Americas

Colombia: Colombia Approves $634.9 Trillion 2027 National Budget

On 20 October 2026, the Congress of the Republic approved the General Budget of the Nation (PGN) for fiscal year 2027, totaling COP 634.9 trillion. The budget was passed after the House of Representatives plenary endorsed the bill previously approved by the Senate. According to the Ministry of Finance, the budget prioritizes social investment, infrastructure,

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Colombia: DIAN Proposes Changes to Exogenous Reporting 2026-2028

On 22 October 2026, DIAN published a draft resolution proposing amendments to Title 3 of Resolution 000227 of 23 September 2025, which governs exogenous tax information reporting. The proposal introduces new reporting obligations, expands the data required from certain informants, and modifies technical specifications for data submission. The changes cover taxable years 2026 through 2028

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Cuba:Cuba Issues Local Development Tax & Financial Procedure

On 21 October 2026, the Official Gazette of the Republic No. 87 published Resolution 202, dated 9 September 2026, issued by the Minister of Finance and Prices. This resolution establishes the Procedure for Budgetary Financing of Territorial Development and the tax, financial, price, and accounting treatment applicable to local development projects. The measure forms a

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Cuba:Cuba Social Protection Budget Fund Update Announced

On 21 October 2026, the Ministry of Finance and Prices published an article addressing the Social Protection Budget Fund (Fondo Presupuestario de Protección Social) within the context of the country’s ongoing economic transformations. The publication, linked to Gaceta Oficial No. 87, emphasizes that the transformations are not aimed at restoring capitalism but at defending and

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United States: IRS Warns on Identity Theft Risks, Promotes IP PIN Protection

On October 22, 2026, the Internal Revenue Service released IR-2026-127, reminding taxpayers of the persistent threat of tax-related identity theft and outlining critical protective measures. The IRS emphasized the importance of securing IRS online account credentials and strongly recommended obtaining an Identity Protection Personal Identification Number (IP PIN) to prevent fraudulent tax return filings. This

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United States: Treasury, IRS Modernize Retirement Plan Error Correction Programs

On October 22, 2026, the U.S. Department of the Treasury and the Internal Revenue Service issued two revenue procedures under IR-2026-126 that significantly update the Employee Plans Compliance Resolution System (EPCRS) for employer-sponsored retirement plans and establish a new, dedicated correction program for Individual Retirement Accounts (IRAs). These changes, effective for plan years beginning after

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Argentina: Argentina SIRCIP Multilateral Tax System Sets December Jurisdictions and Deadlines

On 22 October 2026, the Arbitration Commission of the Multilateral Agreement (Comisión Arbitral del Convenio Multilateral) confirmed the operational launch of the SIRCIP (Sistema de Recaudación e Información de Contribuyentes del Convenio Multilateral) system for December 2026. The resolution establishes the list of participating jurisdictions, the specific due dates for sworn declarations by jurisdiction code,

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Saint Pierre and Miquelon: France Tax Administration: Service Disruption Due to PHP Vulnerability

On 22 October 2026, the Directorate of Fiscal Services of Saint-Pierre and Miquelon (Direction des Services Fiscaux) issued an urgent notice informing taxpayers and professionals of a temporary reduction in service capacity caused by a critical vulnerability in the PHP scripting language. PHP, which powers an estimated 70% of web applications worldwide, serves as the

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United States: IRS Highlights IRA Tax Benefits for Retirement Savings Planning

On 22 October 2026, the Internal Revenue Service (IRS) released Tax Tip 2026-76 emphasizing Individual Retirement Accounts (IRAs) as a critical vehicle for retirement savings. The guidance outlines how traditional and Roth IRAs allow earnings to grow tax-deferred or tax-free, respectively, providing significant long-term tax advantages. The IRS reminds taxpayers that contribution limits for 2026

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Bolivia: Bolivia SIN Releases Final Technical Annex for E-Invoicing Updates

On 22 October 2026, Bolivia’s National Tax Service (SIN) published the final Technical Annex for the Electronic Invoicing System (SIAT), incorporating feedback from taxpayers during the consultation period. This annex provides the definitive technical specifications required for taxpayers to update their invoicing software and ensure compliance with the country’s mandatory e-invoicing regime. The release marks

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