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
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US: 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
See MoreUS: House Republicans call on President Trump to advocate ending UK DST
The letter mentions that, since 2020, the UK Digital Services Tax has collected over USD 3 billion, diverting economic profit from American innovators and workers to foreign coffers. US Congressman Ron Estes (R-Kansas) led 21 of his colleagues in
See MoreCanada: Central bank cuts interest rate to 2.50%
Bank of Canada lowered interest rate amid economic slowdown Canada’s central bank, the Bank of Canada, lowered its key interest rate by 25 basis points to 2.50% on Wednesday, 17 September 2025, marking its first rate cut since March. The
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Paraguay introduces tax incentives for electronics manufacturing, digital equipment
Paraguay’s Law No. 7546/2025 boosted investment and jobs in electronics and digital equipment. Paraguay has enacted Law No. 7546/2025, published on 8 September 2025 and effective from 9 September 2025, to promote investment and formal
See MoreUS: IRS announces tax relief to Wisconsin storm, flooding, and mudslides victims
Wisconsin taxpayers now have until 2 February 2026 to file various federal individual and business tax returns and make tax payments. The US Internal Revenue Service (IRS) released WI-2025-04 on 17 September 2025, in which it announced tax relief
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Brazil, Cyprus consider starting tax treaty negotiations
Any resulting tax treaty will be the first such treaty between Brazil and Cyprus. Brazil and Cyprus have taken a step toward strengthening their bilateral relations by expressing mutual interest in initiating negotiations for a tax
See MoreMexico: Tax authority publishes updated list of foreign digital service providers registered for tax
Tax authority on 15 September 2025 published an updated list of 268 registered foreign digital service providers. Mexico’s tax authority released an updated list of 268 foreign digital service providers registered for tax purposes on 15
See MoreUS: Treasury, IRS adds 39 substances to superfund list subject to excise taxÂ
These additions will generally take effect for tax purposes starting 1 January 2026, while the specific effective dates for refund claims under section 4662(e) are detailed individually for each substance. The US Treasury Department and Internal
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