US and Czech Republic: Competent Authority Arrangement (CAA) signed

The Industry and Security Bureau of the US Department of Commerce has published a notice in the Federal Register concerning the Procedures to Apply for Company-Specific Onshoring Agreements to Obtain Tariff Adjustments for Pharmaceuticals and

The US Internal Revenue Service (IRS) is weighing whether to require taxpayers to disclose their citizenship status on 2026 tax forms, according to sources familiar with the discussions. The move would represent the Trump administration's latest

The European Union reached a provisional agreement on Wednesday, 20 May 2026, to eliminate import duties on US goods, moving to avert threatened American tariffs after months of tense negotiations. European Commission President Ursula von der

The Czech Ministry of Finance has unveiled two draft amendments to the VAT Act, introducing significant changes scheduled to take effect from 1 January 2027 and 1 July 2028, addressing bad debt provisions, hospitality VAT rates, and partial

The US Treasury has designated eight countries requiring international boycott reporting, with Form 5713 filings mandatory for businesses operating in or connected to these nations. The US Department of the Treasury issued a Federal Register

US retail sales posted a solid gain for the third consecutive month in April 2026, though economists warn that rising inflation and depleted savings could dampen consumer spending in the coming months. According to the Commerce Department's