Australia: ATO issues additional guidance on public CbC reporting

18 June, 2025

The guidance outlines several benefits of voluntary registration. The Australian Taxation Office (ATO) released additional guidance on its public country-by-country (CbC) regime on 12 June 2025. The guidance outlines several benefits of voluntary registration, which include simplifying public

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Uganda presents 2025–26 budget, proposes income tax exemption for start-ups

17 June, 2025

Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12

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US: Senate proposes phasing out solar, wind tax credits

17 June, 2025

The proposal accelerates the expiration of renewable energy subsidies under the 2022 Inflation Reduction Act.  A US Senate committee proposed phasing out tax credits for solar and wind energy by 2028 while extending incentives for nuclear,

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Hong Kong, Morocco to start tax treaty negotiations

17 June, 2025

Hong Kong and Morocco will hold their first income tax treaty negotiations from 23 to 27 May 2025.  The Hong Kong Inland Revenue Department (IRD) has announced that Hong Kong and Morocco will hold their first round of income tax treaty

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US: Senate Republicans propose ending EV tax credits

17 June, 2025

Senate Republicans push to eliminate key EV tax credits, proposing immediate reductions for leased imports and a complete phase-out within 180 days. US Senate Republicans introduced a tax and budget bill that would eliminate several electric

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Lithuania, Vietnam sign letter of intent for income tax treaty

17 June, 2025

Lithuania and Vietnam signed a letter of intent on 12 June 2025 to negotiate their first income tax treaty, which will take effect after finalisation and ratification. Lithuania’s Ministry of Finance has announced that representatives from

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Mozambique restores VAT exemption on soap, sugar, and oil 

17 June, 2025

Mozambique has reintroduced a VAT exemption on soap, sugar, cooking oil, and their raw materials, as well as goods and services for sugar cane production.  Mozambique has published Law No. 3/2025 in the Official Gazette on 21 May 2025, amending

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US: Maryland clarifies expanded sales tax on data and IT services

17 June, 2025

Maryland's Comptroller clarified the 3% sales tax on data, IT, and software publishing services in a Technical Bulletin issued on 10 June 2025.   The Comptroller of Maryland clarified the 3% sales and use tax on certain data, IT, and software

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US: Senate Finance Committee Chairman releases finance committee reconciliation text

17 June, 2025

Senate Finance Chair Mike Crapo released draft legislation to make 2017 tax cuts permanent and cut green new deal spending in the GOP budget bill. US Senate Finance Committee Chairman Mike Crapo (R-Idaho) released legislative text within the

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