Tuesday, February 03, 2026
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....
Latvia’s parliament (Saeima) has adopted the 2026 State Budget on 4 December 2025. The 2026 State Budget focuses on strengthening security, supporting families, and advancing sustainability, cutting EUR 844.1 million in planned spending and redirecting those funds to deliver roughly EUR 700 million in additional investment for security, family support, and education in the coming...
The Korea (Rep.) National Assembly passed a series of budget-related amendment bills, including changes to the Corporate Tax Act that raise each of the four corporate tax brackets by 1%. Corporate Tax Rate Increase The National Assembly passed next year’s budget along with 16 associated bills, including a significant amendment to the Corporate Tax Act....
France’s tax authorities have issued detailed guidance on the application of value-added tax (VAT) to cultural, recreational, educational, and professional activities, including exhibitions, sites, installations, and associated services. The update, published on 3 December 2025, clarifies the application of reduced and standard VAT rates under Article 279 b nonies of the French General Tax Code...