US maintains tariff exemptions on select Chinese industrial products
The US has announced a one-year extension of tariff exemptions on certain Chinese industrial and medical goods, including equipment used to produce solar-energy products, following a recent US-China trade agreement. These exemptions, originally
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US, UK strike agreement for tariff free pharmaceuticals
The US and the UK reached an agreement on 1 December 2025 that eliminates tariffs on British pharmaceutical products and medical technology. In exchange, the UK has committed to increasing its spending on medicines and reforming how it determines
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US reduces tariffs on Korea (Rep.) vehicles to 15%
The US will reduce import duties on Korea (Rep.) automobiles to 15%, retroactive to 1 November, aligning with the tariffs applied to Japan and the EU, Commerce Secretary Howard Lutnick announced on 2 December 2025. The measure follows last
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Brazil gazettes minimum tax on individuals, dividend withholding tax measures
Brazil published Law No. 15.270 in the Official Gazette, enacting several tax measures for companies, including a corporate minimum tax and withholding tax on dividends, on 27 November 2025. This follows after Brazil’s Senate passed Bill
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Brazil: Congress passes new tax incentives for chemical sector
Brazil’s Federal Senate has approved Bill 892/2025 on 18 November 2025, establishing the Special Sustainability Programme for the Chemical Industry (PRESIQ) and amending the existing Special Regime for the Chemical Industry (REIQ). The bill
See MoreBrazil: RFB allows Simplified National Tax System taxpayers prepay all instalment plans, including RELP-SN
Brazil’s Federal Revenue Service (RFB) announced on 26 November 2025 that it expanded the functionalities available to taxpayers under the Simplified National Tax System (Simples Nacional) by allowing taxpayers to prepay instalments across all
See MoreBrazil: RFB to implement tax administration module (MAT) from December
Brazil’s tax authority, the Federal Revenue Service (RFB), has announced that the Tax Administration Module (MAT) will be implemented on 27 November 2025. The RFB calls the MAT’s implementation an essential advancement in the country’s tax
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Chile: SII clarifies procedure for income tax return software
Chile’s tax administration (SII) provided clarification about the software certification process for generating income tax returns on 24 November 2025. Instructions are now available for software manufacturers and distributors interested in
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Canada: Quebec government proposes various tax measures in 2025 fall economic update
Quebec’s Finance Minister presented the 2025 Fall Economic Update on 25 November 2025, outlining proposed tax measures affecting both businesses and individuals. The 2025 Fall Economic Update does not introduce any corporate or personal tax
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Taiwan: MoF imposes anti-dumping duties on Chinese beer, steel
Taiwan’s Ministry of Finance (MoF) announced on 27 November 2025 that it will impose anti-dumping duties on beer and certain hot-rolled flat steel products imported from China. The duties, retroactive to 3 July 2025, will remain in effect for five
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Argentina expands use of signed document as customs guarantee across import, export regimes
The Argentine government has issued a decree extending the use of a signed document as a valid guarantee for both import and export procedures, including definitive and suspensive regimes. The measure, effective upon publication in the Official
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Uruguay: Senate continues detailed review of national budget 2025–2029
The Uruguayan Senate resumed the detailed consideration of the National Budget 2025–2029 on Wednesday, 26 November, following a temporary recess. Senator Sebastián Sabini reported proceedings in the Chamber. This announcement was made on 27
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US: IRS urges taxpayers to prepare early for 2026 filing season as major new tax law takes effect
The US Internal Revenue Service is encouraging taxpayers to begin preparing now for the 2026 tax filing season, highlighting key steps individuals can take to file accurate returns and avoid delays. In its first “Get Ready” reminder of the
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Colombia: DIAN plans crypto reporting under CARF
Colombia’s tax authority (DIAN) has proposed a draft resolution to implement the OECD’s Crypto-Asset Reporting Framework (CARF) to standardise tax reporting for crypto transactions. The resolution would require registered crypto-asset service
See MoreAustralia, Canada sign customs mutual assistance agreement
Canada Border Services Agency (CBSA) announced on 19 November 2025 that officials from Australia and Canada signed a Customs Mutual Assistance Agreement. CBSA announces Customs Mutual Assistance Agreement with Australia Strong partnerships
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Argentina, US customs agencies establish cooperation agreement
Argentina’s tax and customs agency (ARCA) has signed a cooperation agreement with US Customs and Border Protection (CBP) on 26 November 2025. The framework agreement aims to continue modernising and automating processes in bilateral trade and
See MoreUS: Treasury and IRS consult on implementing new federal tax credit for donations to scholarship organisations
The US Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2025-70 on 25 November 2025, stating that it is requesting comments on the implementation of a new tax credit for individuals established under the One, Big,
See MoreArgentina: ARCA further extends deadline for settling tax debts from miscalculated losses
Argentina’s tax authority (ARCA) has issued General Resolution 5788/2025 on 13 November 2025, extending the deadline for taxpayers to access the payment plan facility for outstanding tax debts arising from miscalculated tax losses. Introduced
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