Italy & Mexico: Amended protocol to DTA approved by Italian Parliament

The Italian Revenue Agency has published a new FAQ on the Pillar Two Global Minimum Tax (GMT) on 17 July 2026, expanding on the guidance first issued on 29 May 2026. While the original FAQs covered topics such as reporting obligations, safe

The Italian Revenue Agency confirmed on 17 July 2026 that dissolving a trust and returning assets to the settlor triggers no gift or inheritance tax, provided no beneficiaries receive the property. Response no. 146 of 16 July 2026 clarifies a

The US will meet with Mexico in Mexico City for the third bilateral negotiating round related to the Joint Review of the United States-Mexico-Canada Agreement (USMCA) on 21 July 2026, according to a release by the USTR dated 17 July 2026. This

The US is making progress in negotiations with Mexico to revise the US-Mexico-Canada Agreement (USMCA), while discussions with Canada have yet to produce the concessions sought by the Trump administration, US Trade Representative Jamieson Greer said

Italy has received approval to continue applying its VAT split-payment system following the adoption, without discussion, of an EU Council Implementing Decision at the Economic and Financial Affairs (ECOFIN) Council meeting held on 10 July

Italy’s Revenue Agency has issued Response no. 139 on 10 July 2026, confirming that companies undergoing severe corporate restructuring do not automatically forfeit their Transition 4.0 tax credits. The ruling emphasises that the true deciding