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#Treasury/IRS

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Oct 8Thu
  1. USTR · Press Releases40

    USTR invokes USMCA Rapid Response Mechanism for review of alleged workers' rights denial at GLM Components Mexico

    USTR has invoked the USMCA Rapid Response Labor Mechanism and asked Mexico to review whether workers at GLM Components Mexico, S.A. de C.V., an auto parts facility in Puebla, Mexico, are being denied freedom of association and collective bargaining. The action follows a September 8, 2026 RRM petition from the Sindicato Regeneración Nacional de Trabajadores y Empleados de la República Mexicana "Morenas" and an Interagency Labor Committee determination of sufficient, credible evidence. The Trade Representative has directed the Secretary of the Treasury to suspend liquidation of unliquidated entries of goods from the GLM Components facility.

Sep 21Mon
  1. Federal Register · CBP22

    CBP keeps quarterly IRS interest rates for customs duty underpayments and refunds unchanged from October 1, 2026

    CBP states in a general notice that the quarterly IRS interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will remain the same from the previous quarter. For the calendar quarter beginning October 1, 2026, the underpayment rate is 7 percent for both corporations and non-corporations, and the overpayment rate is 7 percent for non-corporations and 6 percent for corporations. The rates are applicable as of October 1, 2026.

Sep 1Tue
  1. Federal Register · CBP42

    CBP seeks comments on advance rule for heightened import supply chain disclosures

    CBP issued an advance notice of proposed rulemaking stating it is considering amending its regulations to require greater visibility into the supply chains of goods imported into the United States, including information on the parties involved in importation, technical solutions for tracing supply chains, and foreign export documentation that foreign exporters must submit to their customs authority before export to the United States. CBP says the proposals aim to detect and interdict illicit importations, especially goods illegally transshipped to evade U.S. customs and trade laws. Comments are due on or before December 1, 2026, under docket number USCBP-2026-1058.

Jan 6Tue
  1. CBP · Trade62

    CBP moves to electronic refunds on Feb. 6, 2026, ending paper checks for customs refunds

    CBP states that the U.S. Department of the Treasury will stop issuing paper checks for all CBP refunds on Feb. 6, 2026, unless the recipient has an approved waiver under 31 C.F.R. § 208.4, and that two upgrades to the ACE Secure Data Portal prepare users for the electronic refund process. The changes, outlined in the Interim Final Rule: Electronic Refunds, follow Executive Order 14247 on modernizing federal payments. The first upgrade adds a secure online tool for authorizing electronic refunds and the second simplifies the application process for creating importer accounts.

    Why it matters: Importers, brokers and other refund recipients must be enrolled for electronic refunds through the ACE Portal before Feb. 6, 2026, or hold an approved waiver under 31 C.F.R. § 208.4 to keep receiving paper checks.