China eases export controls on select materials to US
China’s Ministry of Commerce (MOFCOM) announced on Sunday, 9 November 2025, that it will temporarily suspend part of its 2024 export-control rules on certain dual-use materials shipped to the US. The change, effective from 9 November 2025 to 27
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China allows civilian use of Nexperia chips despite export restrictions
China announced exemptions to its export controls on Nexperia chips for civilian applications on 9 November 2025, aiming to ease the global auto industry's supply chain issues. Nexperia, a Netherlands-based chipmaker owned by China's Wingtech,
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Azerbaijan prepares major tax code reform: Shifts towards transparent, investment-friendly model
Azerbaijan’s State Tax Service (STS) under the Ministry of Economy has unveiled a comprehensive package of amendments to the Tax Code, marking the next stage of the country’s fiscal reform agenda. Speaking at the Milli Majlis Committee on
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Taiwan: National Taxation Bureau explains estate tax rules for untransferred property sales
The Taipei National Taxation Bureau of Taiwan’s Ministry of Finance stated that it often receives inquiries regarding situations where a deceased person (the decedent) had sold real property before death, but the ownership transfer registration
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Taiwan: NTB urges separate invoices for gold jewellery, processing fees
Taiwan’s Northern Region National Taxation Bureau (NTB) has reminded businesses selling pure gold jewellery to issue separate invoices for gold and processing fees, in line with tax regulations. As international gold prices continue to hit
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Kazakhstan: MoF introduces conditional VAT registration for foreign firms
Kazakhstan’s Ministry of Finance has introduced new rules for foreign companies to register for VAT when selling goods or providing services through online platforms. These rules were issued via Ministry of Finance Order No. 636 of 28 October 2025
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Hong Kong: IRD mandates digital residency certificate for tax benefits under mainland China agreement
The Hong Kong Inland Revenue Department (IRD) has announced that, effective 10 November 2025, the Hong Kong Special Administrative Region will issue digital Certificates of Resident Status in place of paper certificates for tax benefits under the
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Uzbekistan agree on trade deal with the US
The US and Uzbekistan agreed on a trade and economic deal on 7 November 2025. President Donald Trump announced on Truth Social that Uzbekistan intends to invest and purchase approximately USD 35 billion from U.S. sectors over the next three
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Singapore: Government presents second reading opening remarks on the Finance (Income Taxes) Bill
Singapore’s Senior Minister of State for Finance Jeffrey Siow has presented second reading opening remarks on the Finance (Income Taxes) Bill at the parliament on 6 November 2025. The Bill serves two main purposes: First, it updates the
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India, Bahrain to negotiate for tax treaty
India and Bahrain have agreed to initiate negotiations on an income tax treaty, the two countries announced during their fifth High Joint Commission (HJC) meeting in New Delhi on 3 November 2025. The proposed treaty would mark the first tax
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Oman: Tax Authority introduces tax incentives for listed, converting companies
Oman’s Tax Authority announced on the social media platform “X“ new tax incentives targeting businesses that list on the Muscat Stock Exchange or the Promising Companies Market, as well as companies converting from limited liability companies
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Japan: NTA updates Pillar 2 tax Q&A guidance
Japan’s National Tax Agency (NTA) updated its Q&A guidance, in October 2025, on the Pillar 2 global minimum tax for fiscal years starting 1 April 2024. The guidance provides a detailed Question and Answer (Q&A) framework on the
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Australia: ATO consults draft Public CBC reporting instructions
The Australian Taxation Office announced yesterday, 5 November 2025, that consultations are open on the draft instructions for completing the Public country-by-country (CBC) report. Under the Public CBC reporting rules, certain public and
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Singapore: IRAS classifies subordinated perpetual securities as debt
The Inland Revenue Authority of Singapore released Advance Ruling Summary No. 21/2025 on 3 November 2025, addressing the classification of subordinated perpetual securities as debt and the deductibility of distributions paid on them as
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Taiwan clarifies rules for deductible corporate donations to Mainland China
The Taichung Branch of Taiwan’s National Taxation Bureau (Central Area) under the Ministry of Finance stated that, under Article 79 of the Regulations Governing Assessment of Profit-Seeking Enterprise Income Tax, profit-seeking enterprises must
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Australia: BoT redesigns Voluntary Tax Transparency Code (VTTC)
The Board of Taxation (BoT) has completed a redesign of the Voluntary Tax Transparency Code (VTTC), which provides principles and minimum standards to guide medium and large businesses in publicly disclosing tax information. The BoT, responsible
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China eases tariffs on select US agricultural products
China announced plans today, 5 October 2025, to suspend some of the retaliatory tariffs it imposed on US imports, following a recent meeting between the leaders of the two nations. Starting 10 November, China will lift duties of up to 15% on
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Kazakhstan: Government scales back SME tax restrictions in partial Tax Code rollback
In late October 2025, the Kazakh government announced a partial rollback of several measures in its new Tax Code, responding to concerns that certain provisions would place an excessive burden on small and medium-sized enterprises (SMEs) and
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