Taiwan clarifies tax treatment of enterprises overseas income from foreign financial products
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance clarified today, 12 March 2026, that income derived by profit-seeking enterprises from investments in foreign financial products constitutes overseas income. Such
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Australia: ATO announces GIC, SIC rates for Q4 2025-26
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2025-26 income year on 6 March 2025. For the quarter commencing on 1 April 2026, the
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North Macedonia, Vietnam income tax treaty enters into force
The income tax treaty between North Macedonia and Vietnam entered into force on 29 August 2025. Signed on 15 October 2014, the treaty is the initial income tax agreement between North Macedonia and Vietnam. The treaty applies to Macedonian
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Singapore: IRAS updates CbC reporting jurisdictions
The Inland Revenue Authority of Singapore (IRAS) updated its Country-by-Country (CbC) Reporting guidance on 6 March 2026, revising the list of jurisdictions with which CbC reports can be automatically exchanged. Jurisdiction Effective
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Bhutan, Singapore conclude second round of tax treaty negotiations
Bhutan's Department of Revenue and Customs reported that officials from Bhutan and Singapore completed the second and final round of negotiations for an income tax treaty on 6 March 2026. Officials resolved outstanding issues in the negotiations,
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Singapore: IRAS updates tax guidance for platform workers
Singapore’s Inland Revenue Authority has released updated guidance on the tax obligations of platform workers. This includes: Basic guide for platform workers The basic guide serves as a checklist for platform workers, including
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Taiwan: MoF explains withholding tax on non-resident dividends
Taiwan’s National Taxation Bureau of the Northern Area (NTBNA) under the Ministry of Finance, issued a notice on 10 March 2026 indicating that, where dividends are distributed by a company to an individual not residing in China or profit-seeking
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New Zealand cuts UOMI rates on tax underpayments and overpayments for 2026
New Zealand's Inland Revenue (IRD) has reduced interest rates on tax payments effective 16 January 2026. The underpayment rate dropped to 8.97% from the previous 9.89%, while the overpayment rate decreased to 2.25% from 3.27%. The earlier
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Cambodia: GDT sets market interest rates for related-party loans
Cambodia’s General Department of Taxation (GDT) has issued Notification No. 5097 GDT, establishing market interest rates for related-party and employee loans for 2025. Under Instruction No. 11946 GDT dated 21 August 2018, which covers
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Taiwan introduces enhanced SME tax deductions for hiring, salary increases
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance announced that, effective 1 January 2024, small and medium-sized enterprises (SMEs) that hire at least two additional domestic grassroots employees aged 24 or below, or
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India: CBDT expands CRS reporting to include crypto assets, digital currencies
The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 in the Official Gazette on 5 March 2026, amending the Income-tax Rules, 1962 (Rules 114F, 114G, 114H) to bring crypto assets, central bank digital currencies (CBDCs), and
See MoreAustralia: ATO reminds businesses to file TPAR to avoid penalties
The Australian Taxation Office (ATO) has reminded businesses of the requirement to lodge a Taxable Payments Annual Report (TPAR) to avoid potential penalties on 9 March 2026. Businesses and government entities who make payments to contractors may
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Hong Kong plans major expansion of unified fund exemption, family office tax concessions
The Hong Kong SAR (HKSAR) government has unveiled proposals in an administrative paper to strengthen preferential tax regimes for funds, family office investment vehicles, and carried interest, following a consultation process in 2024–25. This
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Hong Kong clarifies tax treatment of equity sale gains
The Hong Kong Inland Revenue Department (IRD) has released an advance ruling, dated 28 November 2025, addressing whether a company’s gain from the sale of a long-held equity interest can be treated as a non-taxable capital gain. The ruling
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Australia: ATO updates guidance on critical minerals production tax incentives
The Australian Taxation Office (ATO) has released updated guidance on how to claim the Critical Minerals Production Tax Incentive (CMPTI) on 3 March 2026. In the 2024–25 Budget, the Australian Government announced its Future Made in Australia
See MoreTaiwan: Tax relief available for small businesses affected by natural disaster
The Central Region National Taxation Bureau of the Ministry of Finance (Taiwan) has announced that small-scale business owners whose operations are interrupted due to heavy rain or other natural disasters may apply for tax relief for disaster losses
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Singapore: IRAS advance ruling confirms property sale treated as capital transaction
The Inland Revenue Authority of Singapore (IRAS) has published Advance Ruling Summary No. 4/2026 on 2 March 2026, addressing whether the sale of a company’s property should be regarded as a capital transaction rather than taxable trading
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Korea (Rep.): 2026 tax measures to boost corporate liquidity, strategic investment
Korea(Rep.)’s National Tax Service (NTS) has rolled out comprehensive tax support and administrative measures to assist businesses facing economic challenges and to strengthen strategic growth sectors in 2026. Corporate liquidity and payment
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