Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Brazilian exporters must consider implications of latest US tariffs
Brazilian exporters are being urged to assess the impact of the latest US tariff measures on their trade flows and competitiveness. The article highlights how new or revised US tariffs on Brazilian goods could affect export volumes, pricing, and supply chain decisions. Key sectors potentially impacted include agriculture, steel, and manufactured goods. Exporters are advised to review tariff classifications, consider trade agreement implications, and evaluate whether supply chain restructuring or alternative market strategies are warranted in response to the evolving US trade policy environment.
Trump Issues 50% Tariffs on Canada Ahead of Gordie Howe Bridge Opening
President Trump announced 50% tariffs on Canadian imports, coinciding with the opening of the Gordie Howe International Bridge connecting Windsor, Ontario and Detroit, Michigan. The tariff escalation represents a significant trade policy development with major implications for cross-border commerce between the US and Canada. The timing is notable given the bridge's role as a critical trade corridor. The measure continues a pattern of aggressive US trade actions and will substantially affect businesses engaged in US-Canada cross-border supply chains and customs compliance.
Herzfeld: Mocking Up the Digital Services Tax War Games
Mindy Herzfeld analyzes the ongoing geopolitical tensions surrounding digital services taxes (DSTs), examining how countries imposing DSTs on large technology companies face retaliatory trade measures from the United States. The piece explores strategic scenarios and negotiating dynamics between the US and DST-imposing nations, considering how the interplay of trade policy and tax policy shapes outcomes. It provides practitioners and policymakers with a framework for understanding the escalating 'war games' around DSTs, including potential resolutions and the broader implications for international tax reform efforts under Pillar One and Two discussions.
US finalises 25% tariffs on certain Brazilian imports under Section 301
The United States has finalized 25% tariffs on certain imports from Brazil under Section 301 of the Trade Act. Section 301 allows the US Trade Representative to impose tariffs in response to unfair trade practices. These measures directly affect the cost of Brazilian goods entering the US market, with significant implications for importers, supply chains, and bilateral trade relations. The tariffs represent a customs and trade enforcement action that will require affected businesses to reassess sourcing strategies, classify impacted goods, and consider duty mitigation options such as exclusions or alternative supply arrangements.
CIT Issues Order with Specific Updates Related to CAPE Phase 3 Finally Liquidated Entry Eligibility for IEEPA Refunds
The Court of International Trade (CIT) has issued an order with specific updates regarding CAPE Phase 3 and finally liquidated entry eligibility for IEEPA (International Emergency Economic Powers Act) refunds. This ruling addresses which customs entries qualify for refunds under IEEPA tariff provisions, clarifying eligibility criteria for importers seeking to recover duties paid. The decision has significant implications for companies that have had entries finally liquidated under Customs procedures, affecting their ability to claim refunds on tariffs imposed under IEEPA authority. This development is part of ongoing litigation surrounding IEEPA-based trade measures and associated duty refund claims.
IEEPA Tariff Refund Update: CIT Will Order Reliquidation of Some Finally Liquidated Entries
The Court of International Trade (CIT) is set to order reliquidation of certain finally liquidated entries related to IEEPA tariffs, potentially resulting in refunds for importers. This development follows legal challenges to tariffs imposed under the International Emergency Economic Powers Act (IEEPA), with the court addressing how Customs and Border Protection must handle entries that have already been liquidated. Importers affected by these tariffs should monitor reliquidation orders closely, as the ruling could open pathways to recover duties paid on qualifying entries during the relevant period.
Imported Carbon Border Adjustment (CBAM) goods that may not contribute towards the registration threshold
UK government guidance detailing which imported CBAM goods may not count toward the CBAM registration threshold. The Carbon Border Adjustment Mechanism imposes a carbon price on imports of certain carbon-intensive goods into the UK, and this guidance clarifies exemptions or exclusions from threshold calculations. Businesses importing steel, aluminium, cement, fertilisers, hydrogen, ceramics, and glass need to understand which goods are excluded to determine their registration obligations accurately. This is directly relevant to tax and compliance teams managing UK CBAM liability.
Check if you’re classed as the importer for Carbon Border Adjustment Mechanism (CBAM)
UK government guidance helping businesses determine whether they qualify as the 'importer' under the Carbon Border Adjustment Mechanism. CBAM places a carbon levy on certain imported goods, and correctly identifying the importer is critical for compliance and liability purposes. The guidance covers scenarios involving customs agents, indirect representatives, and supply chain arrangements to clarify who bears the CBAM reporting and payment obligations. This is essential reading for UK importers, customs brokers, and tax compliance teams dealing with carbon-intensive goods.
Guidance: Check which goods are in scope of Carbon Border Adjustment Mechanism (CBAM)
UK government guidance outlining which goods fall within the scope of the UK Carbon Border Adjustment Mechanism. CBAM applies a carbon price to imports of specific carbon-intensive products including iron, steel, aluminium, cement, fertilisers, hydrogen, ceramics, and glass. The guidance helps businesses identify affected commodity codes and assess their CBAM compliance obligations. Understanding in-scope goods is the foundational step for importers to determine registration requirements, reporting duties, and carbon cost liabilities under the UK regime.
Keeping records for Carbon Border Adjustment Mechanism (CBAM)
UK government guidance on record-keeping obligations for businesses subject to the Carbon Border Adjustment Mechanism. Importers of in-scope carbon-intensive goods must maintain accurate records to support CBAM declarations, including data on embedded carbon emissions, supplier information, and carbon prices paid in country of origin. Proper documentation is essential for calculating CBAM liability and claiming any applicable carbon price relief. This guidance is directly relevant to tax and compliance functions managing CBAM regulatory requirements.
