Americas

Cuba:Cuba Clarifies Customs Tax Exemptions for Personal Imports

On 21 October 2026, the Ministry of Finance and Prices released a detailed FAQ (Preguntas y respuestas) addressing the customs regime for non-commercial imports by natural persons. The document clarifies the continuation of fiscal benefits, specifically the exemption from Customs Duty (Impuesto Aduanero) for imports of food, hygiene products, medicines, and medical supplies by individuals.

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Cuba:Cuba Grants Tax Breaks for Disability-Inclusive Workshops

On 7 October 2026, the Official Gazette of the Republic No. 84 published Resolution 201, dated 2 September 2026, issued by the Minister of Finance and Prices. The resolution grants significant fiscal benefits to Local Industry Enterprises (Empresas de Industrias Locales) and workshops that employ persons with disabilities. Specifically, these entities are allowed to deduct

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Chile: Chile SII Targets Undeclared Foreign Accounts Worth $3.2 Trillion

On 21 October 2026, the SII disclosed that its data analytics unit identified over 15,000 Chilean tax residents holding undeclared financial accounts abroad, with an estimated aggregate value exceeding CLP 3.2 trillion (approx. USD 3.4 billion). Leveraging information received under the Common Reporting Standard (CRS) and bilateral tax treaties, the SII will issue formal requests

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United States: IRS Grants Temporary Fuel Tax Reporting Relief Under Section 4041(a)

On October 21, 2026, the Internal Revenue Service announced temporary administrative relief under IR-2026-125 from reporting and recordkeeping requirements for taxes imposed by Internal Revenue Code section 4041(a) on certain fuel uses. This relief applies to specific nontaxable uses of diesel fuel and kerosene, providing affected taxpayers—including fuel retailers, fleet operators, and agricultural users—with a

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Argentina: Argentina Tax Penalty Reform: Comparing Amnesty I and Amnesty II Benefits for SMEs

On 21 October 2026, a comparative analysis was released examining the changes to formal tax offense penalties introduced by Tax Amnesty II (Ley de Inocencia Fiscal II) relative to the original Tax Amnesty I framework. The report details the updated fine schedules for late filing, omitted registrations, and information regime violations, highlighting the special reduction

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Chile: Chile Enacts Substitute Tax for Accumulated Untaxed Earnings

On 21 October 2026, Law No. 21.678 entered into force, establishing a Unique Substitute Tax (Impuesto Único Sustitutivo – IUS) for accumulated taxable earnings pending taxation as of 31 December 2025. The regime allows companies to settle historical tax liabilities on retained earnings at a flat 15% rate, replacing the progressive First Category Tax and

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Bolivia: Bolivia Launches Online Fiscal Residence Accreditation for Companies

Effective 21 October 2026, the Bolivian National Tax Service (SIN) launched a new digital platform allowing companies to accredit their fiscal residence entirely online. This measure simplifies the process for entities seeking to benefit from double taxation treaties and domestic tax incentives by eliminating the need for physical submission of residence certificates. The online accreditation

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Venezuela: Venezuela Tax Overhaul: Digitalization and Simplification Announced

On 21 October 2026, the President of the Bolivarian Republic of Venezuela, Delcy Rodriguez, announced a series of strategic measures aimed at transforming the country’s tax system, with a core focus on digitalization and process simplification. The announcement was made during a high-level government address, signaling a significant shift in Venezuela’s fiscal policy framework. The

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Paraguay: Paraguay DNIT Suspends Two Businesses for Tax Non-Compliance

On 21 October 2026, the National Directorate of Tax Revenue (DNIT) ordered a three-day suspension of commercial activities for two establishments in Villarrica, Guairá department, due to repeated failures to issue and deliver sales receipts as required by tax law. The action was carried out by the Special Operations Coordination “Jeroviaha”, which conducts nationwide compliance

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Colombia: Colombia Tax Control: DIAN Verifies $610M Revenue at BogotáEats 2026

On 20 October 2026, the DIAN reported the results of a intensive tax control operation conducted during the “BogotáEats a Cielo Abierto 2026” gastronomic festival, held on 18–19 October. The operation, executed by the Bogotá Regional Directorate under the “Plan de Choque contra la Evasión” (Anti-Evasion Shock Plan), verified the electronic invoicing compliance and revenue

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