Australia: ATO to revise transfer pricing guidance on imported products
The Australian Taxation Office (ATO) is revising its guidance (PCG 2029/1) on transfer pricing risks for businesses that import foreign goods and digital services. The ATO also plans to update its benchmarking tool by December, refining how it
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Taiwan: Tax Authority clarifies rules for claiming losses on damaged assets
Taiwan’s National Taxation Bureau of the Southern Area outlined rules for claiming losses on damaged assets. Southern Taiwan recently faced torrential rains, causing flooding in low-lying areas. The National Taxation Bureau of the Southern
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India: MoF clarifies transfer pricing tolerance range for FY 2025-26
India’s Ministry of Finance (MoF) has issued a notification on 6 November 2025, setting tolerance limits for arm’s length pricing in international and specified domestic transactions for the assessment year 2025-26. Under the new rules, the
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US: Trade deals with several countries pledge to avoid discriminatory treatment of US digital goods, services
The Trump Administration's trade framework agreements, announced this week by the White House, include commitments from Argentina (signed 13 November 2025), Ecuador (signed 13 November 2025), El Salvador (signed 13 November 2025), Guatemala (signed
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US exempts Indian farm exports from tariffs
Indian agricultural exporters will benefit after US President Donald Trump exempted dozens of food items from tariffs. Products such as tea, coffee, spices, and cashew nuts, previously hit with duties of up to 50%, are included in the
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Thailand, US to continue trade talks despite border clashes with Cambodia
Thailand will continue trade talks with the US independently of its border dispute with Cambodia, the government said after Prime Minister Anutin Charnvirakul spoke with President Trump on Friday, 14 November 2025. The decision came after
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US hopes to finalise rare earths agreement with China by Thanksgiving
US Treasury Secretary Scott Bessent expressed optimism on 16 November 2025 that a trade deal on rare earths between the US and China could be finalised by Thanksgiving. Bessent’s remarks came after a framework agreement reached last month,
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Cambodia to introduce 20% capital gains tax from 2026
Cambodia’s General Department of Taxation issued Notification No. 34236 on 30 October 2025, confirming that a 20% capital gains tax (CGT) will take effect on 1 January 2026. The tax will apply to six types of assets: leases, investment assets,
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US, South Korea (Rep.) release fact sheet of trade deal
US President Donald Trump and Korea (Rep.) President Lee Jae Myung released a joint fact sheet regarding the signed trade and investment agreement between the two countries on 13 November 2025. The US and Korea (Rep.) signed a major trade
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Australia welcomes US beef tariff rollback, calls for full trade reciprocity
Australia welcomed US President Donald Trump’s removal of tariffs on beef and other food products, while urging the US to eliminate all tariffs on Australian goods. However, Australian Prime Minister Anthony Albanese emphasised the
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Taiwan: MoF clarifies annual gift tax exemption rules
Taiwan’s Southern District National Taxation Bureau of the Ministry of Finance (MoF) clarified that the annual gift tax exemption is calculated based on the donor, not the recipient. If the total value of property a donor gives to others within
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OECD publishes tax information exchange peer review findings for Eswatini, Jordan, Vietnam
The OECD has unveiled new peer review reports on tax information exchange for Eswatini, Jordan, and Vietnam on 10 November 2025. The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) published the peer
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Taiwan introduces business tax rules for influencers
Taiwan's Ministry of Finance's Taipei National Taxation Bureau has announced, on 13 November 2025, the implementation of new tax regulations specifically targeting individuals who earn income through online platforms, commonly known as
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Singapore, Brazil: Amending protocol to tax treaty enters into force
The Inland Revenue Authority of Singapore (IRAS) announced that the Protocol amending the income tax treaty between Singapore and Brazil, formally titled the Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and the
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Taiwan: Ministry of Finance clarifies declaration of overseas income for households
The Taipei National Taxation Bureau of the Ministry of Finance in Taiwan stated, on 13 November 2025, that when taxpayers file their individual income tax returns, if the total amount of non-Republic of China (ROC) source income and income from Hong
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Taiwan: NTB clarifies scope of business tax
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated, on 13 November 2025, that if a business operator collects compensation or penalty fees arising from the sale of goods or services, these fall within the scope of
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Taiwan: NTBCA rolls out online portal for mandatory tax payments
Taiwan’s National Taxation Bureau of the Central Area (NTBCA) has announced, on 13 November 2025, that taxpayers whose taxes have been transferred to the Administrative Enforcement Agency for compulsory execution may now pay their taxes
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Australia: ATO issues guidance for private groups seeking to claim debt deductions
The Australian Taxation Office has released guidance on 14 November 2025, offering practical tips for private groups seeking to claim debt deductions. When preparing a tax return, private groups must make sure they check if the thin
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