New Zealand: Revenue Minister unveils updated tax and social policy plan
New Zealand’s Revenue Minister Simon Watts unveiled an updated Tax and Social Policy Work Programme aimed at boosting economic growth by enhancing the country’s appeal to investors, skilled professionals, and small businesses on 29 October
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Japan: Tax authorities publish updated corporate tax guide for 2025
Japan’s tax authorities released a detailed guide to corporate tax law and filing procedures on 1 October 2025. The guide explains how to calculate taxable income and outlines different types of taxpayers, including ordinary and public interest
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US: Trump administration releases factsheet on US-China trade deal
The Trump Administration released a fact sheet detailing the trade agreement reached between the US and China on 30 October 2025, on 1 November 2025. This follows the announcement by US Treasury Secretary Scott Bessent on 26 October 2025 that the
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Bangladesh: Central Bank may lower policy rate in January 2026
Bangladesh’s central bank, Bangladesh Bank, has hinted at a potential adjustment to its policy rate in the upcoming monetary policy, which is anticipated for January 2026, following a meeting with the visiting IMF Fifth Review Mission on 30
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Vietnam: MoF releases pillar 2 tax procedures, forms
Vietnam’s Ministry of Finance has issued Decision 3563/QD-BTC introducing new tax administrative procedures and forms on 21 October 2025, under the management of the Tax Management Department of Large Enterprises, in line with Decree
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India: CBDT extends income tax returns, audit report deadlines for AY 2025-26
The Central Board of Direct Taxes (CBDT), operating under the Government of India's Ministry of Finance, Department of Revenue, has announced an extension of deadlines for filing Income Tax Returns (ITRs) and various reports of audit for the
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New Zealand: Opposition party proposes targeted capital gains tax to fund free doctor visits
RF Report The Labour Party of New Zealand, the leading opposition party in parliament, has announced a proposal which targets capital gains tax on profits from the sale of commercial or residential properties, excluding the family home,
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Taiwan: Tax Bureau clarifies making up past losses in undistributed earnings
RF Report HuWei Office, National Taxation Bureau of the Central Area, Ministry of Finance, Taiwan, stated, pursuant to Article 66-9 of the Income Tax Act, when a profit-seeking enterprise files its undistributed earnings, its surplus earnings can
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India to impose import duty on yellow peas from November
RF Report The Indian government will impose a 30% import duty on yellow peas from 1 November 2025 to support domestic pulse prices ahead of the rabi season. Shipments dated on or before 31 October are exempt from this levy. Pulse prices,
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US and Korea (Rep.) sign trade deal, reduces auto tariffs
RF Report The US and Korea (Rep.) signed a major trade agreement on 29 October 2025. The key aspect of this agreement is the reduction of US tariffs on automobiles and auto parts imported from Korea (Rep.), from 25% to 15%. In exchange for
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US and Japan sign trade deal, critical minerals pact
RF Report The US and Japan finalised a new trade agreement on 28 October 2025 that implements the terms of a July deal, easing tariff tensions and deepening economic cooperation. Under the arrangement, the US will apply a reduced 15% tariff on
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US reduces Chinese tariffs post Trump-Xi meeting
RF Report US President Donald Trump announced a significant agreement with Chinese President Xi Jinping during their meeting at the APEC summit in South Korea on 30 October 2025. The two leaders agreed to reduce tariffs and address key trade
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Australia: ATO updates APA guidance
The Australian Taxation Office (ATO) updated Law Administration Practice Statement PS LA 2015/4 to reflect enhancements to its advance pricing arrangement (APA) programme. The changes incorporate recommendations from the ATO’s 2023 APA Programme
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Japan,Turkmenistan tax treaty to enter into force in November
Regfollower Desk Japan and Turkmenistan exchanged diplomatic notes in Ashgabat to bring into force the “Convention between Japan and Turkmenistan for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax
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Thailand: Cabinet approves temporary tourism tax incentives for Q4 2025
Regfollower Desk The Thai Cabinet approved a series of tax measures to promote domestic tourism, as announced by the Thai Revenue Department. The initiatives include incentives for individual travellers, corporate tax deductions for domestic
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Cambodia, Malaysia, Thailand sign agreement to scrap implementation of digital services taxes on US firms
Regfollower Desk The White House recently announced trade agreements with Cambodia, Malaysia, and Thailand, which include commitments from these nations to avoid imposing digital services taxes (DSTs) or similar measures that could unfairly
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China strengthens trade ties with ASEAN
Regfollower Desk China and the ASEAN bloc signed an upgraded free trade agreement on 28 October 2025, marking a significant step in their economic partnership. The new deal, referred to as the 3.0 version, focuses on emerging sectors such as
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Taiwan revises customs consultation rules to protect taxpayer rights
Regfollower Desk Taiwan’s Customs Administration, Ministry of Finance, announced that it revised and promulgated the Operation Directions for the Consultation of Customs Cases (the “Directions”) on 15 July 2025. The update aims to protect
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