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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Kazakhstan: Ministry of Finance introduces new tax returns forms
Kazakhstan has officially published new tax reporting forms on 17 November 2025 under Ministry of Finance Decision No. 695. The updated forms cover corporate income tax, individual income and social tax, VAT, and corporate tax withheld from
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Kazakhstan: Ministry of Finance approves new tax forms, clearance certificate for 2026
Kazakhstan’s Ministry of Finance has approved a comprehensive set of tax reporting forms and a new tax clearance certificate under Order No. 695, published officially on 17 November 2025, to take effect from 1 January 2026 in line with the updated
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Australia: Victoria parliament approves amendments to omnibus state tax bill, receives royal assent
The Victorian government has passed the State Taxation Further Amendment Act 2025 (the Act), which received Royal Assent on 25 November 2025. The Act implements changes to the congestion levy announced in the 2024–25 Budget Update and amends
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Taiwan: Tax Bureau clarifies CFC investment income deductions
Taiwan’s National Taxation Bureau, under the Ministry of Finance, has clarified rules on the calculation of Controlled Foreign Company (CFC) investment income for profit-seeking enterprises, emphasising that accumulated losses recorded in a
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Taiwan: Basic income tax thresholds, related deductions to remain unchanged for 2026
Taiwan’s Ministry of Finance (MOF) has confirmed that the amounts of basic income eligible for an exemption from income basic tax and related deductions will remain unchanged for 2026, in line with the Income Basic Tax Act. This announcement
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Australia: ATO issues guidance on Pillar 2 filing obligations
The Australian Taxation Office (ATO) issued a guideline outlining its transitional approach to penalties and expectations for the four new Pillar 2 filing obligations on 26 November 2025, offering tailored guidance and certainty for MNEs during the
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Sri Lanka: Cabinet approves signing of amending protocol to tax treaty with Luxembourg
The Sri Lankan Cabinet approved the signing of an amending protocol to the 2013 income and capital tax treaty with Luxembourg on 24 November 2025. The new agreement aims to align with the latest international standards and implement
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Qatar: General Tax Authority updates withholding tax forms, adds contract notification reference
Qatar’s General Tax Authority has announced amendments to the withholding tax forms, introducing a new field requiring the reference number of the contract notification issued through the “Tax” system. This addition comes alongside the
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