On 13 October 2026, the RFB issued a final reminder that the option period for the Simples Nacional regime for the 2027 calendar year closes on 15 October 2026. Companies must ensure all fiscal, cadastral, and labor regularity requirements are met before the deadline. Failure to formalize the option will result in automatic exclusion from
Brazil：Brazil Simples Nacional Option Deadline Ends 15 October Read More »
On 13 October 2026, the RFB launched Operation Zero Km, targeting improper PIS/Cofins credit claims by vehicle dealerships. The operation identified over R$ 745 million in undue credits, arising from incorrect classification of transactions and misuse of presumptive credit rules. The scheme involved inflating input credits on vehicle acquisitions and improperly offsetting federal tax liabilities.
Brazil：Brazil Cracks Down on R$745M Improper PIS/Cofins Credits in Auto Sector Read More »
On 13 October 2026, DIAN issued Press Release No. 131 confirming that Fundación Colombia Luz y Sonrisas has been duly registered in the Special Tax Regime (Régimen Tributario Especial) under Colombian law. This regime grants qualifying non-profit entities exemptions from income tax and certain VAT obligations, provided they meet strict transparency and social purpose requirements.
Colombia: Colombia Confirms Foundation Registration in Special Tax Regime Read More »
During the 2026 Income Tax Operation (Operación Renta), the SII reported a 13% reduction in observed tax returns compared to 2025, attributing the improvement to the deployment of enhanced digital calculators, interactive assistants, real-time validation rules, and pre-filled Form 22 proposals. The initiative, developed in coordination with the Chilean Institute of Public Accountants, leveraged machine-learning
Chile: Chile SII Cuts Observed Tax Returns 13% via Digital Tools Read More »
Starting 13 October 2026, the DGI initiated a targeted early intervention campaign directed at VAT-registered entities that commenced operations on or after 1 January 2025 and exhibit inconsistencies between sworn declarations (declaraciones juradas) and actual VAT payments remitted. The administration identified anomalies through cross-referencing electronic invoicing records (CFE) with monthly Form 2100 filings. Affected taxpayers
Uruguay: Uruguay VAT Early Intervention Targets New Business Compliance Read More »
On 13 October 2026, the Ministry of Finance and the Department of Economic Affairs announced an adjustment to the maximum retail prices of petroleum products effective 14 October 2026. The revision reflects changes in international crude oil prices and a scheduled increase in the Excise Duty on Mineral Oils, as stipulated in the 2026 Budget
Aruba: Aruba Adjusts Fuel Prices with Excise Duty Increase Read More »
On 13 October 2026, the Chilean Internal Revenue Service (SII) published Circular No. 40 establishing the daily value of the Unidad de Fomento (UF) for the period from 10 October 2026 to 9 November 2026, inclusive. The UF is a inflation-indexed unit of account widely used in Chile for mortgage loans, long-term contracts, lease agreements,
Chile: Chile SII Sets UF Value for Oct-Nov 2026 Credit Operations Read More »
On 13 October 2026, the Province of Córdoba enacted Law No. 11,144, establishing a special simplification regime for civil associations and foundations with reduced economic scale domiciled in the province. The legislation aims to reduce administrative and accounting burdens for small nonprofit entities, aligning with Article 320 of the National Civil and Commercial Code. The
Argentina: Argentina: Córdoba Simplifies Tax Compliance for Small Nonprofits Read More »
On 13 October 2026, the Chilean Internal Revenue Service (SII) issued Circular No. 39 containing the official Single Second Category Tax (Impuesto Único de Segunda Categoría) withholding tables for the month of November 2026, along with supplementary information relevant to this tax. The Second Category Tax is a progressive withholding tax applied to salaries, wages,
Chile: Chile SII Issues November 2026 Second Category Tax Tables Read More »
On 12 October 2026, Peru’s National Superintendence of Customs and Tax Administration (SUNAT) announced the successful execution of tax control operations during the concerts of the South Korean band BTS held in Lima. The operations targeted the sale of food, beverages, and merchandising at the venues, resulting in the formalization of over S/ 5.8 million
Peru: SUNAT Tax Control at BTS Concerts Yields S/5.8M Sales Revenue Read More »
