04/07/2025
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Global trade updates
Recent announcements and developments on trade issues for jurisdictions across the globe, including New Zealand, Singapore, Taiwan (China) and the United States.
Gibraltar: EU-UK agreement
A joint statement was released announcing a conclusive political agreement on the core aspects of the future agreement between the EU and the UK in respect of Gibraltar.
Italy: Key VAT changes
The Council of Ministers approved a new law decree introducing, among other tax measures, key VAT changes. The law decree must be converted into law by the parliament.
Philippines: Digital service providers
A new VAT return for nonresident digital service providers has been issued, following the imposition of VAT at 12% on digital services consumed in the Philippines.
Other news