US: Trump Administration set to replace expiring 10% tariff with forced-labour duties on 60 countries

Germany's Federal Ministry of Finance has published an updated VAT registration form and guidance for non-resident businesses carrying out taxable activities in the country, outlining registration requirements, reporting obligations and sector-specific information.

Chile's tax authority (SII) clarified that employers must schedule payments to short-term performing arts workers by contract end date and apply proportional progressive tax rates under Articles 43 and 45 of the Income Tax Law, with workers retaining recomputation rights under Article 47 during annual filing.

Russia has proposed amendments to the Tax Code of the Russian Federation that would allow regional authorities to introduce a social tax deduction for eligible young specialists under 35, with each region deciding whether and how to implement the measure.

The OECD's latest Corporate Tax Statistics, covering data on almost 9,400 multinational enterprises, show corporate tax revenues held steady at 17.3% of total tax revenues in 2023, while statutory tax rates stabilised around 21.2% from 2020 to 2026.

Hungary has cut its base interest rate to 5.75%, lowering the rate used to calculate interest on late tax payments as inflation continues to ease.

Jordan signed a reciprocal trade agreement with the US on 21 July, securing duty-free access for American exports, forced-labour import bans, and over USD 2.2 billion in Jordanian purchases and investment commitments, including six Boeing 787-9 aircraft and a USD 1 billion Hikma Pharmaceuticals expansion.