Malaysia imposes anti-dumping duties on iron and steel from China, South Korea, and Vietnam
Import duties ranging from 3.86% to 57.90% are imposed on galvanized iron and steel coils or sheets from these countries. Malaysia’s Ministry of Trade and Industry has announced provisional anti-dumping duties on certain iron and steel imports
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US: Maryland clarifies 3% sales tax rules for multi-state it services
The 3% sales and use tax takes effect on 1 July 2025. The Comptroller of Maryland has released Technical Bulletin (TB) 54, offering comprehensive guidance for buyers and vendors on complying with the expanded 3% sales tax on data, IT, and
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France, Kenya and allies push global airline ticket tax to fund climate adaptation
A coalition including France, Kenya, Barbados, and others aims to expand air travel taxes to raise billions for climate resilience in developing countries ahead of the 2025 UN climate summit. A coalition of countries including France, Kenya,
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Denmark proposes amendments to property tax rules
The consultation addresses proposed changes to property tax rules, including retroactive preliminary assessments and loan scheme adjustments, and closes on 21 August 2025. Denmark launched a public consultation on a draft bill proposing technical
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Canada announces legislation to ensure carbon rebates for small businesses are tax-free
The draft legislation ensures that all Canada Carbon Rebates for Small Businesses are provided tax-free. Canada's Department of Finance announced on 30 June 2025 that Carbon Rebates for small businesses will be tax-exempt, enabling eligible
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Malaysia exempts imported fruits from sales and service tax
Malaysia exempts imported apples, oranges, mandarin oranges, and dates from sales tax as part of revised sales and service tax changes aimed at easing living costs and supporting small businesses. Malaysia's Ministry of Finance revised the Sales
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US: Florida aligns with federal IRC, ends business rent tax
Governor Ron DeSantis signed a bill that enacts a USD 1.3 billion tax relief package that updates Florida’s tax code conformity to January 2025 and repeals the business rent tax from October 2025. Florida Governor Ron DeSantis signed House Bill
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EU incorporates international CO2 credits into 2040 climate target
The European Commission proposed amending the EU Climate Law to set a 2040 target of a 90% reduction in net greenhouse gas (GHG) emissions from 1990 levels. The European Commission has proposed a legally binding EU climate target for 2040 to cut
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Greece proposes amendments to inheritance, gift, and real estate tax laws
Greece’s Ministry of Finance has opened public consultation on a draft bill proposing changes to inheritance and gift tax laws and expanding exemptions in the special real estate tax regime. The consultation runs until 8 July 2025. Greece’s
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Kenya enacts Finance Act 2025, reduces corporate tax rates
The Finance Act 2025 allows NIFCA-certified companies to benefit from reduced corporate tax rates, tax exemptions on dividends with reinvestment conditions. Kenya’s President William Ruto signed the Finance Act 2025 into law on 26 June
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Nigeria: President approves four new tax reform bills
The new legislation comprises the Nigeria Tax Act, the Nigeria Tax Administration Act, the National Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act. Nigeria’s President Bola Tinubu has signed four major tax
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Slovak Republic: President signs DAC8, excise duty, and tax rate amendments
The President signs DAC8 bill, streamlines excise registration, standardises CNG/LNG tax, adjusts product tax rates, and cuts VAT on select goods. The Slovak Republic’s President has signed a bill amending the Act on Automatic Exchange of
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Taiwan imposes temporary anti-dumping duties on Chinese beer and steel
Taiwan will impose four-month anti-dumping duties on Chinese beer and hot-rolled steel to protect its domestic industry. Taiwan’s Ministry of Finance will impose anti-dumping duties on Chinese-origin beer and hot-rolled steel for four months
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Finland: MoF consults on offshore wind taxation and geographic definition in tax law
The consultation aims to ensure that offshore windmills face a tax burden comparable to that of onshore windmills. Comments are due by 19 August 2025. Finland’s Ministry of Finance launched a public consultation on 24 June 2025 regarding real
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Brazil: National Congress scraps financial transactions tax increases
Brazil's National Congress approved the draft legislative decree on 25 June 2025, repealing three presidential decrees that increased IOF tax rates. Brazil's National Congress (both the Chamber of Deputies and Senate) has approved Draft
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Romania announces 2025–28 tax reforms, raises dividend tax
The proposed tax reforms target increased taxes on dividends, reduced incentives, stricter expense deductions, and simplified VAT rates. Romania published its decision approving the 2025-2028 Government Programme in the Official Gazette on 23
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Chile clarifies conditions for indirect asset disposal tax exemption
The tax authority’s clarification involves addressing the tax implications of an Australian business group's indirect disposal of underlying assets in Chile. Chile’s tax authority (SII) issued Letter Ruling No. 1154 on 19 June 2025,
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Australia: Queensland 2025 budget eliminates transfer duty for first-home buyers
The budget focuses on preserving the current tax structure while introducing a key initiative to remove transfer duty for eligible first-home buyers. Queensland’s State Treasurer, David Janetzki, presented the 2025-26 state budget for
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