US: IRS to end paper refund checks for individual taxpayers
The IRS and the Treasury announced that paper tax refund checks for individual taxpayers will be phased out starting 30 September 2025. The US Internal Revenue Service (IRS), working with the US Department of the Treasury, announced on 23
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Canada: PM Carney confirms US trade discussions to shift into USMCA review stage
Prime Minister Mark Carney stated that trade talks with the U.S. are ongoing, with several unresolved issues set to be addressed in the upcoming USMCA review. Canada’s Prime Minister Mark Carney announced yesterday, 23 September 2025, that
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Costa Rica: DGT overhauls withholding tax reporting returns, self-assessment procedures
Resolution No. MH-DGT-RES-0042-2025 establishes rules for taxpayers required to file both informative and self-assessment withholding tax returns, effective 6 October 2025. Costa Rica’s tax administration (DGT) published Resolution No.
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Costa Rica: DGT updates withholding rules for real estate capital gains, transfer taxes
The Resolution will enter into force on 6 October 2025. Costa Rica’s tax administration (DGT) has published Resolution No. MH-DGT-RES-0039-2025  in the Official Gazette on 17 September 2025, updating the withholding rules for real estate
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Mexico: SAT updates list of non-resident digital service providers registered for VAT
Mexico updated the VAT list of foreign digital service providers. Mexico’s Tax Administration (SAT) has released an updated list of foreign digital service providers registered for Value Added Tax (VAT) purposes, covering non-residents without
See MoreUS: IRS grants drought-related tax relief for farmers, ranchers across 49 states and beyond
Eligible farmers and ranchers whose drought-sale replacement period was scheduled to expire at the end of 2025 will have until the end of their next tax year to replace the sold or exchanged livestock. The US Internal Revenue Service (IRS) issued
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Costa Rica: DGT publishes guidance on new TRIBU-CR digital tax platform
These resolutions provide guidance on the use of tax forms for VAT and withholding on card transactions, rules for VAT reporting and cross-border digital services, and the authorisation process for applying taxpayer credits in the TRIBU-CR
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Dominican Republic: Tax Authority updates excise taxes on alcohol and cigarettes
The updated rates will apply from 1 October to 31 December 2025. The Dominican Republic’s Tax Authority issued Resolution DDG-AR1-2025-00006 on 10 September 2025, revising the specific amounts for the selective consumption tax on alcoholic
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Mexico: Banxico to lower key interest by 25bps as growth slows
Mexico’s central bank cut key interest by 25bps amid slowing growth. Mexico’s central bank (Banxico) is expected to cut its key interest rate by 25 basis points to 7.50% at its September 25 meeting. This would be the eleventh rate
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Canada announces GST/HST filing deadlines for distributed investment plansÂ
These rules also impose responsibilities on both investors and securities dealers. Canada’s government announced that distributed investment plans, such as mutual fund trusts and investment limited partnerships are required to reach out to
See MoreUS: Treasury, IRS release guidance on tip-eligible occupations under One, Big, Beautiful Bill (OBBBA)Â
The proposed regulations list nearly 70 separate occupations of tipped workers, from bartenders to water taxi operators. The Department of the Treasury and the Internal Revenue Service issued IR-2025-92 on 19 September 2025, in which it provided
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​​US: Treasury consults GENIUS Act implementation
Comments on the ANPRM must be submitted within 30 days of its publication in the Federal Register. The US Treasury Department released an advance notice of proposed rulemaking (ANPRM) on 18 September 2025, seeking public comments on the
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US: USTR consults Section 301 tariff exclusions for Chinese imports beyond November ‘25
The consultation is set to conclude on 16 October 2025. The US Trade Representative (USTR) initiated a public consultation on whether to extend 178 product exclusions from the section 301 tariffs on Chinese imports beyond 29 November
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Bolivia: SIN extends deadline for e-invoicing for select taxpayersÂ
The new deadline for issuing e-invoices has been moved to 31 March 2026. Bolivia’s tax authority (SIN) has published Resolution RND 102500000036 in the Official Gazette on 11 September 2025, announcing an extension for taxpayers in groups 9
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US: Supreme Court schedules Trump’s tariff hearing for 5 November
The US Supreme Court will hear arguments on November 5 to decide the legality of former President Trump's broad global tariffs. The US Supreme Court has scheduled 5 November 2025 to hear arguments on the legality of former President Donald
See MoreUS: Commerce Department moves to broaden Section 232 steel, aluminium tariffsÂ
The submission period will close at 11:59 PM ET on 29 September 2025. The US Department of Commerce has initiated the September 2025 submission period for requests to add further derivative steel and aluminium products to the existing section 232
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​​Brazil: Senate approves tax treaty protocol with Singapore
Signed on 17 April 2023, this is the first update to the 2018 Brazil - Singapore income tax treaty. Brazil’s Senate has approved the amending protocol to the 2018 Brazil - Singapore income tax treaty through Draft Legislative Decree No.
See MoreUS: Federal Reserve reduces benchmark rates to 4.00%-4.25%
The Federal Reserve cut interest rates by 0.25%, which brings the benchmark rate to 4.00%-4.25%. The US Federal Reserve has reduced interest rates on Wednesday, 17 September 202, for the first time since December in response to concerns about
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