China's Ministry of Foreign Affairs announced that China and Peru officials convened on 12 May 2025 to discuss bilateral cooperation, including plans to negotiate and sign an income tax treaty. This treaty seeks to prevent double taxation and tax

China and Russia signed an investment protection agreement (IPA) in Moscow on 8 May 2025. Investment Promotion Agreements (IPAs) are designed to protect investors by requiring national governments to minimize risks such as currency controls,

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

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

Brazil’s Congress has approved the amending protocol to the Brazil-China Income Tax Treaty (1991) through Legislative Decree No. 170/2025 on 5 May 2025. The Legislative Decree No. 170/2025 was published in the Official Gazette No. 83 on 6 May

Russia, on 25 April 2025, temporarily suspended penalties for late VAT return submissions in 2025 for businesses using the simplified tax regime who, from 2025, are required to calculate and pay VAT. Taxpayers using the simplified taxation system