Taiwan confirms temporary 20% US tariff, highlights ongoing chip tariff talks
Taiwan President Lai Ching-te said the new 20% US tariff on Taiwanese imports is "temporary” and plans to negotiate for a lower rate. Taiwan President Lai Ching-te stated that the U.S. government’s new 20% tariff on Taiwanese imports,
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US cuts tariff on Bangladeshi imports to 20%
The US has lowered its tariff on imports from Bangladesh to 20%, down from the previous steep rate of 35%. The US has reduced its reciprocal tariff rate on imports from Bangladesh to 20%, down from the previous 35%, following intense final
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US: Trump raises tariff on Canada to 35%
Goods transshipped to evade the 35% tariff will be subject, instead, to a transshipment tariff of 40%. US President Donald Trump signed an executive order on 31 August 2025, raising tariffs on Canadian goods from 25% to 35% for products not
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US: New Jersey adopts graduated rates for property interest transfers
The new law replaces the flat 1% fee on transfers over USD 1 million with a graduated rate from 1% for transfers under USD 2 million up to 3.5% for transfers above USD 3.5 million. New Jersey’s governor has signed the Fiscal Year 2026 Budget
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US: Trump administration imposes 10%–41% reciprocal tariffs on multiple countries
The development follows Trump’s warning that countries failing to reach a trade deal with the US by 1 August would face higher export tariffs. US President Donald Trump signed an executive order on 31 July 2025, imposing high tariffs on exports
See MoreBangladesh: Government approves purchase of 220k metric tons of wheat from US to ease trade tensions
This government-to-government deal is part of Bangladesh’s efforts to reduce trade tensions with the US and avoid high tariffs on its exports. Bangladesh has approved the purchase of 220,000 metric tons of wheat from the US for USD 302.75 per
See MoreUS: Treasury publishes list of countries requiring cooperation with an international boycott with no changes
The list includes Iraq, Kuwait, Lebanon, Libya, Qatar, Saudi Arabia, Syria, and Yemen. The US Department of the Treasury published a notice in the Federal Register on 31 July 2025, listing countries that may require participation or
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US announces 25% tariff on India, cites trade barriers and Russian ties
The new tariffs will enter into force on 1 August 2025. The Trump Administration will impose 25% tariffs on Indian imports, citing India's high tariffs, trade barriers and ongoing defence and energy ties with Russia. US President Donald Trump
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Costa Rica postpones launch of new digital tax platform
The launch of the new digital tax platform has been rescheduled to 6 October 2025. Costa Rica’s Tax Administration (DGT) has announced that the launch of the new digital tax platform, “TRIBU-CR,” has been postponed from 4 August to 6
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US: Trump to set 15% tariff on South Korean imports under new trade deal
President Trump announced a reduced 15% tariff on South Korean imports, down from a planned 25%, as part of a new trade deal. US President Donald Trump announced a reduced 15% tariff on imports from South Korea on 30 July 2025, down from the
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Bolivia: National Tax Service extends filing deadlines for corporate tax, transactions declarations
Corporate tax returns for tax years ending 31 March 2025 are now due by 29 August 2025. Bolivia’s National Tax Service (SIN) issued Resolution No. 102500000032 on 28 July 2025, in which it extended filing deadlines for corporate income tax
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US: Trump administration imposes 50% tariffs on Brazilian imports
The new tariffs will take effect on 6 August 2025. US President Donald Trump imposed 50% tariffs on most Brazilian imports on 30 July 2025. However, key sectors like aircraft, energy, orange juice, pig iron, and fertilisers will be
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Mexico updates list of registered foreign digital service providers
Mexico’s July update lists 266 foreign digital providers registered for VAT as of 30 June 2025. Mexico’s tax administration released an updated list on 25 July 2025, identifying 266 foreign digital service providers registered for tax
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Dominican Republic updates inflation multipliers, exchange rates for FY 2025
The Dominican Tax Authority has issued Resolution No. DDG-AR1-2025-00005, announcing inflation adjustments and exchange rates for companies with a fiscal year ending 30 June 2025. The Dominican Republic’s General Directorate of Internal Revenue
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US: IRS issues temporary CAMT guidance for partnerships, new rules expected
The IRS issued interim guidance on applying the Corporate Alternative Minimum Tax (CAMT) to partnerships and announced plans to revise and replace the September 2024 proposed regulations. The US Internal Revenue Service (IRS) issued Notice
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Colombia launches tax incentives for sports investments
The law allows taxpayers to fund recognised sports activities in exchange for tradable income tax credits. Colombia’s Congress has enacted Law 2490-2025, effective 17 July 2025, introducing income tax incentives for individuals and entities
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Colombia proposes comprehensive tax reforms to stimulate economy
The draft bill offers VAT exemptions for hotels and renewable energy, vehicle tax penalty discounts, debt relief for low-income electricity users, and a traffic fine amnesty through 2024. Colombia has published Bill No. 507 of 2025 in the
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Chile waives interest and penalties for some non-resident taxpayers over technical glitch
The full waiver of interest and penalties only applies to non-resident taxpayers who submitted their digital VAT forms by 25 July 2025. Chile's Tax Administration (SII) has issued Resolution Ex. SII No. 89-2025 on the SII website on 22 July
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