US, China agree to lower tariffs, 90-day tariff pause
The US and China have agreed to temporarily cut tariffs in order to work to end a trade war that has fueled recession fears and unsettled financial markets. Following discussions with Chinese officials in Geneva, US Treasury Secretary Scott
See More
US, UK announces trade deal, expands agricultural access
US President Donald Trump announced a "full and comprehensive" trade agreement between the US and the UK on Thursday, 8 May 2025. “The agreement with the UK is a full and comprehensive one that will cement the relationship between the US and
See More
US: Trump to lower US tariffs on China from 145% if trade talks go well
US President Donald Trump said on Thursday, 8 May 2025, that he expects the US 145% tariffs on China to be reduced if trade negotiations between the two nations this weekend goes well. The Trump administration stated that the US has been working
See More
Australia: ATO urges large taxpayers to submit annual GST supplementary return
The Australian Taxation Office (ATO) has issued a reminder about lodging a new supplementary annual GST return for large taxpayers on 8 May 2025. The return is required for those in the Top 100 and Top 1,000 Justified Trust Programs for GST
See More
EU considers EUR 95 billion in tariffs on US if negotiations fail, targets industrial goods
The European Union is considering imposing EUR 95 billion (USD 108 billion) in tariffs on US exports if no progress is made during trade talks with the Trump administration. The proposed retaliatory measures mainly target industrial goods like
See More
Netherlands emissions authority accepting CBAM declarant applications from May 2025
The Netherlands' emissions authority (NEA) announced on 1 May 2025 the launch of a dedicated online portal for taxpayers to apply for CBAM authorised declarant status. The Carbon Border Adjustment Mechanism (CBAM) is an initiative introduced by
See More
US: New Jersey launches mediation pilot program for corporate sales and tax disputes
The New Jersey Division of Taxation is launching a two-year pilot mediation program on 1 October 2025. The Pilot is set to run for 24 months from 1 October 2025 to 30 September 2027. The program is open to all business entities involved in
See More
Costa Rica increases fuel tax
Costa Rica’s Ministry of Finance has announced a 0.03% increase in the single tax rate on fuels, as mandated by Law 8.114 of 2001. This tax is applied at fixed rates per litre based on the type of fuel. However, despite this adjustment, the
See More
Netherlands scraps plastic tax, considers higher waste tax
The Dutch government has reportedly scrapped its plans to introduce a polymer levy (polymerenheffing) or the plastic tax. Cancelling the tax will cause a EUR 567 million budget loss, which will likely be offset by raising the waste tax rate and
See More
Austria: Budget Accompanying Act 2025 awaits parliamentary approval, proposes amendments to VAT, income taxes amongst others
Austria’s Ministry of Finance (BMF) has released the draft Budget Accompanying Act 2025 (BBG 2025) on 2 May 2025. The Budget Accompanying Act 2025 is presently awaiting parliamentary approval. The proposed key tax measures include amendments to
See More
US: Trump administration ends duty-free access for low-value imports from China, Hong Kong
The Trump administration ended duty-free access for low-value shipments from China and Hong Kong entering the US on Friday, 2 May 2025. This followed after President Donald Trump signed an executive order on 2 May 2025, which ended “de
See More
EU: EEA aims for Sustainable Europe by 2050 with green tax reforms
The European Environment Agency (EEA) has released a report titled "[Imagining a sustainable Europe in 2050: Exploring implications for core production and consumption systems” on 10 April 2025. This report analyses how Europe's food, mobility,
See More
Slovak Republic: Parliament rejects bill to exempt healthcare providers from financial transaction tax
The Slovak Republic’s Parliament has rejected a draft bill to amend the Financial Transaction Tax (FTT) Act on 15 April 2025, which sought to exempt healthcare providers established under special healthcare legislation from FTT. Earlier, the
See More
Pakistan expands e-invoicing to all sales tax registrants
The Federal Board of Revenue (FBR) of Pakistan has formally extended the electronic invoicing requirement to all sales tax-registered persons through Notification SRO 709(I)/2025 issued on 22 April 2025. This move follows an earlier amendment
See More
China reportedly exempts select US imports from tariffs, discretely communicates policy to companies
China reportedly has drafted a list of US imports that is exempted from its 125% tariffs. It’s unclear how many, or which, products are on the list because authorities have not publicly shared this information. The sources state that the
See More
China exempts tariffs on US ethane imports
China has exempted the 125% tariff on US ethane imports imposed earlier this month, alleviating pressure on Chinese companies that rely on ethane imported from the US for petrochemical production, reports Reuters . China has increased tariffs on
See More
US: Trump’s latest executive order eases tariff impact on auto industry
US President Donald Trump signed an executive order yesterday, 29 April 2025, to ease the impact of auto tariffs, days before 25% import taxes on auto parts were set to take effect. Under the new executive order, which he signed aboard Air Force
See More
Netherlands releases draft tax plan measures for 2026
The Netherlands State Secretary for Finance has sent a list of tax measures on 25 April 2025, which are expected to be included in the annual Tax Plan and other tax legislation planned for the year, to the lower house of parliament. The Tax Plan
See More