Chile: MoF revises criteria for fuel excise tax calculation
The readjusted fuel excise tax will take effect from 7 August 2025. Chile’s Ministry of Finance published Executive Decree No. 242 in the Official Gazette on 6 August 2025, revising the components used to calculate the excise tax on fuels, as
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Cambodia to implement new capital gains tax from September 2025
The new 20% capital gain tax on capital asset sales takes effect September 2025, with specific rules and exemptions for residents and non-residents. The Ministry of Economy and Finance of Cambodia issued Prakas No. 496 on 18 July 2025,
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Greece expands and strengthens rules for alternative tax regimes
The amended tax regimes revise inheritance and gift tax exemptions and expand provisions for skilled employees. Greece has amended its alternative tax regimes for incoming tax residents introduced under Law 5222/2025, which were published on 28
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Australia: ATO issues guidance on fraudulent GST refund schemes
The alert warns businesses against colluding with related entities to create fake invoices for fraudulent GST refund claims. The Australian Taxation Office (ATO) has issued a new taxpayer alert - TA 2025/2: Arrangements designed to improperly
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US: New Jersey adopts graduated rates for property interest transfers
The new law replaces the flat 1% fee on transfers over USD 1 million with a graduated rate from 1% for transfers under USD 2 million up to 3.5% for transfers above USD 3.5 million. New Jersey’s governor has signed the Fiscal Year 2026 Budget
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Malaysia: MoF to scrap high-value goods tax scheme
The planned 5% to 10% tax on high-value goods set for May 2024 has been delayed. Malaysia’s Ministry of Finance announced on 29 July 2025 that it had scrapped its planned high-value goods tax, originally proposed two years ago. The Finance
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Finland consults on proposed tax hike for soft drinks and selected beverages
The deadline for submitting comments is 6 August 2025. Finland’s Ministry of Finance launched a public consultation on 2 June 2025, proposing a EUR 0.15 per litre sugar-based tax on soft drinks and an increased excise duty on fermented
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Italy: Council of Ministers approves consolidated code on registration, indirect taxes
The legislative decree consolidates the code for registration tax and other indirect taxes, excluding VAT, aimed at reorganising existing regulations to simplify compliance and reduce administrative burdens for taxpayers. Italy’s Council of
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Malawi lowers tax for select non-resident companies
The Malawi government has abolished the 5% repatriation tax for non-resident companies, increased withholding tax on gambling winnings to 10%, and exempted bread from the 16.5% VAT. Malawi has implemented new tax laws through the Taxation
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Iceland issues guidance on cruise ship tax, infrastructure fees
Operators must submit passenger reports within seven days of departing Iceland, with an ISK 400 lodging tax for domestic voyages and an ISK 2,500 infrastructure charge for international docked vessels. Iceland’s Revenue and Customs issued
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Zambia advances 2025 tax reform, proposes 1% minimum alternative tax for businesses
Key proposals include a 1% MAT on turnover, 15% to 20% withholding tax on government securities, and excise duty hikes on cigarettes, alcohol, sugary drinks, and betting services. Zambia's National Assembly has advanced the Income Tax
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Indonesia: Chief Economic Minister says 19% US tariff may take effect before 1 August
Trump imposed a 19% tariff on Indonesian goods as part of a new trade agreement, effective 1 August Indonesia's Chief Economic Minister, Airlangga Hartarto, announced on 21 July 2025 that the 19% tariff on Indonesian goods entering the US could
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Pakistan: FBR extends deadline for sales tax integration with e-invoicing system
FBR has announced a one-month extension for sales tax-registered businesses to integrate their systems with its electronic invoicing platform. The Federal Board of Revenue (FBR) of Pakistan has granted an additional one-month extension for
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Brazil: Federal Supreme Court Justice reinstates financial transaction tax increase
Federal Supreme Court Justice Alexandre de Moraes has reinstated Decree No. 12.499 with retroactive effect from 11 June 2025 after failed government-National Congress conciliation. Brazil's Federal Supreme Court Justice Alexandre de Moraes
See MoreAustralia: ATO issues guidance on GST treatment of container deposit scheme refunds
The ATO clarified that entities offering value in exchange for scheme refunds may be liable for GST. The Australian Taxation Office (ATO) issued guidance on 15 July 2025, regarding GST treatment for material recovery facility operators
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Hungary updates tax rates on retail, financial entities, and insurance sectors
Act LIV of 2025 introduces updated tax rates, increased VAT thresholds, and new regulations across retail, financial, insurance, and energy sectors, along with enhanced R&D deductions. Hungary has published Act LIV of 2025 in the Official
See MoreUS: Sales tax applies to resold goods under Trump tariffs, says SSTGB
The SSTGB confirmed that sales tax applies to tariffs on imported goods resold in its 24 member states. The Streamlined Sales Tax Governing Board (SSTGB) has confirmed that sales tax applies to tariffs on imported goods, including those recently
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Tanzania enacts 2025-26 budget measures, includes new transfer pricing penalty
The measures will apply from 1 July 2025, unless otherwise specified. Tanzania's Finance Act 2025 was enacted on 30 June 2025, implementing tax measures from the 2025-26 Budget Speech with some adjustments to the initially announced
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