OECD responds to G7 statement on US exemption from global minimum tax
The G7's side-by-side arrangement aims to limit corporate tax competition, protect government tax bases, and provide businesses with stable, predictable international tax frameworks. The OECD Secretary-General issued a statement on 28 June 2025
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Mexico releases updated list of 260 registered foreign digital service providers
Between January 2024 and April 2025, 59 foreign digital service providers were added to Mexico's Federal Taxpayer Registry (RFC), increasing the total from 201 as of 31 December 2023. Mexico’s tax authority published a new list of foreign
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Brazil, Guernsey TIEA enters into force
The agreement covers criminal tax matters and other tax matters for taxable periods starting or charges arising from that date. The Guernsey government has announced that the tax information exchange agreement (TIEA) with Brazil took effect on 13
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Chile clarifies conditions for indirect asset disposal tax exemption
The tax authority’s clarification involves addressing the tax implications of an Australian business group's indirect disposal of underlying assets in Chile. Chile’s tax authority (SII) issued Letter Ruling No. 1154 on 19 June 2025,
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Canada withdraws 3% digital services tax to revive US trade talks
Canada canceled its planned 3% digital services tax on US tech firms to revive stalled trade talks between Prime Minister Mark Carney and President Donald Trump. According to Canada's finance ministry, Canada scrapped its 3% digital services tax
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US: Trump’s ‘One Big Beautiful Bill’ advances in the Senate with amendments
The amended text temporarily raises the SALT cap to USD 40,000, accelerates the phase-out of green energy credits, and eliminates proposed Tax Code Section 899 on foreign tax remedies. The Senate Budget Committee Chairman, Lindsey Graham,
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Luxembourg: Chamber of Deputies approves tax treaty protocol with Argentina
The protocol signed on 25 October 2024 marks the first amendment to the treaty, which has yet to enter into force. Luxembourg's Chamber of Deputies has approved the 2024 protocol amending the 2019 Argentina-Luxembourg Income and Capital Tax
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US: ETAAC 2025 Report presents recommendations to Congress and IRS
ETAAC advised the IRS to enhance security and combat fraud by updating tax return forms, reviewing e-File reject codes, promoting information sharing, and advancing digital taxpayer interactions. The US Internal Revenue Service (IRS) issued
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US to drop ‘Unfair Foreign Taxes’ from budget bill, G7 to exempt US companies from Pillar Two
The US Treasury and G7 nations agreed to exempt US companies from Pillar Two taxes in exchange for removing section 899 from the "One Big Beautiful Bill". US Treasury Secretary Scott Bessent announced, on 27 June 2025, that the US has reached
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Vietnam nears US trade deal ahead of tariff deadline
Vietnam seeks to finalise a US trade deal by 9 July 2025 to avoid tariffs while balancing relations with the US and China. Vietnamese Prime Minister Pham Minh Chinh said on 26 June 2025 that Vietnam is close to finalising a trade deal with
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US: Maine to broaden sales tax to include digital content
Maine's new budget law will impose a 5.5% sales tax on streaming platforms and digital services starting 1 January 2026. Maine Governor Janet Mills signed a new budget law (LD 210) on 23 June 2025, which expands the state’s sales tax to include
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US: Supreme Court declines to expedite trump tariffs case
The US Supreme Court declined to fast-track the case challenging Trump's use of tariff powers under the IEEPA. The US Supreme Court has declined a request on 20 June 2025, to fast-track the case challenging President Donald Trump's extensive use
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US: IRS offers tax relief to Missouri flood and storm victims
The tax filing and payment deadline has been extended to 3 November 2025 for Missouri taxpayers. The US Internal Revenue Service (IRS) issued MO-2025-01 on 25 June 2025, announcing tax relief for individuals and businesses in parts of Missouri
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US: Washington expands B&O tax disclosure to cover investment income
Washington expands B&O Tax Voluntary Disclosure from July 2025 to cover unreported investment income with penalty relief. Washington State will expand its Business & Occupation (B&O) Tax Voluntary Disclosure Program to cover
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Ecuador removes Andorra from tax haven list
Ecuador's SRI removes Andorra from tax haven list effective 16 June 2025 under new resolution. The Ecuador Internal Revenue Service (SRI) has issued Resolution No. NAC-DGECCGC25-00000013, amending its list of tax havens and preferential tax
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Bolivia extends deadlines for 2024 financial statement, beneficiary reporting
The 2024 tax report deadline has been extended to 30 June 2025. Bolivia's National Tax Service (SIN) issued Resolution No. 102500000028 on 12 June 2025, extending the deadline for submitting 2024 fiscal year reports to 30 June 2025. The
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Canada revises aluminium and steel tariffs, introduces steel quotas amid US trade pressure
Canada will adjust counter-tariffs on US aluminium and steel imports from 21 July 2025 to protect its industry. Tariff-rate quotas on non-FTA steel imports, set at 2024 levels, will be applied retroactively and reviewed after 30 days to prevent
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Chile: SII consults on appointment of business group representatives for Chilean entities
The SII is considering whether business groups with a single Chilean subsidiary or multiple Chilean entities under a foreign parent must appoint a common representative. Chile’s tax authority (SII) launched a consultation on whether business
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