Specialized Taxes

The service industry just got a raise. The IRS has finalized the OBBBA No Tax on Tips rules, exempting gratuities from federal income tax while adding strict anti-abuse guardrails.

Brussels is moving to tax the “unforeseen luck” of energy giants. The new EU Energy Windfall Tax 2026 aims to capture foreign profits to fund consumer relief.

Macroeconomic stability takes center stage. A deferral of the Philippines Fuel Excise Tax hike is likely after the ADB warned of slowing regional growth.

The future of Brazilian tax is live in beta. The Brazil IBS CBS Testing environment is now open for banks to pilot the revolutionary “Split Payment” system.

Digital victory in Warsaw. The Poland KSeF E-Invoicing system reports 150 million invoices in its first week, proving the “hard launch” is a success.

Small parcels, new costs. The EU Fixed Customs Duty is now live, adding a flat €3 fee to all international e-commerce imports under €150.

Generational wealth starts now. The IRS confirms that 4 million children have been signed up for OBBBA Trump Accounts since January.

Trade just got digital. The new Mexico Agro-Compliance Certificate is now mandatory for agricultural exporters seeking VAT zero-rating in Mexico.

A simpler path to digital tax? The UN Taxation of Services Model gets a major update today, offering developing nations a bold alternative to OECD rules.

Japan’s tech-focused tax breaks are now operational. The Japan Strategic Technology Tax Credit offers massive relief for semiconductor and green energy manufacturers.