Hong Kong: IRD mandates e-filing for 2025/26 Block Extension Scheme, sets extended profits tax deadlines and tighter compliance rules
The Hong Kong Inland Revenue Department (IRD) has issued a Circular Letter to Tax Representatives regarding the Block Extension Scheme for filing 2025/26 tax returns on 19 March 2026. The letter confirms that, as in previous years, the scheme will
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Malaysia gazettes order on reduced service tax on rental, leasing services
Malaysia gazetted the Service Tax (Rate of Tax) (Amendment) Order 2026 on 13 March 2026, formalising a reduction in the service tax rate on rental and leasing services. Earlier, Malaysia’s Ministry of Finance released updated policy notices on
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Hong Kong, Barbados sign income tax treatyÂ
Hong Kong’s government has announced that representatives from Barbados and Hong Kong signed a comprehensive income tax treaty on 19 March 2026, marking a step forward in strengthening bilateral economic ties. The agreement provides clarity on
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India: CBDT rolls out 2026 income tax rules with expanded transfer pricing framework
India’s Central Board of Direct Taxes (CBDT) issued Notification No. 22/2026 on 20 March 2026 under the Income Tax Act, 2025, introducing the Income Tax Rules, 2026. The rules provide a comprehensive framework for income tax administration,
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Australia consults Board of Taxation’s review of thin capitalisation amendments
The Australian Board of Taxation released a consultation guide marking the beginning of a formal statutory review of recent reforms to the nation's thin capitalisation rules in March 2026. This consultation guide outlines an independent statutory
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Taiwan: MoF extends 2026 property tax filing deadline
Taiwan’s Ministry of Finance (MoF) has announced that the 2026 property tax (tax year 115) will be levied from 1 May 2026. Taxpayers whose properties qualify for preferential tax rates or exemptions must submit applications to their local tax
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Sri Lanka: IRD mandates employee TINs in APIT annual statements
Sri Lankan Inland Revenue Department (IRD) has announced that, starting from the Year of Assessment 2025/2026, all employers registered under the Advance Personal Income Tax (APIT) scheme must include each employee’s Taxpayer Identification Number
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Taiwan: Ministry of Finance clarifies invoice rules for businesses
The Ministry of Finance clarified, on 19 March 2026, that if a business’s monthly sales do not reach TWD 200,000, it may continue to be exempt from issuing uniform invoices. Instead, business tax is levied at a fixed rate of 1%. Contrary to
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Australia: ATO confirms PepsiCo exempt from royalty withholding, diverted profits tax following high court rulingÂ
The Australian Taxation Office (ATO) issued a Decision Impact Statement on 19 March 2025, concerning the High Court ruling in PepsiCo Inc v Commissioner of Taxation, handed down in August 2025. Summary of decision The High Court dismissed the
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Malaysia clarifies tax rules for retail money market fund distributions
The Inland Revenue Board of Malaysia (IRBM) has released Practice Note No. 1/2026, dated 27 February 2026, outlining the tax treatment of distributions from retail money market fund (RMMF) unit trusts. The key aspects of this tax treatment are
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Vietnam: MoF drafting new transfer pricing, taxpayer obligations, CbC reporting rules
The Vietnamese Ministry of Finance (MoF) is preparing a draft Decree on tax administration for related-party transactions of enterprises with affiliated relationships, in line with the Law on Tax Administration No. 108/2025/QH15. The new
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Mongolia announces broad tax reforms, cuts corporate tax to 15%
Mongolia’s government submitted a comprehensive tax reform package to Parliament on 30 December 2025, following extensive nationwide consultations with over 13,000 citizens and businesses throughout the year. The proposed amendments to
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Australia gazettes 2026 global, domestic minimum tax amendment determinationÂ
Australia's government has gazetted the Taxation (Multinational—Global and Domestic Minimum Tax) (Qualified GloBE Taxes) Amendment (Measures No. 1) Determination 2026 on 20 March 2026, which amends the Taxation (Multinational—Global and Domestic
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Australia: ATO releases overview of Australian company tax rates for 2025-26
The Australian Taxation Office (ATO) has revised its guidance on company tax rates, providing an updated overview of the applicable rates for the 2025–26 income year, as outlined below: Companies Income category Rate (%) Base rate
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Cambodia, Korea (Rep.) sign MOU on tax information exchange
Cambodia and South Korea signed a Memorandum of Understanding (MoU) on the exchange of information for tax purposes during the 5th Korea-Cambodia Commissioners of Taxation Meeting in Phnom Penh. This announcement was made on 12 March 2026. The
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Bangladesh: NBR extends PIT deadline for 2025–26 income tax returns
The National Board of Revenue (NBR) has extended the deadline for filing 2025–2026 Personal Income Tax (PIT) returns. Taxpayers now have until 31 March 2026 to submit their returns online through the e-Return system. This announcement was made
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Singapore: IRAS updates GST guidance for construction services
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on Goods and Services Tax (GST) for construction services, introducing a new video to clarify key rules for the industry on 18 March 2026. The video covers general GST
See MoreTaiwan clarifies only full-time personnel qualify as eligible expenditure for R&D tax credit
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and
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