US: Appeals Court grants temporary stay on ruling against Trump’s global tariffs

Hungary's tax authority has released a technical explanatory guide to assist multinational groups in navigating the country's DAC9 reporting obligations, mapping national requirements against the OECD's GloBE Information Return XML schema and clarifying key data points spanning entity classification, ownership structures, effective tax rate calculations, and top-up tax rules. 

Poland has extended temporary fuel tax reductions until 31 May 2026, keeping VAT on motor fuels at 8% and excise duty at European Union minimum levels as the government continues measures to shield consumers from price volatility linked to Middle East conflicts. 

Washington and Beijing shift toward a practical trade framework focusing on USD 30 billion in tariff cuts for non-sensitive goods, abandoning previous demands for China to overhaul its economic system as bilateral trade tensions ease.

Hong Kong's Legislative Council has approved sweeping tax relief measures that will benefit over 2 million taxpayers and 170,000 businesses, reducing government revenue by more than HKD 11 billion through a combination of one-off rebates and permanent allowance increases. 

The Slovak parliament has rejected legislation that would have raised VAT registration thresholds from EUR 50,000 to EUR 83,000, maintaining the current requirements for small businesses despite efforts to reduce their administrative burden. 

Brazil’s President Luiz Inácio Lula da Silva has signed a decree removing the federal tax on imports below USD 50, with the measure aimed at reducing costs on cross-border e-commerce purchases and supporting lower-income consumers. The decision, published in the Federal Official Gazette, also allows adjustments to import tax rates on higher-value shipments.