Singapore: MoF consults 2026 Budget
Singapore’s Ministry of Finance (MOF) has opened a public consultation for Budget 2026, inviting individuals, organisations, and businesses to share their views from 2 December 2025 to 12 January 2026. Budget 2026 is scheduled to be presented
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OECD: The Global Forum on Tax Transparency holds 18th Plenary in India
The OECD announced the opening of the 18th Plenary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, held in New Delhi, India, on 2 December 2025. International community meets in New Delhi to reflect on
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Taiwan: Tax authority sets Q4 2025 deduction deadline
Taiwan’s Southern Region National Tax Administration of the Ministry of Finance has reminded businesses using the assessed method for calculating business tax to declare input tax certificates for the fourth quarter of 2025 by 5 January 2026. The
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Taiwan seeks reduction in US tariffs
Taiwan is seeking to lower tariffs on its exports to the US from 20% to 15%, as trade negotiations between the two sides near completion, officials said on 1 December 2025. Taiwan’s top trade negotiator, Jenni Yang, said the talks follow the
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India: Government introduces excise bills to replace GST compensation cess on ‘sin goods’
India’s government introduced two tax bills in Parliament on 1 December 2025 aimed at overhauling levies on ‘sin goods’ such as tobacco, pan masala, and other similar products ahead of next year’s phase-out of the Goods and Services Tax
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Angola, Vietnam conclude first round of tax treaty talks
Angola and Vietnam officials held their initial discussions on an income tax treaty from 25 to 27 November 2025 in Hanoi. If concluded, this agreement would mark the first tax treaty between the two nations. The treaty will need to undergo
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US maintains tariff exemptions on select Chinese industrial products
The US has announced a one-year extension of tariff exemptions on certain Chinese industrial and medical goods, including equipment used to produce solar-energy products, following a recent US-China trade agreement. These exemptions, originally
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Rwanda: Cabinet approves tax treaty with Hong Kong
Rwanda’s Cabinet has approved the ratification of the income tax treaty with Hong Kong on 28 November 2025. The treaty, signed on 9 October 2025, marks the first agreement of its kind between the two jurisdictions. The agreement aims to
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Philippines: DoF halts all on-site tax audits and related activities
The Philippine Department of Finance (DoF) has announced that the Bureau of Internal Revenue (BIR) will temporarily halt all field audits and related activities on 24 November 2025. This pause was formalised through Revenue Memorandum Circular (RMC)
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US reduces tariffs on Korea (Rep.) vehicles to 15%
The US will reduce import duties on Korea (Rep.) automobiles to 15%, retroactive to 1 November, aligning with the tariffs applied to Japan and the EU, Commerce Secretary Howard Lutnick announced on 2 December 2025. The measure follows last
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Japan, Turkmenistan income tax treaty comes into force
The income tax treaty between Japan and Turkmenistan came into effect on 27 November 2025. Signed on 16 December 2024, it replaces the 1986 tax treaty that previously applied between Japan and the former Soviet Union for Turkmenistan. The
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Singapore: Government announces property tax rebate for owner-occupied homes
The Singapore Government will provide a one-off Property Tax (PT) rebate in 2026 for all owner-occupied residential properties. All one- and two-room HDB flats will continue to pay no PT. Owner-occupiers of three-room and larger HDB flats will
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Singapore: IRAS updates GST rules for remote services from overseas providers
The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on purchasing remote services from overseas service providers, clarifying the GST application for consumers in Singapore. Under the guidance, non-GST registered
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Taiwan: MoF reminds businesses of Master File and CbC report deadline
The Taiwan's Ministry of Finance (MoF) reminded profit-seeking enterprises that the deadline for submitting Master Files and Country-by-Country (CbC) reports for the fiscal year 2024 is 31 December 2025. This announcement was made on 28 November
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Australia: ATO issues final guidance on global and domestic minimum tax filing requirements
The Australian Taxation Office (ATO) has released Practical Compliance Guideline (PCG) 2025/4, Global and domestic minimum tax lodgment obligations - transitional approach, on transitional approaches for global and domestic minimum tax lodgment
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Vietnam, Solomon Islands hold negotiations on bilateral treaty and cooperation
Vietnam’s Central Party Secretary and Foreign Minister Lê Hoài Trung held negotiations with Solomon Islands Foreign and External Trade Minister Peter Shanel Agovaka during the latter’s official visit to Vietnam from 11–13 November, marking
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Australia: ATO releases top 500 tax performance program 2025 findings report
The Australian Taxation Office (ATO) released its 2025 findings report on 27 November 2025, providing insights and best practices for the top 500 privately owned and wealthy groups. The 2025 findings report shines a light on the key tax issues
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Singapore begins mandatory e-invoicing implementation for select GST-registered businesses
Singapore has launched the mandatory implementation of InvoiceNow for GST-registered businesses, starting with those that voluntarily register for GST. From 26 November 2025, these businesses must transmit invoice data to the Inland Revenue
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