Tuesday, March 17, 2026
The UK Parliament is currently reviewing the Finance (No. 2) Bill (Bill 342 for 2024–26), which was introduced to the House of Commons on 4 December 2025. The bill has completed its first reading and outlines the key tax and financial measures announced in the 2025 Budget delivered on 26 November by Chancellor Rachel Reeves....
Sri Lanka’s Inland Revenue Department (IRD) has further extended the deadline for submitting Income Tax Returns for the 2024/2025 assessment year to 31 December 2025. The extension follows widespread disruption caused by Cyclone Ditwah, which made it difficult for many taxpayers to meet the earlier deadlines. Originally set for 30 November 2025, the IRD confirmed...
The UK will continue to allow Bangladeshi products to enter its market duty-free until 2029, British High Commissioner to Dhaka Sarah Cook announced. She made the statement during the HSBC Export Excellence Award 2025 event on 7 December in Dhaka. Cook added that even after 2029, around 92% of Bangladeshi exports, including ready-made garments, will...
Taiwan’s Southern National Taxation Bureau has reminded domestic enterprises that overseas e-commerce operators may qualify for tax reduction or exemption on business profits under comprehensive tax treaties, provided they meet the required conditions. This announcement was made on 5 December 2025. The Bureau noted that as cross-border online transactions continue to expand, domestic profit-seeking enterprises...
New Zealand Inland Revenue launched a public consultation on 4 December 2025 on the taxation of company loans to shareholders. The consultation proposes a new 12-month time limit, under which certain shareholder loans would be treated as dividends if not repaid within 12 months from the end of the income year in which they were...
Bahrain and Saudi Arabia signed a tax treaty on 3 December 2025. The agreement aims to address double taxation and promote investment. The treaty is the first of its kind between the two countries and will enter into force upon the exchange of ratification instruments. Earlier, the Saudi Arabian Council of Ministers approved the signing...
The Luxembourg parliament ratified a protocol updating the 1996 income and capital tax treaty with Vietnam on 2 December 2025. The Chamber of Deputies approved the protocol on 20 November 2025, following earlier approval by the Council of State on 11 July 2025. Signed on 4 May 2023, the protocol updates the treaty to align...
Taiwan and Japan signed their third Regional Customs Cooperation Memorandum on 4 December 2025 during the 49th Taiwan-Japan Economic and Trade Conference, expanding bilateral customs exchanges. The memorandum was signed by Su Jia-chuan, Chairman of the Taiwan-Japan Relations Association, and Osamu Sumi, Chairman of the Japan-Taiwan Exchange Association. The signing ceremony was witnessed by Yoshirō...
The Australian Taxation Office (ATO) has updated its guidance on lodging, paying, and other obligations under Pillar Two, releasing two sample forms: Combined Global and Domestic Minimum Tax Return for a Group Entity (GE) Combined Global and Domestic Minimum Tax Return for a Designated Local Entity (DLE) The combined forms merge the GloBE Information Return,...
Taiwanese businesses paying for electronic services from foreign e-commerce enterprises may qualify for tax relief under bilateral tax treaties. This announcement was made by the Southern Taiwan National Tax Administration (STNTA) on 5 December 2025. According to the STNTA, if payments to foreign suppliers constitute Taiwan-sourced income, domestic companies are generally required to withhold tax....