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Brazil's Executive Management Committee of the Chamber of Foreign Trade has issued GECEX Resolution No. 938/2026, establishing a 12% export tax rate on crude petroleum oils for a 60-day period following the expiry of Provisional Measure No. 1,340/2026. The resolution addresses the regulatory gap created when the provisional measure failed to be converted into law within the constitutional timeframe, reinstating export tax provisions on products classified under NCM heading 2709.

Law No. 30-26 represents the Dominican Republic's most comprehensive tax reform in recent years, fundamentally restructuring the Tax Code with measures ranging from procedural improvements to expanded taxation on cross-border transactions. The reform introduces a temporary 30% corporate surcharge for large taxpayers, eliminates the solve et repete requirement for appeals, and significantly broadens the scope of worldwide income taxation with particular impact on technical assistance and digital services.

Brazil has opened a public consultation on a draft resolution that will establish the framework for its participation in cooperative approaches involving Internationally Transferred Mitigation Outcomes under Article 6.2 of the Paris Agreement. The proposal sets a target of reducing net greenhouse gas emissions by 100 million tons of CO₂e between 2031 and 2035, with up to 50 million tons eligible for international transfer as ITMOs. The draft resolution links ITMO authorization and transfer processes t