US: FATCA agreement between US and Panama entered into force

The Department of the Treasury and the Internal Revenue Service (IRS) announced, on 29 June 2026, that it issued Revenue Procedure 2026-25 providing a gift tax reporting safe harbour for certain contributions to Trump accounts created under the

US Customs and Border Protection, on behalf of the US, in a release on 25 June 2026, announced that it signed a Customs Mutual Assistance Agreement with Australia in Brussels, Belgium. The CMAA is a bilateral agreement that enables both countries

New York will offer targeted tax penalty and interest relief to taxpayers impacted by its retroactive decoupling from certain federal changes introduced under the OBBBA, as outlined in Important Notice N-26-1 issued by the New York State Department

The US Internal Revenue Service (IRS) announced that the National Taxpayer Advocate Erin M. Collins has released her Fiscal Year 2027 Objectives Report to Congress on 24 June 2026, highlighting a largely successful 2026 filing season in which the

Illinois has enacted new taxes on digital activities under SB 3019, effective from 1 January 2027. The measures include a 10% tax on gross receipts from targeted advertising services provided in Illinois, applicable to providers earning more than

The US Internal Revenue Service (IRS) has confirmed that interest rates for the second quarter dropped beginning 1 April 2026. According to the Revenue Ruling 2026-5, the IRS has set out revised interest rates that will apply for the April–June