasury released Notice 2026-23 on 23 March 2026, inviting public recommendations for items to be included in the 2026–2027 Priority Guidance Plan. The Priority Guidance Plan is used
See MoreUS: IRS to host webinar on One, Big, Beautiful Bill business tax provisions
The US Internal Revenue Service (IRS) has scheduled a webinar for 24 March 2026 at 2 PM Eastern time to explain business tax provisions introduced under the One, Big, Beautiful Bill. Tax professionals can earn two continuing education credits for
See MoreUS: IRS sets final deadline to claim unclaimed 2022 tax refunds
The US Internal Revenue Service (IRS) announced on 20 March 2026 that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an 15 April deadline to submit their tax returns. The IRS estimates that
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Croatia: Government authorises renegotiations to amend tax treaty with US
Croatia’s government has initiated proceedings, on 18 March 2026, to sign an amending protocol with the US government that will modify the existing convention on avoiding double taxation and preventing tax evasion regarding income taxes. The
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