Turkey introduces nuclear energy tax exemptions, establishes vehicle excise floors
Turkey has enacted Law No. 7590, introducing several tax measures, including reforms to the special consumption tax (SCT) on motor vehicles, new tax incentives for the nuclear energy sector, and an extension of employment support measures. The law
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Philippines launches EVIS programme with up to 40% investment support for EV manufacturers
The Philippines has introduced a new package of tax incentives for the electric vehicle sector under the Electric Vehicle Incentive Strategy (EVIS) Programme, approved through Executive Order No. 121. Executive Order No. 121 establishes the EVIS
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Australia consults Critical Minerals Production Tax Incentive application, reporting framework
Australia's Department of Industry, Science and Resources opened a public consultation on 14 July 2026 on the proposed application and reporting arrangements for the Critical Minerals Production Tax Incentive (CMPTI), inviting stakeholder feedback
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Malaysia extends foreign-sourced income tax exemption for unit trusts to 2030
Malaysia has gazetted the Income Tax (Unit Trust in relation to Income Received in Malaysia from Outside Malaysia) (Exemption) 2024 (Amendment) Order 2026 on 27 July 2026. This legislation extends the tax exemption period for foreign-sourced
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China introduces targeted tax breaks for energy, mining firms through 2027
China's Ministry of Finance and the State Taxation Administration have jointly issued Announcement No. 22 of 2026 revising the urban land use tax policy on 27 July 2026, phasing out longstanding tax exemptions previously available to energy
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Hong Kong consults proposed enhancements to tax concession regime for corporate treasury centres
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Inland Revenue Department (IRD) launched a public consultation on 27 July 2026, on proposed enhancements to the tax concession regime for corporate treasury centres
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Thailand approves draft decree to expand, extend tax incentives for Social Enterprises
Thailand's Cabinet approved in principle a draft Royal Decree under the Revenue Code at its meeting on 21 July 2026, revising tax measures supporting Social Enterprises through amendments to Royal Decree (No. 735) B.E. 2564 (2021). According to
See MoreChina lowers threshold for special tax treatment of assets and liabilities in business reorganisations
China's State Taxation Administration (STA) has issued Announcement No. 13 of 2026 on 8 July 2026, introducing rules on the special tax treatment applicable to corporate restructuring transactions, including mergers and demergers. China has
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Peru introduces 100% tax deduction for reinvested profits under new maritime industry incentives
Peru has enacted Law No. 32706, introducing tax incentives and industry measures aimed at modernising the country's commercial fleet used for national coastal shipping while strengthening the domestic naval industry, including shipbuilding, repair
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Indonesia: Parliament approves new tax incentive framework for IFCs
Indonesia's parliament unanimously approved legislation that will let the government establish international financial centres (IFCs) across the country on Tuesday, 21 July 2026. The law aims to pull in foreign capital and support the
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Australia updates guidance on R&D tax incentive eligibility for associated foreign corporations
The Australian Taxation Office (ATO) updated its guidance on 13 July 2026 regarding the eligibility requirements for research and development (R&D) activities undertaken by an R&D entity on behalf of an associated foreign corporation when
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UAE: FTA issues corporate tax FAQ covering Free Zones, exemptions, compliance
The UAE Federal Tax Authority (FTA) has published a summary of its Private Clarifications on Corporate Tax issued up to May 2026, consolidating the guidance into a Frequently Asked Questions (FAQ) format, providing clarification on the application
See MoreChina extends unemployment insurance refunds and job subsidies through 2026
China has renewed its package of unemployment insurance incentives for another year, running from 1 January 2026 to 31 December 2026. The State Council-approved notice, issued on 18 June 2026 to provincial governments and the Xinjiang Production and
See MoreTurkey issues final guidance on new corporate income tax incentives
Turkey's Tax Administration has issued General Communiqué No. 26, providing final guidance on the corporate income tax amendments introduced by Law No. 7577 and Law No. 7582. The Communiqué, which entered into force on 4 July 2026, confirms the
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UAE adopts OECD side-by-side tax framework
The UAE issued Ministerial Decision No. 96 of 2026 (MD 96/2026), on 22 June 2026, which formally adopts the most recent OECD interpretive materials for the UAE's Qualified Domestic Minimum Top-up Tax (QDMTT) regime. It specifically adopts three
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Belarus introduces tax incentives for robotics sector from July 2026
Belarus has introduced new tax incentives to promote the robotisation of its economy under Edict No. 198 of 17 June 2026. Legal entities implementing robotics are eligible for the following tax incentives: Key tax incentives Depreciation:
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Thailand extends e-tax, e-withholding tax incentives until end of 2027
Thailand's Cabinet has approved a two-year extension of tax measures designed to encourage wider adoption of the country's electronic tax system, including incentives for investment in electronic tax infrastructure and continued preferential rates
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Vietnam clarifies CIT incentives for foreign-invested SMEs
Vietnam's Tax Department issued Official Letter 3896/CT-CS, confirming that eligible foreign-invested small and medium-sized enterprises (SMEs) can benefit from a three-year corporate income tax (CIT) exemption under the country's new private sector
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