Americas

Costa Rica Tax Intelligence – Fuel Tax Hike and Marchamo Vehicle Valuation Loophole

Executive Summary Costa Rica implements an automatic fuel specific tax indexation hike effective November 4, 2026, while a Marchamo vehicle valuation loophole allows luxury cars to pay less than mass-market models ahead of the 2027 payment window. Secondary Regulatory & Regional Updates Fuel Price and Specific Tax Increase: Effective November 4, 2026, super gasoline rises

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colombia weekly tax

Colombia Tax Intelligence – Economic Rescue Bill, DIAN Emergency Donation Draft, and Exogenous Information Court Ruling

Executive Summary Colombian tax authorities advanced several enforcement and compliance initiatives in late October and early November 2026. DIAN issued draft emergency procedures for donating seized goods, clarified e-invoice validation and correction protocols, and launched a broad tax regularization campaign targeting nearly 200,000 delinquent taxpayers. Meanwhile, the Administrative Tribunal of Antioquia fixed the statute of

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uruguay

Uruguay Tax Intelligence – Pillar Two IMCD Compensation Rules and Mercosur-EFTA FTA Activation

Executive Summary Uruguay’s tax authority advanced several landmark initiatives in late 2026, including the operationalization of Pillar Two Domestic Minimum Complementary Tax compensation procedures, approval of a comprehensive 2026-2027 risk-based compliance plan, and activation of the Mercosur-EFTA Free Trade Agreement with Norway and Iceland. Additional updates span individual taxation regimes, VAT administration, customs digitalization, and

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panama

Panama Tax Intelligence – Digital Fiscal Lottery Approved to Incentivize E-Invoicing Compliance

Executive Summary Panama’s Ministry of Economy and Finance has approved a Digital Fiscal Lottery system linking authorized electronic invoices to monthly prize draws. The initiative, administered by the Gaming Control Board, automatically enrolls VAT-registered taxpayers issuing e-invoices under Law 256 of 2021, with the first draw scheduled for December 2026. Secondary Regulatory & Regional Updates

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El Salvador Tax Intelligence – National Tax Amnesty Waives Penalties Through December 2026

Executive Summary El Salvador has activated a national Tax Amnesty regime running from October 29, 2026 through December 11, 2026, allowing taxpayers to regularize outstanding obligations without penalties, interest, or surcharges. Important Updates El Salvador Tax Amnesty Regime Effective Through December 11, 2026 On October 29, 2026, the Ministry of Finance (Ministerio de Hacienda) announced

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united states

United States Tax Intelligence – Working Families Tax Cuts, PTC Reforms, and 2027 Inflation Adjustments

Executive Summary This week’s U.S. tax intelligence centers on the operational rollout of the Working Families Tax Cuts, including record IRS revenue collection and refund delivery, proposed Premium Tax Credit regulations, and Tax Year 2027 inflation adjustments. Final Opportunity Zone designations cover over 6,500 communities nationwide. Additional operational updates address retirement plan correction programs, fuel

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british virgin islands

British Virgin Islands Tax Intelligence – Mandatory CRS XML Schema 3.0 Adoption and Revenue Update

Executive Summary The British Virgin Islands International Tax Authority has mandated adoption of CRS XML Schema 3.0 for all Reporting Financial Institutions effective 1 January 2027, requiring system upgrades and validation against the BVIFARS portal. Separately, the Premier and Minister of Finance delivered a legislative statement on 27 October 2026 updating the House of Assembly

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chile

Chile Tax Intelligence – Law 21.850 Reconstruction Measures, RAPT Substitute Tax, and E-Invoicing Modernization

Executive Summary Chile’s tax agenda in early November 2026 is dominated by Law No. 21.850 ‘s’reconstruction measures and implementing circulars, the new Single Substitute Tax on accumulated untaxed income under Law No. 21.780, and an expanded cooperative compliance program featuring Advance Pricing Agreements. Parallel modernization of electronic tax documents and targeted enforcement campaigns on trusts

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brazil

Brazil Tax Intelligence – IBS/CBS Reform Adoption, Pharma and Vehicle Credit Crackdowns, and Extended Debt Regularization

Executive Summary Brazil’s tax agenda this week is dominated by the advancing consumption tax reform, with over one million taxpayers opting into the regular IBS and CBS regime ahead of the October 30 deadline. The Federal Revenue also intensified enforcement through Operation Zero Km in the vehicle sector and Operation Pharmaceuticals II, while expanding cooperative

Brazil Tax Intelligence – IBS/CBS Reform Adoption, Pharma and Vehicle Credit Crackdowns, and Extended Debt Regularization Read More »

bolivia

Bolivia Tax Intelligence – Agricultural Deadline Extension, E-Invoicing Overhaul, and Digital Audit Modernization

Executive Summary Bolivia’s tax authority issued multiple operational updates, including a November 30 agricultural tax deadline extension, mandatory product homologation by December 31, and new electronic invoicing technical standards effective January 1, 2027. Additional changes cover corporate income tax filings, online tax residence certificates, debt forgiveness inquiries, and modernized risk-based audit procedures. Secondary Regulatory &

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