Dominican Republic repeals digital services tax on foreign platforms
President of the Dominican Republic Luis Abinader issued Decree 30-25, which was published in Official Gazette No. 11186 on 25 January 2025. The decree required foreign digital platforms operating in the Dominican Republic to register with the
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Ecuador cuts VAT on tourism services for carnival holiday
Ecuadorian President Daniel Noboa has enacted Executive Decree No. 542 on 24 February 2025, temporarily lowering the Value Added Tax (VAT) rate to 8% for tourism-related services during the Carnival holiday period from 1 March to 4 March
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Brazil: Federal Revenue launches pilot program Receita Sintonia to encourage tax compliance
The Brazilian Federal Revenue Service (RFB) published Ordinance RFB No. 511/2025 on Monday, establishing the pilot phase of the Receita Sintonia Programme. The initiative aims to encourage companies to comply with tax and customs obligations by
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Costa Rica seeks public input on tobacco products taxation proposal
The Costa Rican Tax Administration (DGT ) has published a draft resolution for public consultation to amend Resolution DGT-R-006-2012, which governs the taxation of tobacco products. The draft resolution was published on 26 February 2025. This
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Costa Rica opens consultation on vape products tax refund
The Costa Rican Tax Administration (DGT) has released a draft resolution for public consultation on changes to Resolution DGT-R-05-2022, which governs the tax return for the specific tax established by Law 10066 on vape products. The draft
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Argentina: Withholding tax and VAT exemptions on imports ends on March 2025
Argentine tax authority (ARCA) has issued General Resolution (RG) 5655/2025 on 28 February 2025. Advance income tax (6%) and VAT (up to 20%) are usually collected on imported goods, though taxpayers can apply for an exclusion certificate to avoid
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US raises tariffs on Chinese goods
US President Donald Trump signed an Executive Order on 3 March 2025, increasing tariffs on Chinese products from 10% to 20%. The order amends previous actions targeting the synthetic opioid supply chain and cites China's insufficient efforts to curb
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US: Treasury suspends Corporate Transparency Act enforcement against citizens, domestic reporting companies
The US Department of the Treasury announced, on 2 March 2025, with respect to the Corporate Transparency Act, that it will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing
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Canada retaliates with 25% tariffs on US products
In a retaliatory move, Canada’s Prime Minister Justin Trudeau, in a statement and a post on X, announced that Canada will implement 25% tariffs on CAD 155 billion of American products. This follows after US President Donald Trump’s new 25%
See MoreCanada: Nunavut presents 2025-26 budget, no income or corporate tax hikeÂ
Canadian province, Nunavut’s Finance Minister Lorne Kusugak delivered the province’s 2025-26 budget on 24 February 2025. The key aspect of the 2025-26 budget is it includes no increases to corporate or income taxes. However, the federal
See MoreUS: Trump’s tariffs enters into force, Canada and China announces retaliationÂ
US President Donald Trump’s new 25% tariffs on imports from Canada and Mexico, and 20% tariffs on Chinese imports entered into force today, 4 March 2025, raising fears of trade conflicts with the top three US trading partners. In response,
See MoreCanada: Alberta presents tax measures for 2025 budget
Alberta’s Finance Minister Nate Horner has presented the province’s budget for 2025 on 27 February 2025. Alberta is facing its first deficit since 2020-21, with no clear plan yet to return to a surplus. The province anticipates a CAD 5.2
See MoreUS: FinCEN won’t impose fines or penalties for missing beneficial ownership information reporting deadlines
The US Treasury Financial Crimes Enforcement Network (FinCEN) has announced, on 27 February 2025, that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update
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Curacao announces tax treaty plans for 2025Â
Curacao's Ministry of Finance has released its Tax Treaty Negotiation Plan 2025. Curacao aims to begin new tax treaty negotiations with Brazil, Barbados, and Luxembourg while renegotiating treaties with Qatar and Jamaica to meet BEPS minimum
See MoreUS: Wyoming raises exemption for business personal property tax
Wyoming’s Governor Mark Gordon has signed the bill (S.F. 48) on 24 February 2025, which increased the property tax exemption for personal business property from USD 2,400 to USD 75,000 in fair market value per county. The new threshold takes
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Ecuador establishes new mining annex reporting rule
Ecuador's Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC25-00000004 of 20 February 2025, outlining the rules for the new Mining Annex (Anexo Minero). The Annex collects data on metallic and non-metallic mineral exploration,
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US: IRS releases 2025 dirty dozen tax scams list
The US Internal Revenue Service (IRS), in a release IR-2025-26 on 27 February 2025, announced its annual Dirty Dozen list of tax scams for 2025 with a warning for taxpayers, businesses and tax professionals to watch out for common schemes that
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Brazil initiates pilot program for rewarding compliant taxpayers
Brazil has introduced the Receita Sintonia pilot program, established by RFB Ordinance No 511 of 19 February 2025, to encourage corporations and nonprofits to improve their tax compliance, reduce disputes, and improve transparency. The program
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