Specialized Taxes

Brazil is raising Brazil Excise Taxes on crude oil exports to fund diesel subsidies and support biofuel incentives amid a global energy price rally.

As major tax credits expire in the US and China, the resulting changes in Global Green & Environmental Taxes have triggered a significant slump in global EV sales.

In response to the Iran war’s energy disruptions, South Korea is deploying a multi-billion dollar extra budget to lower South Korea Excise Taxes on fuel.

The UK is stepping up its fight against tax fraud with a $4.6 million investment in forensic technology to monitor and trace UK Cryptocurrency assets.

In a move to protect the charitable sector, the US Treasury has dismantled a Global Tax Fraud network using sham non-profits to fund international terrorism.

The IRS has identified AI-enabled impersonation and capital gains abuse as leading threats in its 2026 Dirty Dozen list of US Tax Fraud schemes.

The Indian Income Tax Department has issued an INR 1,500 crore demand to Meesho, signaling a period of intense scrutiny for India Digital & E-commerce Tax compliance.

With the IRS treating digital assets as property, US Cryptocurrency holders must prepare for stricter 1099-DA reporting while leveraging opportunities like tax-loss harvesting.

A significant new tax bill in Sri Lanka targets economic recovery by offering full capital allowances for mid-sized investments starting in April 2026.

In a major victory for importers, a US appeals court has rejected the government’s attempt to delay the distribution of over $130 billion in illegal tariff refunds.