US President Donald Trump has said he will follow through with his threat to impose a 25% border tax or tariffs on imports from Canada and Mexico starting tomorrow, 1 February 2025. However, Trump has said he is yet to decide whether oil imported

The Idaho State Tax Commission has confirmed, on 23 January 2025, that Idaho will participate in the IRS Direct File Programme starting with the 2025 tax filing season. Idaho expects to process over 1.03 million income tax returns in 2025. An

The US Internal Revenue Service (IRS) has issued IR-2025-18 on 27 January 2025, announcing the opening of  the 2025 tax filing season and is accepting and processing federal individual tax year 2024 returns. During the early morning opening, IRS

Hungary’s Prime Minister Viktor Orbán has authorised negotiations for a new income tax treaty with the US. The new tax treaty between the two nations is aimed at avoiding and preventing double taxation in the field of income taxes. In July

The US Supreme Court on 23 January 2025 approved the government's request to lift a nationwide injunction previously issued by a federal judge in Texas. The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued an

The US Supreme Court has declined to review two notable cases from Disney on 21 January 2025, upholding a New York ruling that bars companies from deducting payments to foreign affiliates for intellectual property under a state law from 2003 to