Taiwan announces second installment deadline for 2025 business vehicle license tax
Regfollower Desk The Taxation Administration of Taiwan’s Ministry of Finance announced today, 29 October 2025, that the second installment of the 2025 business vehicle license tax began on 1 October 2025, with the payment deadline set for 31
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Taiwan: Tax Administration extends 2025 land value tax deadline
Regfollower Desk The Taiwan’s Taxation Administration has announced yesterday, 28 October 2025, that the statutory payment period for the 2025 land value tax deadline has been extended, from 1 – 30 November 2025, to 1 December due to the last
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Australia: Treasury consults updates to minimum tax rules, aligns with OECD standards
Regfollower Desk The Australian Treasury has opened a consultation on the draft Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2025 Measures No. 1) Rules 2025 on 27 October 2025. These amendments revise certain
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New Zealand: Inland Revenue consults working for families tax credit eligibility rules
Public feedback on the Exposure Draft is open until 9 December 2025. Regfollower Desk New Zealand Inland Revenue on 24 October 2025 released an Exposure Draft (PUB00513) for consultation on eligibility rules for Working for Families tax
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Australia: Federal Court pauses Oracle royalty tax case to permit treaty arbitration with Ireland
The Full Federal Court of Australia ruled in favour of Oracle, allowing its Mutual Agreement Procedure with Ireland to proceed by staying domestic tax proceedings, reaffirming taxpayers’ treaty rights to prevent double taxation over intra-group
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Taiwan: NRNTB mandates e-invoicing requirements for sales returns, purchase returns, discounts
Taiwan businesses must issue and upload electronic credit notes for returns or discounts to comply with tax rules. Regfollower Desk The National Taxation Bureau of the Northern Area (NRNTB) in Taiwan, a regional branch of the Ministry of
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New tax treaty between India, Qatar enters into force
The treaty became effective upon the exchange of ratification instruments and superseded the 1999 tax treaty between the two countries. India issued Notification No. 154/2025/F on 24 October 2025, signaling that the updated income tax treaty
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Vietnam: MoF introduces revenue-based tax rules for business households
Vietnam replaced the presumptive tax with a self-declaration system for business households. The Vietnamese Ministry of Finance (MoF) has issued Decision No. 3389/QĐ-BTC on 6 October 2025, confirming that the presumptive tax collection
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US: Trump administration signs trade deals on rare-earth and critical minerals with Malaysia, Cambodia, Thailand, Vietnam
The US has signed trade and critical minerals agreements with Malaysia, Cambodia, Thailand, and Vietnam to address trade imbalances and secure alternative rare earth supply chains amid China’s export restrictions. The Trump Administration has
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Malaysia: Customs department amends service tax rules, introduces new exemptions
Malaysia’s Customs Department will implement revised service tax policies with additional exemptions from 1 July 2025, following the Ministry of Finance’s announcement of expanded SST regulations. Malaysia’s Customs Department has revised
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US, China agree on rare earth framework amid Trump’s tariff warning
The US and China reached a preliminary trade deal in Malaysia to avert major tariffs and export restrictions, paving the way for upcoming talks between Trump and Xi on trade balance. US Treasury Secretary Scott Bessent announced on 26 October
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Vietnam seeks update tax treaty with Singapore
Vietnam and Singapore officials met on 21 October 2025 to discuss updating the 1994 Income Tax Treaty, aiming to boost investment and strengthen economic ties. Vietnam and Singapore officials met on 21 October 2025 to discuss bilateral
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Iceland, New Zealand sign income tax treaty
This is the first income tax treaty between Iceland and New Zealand. Iceland and New Zealand signed an income tax treaty on 22 October 2025. This development follows after New Zealand’s Ministry of Foreign Affairs and Trade announced that
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Singapore updates guidance on deductible business expenses
IRAS updates business expense guidance, detailing new deductible and non-deductible items and clarifying rules for employee transport reimbursements. The Inland Revenue Authority of Singapore (IRAS) has revised its guidance on business expenses,
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Singapore: IRAS updates GST error correction guidance with new FAQs
IRAS updates GST F7 guidance, clarifying when minor errors need not be corrected. The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on correcting errors in Goods and Services Tax (GST) returns through Form F7, adding six
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Taiwan: Taichung Customs warns public on import compliance, seizes Illegal Christmas plant decorations
Taichung Customs in Taiwan seized banned Christmas decorative plants in express shipments and warned the public about import rules. Taichung Customs, part of the Customs Administration, Ministry of Finance in Taiwan stated that with Christmas
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Indonesia: Central bank maintains key interest rate
Bank Indonesia will continue monitoring the transmission effectiveness of accommodative monetary policy, economic growth, and inflation, as well as rupiah exchange rate stability, to consider further room for BI-Rate reductions. Indonesia’s
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Australia: ATO updates private ruling guidance to address Pillar 2 matters
The update introduces provisions enabling private rulings on Pillar Two interpretative issues and a new “decline to rule” mechanism, reflected in the addition of sections 40A and 40B. The Australian Taxation Office (ATO) has released an
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