[Global IDT Insights] EU Imposes Anti-Dumping Duties on Hot-Rolled Steel Imports

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  • Last Updated on 9 October, 2025

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EU anti-dumping duties on hot-rolled steel

Editorial Team, – [2025] 179 taxmann.com 114 (Article)

Global IDT Insights provides a weekly snippet of tax news specifically related to Indirect Taxes from around the globe.

1. EU imposes definitive anti-dumping duties on hot-rolled steel imports from Egypt, Japan, and Vietnam

The European Union (EU) has concluded its investigation and imposed anti-dumping duties on hot-rolled flat steel products from Egypt, Japan, and Vietnam following findings that these imports were being sold at unfairly low prices.

These duties will remain in effect for five years, ranging from 11.7% for Egypt, 6.9% to 30% for Japan, and 12.1% for Vietnam. Provisional duties that had been in place since 07-04-2024 will not be collected retroactively.

The investigation into imports from India was closed without imposing duties, as no evidence of dumping was found.

The EU steel industry impacted by these measures spans multiple member states such as Austria, Belgium, Czech Republic, Finland, France, Germany, Hungary, Italy, the Netherlands, Poland, Romania, Slovakia, Slovenia, Spain, and Sweden and employs around 38,000 people.

Source- Official News

2. Singapore to Mandate E-Invoicing via InvoiceNow for GST-Registered Businesses

The Inland Revenue Authority of Singapore (IRAS) has announced the gradual implementation of mandatory electronic submission of invoice data through InvoiceNow-Ready Solutions for GST-registered businesses.

The phased rollout is as follows:

• From 01-11-2025: Applies to newly incorporated companies that voluntarily register for GST.
• From 01-04-2026: Extends to all new voluntary GST registrants.

In addition, early voluntary adoption will be available from 1 May 2025. From this date, IRAS encourages all GST-registered businesses and applicants to adopt InvoiceNow-Ready Solutions for transmitting invoice data.

Looking ahead, IRAS intends to progressively extend mandatory participation to new compulsory GST registrants as well as existing GST-registered businesses. The authority will continue engaging with industry stakeholders and reviewing feedback before announcing further implementation details.

Source – Official News

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied