Argentina: ARCA issues final reminder on asset regularisation regime deadline
The Argentine Tax Collection and Customs Control Agency (ARCA) reminds taxpayers that Phase 3 of the Asset Regularisation Regime, established under Law No. 27,743, will conclude on 7 May 2025. This announcement was made by ARCA on 21 April
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Brazil reportedly plans to offer tax breaks to attract data centres
Brazil’s Finance Minister Fernando Haddad will be heading to Silicon Valley in the US this week in a bid to lure data centres to Brazil by offering federal tax exemptions on related tech investments, according to sources familiar with the
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US: IRS revises practice unit on home office, stewardship deductions for US branches of foreign firms
The US Internal Revenue Service (IRS) has updated its international practice unit, Section 861 - Home Office and Stewardship Expenses, on 28 March 2025, focusing on the deductibility of home office and stewardship expenses by a US branch of a
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US: Customs and Border Protection imposes new tariffs on Chinese imports
The US Customs and Border Protection (CBP) issued an amended notice on 24 April 2025 announcing additional duties on products from China and Hong Kong following President Donald Trump's Executive Orders 14256, 14259, and 14266. The notice was
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China reportedly exempts select US imports from tariffs
China has reportedly exempted certain US imports from its 125% tariffs and is urging companies to identify essential goods that should be exempt from tariffs. However, they are yet to make any public statements regarding the matter. The Trump
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US: Treasury publishes list of countries requiring cooperation with an international boycott
The US Department of the Treasury published a notice in the Federal Register on 25 April 2025, listing countries that may require participation or cooperation in an international boycott. The list includes Iraq, Kuwait, Lebanon, Libya, Qatar,
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US: IRS reminds tax-exempt organisations of key forms before the 15 May 15 deadline
The US Internal Revenue Service (IRS) has issued IR-2025-54 on 25 April 2025, highlighting important forms and topics to ensure successful and timely filing as the 15 May 2025 filing deadline approaches for tax-exempt organisations. The annual
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US: Trump reportedly plans to cut billions from programmes in 2026 budget proposal
The Trump Administration is planning to cut billions from child care, health research, education, and housing programmes in its 2026 budget proposal, which is being finalised by the White House's Office of Management and Budget, according to a New
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EU, US remain far from reaching a tariff agreement
The EU Economic Commissioner, Valdis Dombrovskis, stated on Friday, 25 April 2025, that the United States and the European Union still have work to do to reach a deal that avoids tariffs on each other's goods. The US has imposed 25% tariffs on EU
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Cyprus, Curacao sign income tax treaty
The Cyprus Ministry of Finance has signed an income tax treaty with Curacao on 23 April 2025. The agreement aims to eliminate double taxation on income and prevent fiscal evasion between the two nations. The agreement is based on the OECD Model
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US: Arkansas offers tax credits for headquarters relocations and automation investments
Arkansas Governor Sarah Huckabee Sanders signed new legislation on 17 April 2025, which introduces tax incentives to attract corporate headquarters and encourage modernisation investments. Tax credits for new corporate headquarters
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US: IRS issues guidance on APA submission review
The US Internal Revenue Service (IRS) Large Business and International (LB&I) division released memorandum LB&I-04-0425-0005 on 22 April 2025, which reissues interim guidance LB&I-04-0423-0006 on 25 April 2023. This
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US: Oregon, 11 States file lawsuit against Trump Administration over tariffs
The Oregon Attorney General has announced a multi-state lawsuit filed on 23 April 2025, challenging the Trump Administration's executive orders to raise tariffs globally without congressional approval. The case is led by Oregon Attorney General
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Brazil: Senate approves tax treaty protocol with Sweden
Brazil’s Senate approved the ratification of the amending protocol to the 1975 income tax treaty with Sweden on 23 April 2025. Signed on 19 March 2019, the protocol updates the treaty to meet minimum BEPS standards and introduces other changes.
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US: Trump warns Canada auto tariff could rise above 25%
The US 25% tariffs imposed on cars imported from Canada could be further increased, said President Donald Trump yesterday, 23 April 2025. "When I put tariffs on Canada - they're paying 25% - but that could go up, in terms of cars. All we're doing
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US: IRS, Treasury to scrap basis shifting transaction of interest rules
The US Department of the Treasury and Internal Revenue Service (IRS) issued Notice 2025-23 on 17 April 2025, announcing plans to propose removing the basis shifting transactions of interest regulations (T.D. 10028) originally issued on 14 January
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Argentina sets rules for using reconstruction bonds to pay taxes and customs debts
Argentina’s tax authority (ARCA) has announced the regulations for companies and individuals to use Bonds for the Reconstruction of a Free Argentina (BOPREAL) to settle tax and customs debts through General Resolution 5675/2025 on 16 April
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US: Indiana approves 10% property tax credit
Indiana’s Governor Mike Braun (R) signed Senate Bill SB 1 into law on 15 April 2025, introducing significant tax relief measures for Indiana residents and businesses. The legislation provides homeowners with a property tax credit while raising
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