Friday, October 09, 2026
Officials from Macau and Malaysia met on 4 September 2026 to discuss strengthening bilateral cooperation, including through negotiations on an income tax treaty, according to a release from the Macau government. The two sides also supported exploring a free trade agreement to facilitate trade, investment, and business ties. They also discussed closer cooperation in healthcare,...
The Albanian Council of Ministers approved a draft law on 2 September 2026 to ratify the second protocol amending the 2010 income tax treaty with Germany. Signed on 9 June 2026, the measure will take effect following the exchange of the ratification instruments and will apply from 1 January of the year subsequent to its...
Qatar’s General Tax Authority will approve analysis certificates required for the registration of sweetened drinks electronically through the Dhareeba platform from 1 November 2026, removing the need for taxpayers to attach the certificates manually. Under the new procedures, taxpayers will submit product registration applications through the Dhareeba platform and deliver samples to one of the...
Taiwan’s Kaohsiung National Taxation Bureau has reminded investors that securities transaction tax may apply to the sale of shares in unlisted companies, depending on how the shares were issued. Under the Securities Transaction Tax Act, shares issued by a company limited by shares that have been certified by a bank under Article 162 of the...
Taiwan’s Yuanlin Office of the National Taxation Bureau of the Central Area, Ministry of Finance, has reminded domestic business entities and individuals purchasing cross-border electronic services from foreign suppliers, including Google, Microsoft, Amazon and Apple, of their obligations to declare and pay business tax under the Value-added and Non-value-added Business Tax Act (Business Tax Act)...
Kazakhstan’s National Bank cut its base rate to 16.25% on 4 September 2026, with an interest rate corridor of ±1 percentage point, citing continued disinflation and lower inflation expectations. The base rate is applied to calculate interest and penalties on late tax payments. Annual inflation slowed to 9.8% in August, its 11th consecutive monthly decline....
Russia’s State Duma has received draft law No. 1331250-8, submitted on 2 September 2026, proposing to reduce the standard VAT rate from 22% to 20% and raise the VAT threshold for businesses using the simplified tax regime from RUB 20 million to RUB 60 million. The proposed VAT reduction is intended to lower the tax...
Peru needs to strengthen its tax system as low tax revenues, high informality and weaknesses in tax compliance continue to limit revenue growth, according to an OECD report published on 25 August 2026. The report recommends broadening the tax base, rationalising tax expenditures (TEs) and improving tax design. Peru’s tax-to-GDP ratio stood at 16.3% in...
Taiwan’s Kaohsiung National Taxation Bureau, Ministry of Finance, has outlined multiple tax payment channels for profit-seeking enterprises filing provisional corporate income tax returns for fiscal year 2026, with the filing period running from 1 September to 30 September 2026. The bureau said taxpayers can pay provisional tax online by chip financial card, credit card or...
The Philippines ratified its income tax treaty with Cambodia, which was signed on 11 February 2025. The Philippine Senate approved the treaty through Resolution No. 628, following the President’s authorisation of its ratification on 5 June 2025. The agreement seeks to eliminate double taxation and prevent tax evasion. The tax treaty will take effect following...