Singapore clarifies timing rules for GST input tax claims
The Inland Revenue Authority of Singapore (IRAS) has clarified the rules for determining the accounting period in which businesses may claim GST input tax, including the circumstances under which claims can be based on the date of a tax invoice or
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Hong Kong: IRD issues CARF implementation guidance
The Hong Kong Inland Revenue Department (IRD) has published new guidance outlining the implementation of the Crypto-Asset Reporting Framework (CARF) in Hong Kong. This follows after the Hong Kong Inland Revenue Department announced that the
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Philippines pursues 10 DTAs, advances Pillar Two implementation to boost investment
The Philippines is stepping up efforts to attract foreign investment by expanding its network of double taxation agreements and advancing legislation to implement the OECD's Pillar Two global minimum tax rules. According to a report published by
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EU reportedly considers tariffs on Chinese hybrid vehicles amid trade tensions
The European Commission is preparing additional trade duties targeting Chinese-made plug-in hybrid vehicles, according to a report by the German business publication Handelsblatt on 19 June 2026. The announcement comes as EU leaders intensify
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Australia raises small business GGT threshold, unveils startup tax concession plans
The Australian government has announced additional implementation details for its tax reform package on 18 June 2026 following an extensive first phase of post-Budget consultations. The package includes a significant expansion of small business
See MorePhilippines: BIR begins preparations for implementation of Pillar Two QDMTT
The Philippines Bureau of Internal Revenue (BIR) announced on 11 June 2026, through a Facebook post, that it has begun preparations for the possible implementation of the proposed Qualified Domestic Minimum Top-Up Tax (QDMTT), a measure pushed by
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Slovak Republic to sign new income tax treaty with Sri Lanka
The government of the Slovak Republic has approved the signing of a new income tax treaty with Sri Lanka via Resolution 251/2026 on 17 June 2026. The agreement is intended to eliminate double taxation, strengthen economic cooperation, and curb
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Singapore updates GST InvoiceNow guidance ahead of nationwide rollout
Singapore's Inland Revenue Authority (IRAS) has updated its guidance on the GST InvoiceNow Requirement, providing clearer implementation details and expanded support measures as the country moves towards mandatory e-invoicing for all GST-registered
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Malaysia gazettes employer tax incentive for flexible work practices
Malaysia has gazetted the Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026 on 16 June 2026. The Income Tax (Deduction for the Costs of Implementation of Flexible Work Arrangements) Rules 2026
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India increases export excise duty on diesel, aviation turbine fuel
India has increased the special additional excise duty (SAED) on exports of diesel and aviation turbine fuel (ATF) through two notifications issued by the Ministry of Finance on 15 June 2026, with the revised rates taking effect from 16 June
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Sri Lanka unveils major tax law changes covering income, WHT, registration
Sri Lanka has enacted a wide-ranging set of tax reforms under the Inland Revenue (Amendment) Act, No. 11 of 2026, introducing changes to income tax, withholding tax (WHT), capital gains tax, taxpayer registration and compliance requirements. The
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Australia: ATO issues guidance on GIR XML file requirements for globe information return
The Australian Taxation Office (ATO) has recently issued guidance on the XML file requirements for the GloBE Information Return (GIR), offering clarification to assist filers in completing specific GIR data elements. When preparing the GloBE
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Taiwan highlights key changes under renewed Singapore tax agreement
Taiwan’s National Taxation Bureau of the Central Area, Ministry of Finance ( NTBCA) stated, on 5 June 2026, that the renewed “Agreement between the Taipei Representative Office in Singapore and the Singapore Trade Office in Taipei for the
See MoreHong Kong: Government welcomes passage of Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026
Hong Kong’s government welcomed the passage of the Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026 by the Legislative Council on 17 June 2026, to enhance the administrative framework for the automatic exchange of
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Vietnam clarifies reporting obligations under CbC MCAA
Vietnam's Department of Taxation has released Official Letter No. 3870/CT-CS on 10 June 2026, providing guidance on the implementation of obligations relating to Country-by-Country (CbC) Reports . The guidance follows Vietnam’s accession to the
See MoreSri Lanka: IRD notifies taxpayers of May 26 VAT, VAT on FS filing deadlines
The Inland Revenue Department (IRD) of Sri Lanka has issued reminders to taxpayers regarding Value Added Tax (VAT) and VAT on Financial Services (VAT on FS) for the month of May 2026. Both payments and returns must be completed within the
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Thailand: Cabinet approves GloBE information exchange agreement under Pillar Two
Thailand’s Cabinet has approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), marking a further step in the country’s implementation of the OECD/G20 Inclusive Framework’s Pillar
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Hong Kong: IRD reminds property owners of 2025/26 tax filing obligations
The Hong Kong Inland Revenue Department has issued a notice outlining the property tax obligations of property owners for the year of assessment 2025/26. Property tax is charged on owners of land and/ or buildings ("Landed Property") by reference
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