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
See More
US: Florida aligns with federal IRC, ends business rent taxÂ
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
See MoreUS: Maine to broaden sales tax to include digital content
Maine's new budget law will impose a 5.5% sales tax on streaming platforms and digital services starting 1 January 2026. Maine Governor Janet Mills signed a new budget law (LD 210) on 23 June 2025, which expands the state’s sales tax to include
See More
Australia: ATO consults draft GST, foreign ownership register rulesÂ
The ATO is consulting on three draft instruments regarding GST and the Register of Foreign Ownership of Australian Assets. Feedback is open until 16 July 2025. The Australian Taxation Office (ATO) opened a consultation on three draft instruments
See More
EU urges Hungary to scrap retail tax regime
The move aims to ensure compliance with the principle of freedom of establishment. In its June 2025 infringements package, the European Commission issued a reasoned opinion to Hungary on 18 June 2025, urging the country to abolish its retail tax
See MoreUS: Illinois to tax 50% of GILTI, tightens interest deductions under 2026 budget
Starting with tax years ending on or after 31 December 2025, taxpayers must include 50% of GILTI, as defined under IRC section 951A, in their base income for Illinois tax purposes. Illinois Governor J.B. Pritzker signed a bill (HB 2755) on 16
See MoreUS: Maryland clarifies expanded sales tax on data and IT services
The 3% sales and use tax goes into effect on 1 July 2025. The Comptroller of Maryland clarified the 3% sales and use tax on certain data, IT, and software publishing services in Technical Bulletin No. 56, released on 10 June 2025. The expanded
See More
Malaysia: MoF announces sales and service tax amendments
Malaysia announced revisions to the sales tax and an expanded service tax scope, effective 1 July 2025. Malaysia’s Ministry of Finance announced on 9 June 2025 revisions to the sales tax and an expanded scope for the
See More
Australia: ATO consults draft GST instruments
Comments are open until 25 June 2025. The Australian Taxation Office (ATO) has issued two draft legislative instruments, LI 2025/D6Â and LI 2025/D7, for public consultation on the goods and services tax (GST) on 28 May 2025. The key measures
See More
Canada: Government proposes GST rebate for first-time home buyers, repeal of consumer carbon price, middle-class tax cuts
Canada’s Finance Minister proposed the measures on 27 May 2025. Canada’s Finance Minister, François-Philippe Champagne, has tabled a notice of Ways and Means Motion in Parliament on 27 May 2025, proposing GST relief for first-time
See More
US: Washington adopts major business and occupation tax reforms
The law introduces significant changes to the B&O tax and extends the retail sales tax to computer-related services. Washington Governor Bob Ferguson signed two bills, Bill HB 2021 and Bill SB 5814, into law on 20 May 2025, introducing major
See More
South Africa: MoF presents revised 2025 budget, scraps proposed VAT hike
Finance Minister delivered 2025 revised budget speech on 21 May 2025. Key tax changes include scrapping proposed VAT rate hikes, removing additional zero-rated items, and increasing the inflation-linked fuel levy. South Africa’s Finance
See More
Sweden: Ministry of Finance announces tax proposals for Autumn Budget 2026, includes reduced corporate taxÂ
Sweden's Ministry of Finance announced various tax proposals for the 2026 Autumn Budget on 19 May 2025. It includes reduced corporate tax, energy tax on electricity, special income tax for non-residents, amongst others. Reduced corporate
See MoreUS: Alabama opts out of federal R&D tax deduction rules, reduces grocery sales tax
Alabama Governor Kay Ivey signed the bill (HB 163) on 14 May 2025, which decoupled Alabama from the federal Tax Cuts and Jobs Act (TCJA) treatment of research and experimental (R&E) expenditures. On the same day, the governor also signed a bill
See MoreCanada: Ontario unveils 2025 budget, proposes increased tax credit for corporations
Minister of Finance Peter Bethlenfalvy, of the Canadian province of Ontario, presented the 2025 Ontario Budget: A Plan to Protect Ontario on 15 May 2025. It confirms no new changes to corporate or personal income tax rates. However, qualifying
See More
Argentina postpones tax hike on liquid fuel, carbon dioxide
Argentina’s government has postponed the scheduled tax increases on liquid fuels and carbon dioxide through Decree 296/2025, which was published in the Official Gazette on 30 April 2025. This decree delays the hiked tax rates until 1 June
See MoreAustralia: 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 MoreUS: 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