Taiwan clarifies business tax rules for overseas e-commerce platforms
The Central Taiwan National Taxation Bureau of the Ministry of Finance announced on 14 August 2026 that businesses and individuals purchasing electronic services from overseas e-commerce platforms (such as Google, Microsoft, Amazon, and Apple)
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Australia: ATO publishes updated CGDMTR lodgment instructions for Pillar Two groups
The Australian Taxation Office (ATO) has published updated guidance on 4 August 2026 on Global Anti-Base Erosion (GloBE) joint ventures, including instructions for completing the Combined Global and Domestic Minimum Tax Return (CGDMTR). The expanded
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Bangladesh, Singapore advance free trade agreement negotiations
Officials from Bangladesh and Singapore have called for the early conclusion of the proposed bilateral Free Trade Agreement (FTA) and stronger business-to-business engagement to expand trade, investment and economic cooperation during separate
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Taiwan announces 2026 provisional income tax return filing dates
Taiwan's National Taxation Bureau of the Southern Area, under the Ministry of Finance, has announced that the filing period for the provisional income tax return relating to profit-seeking enterprise income tax for the 2026 fiscal year will run from
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Cambodia: MEF abolishes stamp duty penalties on property transfers
Cambodia’s Ministry of Economy and Finance ("MEF") on 4 August 2026 issued Notice No. 008 on the Principles of Exemptions and Tax Concessions on the Transfer of Ownership or Possession of Immovable Property ("Notice 008"), introducing a package of
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Thailand updates penalty, surcharge waiver rules
The Thai Revenue Department has issued two new orders, Order No. 369/2569 (2026) and Order No. 370/2569 (2026) on 2 July 2026, which set out the criteria and delegation of authority for waiving or reducing penalties and surcharges related to
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Bangladesh, Estonia advance talks on signing income tax treaty
Bangladesh and Estonia agreed to strengthen bilateral relations during the 2nd Foreign Office Consultations held in Tallinn on 10 August 2026, according to a post by Bangladesh’s Ministry of Foreign Affairs. Both sides also discussed concluding
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India: MoF issues new central excise notifications for petroleum products
India’s Ministry of Finance (MoF) has issued three notifications revising Central Excise duty rates on select petroleum products. The Department of Revenue issued Notification Nos. 40/2026-Central Excise, 41/2026-Central Excise and
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China tightens tax scrutiny of offshore trusts, investments, insurance
China has expanded a tax-collection drive targeting undeclared income and capital gains from overseas assets held by ultra-high-net-worth individuals, as fiscal pressures deepen following the prolonged property market downturn, through Announcement
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Indonesia: DGT delays tax collection by e-commerce platforms until November 2026
Indonesia’s Directorate General of Taxes (DGT) has postponed the implementation of marketplace obligations to collect Article 22 Income Tax from domestic traders until 31 October 2026, with the collection requirement now scheduled to take effect
See MoreSingapore: IRAS updates GST guidance for property owners
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the GST treatment of property transactions, including the treatment of an Option to Purchase (OTP) containing a nominee clause. The IRAS has published the GST: Guide for
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Hungary authorises signing of tax treaty with New Zealand
Hungary published Government Resolution 1254/2026. (VIII. 7.) in the Official Gazette on 29 June 2026, authorising the signing of an income tax treaty with New Zealand. The tax treaty aims to eliminate double taxation on income and strengthen
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Taiwan issues withholding tax Ruling for P2P platforms
Taiwan’s Ministry of Finance issued an interpretive ruling on 6 August 2026 clarifying that online lending platform businesses (P2P platform operators) must withhold tax on interest income paid to lenders when they manage the transfer of loan
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Sri Lanka: IRD reminds taxpayers of first 2026/27 income tax instalment deadline
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the Year of Assessment 2026/2027 is due by 15 August 2026. The deadline applies to Corporate Income Tax (CIT), Individual Income
See MoreSingapore: IRAS updates major exporter scheme GST guide with revised compliance requirements
The Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide GST: Major Exporter Scheme (Eighteenth Edition) on 3 August 2026, setting out the latest guidance on the operation of the Major Exporter Scheme (MES). The guide explains
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Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
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Taiwan: Ministry of Finance issues P2P lending withholding tax guidance
Taiwan’s Ministry of Finance on 6 August 2026 issued an interpretative order clarifying the withholding tax requirements for interest income paid through peer-to-peer (P2P) lending platform operators. Under the order, when a business operating
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India: Lok Sabha approves taxation, other laws (Amendment) Bill 2026
India's Lok Sabha passed the Taxation and Other Laws (Amendment) Bill (Bill No. 150 of 2026) 2026 on 6 August 2026, after it was introduced in Parliament on 4 August. The Bill proposes a series of amendments to the Income-tax Act, 2025, the
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