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We know tax can be complex let us make it easy for you. At IBFD, we help you stay ahead of the latest developments in international taxation. Get clear, concise, and comprehensive information on cross-border tax, empowering you to navigate the intricacies of international tax with confidence.

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Tax News

IRS Math Error Letters to Show Calculations and 60-Day Abatement Deadline Under New Law

Taxpayers will now receive math error notices that include the IRS's calculations and a clear 60-day deadline to request an abatement, under the Internal Revenue Service Math and Taxpayer Help Act ( H.R. 998), which President Donald Trump signed into law on 1 December 2025. In a 1 December 2025 news
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Tax News

United States to Remove Tariffs on UK Pharmaceuticals, Suspend Section 301 Actions under New Trade Deal

The United States will exempt UK-origin pharmaceuticals, pharmaceutical ingredients, and medical technology from section 232 tariffs and suspend future section 301 actions targeting UK pharmaceutical pricing practices for the duration of President Trump's term, under a new bilateral agreement in
2 minutes
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Brazil Increases Income Tax Exemption, Taxes Dividends, Imposes Minimum Tax on High-Income Individuals

President Luiz Inácio Lula da Silva has sanctioned Law 15,270 introducing major changes to the taxation of individual income in Brazil. Law 15,270, which resulted from Bill 1,087/2025, was sanctioned without any vetoes and reflects the version approved by the Senate (for details, see Senate Approves
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Tax News
Digital Economy, Natural Resources, Other Taxes, Tariffs

Tariff Roundup: Switzerland, Liechtenstein, Argentina, El Salvador, Ecuador, and Guatemala

Our latest Tariff Roundup looks at recent developments in Switzerland, Liechtenstein, Argentina, El Salvador, Ecuador, and Guatemala. These updates highlight changes in tariff structures alongside broader trade
9 minutes
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Mexico Adopts 2026 Economic Package Containing Various Tax Measures

Mexico has adopted the Economic Package for fiscal year 2026 which was submitted earlier this year. The final version includes additional measures beyond those proposed in the initial draft. For previous reporting, see Economic Package for 2026: Executive Branch Proposes Amendments to Tax Incentives
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Global Indirect Tax Director, Chicago, IL