US: IRS extends filing, payment deadlines for taxpayers impacted by ongoing conflict in Israel
IRS is providing separate but overlapping relief to taxpayers who may be unable to meet a tax-filing or tax-payment obligation, or may be unable to perform other time-sensitive tax-related actions. The US Internal Revenue Service (IRS) announced,
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US: Treasury, IRS issue guidance on rural opportunity zone investments under the One, Big, Beautiful Bill
The guidance provides clarification on rural Qualified Opportunity Zone investments, which offer tax incentives to encourage economic growth and job creation in underserved areas. The US Department of the Treasury and the Internal Revenue Service
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US: IRS issues interim guidance on corporate alternative minimum tax (CAMT)
The two notices, Notice 2025-46 and Notice 2025-49, on 30 September 2025, provide interim guidance on the corporate alternative minimum tax (CAMT). The US Internal Revenue Service (IRS) issued two notices, Notice 2025-46 and Notice
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US: IRS, Treasury announce reduced user fees for tax professionals applying for or renewing PTINs, initiates public consultations
The US Treasury and IRS announced interim final regulations and a proposed rule to lower the user fee for tax professionals applying for or renewing a PTIN. The Department of the Treasury and the Internal Revenue Service (IRS) issued IR-2025-95
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US: Trump imposes 10% tariff on lumber, 25% on furniture and cabinets
Trump argued that these imports were undermining the US economy by threatening domestic wood mills, disrupting supply chains, and reducing the utilisation of American wood industries. US President Donald Trump signed a presidential proclamation
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US introduces ‘platinum card’ visa permitting 270-day stay with no foreign income tax
The Trump Platinum Card will allow individual applicants to reside in the US for up to 270 days per year without being subject to tax on non-US income. The US has unveiled plans for a "Platinum Card" that would enable foreign nationals to stay in
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Lesotho Trade Minister: US to extend Africa trade agreement for an additional year
This trade agreement provides African nations with preferential access to US markets. Lesotho's Trade Minister, Mokhethi Shelile, said, on 24 September 2025, that the US is planning to extend the African Growth and Opportunity Act (AGOA) by one
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US imposes 100% tariffs on branded pharmaceuticals, adds new tariffs on trucks and furniture
The Trump administration announced sweeping tariffs effective 1 October 2025, including a 100% duty on branded pharmaceuticals and 50% tariffs levied on trucks, cabinets, vanities, and 30% tariffs on upholstered furniture. President Donald
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US: Commerce Department launches tariff investigations on medical devices, robotics, machinery
The US Department of Commerce launched Section 232 investigations into imports of medical supplies, PPE, robotics, industrial machinery, and critical materials to assess domestic supply and foreign trade impacts, potentially raising tariffs. The
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US: IRS to end paper refund checks for individual taxpayers
The IRS and the Treasury announced that paper tax refund checks for individual taxpayers will be phased out starting 30 September 2025. The US Internal Revenue Service (IRS), working with the US Department of the Treasury, announced on 23
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Canada: PM Carney confirms US trade discussions to shift into USMCA review stage
Prime Minister Mark Carney stated that trade talks with the U.S. are ongoing, with several unresolved issues set to be addressed in the upcoming USMCA review. Canada’s Prime Minister Mark Carney announced yesterday, 23 September 2025, that
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US: IRS grants drought-related tax relief for farmers, ranchers across 49 states and beyond
Eligible farmers and ranchers whose drought-sale replacement period was scheduled to expire at the end of 2025 will have until the end of their next tax year to replace the sold or exchanged livestock. The US Internal Revenue Service (IRS) issued
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US: Treasury, IRS release guidance on tip-eligible occupations under One, Big, Beautiful Bill (OBBBA)
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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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
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US: Commerce Department moves to broaden Section 232 steel, aluminium tariffs
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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US: 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
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