Cambodia sets 0% duty on select US goods
Cambodia sets a 0% customs duty on new goods originating from and imported directly from the US. Cambodia’s government issued Sub-Decree No. 139 on 8 August 2025, establishing a 0% customs duty rate on goods originating from and imported
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US, China agree to 90-day tariff suspension
Without the extension, US tariffs on Chinese goods would have climbed to 145%, while Chinese tariffs on US goods would have reached 125% from 11 August. President Donald Trump signed an executive order on 11 August 2025, extending the tariff
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Chile: SII issues guidance on VAT, invoicing rules for outsourced services
The Ruling clarifies VAT treatment and invoicing requirements for outsourced services. Chile’s tax administration (SII) published Ruling No. 1394-2025 on its website on 24 July 2025, in which it provided clarification of value added tax (VAT)
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Argentina extends payment scheme for tax debts from miscalculated losses
The updated plan introduces fines in the payment plan, reduces the initial advance payment to 2% of the total tax debt, and extends the application deadline to 31 October 2025. Argentina’s tax authority (ARCA) has renewed the payment plan
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Bolivia: National Tax Service extends corporate tax filing deadlines for FY March 2025
The extension was issued in Resolution No. 102500000034 on 4 August 2025. Bolivia's National Tax Service (SIN) extended the corporate tax return and payment deadline for the fiscal year ending on 31 March 2025 to 18 August 2025. The extension
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Switzerland to face 39% tariff as trade talks with the US falterÂ
Switzerland faces 39% US tariffs on exports starting 7 August 2025. Switzerland is likely to face 39% US tariffs on its exports after the country’s President Karin Keller-Sutter failed to secure a trade deal with the US, which is set to take
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US implements tariffs on one-kilo gold bars
The US has imposed tariffs on imports of one-kilo gold bars, potentially affecting Switzerland. According to the Financial Times report on 7 August 2025, the US has imposed tariffs on imports of one-kilogram gold bars, citing a July 31 letter
See MoreArgentina continues tax suspension for non-profits, healthcare sector
The tax suspension is now extended to 31 December 2025. Argentina has issued General Resolution 5736/2025 on 29 July 2025, which extends the suspension of collection lawsuits and enforced collection measures for non-profit entities and healthcare
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US: IRS Confirms 2025 individual filing rules and withholding tables unchanged under ‘One Big Beautiful Bill Act’
 The IRS announced there will be no changes to certain information returns or withholding tables under the phased implementation of the One Big Beautiful Bill Act for the 2025 tax year. The US Internal Revenue Service (IRS) has issued
See MoreUS to levy 100% tariffs on imported semiconductors, exempts local manufacturers
President Donald Trump announced a 100% tariff on imported semiconductors, exempting companies manufacturing or planning to manufacture chips in the US. US President Donald Trump announced a 100% tariff on imported semiconductors on 6 August
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US: Trump considers more China tariffs over Russian oil trade, cites India’s example
Trump has doubled tariffs on Indian imports to 50% over its continued Russian oil purchases and warned of further secondary sanctions, while giving China until 12 August to finalise a tariff deal. US President Donald Trump hinted on 6 August 2025
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Ecuador proposes law to tackle irregular capital flows, revise dividend taxation
The new law aims to regulate irregular capital flows and introduces revised tax rules on dividends and undistributed profits. Ecuador’s President submitted the Draft Organic Law for the Control of Irregular Capital Flows to the National
See MoreUS clarifies tax policy for digital assets
The report is the outcome of President Trump's executive order to establish a "working group" for developing a regulatory framework for digital assets. The US President’s Working Group on Digital Asset Markets has issued a report titled
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US: Trump administration to levy modest tariff on pharmaceutical imports
The Trump administration is reviewing the pharmaceutical sector for national security, with potential tariffs starting at 25% but capped at 15% under an EU agreement, despite Trump’s earlier mention of rates up to 200%. US President Donald
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EU halts trade countermeasures following US agreement
The suspension is effective from today, 6 August 2025. The European Union has published Commission Implementing Regulation (EU) 2025/1727 of 5 August 2025 in the Official Journal of the European Union on 5 August 2025, which suspends the
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US imposes 50% tariffs on India for Russian oil trade
President Trump imposed an additional 25% tariff on top of the existing 25% tariff on Indian goods, citing India’s high tariffs, trade barriers, ties with Russia, and imports of Russian oil. US President Donald Trump issued an executive order
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Brazil updates e-invoicing layouts
The government’s Technical Note 2025.002 version 1.20 updates the e-invoicing layouts and reviewing version 1.10 to align with the upcoming IBS/CBS indirect tax model under the tax reform. Brazil’s government has issued Technical Note
See MoreSwitzerland signals willingness to revise US offer in response to heavy tariffs
Switzerland plans to revise its trade offer following the US announcement of 39% import tariffs amid rising economic concerns. The Swiss government is preparing to revise its offer to the USÂ following the announcement of 39% import tariffs set
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