India defends trade negotiations as US tariffs loom
India’s Foreign Minister says trade talks with the US are continuing, but New Delhi will defend key “redlines” as additional tariffs of up to 50%. India’s Foreign Minister Subrahmanyam Jaishankar stated on 23 August 2025 that trade
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Uganda presents 2025–26 budget, proposes income tax exemption for start-ups
Uganda's Ministry of Finance unveiled a UGX 72.136 trillion national budget for 2025-26. Uganda’s Ministry of Finance Planning and Economic Development has unveiled a UGX 72.136 trillion national budget for the 2025-26 financial year on 12
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US: Treasury reports USD 258 billion budget surplus in April 2025
The US Department of the Treasury reported a USD 258 billion budget surplus in April on 12 May 2025. The surplus is up 23% (USD 49 billion) compared to the same period last year. The Treasury said the increased surplus was driven by strong tax
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Bolivia amends procedures for export tax refund requests, includes surety insurance policyÂ
Bolivia’s tax authority (Servicio de Impuestos Nacionales—SIN), on Thursday, 2 May, 2024, issued guidance “RND No. 102400000014”, in which it provided the following: After submitting an export tax refund request (SDI) with a
See MoreBolivia updates export tax refund regulations
On 10 April 2024, Bolivia announced Supreme Decree No. 5145, which introduces a new modality of export tax refund. The Decree aims to streamline the process of submitting tax refund requests. The key aspects of the Decree are: The deadline
See MoreCanada: Trump Import Tariffs impact
The US President gave warning of raised import tariffs on Mexican exports to the United States. He also made an indication that Canadian exports could be subject to the same tax treatment. He said that he would impose 35% import tariff from
See MoreIMF Technical Note Considers WTO Tax Rules
A technical note published by the IMF on 29 March 2016 considers to what extent the World Trade Organization (WTO) rules affect the freedom of policy makers to frame their tax policy. The paper entitled Is the WTO a World Tax Organization? A Primer
See MoreWTO: Ministers Agree Nairobi Package
A number of measures have been implemented by Ministerial Decisions issued at the Tenth Ministerial Conference of the World Trade Organization (WTO) that concluded in Nairobi on 19 December 2015. Preferences for LDC services The waiver period
See MoreIndonesia: Copper Miners Hit Back At Export Tax
From the beginning of 2014 the Indonesian government is charging an export tax on mineral concentrates. The aim is to raise the amount of domestic value added and increase domestic economic activity associated with the mineral sector. The government
See MoreVietnam: Â Rubber export tariffs possible to be cut
Vietnam’s Ministry of Finance issued a Circular on 13 November 2013 it was reported that, reducing export tax rates on both natural and synthetic rubber exports exports  from December 26, 2013. With this Circular, the export tariff on all rubber
See MoreRussia Lines Up Heavy Crude Export Tax Relief
On 9 March 2012 it was reported that the Russian government is considering the introduction of a significant new tax concession to make expensive extra-heavy crude extraction and refinement projects more viable, to boost the nation's export
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