US: IRS issues interim guidance on corporate alternative minimum tax (CAMT)
The two notices, Notice 2025-46 and Notice 2025-49, on 30 September 2025, provide interim guidance on the corporate alternative minimum tax (CAMT). ​​ The US Internal Revenue Service (IRS) issued two notices, Notice 2025-46 and Notice
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Peru: BEPS MLI enters into force
Peru’s BEPS MLI entered into force on 1 October 2025 to curb tax treaty abuse and base erosion by multinationals. The Multilateral Convention on Tax Treaty Measures to Counter Base Erosion and Profit Shifting (MLI) has entered into force in
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Chile: SII announces filing deadlines for FY 2026 annual tax return forms
Chile’s Tax Authority (Servicio de Impuestos Internos – SII) has issued Resolution Ex. SII No. 123-2025 on 25 September 2025, announcing the official filing schedule for annual tax return forms due in fiscal year (FY) 2026. Annual tax
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Mexico updates list of registered non-resident digital service providers
Under the rules, which have applied since 1 June 2020, non-resident digital service providers must register with the Federal Registry of Taxpayers (RFC) to supply services to Mexican users. The Mexican Tax Administration (SAT) issued Official
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Colombia: DIAN consolidates tax, customs, foreign exchange regulations
DIAN issued Resolution 000227 consolidating tax, customs and foreign exchange rules. The Colombian National Tax and Customs Directorate (DIAN) has issued Unified Resolution 000227 on 23 September 2025 consolidating tax, customs, and foreign
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Brazil: Government introduces tax incentives framework for data centres
The REDATA regime is aimed at encouraging the growth of data centres in Brazil by fostering digital infrastructure development and attracting investments. Brazil’s government published Provisional Measure 1.318/2025 in the Official Gazette on
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Argentina deposits BEPS MLI ratification instrumentÂ
The MLI is set to take effect in Argentina starting 1 January 2026. Argentina officially ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) by depositing its instrument
See MoreUS: IRS, Treasury announce reduced user fees for tax professionals applying for or renewing PTINs, initiates public consultationsÂ
The US Treasury and IRS announced interim final regulations and a proposed rule to lower the user fee for tax professionals applying for or renewing a PTIN. The Department of the Treasury and the Internal Revenue Service (IRS) issued IR-2025-95
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US: Trump imposes 10% tariff on lumber, 25% on furniture and cabinets
Trump argued that these imports were undermining the US economy by threatening domestic wood mills, disrupting supply chains, and reducing the utilisation of American wood industries. US President Donald Trump signed a presidential proclamation
See MoreWorld Bank: Analysis of Tax Data to Understand Job Creation
A World Bank blog on 16 September 2025 looked at how administrative data drawn from tax returns can reveal information about the businesses that are creating employment. The blog, written by V. Wiedemann, T. Scot, L. Zavala and L. Serrano Pajaro,
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US introduces ‘platinum card’ visa permitting 270-day stay with no foreign income tax
The Trump Platinum Card will allow individual applicants to reside in the US for up to 270 days per year without being subject to tax on non-US income. The US has unveiled plans for a "Platinum Card" that would enable foreign nationals to stay in
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Lesotho Trade Minister: US to extend Africa trade agreement for an additional year
This trade agreement provides African nations with preferential access to US markets. Lesotho's Trade Minister, Mokhethi Shelile, said, on 24 September 2025, that the US is planning to extend the African Growth and Opportunity Act (AGOA) by one
See MoreUS imposes 100% tariffs on branded pharmaceuticals, adds new tariffs on trucks and furniture
The Trump administration announced sweeping tariffs effective 1 October 2025, including a 100% duty on branded pharmaceuticals and 50% tariffs levied on trucks, cabinets, vanities, and 30% tariffs on upholstered furniture. President Donald
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Dominican Republic: Council of Ministers approve 2026 draft budget
Minister of the Presidency, José Ignacio Paliza reported that the 2026 Budget amounts to DOP 1.74 trillion, equivalent to 20.1% of GDP. One of the central pillars of the proposal is the promotion of public investment, which will reach 2.5% of
See MoreUS: Commerce Department launches tariff investigations on medical devices, robotics, machinery
The US Department of Commerce launched Section 232 investigations into imports of medical supplies, PPE, robotics, industrial machinery, and critical materials to assess domestic supply and foreign trade impacts, potentially raising tariffs. The
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Brazil completes ratification of tax treaty protocol with Singapore
This protocol is the first amendment to the 2018 Brazil–Singapore income tax treaty. Brazil has issued Legislative Decree No. 203 on 19 September 2025, which marks the ratification of the protocol to its 2018 income tax treaty with
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Brazil, India tax treaty protocol enters into force
This protocol to the tax treaty will enter into force on 18 October 2025. The amending protocol to the tax treaty between Brazil and India (1988), as amended by the 2013 protocol, will enter into force on 18 October 2025. This protocol,
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Argentina sets 0% export duty on select products
The benefit will remain in effect until 31 October 2025, or until export sales declarations total USD 7 billion, whichever comes first. Argentina has published Decree No. 682 in the Official Bulletin on 22 September 2025, which introduces a
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