Thursday, October 29, 2026
The United Arab Emirates (UAE) Ministry of Finance (MoF) has issued Ministerial Decision No. 243 of 2025 on 28 September 2026, establishing the legal and operational framework for the Electronic Invoicing (e-invoicing) System across the country. The decision applies to any Person conducting Business in the UAE across every Business Transaction, unless specifically excluded. The...
India and the US have finalised the first phase of a trade deal, which is undergoing legal drafting, Trade Secretary Rajesh Agrawal said on Thursday. He said negotiations were progressing in the right direction. “We anticipate concluding and signing the trade deal at the earliest possible time,” Agrawal said, adding that India was seeking preferential...
Sri Lanka’s Inland Revenue Department (IRD) has issued two notices reminding taxpayers of the deadlines for paying VAT and VAT on financial services and for filing the VAT return for September 2026. VAT payment and return In the first notice, the department said VAT for September 2026 must be paid on or before 20 October...
Bangladesh’s National Board of Revenue (NBR) on Thursday, 15 October 2026, extended the deadline for online VAT returns for the July-September 2026 tax periods to 25 October 2026, with no interest or fines. Institutions that have not yet filed must submit returns for all three tax periods by the new date, according to an office...
Kyrgyzstan and Bangladesh discussed resuming negotiations on an income tax treaty during a meeting on 14 October 2026. The meeting brought together Mederbek Tumanov, Deputy Minister of Economy and Commerce of the Kyrgyz Republic, and Asad Alam Siam, Foreign Secretary of Bangladesh. The two sides discussed ways to increase bilateral trade, promote Kyrgyz products in...
Bangladesh and Turkmenistan agreed to work towards concluding a tax treaty and an investment protection agreement (IPA) during political consultations held in Ashgabat on 15 August 2026 to strengthen bilateral trade, investment and economic cooperation. The discussions covered a proposed “Program of Action: 2027-2029”, including cooperation on avoidance of double taxation, promotion and protection of...
India has issued Notification No. 135/2026, confirming that the amending protocol to the 1982 income and capital tax treaty with Mauritius entered into force on 10 August 2026. The protocol, signed on 7 March 2024, replaces the treaty preamble to align it with OECD BEPS standards and introduces a new Article 27B (Entitlement to Benefits)....
Taiwan’s Ministry of Finance (MoF) amended Articles 54-1, 54-2 and 59-1 of the Regulations Governing the Collection of Commodity Tax on 18 August 2026. According to the Southern Region National Taxation Bureau, Ministry of Finance, the amendments allow manufacturers and importers to apply for approval to release or import electric vehicles tax-free under an undertaking,...
Sri Lanka’s government has scrapped the land lease tax (LLT) that foreign buyers once paid on long leases. Foreigners still cannot buy land outright under the Land (Restrictions on Alienation) Act, so a lease of up to 99 years remains the only route. Foreigners used to pay a 15% land lease tax (LLT) on long...
New Zealand’s Inland Revenue issued Technical Decision Summary (TDS) 26/18 on 1 October 2026, addressing whether proceeds from an insurance company’s proposed sale of investment properties would constitute taxable income. The Tax Counsel Office (TCO) determined that the proceeds were capital in nature and that neither Section CB 1 nor Section CB 6 of the...