Work out your Carbon Price Relief
UK government guidance explaining how businesses can calculate Carbon Price Relief under the Carbon Border Adjustment Mechanism. CBAM importers may be entitled to reduce their UK carbon levy liability where a carbon price has already been paid in the country of origin of the imported goods. The guidance sets out the methodology for working out the relief, including acceptable carbon pricing evidence and calculation steps. This is directly relevant to tax teams seeking to minimise CBAM costs through foreign carbon pricing credits.
What you need to work out Carbon Price Relief
UK government guidance explaining the requirements and calculations needed to claim Carbon Price Relief, which provides relief on the UK Emissions Trading Scheme (ETS) or Carbon Price Support (CPS) costs embedded in imported goods. This is directly relevant to the UK's Carbon Border Adjustment Mechanism (CBAM) framework, helping businesses determine eligible relief amounts based on carbon pricing already paid in the country of origin, thereby avoiding double taxation on carbon costs for qualifying imports.
Get a carbon pricing verification form
UK government guidance on obtaining a carbon pricing verification form, required for businesses seeking Carbon Price Relief on goods imported into the UK. The verification form serves as official documentation confirming that carbon pricing costs have been incurred in a qualifying overseas scheme, a prerequisite for claiming relief under the UK's Carbon Border Adjustment Mechanism. This procedural guidance is part of HMRC's administrative framework for managing carbon-related tax relief claims on cross-border trade.
Check if your goods have been subject to a qualifying carbon pricing scheme
UK government guidance helping importers determine whether their goods have been subject to a qualifying carbon pricing scheme overseas, a key eligibility requirement for claiming Carbon Price Relief under the UK's Carbon Border Adjustment Mechanism. Businesses must verify that carbon costs were paid in the exporting country under a recognised scheme before relief can be claimed against UK ETS or Carbon Price Support charges, preventing double taxation while maintaining the integrity of carbon pricing policy.
Petition Summary: Welded Stainless Line and Pressure Pipe from India, Türkiye, and the United Arab Emirates
A petition has been filed seeking antidumping and/or countervailing duties on welded stainless line and pressure pipe imported from India, Türkiye, and the United Arab Emirates. Such petitions trigger formal trade remedy investigations that can result in additional customs duties on the subject merchandise, directly impacting import costs and supply chains for US buyers and foreign exporters. The case involves allegations of unfair pricing or government subsidization, which are core customs and trade law issues with significant duty implications for affected industries.
CBP Issues Guidance on Section 232 Copper Smelt and Cast Reporting Requirements
US Customs and Border Protection (CBP) has issued guidance regarding reporting requirements under Section 232 for copper that has been smelted and cast. Section 232 measures impose national security-based tariffs and associated compliance obligations on importers. The new guidance clarifies how importers must report the smelt and cast origin of copper products, affecting duty liability and admissibility determinations. This is directly relevant to importers of copper goods who must navigate these customs requirements to ensure correct tariff treatment and avoid penalties.
Pakistan imports mobile phones worth Rs530b in FY2025-26
Pakistan has imported mobile phones worth Rs530 billion in FY2025-26, highlighting significant customs and trade activity in the telecommunications sector. The scale of these imports raises questions about applicable customs duties, regulatory tariffs, and potential tax revenue implications for Pakistan's Federal Board of Revenue. Mobile phone imports are subject to customs duties and sales tax at the import stage, making this a notable customs and indirect tax story. The import figures also reflect consumer demand trends and may influence future tariff policy decisions regarding mobile devices in Pakistan.
VAT Refund 2026 — New Rules for Non-EU Travellers
New rules for VAT refunds for non-EU travellers are set to take effect in 2026, updating the framework governing tax-free shopping schemes across the European Union. These changes affect how non-EU visitors claim VAT refunds on purchases made within EU member states, with potential revisions to eligibility thresholds, digital processing requirements, and approved refund operators. The update is significant for retailers, refund agents, and customs authorities managing the tourist VAT refund process. Businesses operating in the travel retail and hospitality sectors will need to adapt their compliance procedures to align with the revised regulations ahead of the 2026 implementation date.
Statutory guidance: Reference Documents for The Customs Tariff (Suspension of Import Duty Rates) (EU Exit) Regulations 2020
This statutory guidance provides reference documents for the Customs Tariff (Suspension of Import Duty Rates) (EU Exit) Regulations 2020, which govern temporary suspensions of import duty rates in the UK following Brexit. The documents specify which goods qualify for suspended tariff rates, effectively reducing import duties to zero or lower levels for certain products where domestic supply is insufficient. This framework supports UK businesses reliant on imported inputs by lowering customs costs, and is maintained and updated periodically to reflect evolving trade and supply chain needs post-EU Exit.
EU Commission Explains How the New EUR 3 Customs Duty for Low Value Goods Will Be Calculated
The EU Commission has issued guidelines explaining how the new EUR 3 flat-rate customs duty on low-value goods will be calculated when it takes effect in 2026. This measure targets the surge in low-value imports, particularly from e-commerce platforms, which currently benefit from the customs duty exemption for consignments below EUR 150. The guidelines clarify the calculation methodology, ensuring businesses and customs authorities understand compliance requirements. This reform is part of the EU's broader effort to modernize customs rules and create a level playing field between EU and non-EU retailers selling to European consumers.
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