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EY survey reveals large gap between government organizations’ AI ambitions and reality

LONDON, 18 JUNE 2025. Government and public sector organizations recognize the vital role of data and artificial intelligence (AI), yet a substantial implementation gap remains, according to a recent EY survey of nearly 500 senior government executives.

Danish transfer pricing landscape: Insights into control mechanisms and legislative changes enacted on 3 June 2025

On 3 June 2025, the Danish Parliament enacted a new bill that includes several adjustments in the transfer pricing space.

Hong Kong enacts law on BEPS 2.0 Pillar Two

Hong Kong's law to implement Pillar Two of the OECD BEPS 2.0 initiative was gazetted on June 6, 2025.

Hong Kong enacts law for inward company re-domiciliation

The Hong Kong company inward re-domiciliation regime was gazetted as law on 23 May 2025.

United States Immigration and Mobility Updates for May 2025

In May, significant announcements from DOS and DHS introduced policies affecting F and M students and J-1 Exchange Visitors, following rapid developments in April.

Schengen border controls for June 2025 discussed

As of 6 June 2025, 11 Schengen countries have ongoing border controls.

Australia

Annual adjustments begin 1 July 2025, increasing (i) skilled visa income thresholds, (ii) superannuation guarantee rate, and (iii) visa application charges.

United States

Trump announced new restrictions on certain foreign nationals entering the U.S.

Canada Border Services Agency updates customs notice for surtax remission

The CBSA released a revised version of Customs Notice 25-19, United States Surtax Remission Order (2025).

Argentina enacts new regulations impacting foreign nationals and employers

Effective 29 May 2025, Argentina's Decree No. 366/2025 updates Immigration Law No. 25,871, enhancing compliance and clarity.

Belgium

Flemish authorities approved a proposal to streamline immigration for employers and foreign workers in Flanders.

China Mainland announces new visa-free policy for nationals of Bahrain, Kuwait, Oman and Saudi Arabia

Citizens of Bahrain, Kuwait, Oman, and Saudi Arabia can enter mainland China for business, tourism, family visits, or transit without a visa.

Costa Rica introduces changes to company registration regulations

The Costa Rican government will change company registration regulations with the Immigration and Foreigners General Directorate (DGME) in late June 2025.

Australian Tax Office releases draft guideline on determining 'debt quantum' in context of thin-capitalization rules

On 29 May 2025, the ATO released draft PCG 2025/D2 on inbound related-party financing under ‘thin-capitalization’ rules, open for comments until 30 June 2025.

Argentina issues measures to further deregulate

On May 23, 2025, Argentina's Executive Branch issued Decree No. 353 and Resolution 5699/2025, reducing mandatory reporting requirements for individuals and entities.

Peruvian Executive Branch ratifies OECD Multilateral Convention

Peru's Presidency and Foreign Ministry approved Supreme Decree 013-2025-RE, ratifying adherence to the OECD's MLI for aligning tax treaties with BEPS standards.

United States

Proposed Section 899, passed by the House increases US taxes on entities and individuals from countries with unfair tax practices as part of the tax reconciliation bill.

Saudi Arabia suspends issuance of work visa quotas for use by nationals of certain countries

Saudi Arabia has temporarily suspended issuing and processing block visa quotas for nationals of 15 countries.