Americas

Chile: Chile SII Updates Large Taxpayer Registry for 2026 Compliance Monitoring

On 20 August 2026, Exempt Resolution No. 105 complemented and modified the list of Large Taxpayers (Grandes Contribuyentes) originally established by Exempt Resolution No. 208 of 30 December 2025. The update adds new entities meeting the revenue and complexity thresholds and removes those that no longer qualify. Large Taxpayers are subject to enhanced audit scrutiny,

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Jamaica: Jamaica Customs Clarifies Multiple Tax Levies on Single Petroleum Barrel: Import Duty, Consumption Tax, and Environmental Surcharge

In a significant regulatory clarification issued on 15 July 2026, the Jamaica Customs Administration elucidated the layered tax structure applicable to a single petroleum barrel imported into Jamaica, encompassing import customs duty, General Consumption Tax (GCT), and a newly refined environmental surcharge mechanism. The guidance arises from recurring stakeholder queries regarding the sequencing and cumulation

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Jamaica: Jamaica Customs Court Ruling Validates Modernisation Framework, Enhancing VAT Transparency and Cross-Border Trade Duty Efficiency

On 22 June 2026, the Kingston Commercial Court delivered a landmark judgment affirming the legality of the Jamaica Customs Administration’s modernisation framework, specifically upholding the constitutional validity of revised VAT assessment protocols and cross-border trade duty optimisation measures. The ruling emerged from a consolidated challenge by a consortium of importers and logistics operators who contested

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Bolivia: Bolivian Tax Relief Law Revives Hope and Economic Reactivation Nationwide

On 20 August 2026, the Bolivian government officially declared the full operational launch of the Alivio Tributario (Tax Relief) Law, a landmark fiscal measure aimed at delivering widespread economic reactivation and financial respite to the nation’s taxpayers confronting persistent inflationary pressures, stagnant real income growth, and the protracted fiscal aftershocks of the COVID-19 pandemic. The

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Bolivia: SIN Launches Free Tax Assistance at 14 Universities and Technical Institutes

On 20 August 2026, the Servicio de Impuestos Nacionales announced the deployment of free tax assistance platforms across 14 public universities and technical institutes nationwide, a strategic initiative designed to expand taxpayer education, improve voluntary compliance rates, and reduce the administrative burden on both the tax authority and the citizenry. The program, branded under the

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United States: IRS Launches Digitally Authenticated Tax Compliance Report via Online Account

On August 20, 2026, the IRS unveiled a digitally authenticated Tax Compliance Report accessible through the IRS Individual Online Account, per News Release IR-2026-97. This innovation leverages cryptographic verification and the IRS’s Digital Identity framework to provide taxpayers and authorized third parties—such as mortgage lenders, financial aid offices, and immigration attorneys—with a tamper-proof, real-time summary

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Paraguay: Paraguay Treasury Disburses 24.966 Million Guaraní to Public Creditors Today

On 20 August 2026, the Direction General of the Public Treasury (DGTP) of the Ministry of Economy and Finance of Paraguay commenced scheduled disbursements amounting to 24.966 million Guaraní to State creditors and service providers, drawing from three distinct budgetary sources designated as Budgetary Source 10 (Tax Resources), Budgetary Source 20 (Public Credit Resources), and

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United States: Treasury Issues Proposed Rules on Eligible Investments for Trump Accounts

The Department of the Treasury and IRS released proposed regulations on August 20, 2026 (IR-2026-96) defining eligible investments for “Trump Accounts,” a new traditional IRA variant established under the Working Families Tax Cuts (WFTC) legislation. These accounts, created by WFTC Section 102, allow eligible individuals to contribute up to $5,000 annually (indexed) with tax-deferred growth

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Uruguay: Uruguay Tax Administration Clarifies VAT and Income Tax Payment Registration Requirements

As of late August 2026, the Uruguay Tax Administration has formally responded to a public information request filed under Law No. 18.381, addressing the registration status and procedural requirements of tax payment applications submitted by taxpayers operating under the country’s current fiscal framework. The inquiry, initiated by a concerned taxpayer, sought detailed clarification from the

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Honduras: SAR Joins Government Meeting with S&P on Fiscal Outlook

On 20 August 2026, SAR representatives joined a high-level government delegation meeting with Standard & Poor’s (S&P) to present Honduras’ fiscal performance and tax revenue trajectory. The discussion centered on the impact of recent tax administration reforms, including digital invoicing adoption and enhanced audit capabilities, on the country’s revenue mobilization. S&P’s assessment will influence Honduras’

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