US: Court of International Trade rules Trump tariffs unconstitutional, Court of Appeals issues administrative stay while it reviews appeal

30 May, 2025

Court of International Trade cited Congress's exclusive authority over taxes and commerce on 28 May 2025. On 29 May 2025, the US Court of Appeals for the Federal Circuit issued an administrative stay while it reviews an appeal from the Trump Administration.  The United States Court of

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Australia: ATO consults thin capitalization compliance guide

30 May, 2025

The ATO is seeking public feedback on a draft guidance to limit interest payment deductions on multinational debt. Comments are due by 30 June 2025. The Australian Taxation Office (ATO) has opened a public consultation regarding a draft guidance

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Algeria extends 2024 transfer pricing filing deadline

30 May, 2025

The deadline has been further extended to 5 June 2025. Algeria's Directorate General of Taxes has announced an extension of the 2024 transfer pricing declaration deadline to 28 May 2025. Earlier, Algeria’s tax authorities extended the 2024

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Qatar approves tax exemption on capital gains from group restructuring

30 May, 2025

Qatar has approved a tax exemption on capital gains from group restructurings, aiming to boost investment, support business growth, and enhance economic competitiveness. Qatar’s General Tax Authority announced its support for the Cabinet’s

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Germany plans 10% tax on digital services from tech giants

30 May, 2025

Germany is drafting legislation for a 10% tax on major digital platforms like Google and Facebook.  Germany’s Minister of State for Culture, Wolfram Weimer, has announced that the government is preparing draft legislation to introduce a 10%

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Bangladesh to revise tariffs in fy 2025–26 budget ahead of LDC graduation

30 May, 2025

Bangladesh plans to reform its tariff structure in the FY2025–26 budget, reducing duties on medicines and industrial inputs while increasing them on select raw materials, ahead of its LDC transition in 2026. Bangladesh is preparing a tariff

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France sets interest rate caps for shareholder loan deductions in Q2 2025

30 May, 2025

The French tax authority has updated the interest rates used to determine the deductibility of interest payments to shareholders for companies with fiscal years ending between 31 March 2025  and 29 June 2025. Interest payments that exceed these

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Brazil, Sweden: Amending protocol enters into force

30 May, 2025

The amendment to the 1975 Brazil-Sweden Income Tax Treaty takes effect on 13 June 2025.  The amending protocol to the Brazil-Sweden Income Tax Treaty (1975) will take effect on 13 June 2025. The protocol takes effect on 1 January 2026 for

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Brazil, China: Amending protocol to tax treaty enters into force

30 May, 2025

The amendment to the 1991 Brazil-China Income Tax Treaty takes effect on 14 June 2025.   The amending protocol to the Brazil-China Income Tax Treaty (1991) will take effect on 14 June 2025. The protocol takes effect on 1 January 2026 for

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