Ecuador: SRI issues new special taxpayer list with stricter rules
Ecuador's SRI updates special taxpayer list with stricter e-invoicing rules effective June 1 under new resolution. The Ecuadorian Tax Administration (SRI) has issued an update to its list of special taxpayers. This update was made under
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US: IRS offers tax relief to Oklahoma wildfire and storm victims
The IRS announced tax relief for individuals and businesses in parts of Oklahoma affected by wildfires and straight-line winds starting on 14 March 2025. Impacted taxpayers have until 3 November 2025 to file federal tax returns and make
See MoreUS: IRS offers tax relief to Missouri wildfire and storm victims
The IRS announced tax relief for Missouri residents and businesses affected by severe storms, tornadoes, and wildfires starting on 14 March 2025. Impacted taxpayers have until November 3, 2025, to file federal tax returns and make payments. The
See MoreUS: IRS offers tax relief to Texas storm victims
The IRS has announced tax relief for individuals and businesses in parts of Texas impacted by severe storms and flooding starting on 26 March 2025. Affected taxpayers have until 3 November 2025 to file tax returns and make payments. The US
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Argentina launches streamlined pre-filled VAT return system
ARCA introduced a simplified VAT return system, IVA Simple, on 2 June 2025 to streamline VAT filing. Argentina’s tax authority (ARCA) introduced a new simplified VAT return system (IVA Simple) on 2 June 2025
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Brazil: Government poised to support 10% reduction in tax breaks
Brazil's government is expected to back a bill proposing a 10% reduction in federal tax breaks, with a 5% cut in 2025 and another 5% in 2026. Brazil's government is likely to support a bill for a 10% cut to federal tax breaks, multiple sources
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US extends Section 301 tariff exemptions on Chinese imports through August 2025
The USTR has extended certain product exclusions from Section 301 tariffs on Chinese imports until 31 August 2025. The Office of the US Trade Representative (USTR) has announced an extension of specific product exclusions from Section 301 tariffs
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Dominican Republic sets e-invoicing deadline for small and unclassified taxpayers
The Dominican Republic requires all taxpayers, including micro and small businesses, to adopt electronic invoicing by 15 May 2026. The Dominican Republic’s General Directorate of Internal Taxes (DGII) issued Notice 14-25 on 4 June
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Colombia updates self-withholding tax rates starting June 2025
Colombia revises self-withholding tax rates from 1 June 2025, with new sector-based rates and payment thresholds. Colombia’s Ministry of Finance has issued Decree No. 0572 on 28 May 2025, updating the self-withholding tax rates for a broad
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Bolivia becomes 172 member of Global Forum on Transparency and Exchange of Information for Tax PurposesÂ
Bolivia becomes the 172nd member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. The OECD announced on 4 June 2025 that Bolivia has joined the Global Forum on Transparency and Exchange of Information for Tax
See MoreUS: IRS offers assistance for taxpayers missing the filing deadline
The IRS announced resources for taxpayers who missed the 15 April tax filing deadline, offering guidance for handling owed taxes, interest, and penalties. The US Internal Revenue Service (IRS) released IR-2025-66 on 9 June 2025, highlighting
See MoreUS: IRS reminds taxpayers due date of second quarter estimated tax payment of 16 June
The IRS issued a reminder that the second quarter 2025 estimated tax payment is due on 16 June 2025. The US Internal Revenue Service (IRS) issued IR-2025-65 on 6 June 2025, reminding taxpayers that the second quarter 2025 estimated tax payment is
See MoreColombia updates withholding and self-withholding tax rates
Colombia updates income tax withholding rates and thresholds, effective 1 June 2025. Colombia’s National Government released Decree 0572 of 2025 on 28 May 2025, which updated the income tax self-withholding rates and revised minimum withholding
See MoreUS: IRS issues interim guidance on simplified option for CAMT calculation
The guidance offers a simplified method to determine "applicable corporation" status under IRC Sec. 59(k), increasing minimum thresholds and waiving some estimated tax penalties. The US Internal Revenue Service (IRS) issued Notice 2025-27,
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US: Trump imposes 50% tariffs on steel and aluminium imports
The Trump Administration has increased tariffs on US imports of steel, aluminium, and derivatives from 25% to 50%, effective 4 June 2025. Tariffs on UK imports remain at 25%. The Trump Administration has doubled the tariffs on US imports of
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Luxembourg: Council of State approves tax treaty protocol with Argentina
Luxembourg's Council of State approved the ratification of the 2019 tax treaty protocol with Argentina on 3 June 2025. Luxembourg's Council of State approved the ratification of the amending protocol to the 2019 income and capital tax treaty
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Chile confirms end date for Costa Rica’s preferential tax regime status
Chile’s tax Administration (SII) confirmed that Costa Rica is not considered a preferential tax regime under the Income Tax Law. Chile’s tax authority (SII) issued Letter Ruling No. 1007 on 22 May 2025 regarding when Costa Rica ceased to be
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Mexico objects US tax on cross-border remittancesÂ
The One, Big, Beautiful Bill (Act), which is now under Senate review, proposes a 3.5% tax on all remittances sent by non-US citizens to foreign countries, regardless of the transfer amount. The US House of Representatives passed the One,
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