New Zealand: IR consults on loss carry-forward rules after ownership breach
New Zealand’s tax authority, Inland Revenue (IR), opened consultation on 16 October 2026 on an exposure draft, PUB00535 (Draft QWBA QB XX/XX), which clarifies how the loss carry-forward rules apply when ownership continuity is breached. Titled
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Taiwan: Businesses may retain loss offset eligibility for minor late tax payments
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance, has stated that businesses that filed their tax returns within the statutory deadline but paid the tax due late can still carry forward losses from the previous 10 years
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Ukraine proposes ATAD-aligned anti-avoidance rules to combat aggressive tax planning
Ukraine’s government has approved Draft Law No. 16150 prepared by the Ministry of Finance to implement provisions of the Anti-Tax Avoidance Directive (2016/1164) (ATAD) aimed at combating aggressive tax planning. Draft Law No. 16150 was
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Ireland’s Finance Bill 2026 updates Pillar Two rules, expands tax reliefs
Ireland’s Department of Finance announced yesterday, 19 October 2026, the publication of the Finance (No. 2) Bill 2026 and its accompanying Explanatory Memorandum to implement Budget 2027. The Bill includes changes to corporate and personal
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Kazakhstan collects tax payments from Pinduoduo, and Anthropic, restricts Farfetch access
Kazakhstan has collected KZT 8 billion in taxes from two foreign technology companies. The State Revenue Committee of the Ministry of Finance announced the payments on 19 October 2026. Payments from Pinduoduo and Anthropic Pinduoduo paid KZT
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Taiwan reminds businesses to declare overseas investment income
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance (MOF), has reminded profit-seeking enterprises to include overseas income from offshore financial investments in their taxable income. Under Paragraph 2, Article 3
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Singapore updates business expense deduction guidance, clarifies rules for Green Certificates, Green Credits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on business expense deductions, clarifying new rules for Green Certificates and Green Credits (GCCs). The previous guidance on carbon credits has been removed, as their tax
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Philippines: BIR clarifies tax deductions for shared senior drug discounts
The Philippines Bureau of Internal Revenue (BIR) has updated its tax rules on senior citizen discounts for the first time since 2010. The changes explain how pharmaceutical companies, distributors, and retailers can claim tax deductions when they
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Hong Kong moves to widen tax deductions for intellectual property purchases
Hong Kong’s government has published the Inland Revenue (Amendment) (Tax Deductions for Intellectual Property Expenditure) Bill 2026 on 16 October 2026, relaxing tax deduction arrangements for capital expenditure that businesses incur on buying
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Kenya gazettes 2026 significant economic presence tax regulations
Kenya has released the Income Tax (Significant Economic Presence Tax) Regulations 2026. The regulations were issued by the Cabinet Secretary for the National Treasury on 12 August 2026 and gazetted on 18 September 2026. Introduced under the Tax
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Singapore: IRAS issues ruling on property disposal gains
Inland Revenue Authority of Singapore (IRAS) issued Advance Ruling Summary No. 18/2026 on 1 October 2026, addressing the tax treatment of gains arising from the transfer of long-term strategic investment properties to related companies during an
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US: IRS revises safe harbour guidance for digital asset staking by investment trusts
The US Internal Revenue Service (IRS) issued Revenue Procedure 2026-20, clarifying updated safe harbour guidelines for investment and grantor trusts that engage in digital asset staking. Effective for tax years ending on or after 6 October 2026,
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Ecuador: National Assembly approves tax code revisions to clarify appeals, penalties, taxpayer rights
Ecuador’s National Assembly approved an Organic Reform Law to amend the Organic Tax Code on 6 October 2026. The reform aims to address inconsistencies in the existing tax framework, improve legal certainty and clarify procedural requirements
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Malaysia updates small value asset capital allowance rules
Malaysia’s Inland Revenue Board (IRBM) has published Public Ruling No. 4/2026 on 30 September 2026, providing updated guidance on special capital allowances that allow a 100% write-off for small-value assets. Replacing the previous PR No.
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Germany: MoF proposes new tax treatment for crypto-asset gains
Germany’s Ministry of Finance published a draft bill on 30 September 2026 proposing changes to the taxation of certain crypto-assets held as private assets. The proposed legislation would classify income from qualifying crypto-assets as investment
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Algeria: Finance Bill 2027 proposes stricter digital reporting, new investment incentives
Algeria’s Council of Ministers approved the Finance Bill for 2027 on 4 October 2026, which introduces significant updates to the nation's tax regulations and corporate reporting duties. The bill was presented by the Minister of Finance on 12
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Denmark proposes lower corporate tax rates in 2027 Finance Bill
Denmark’s government has presented its Finance Bill for 2027 on 9 October 2026 to parliament, proposing tax relief measures for individuals and businesses alongside various financing measures. The government plans to allocate DKK 10.1 billion
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Taiwan: Tax Bureau clarifies penalty exemption rules for supplemental uniform invoices
Taiwan’s National Taxation Bureau of the Southern Area, under the Ministry of Finance has clarified, on 8 October 2026, that business entities which issue supplemental uniform invoices but fail to file supplementary tax declarations and make
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