A weekly summary of the top weekly tax news, trends
and developments in the Americas

      This week's tax news from the Americas

• US imposes additional tariffs on India for buying oil from Russia
  US President Trump issued an Executive Order on 6 August 2025, imposing an additional 25% ad valorem duty on certain imports from India, increasing the cumulative additional tariff on Indian goods to 50% ad valorem. According to the President's Executive Order, the tariff responds to India's indirect importation of Russian oil. The new tariffs will take effect Wednesday, 27 August 2025, with specific exceptions for goods already in transit.

      This week's newsletters

• Report on recent US international tax developments - 8 August 2025
  Our weekly report with brief summaries of all the week's U.S. tax developments and related activity.

      Upcoming EY webcasts

• 12 August: How businesses can thrive under the Trump Administration’s evolving trade policies
• 13 August: 2025 alternative and registered funds mid-year update
• 15 August: Tax in a time of transition: Legislative, economic, regulatory and IRS developments
• 20 August: Future Forward: Technology Enabled Utility Transformation

A calendar of all upcoming EY webcasts is available.

      Recent EY podcasts

• EY Podcast | Weekly US international cross-border taxation news for week ending 8 August 2025

All episodes of the EY Cross-Border Taxation Spotlight and
EY Talks Tax are available through Apple podcasts.

      This week's EY Global Tax Alerts

     Americas

• Colombia announces new visa requirement for nationals of Israel
• US Department of State introduces visa bond pilot program for certain visa applicants

     Africa

• Libya cancels Jihad Tax, in place since 1970
• Tanzanian Finance Act, 2025 analysis

     Asia

• Korea announces 2025 tax reform proposals

     Europe

• European Commission announces new ETIAS fee
• European Commission sets the implementation date of the Entry/Exit System
• EU updates visa rules for Turkish nationals traveling to the Schengen Area
• Italy | EUCJ rules regional taxation of dividends infringes on EU law
• Luxembourg carried interest proposal would make significant changes
• Schengen border controls August 2025 discussed

      This week's EY Industry publications

     Banking and Capital markets

• How to enable commercial bankers to be more effective trusted advisors

     Chemicals

• What drives value in chemicals industry carve-out strategy

     Mergers & Acquisitions

• Five actions to enhance shareholder value in M&A deals
• Turning risks into advantages: M&A as a growth engine for industrials

     Mining and metals

• A mining makeover: inspiring the next generation

     Oil & Gas

• How to turn planning churn into integrated clarity in oil and gas

Additional resources

Comments. If you have any questions or suggestions about this newsletter, please email Global Tax News Update Help at: globaltaxnewsupdatehelp@ey.com.

About Americas Tax Roundup

Published by NTD's Tax Technical Knowledge Services Group, Washington, D.C.
Jennifer Mannetta, writer and editor

Distributed weekly to all Americas Tax personnels.