#Brazil has introduced changes to rules on the taxation of financial operations, significantly increasing tax rates on credit transactions (#IOF-credit) and certain #FX transactions (IOF-FX), effective from 23 May 2025. go.ey.com/45rMOwc

#NewZealand recently announced it will not progress a #DigitalServicesTax Bill that would have introduced a #DST from 1 January 2025. go.ey.com/4ks6vbK

The #AustralianTaxOffice (#ATO) has updated its #BEPS #PillarTwo website for guidance on administration of #Australia's Pillar Two global and domestic minimum tax rules, in force with retrospective application to FYs starting 1 January 2024. go.ey.com/4dF9paP

The European Union Parliament approved the #CarbonBorderAdjustmentMechanism (#CBAM) Omnibus I simplification package proposed by the #EuropeanCommission. go.ey.com/43teWOk

The US Congress has moved forward on a tax provision that would impose higher US tax rates on certain #assetmanagement entities, including #hedgefunds, #privateequity funds, #regulatedinvestmentcompanies, and #sovereignwealthfunds, among others. go.ey.com/3Hpa1VQ

#Nigeria's Non-Resident Persons' Tax Office is ramping up tax compliance enforcement for nonresident companies with a Nigerian business presence. #nonresidentcompany go.ey.com/43siCzM

The #AustralianTaxOffice (#ATO) released draft guidelines on determining "#debtquantum" in the context of #Australia's #thincapitalization rules. #transferpricing go.ey.com/4jGP1r4

#HongKong enacted a law to implement #OECD #BEPS #PillarTwo, with the domestic minimum top-up tax and Income Inclusion Rule effective retroactively from 1 January 2025, while the Undertaxed Profits Rule is postponed for further study. go.ey.com/4kWx4G3

#Denmark's Parliament enacted a bill that makes adjustments to #transferpricing regulations, including a new de minimis exemption from documentation requirements, effective from the income year 2025. go.ey.com/4kUQFq2

#Brazil has announced substantial tax changes affecting #InterestonNetEquity, financial investments, betting operations and IOF regulations. go.ey.com/4e4WvmD

#HongKong enacted a law for inward (inbound) company re-domiciliation, allowing non-HK incorporated companies to #redomicile while maintaining their legal identity and business continuity. go.ey.com/3FZyosO

Read EY's Digital Services Taxes and other Taxes on the Digital Economy (June 2025), which outlines the status, scope, rate, thresholds, exclusions, and effective dates of #DSTs in 32 jurisdictions. #DigitalServicesTax go.ey.com/4lef0Yc

#Sweden has proposed to exempt foreign sovereign states and equivalent entities from W/H tax on dividends, effective from 1 July 2026, following a CJEU ruling; possible eligibility for refund claims. go.ey.com/467PFdU

#Peru has deposited the ratification instrument for the #MultilateralConvention (#MLI) with the OECD; MLI provisions will come into force for Peru on 1 October 2025, with practical effects beginning 1 January 2026. go.ey.com/4jYVrlG

The US #SenateFinanceCommittee on 16 June released the tax and health sections of their version of the pending US tax bill, including significant #internationaltax changes. go.ey.com/4lmFmHC

Read EY's "Latest on BEPS and Beyond" (June 2025) for the latest activity in the #OECD #BEPS project as well as global and country-specific legislative and administrative activity on BEPS. go.ey.com/3T7uVvm

#Vietnam has issued a Decree effective 1 July 2025 requiring organizations managing an #ecommerceplatform to be responsible for W/H, declaring/paying VAT and Personal Tax on behalf of sellers who are individuals for each transaction. go.ey.com/4ej1foJ

#Brazil recently published a Provisional Measure affecting financial and #capitalmarkets taxation, including a W/H tax rate hike on financial investments, new CGT tax rate on stock gains, and higher nonresident investor W/H rates, among other changes. go.ey.com/4l3uKgW

The US Treasury Secretary has asked Congress to not enact the #retaliatorytax proposal (IRC #Section899) that is included in pending legislation due to a recent "joint understanding among G7 countries." go.ey.com/46h5H5i

The UK #HMRC has published guidance on the #UnilateralAdvancePricingAgreement (#unilateralAPA) process for #costcontributionarrangement(s). #costsharingagreement go.ey.com/3G3bQHW