United States
- Proposed regulations: Guidance on employer’s line of business for purposes of section 132
- KPMG report: Impacts of OBBBA and Notice 2025-28 on CAMT liability
- KPMG article: IRS APA statistics highlight key country-specific trends
KPMG Week in Tax: August 4 – 8, 2025
Recent tax developments from around the globe for the week of August 4 – 8, 2025
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August 11, 2025
KPMG Week in Tax—published weekly to provide an overview of tax developments as reported in TaxNewsFlash—includes summaries of select tax-related news followed by a full list of reports (more information can be found at the links provided).
- Brazil: The government released updated guidance for electronic invoicing (e-invoicing) to support the upcoming IBS/CBS indirect tax model, confirming new XML schema publication by mid-August 2025 and mandating inclusion of IBS/CBS fields on invoices from January 2026, with exemptions for compliant taxpayers throughout 2026. However, ongoing tax reform discussions mean these requirements may evolve further. Read TaxNewsFlash
- Romania: Tax reform measures include raising the dividend tax rate to 16%, increasing the turnover tax for credit institutions to 4%, increasing the standard value added tax (VAT) rate to 21% (with a reduced rate of 11%), and changing excise duty rates. Most measures take effect August 1, 2025, while the dividend tax increase applies from January 1, 2026. Read TaxNewsFlash
- United States: President Trump signed an executive order imposing an additional 25% tariff (totaling 50%) on goods imported from India, effective August 27, 2025, in response to India’s ongoing purchases of Russian oil. Goods imported before September 17, 2025, will be exempt. Read TradeNewsFlash
Transfer Pricing
- Australia: Consultation on draft guideline on review of cross-border software arrangements
- OECD: List of signatories to the GloBE Information Return (GIR) MCAA
- United States: IRS APA statistics highlight key country-specific trends
FATCA / IGA / CRS
- France: Due diligence obligations for financial institutions under common reporting standard (CRS)
Trade & Customs
- White House announces additional 25% tariff on Indian imports
Africa
- Ghana: Tax measures in mid-year budget
Americas
- Bermuda: Corporate income tax regulations
- Brazil: New updates to e-invoicing layouts
Asia Pacific
- Australia: Consultation on draft guideline on review of cross-border software arrangements
- Australia: Payments to drivers by ridesharing company are wages subject to payroll tax (NSW Court of Appeal decision)
- Australia: Productivity Commission recommends phasing out electric vehicle tax exemptions
- Cambodia: Tax implications for share premium; board of directors subject to tax on salary
Europe
- Germany: Services provided by parent company to subsidiaries not “single supply” for VAT valuation purposes (CJEU judgment); other VAT developments
- Poland: Branch may deduct interest on loan from foreign parent; VAT exemption for private imports (Supreme Administrative Court decisions)
- Poland: Guidance on mandatory disclosure rules (MDR)
- Poland: Legislation limiting partnership tax reporting published in journal of laws; bill on national electronic invoicing system (KSeF) passed by upper house of Parliament
- Romania: Various tax reform measures effective August 1, 2025
- UK: Issues relating to stamp duty land tax (court decisions)
Other publications
The items described above are also reported as editions of TaxNewsFlash: