Singapore: IRAS issues ruling on tax treatment of cash premium in REIT securities exchange
IRAS clarified tax treatment of REIT securities exchange. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary No. 20/2025 on 1 September 2025, outlining the tax implications of a cash premium paid in connection
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Taiwan reminds foreigner taxpayers to file property returns within 30 days
The Ministry of Finance reminded foreign nationals to file property tax returns within 30 days of transfer completion. The National Taxation Bureau of Taipei, Ministry of Finance states that any individual, whether a Taiwanese or foreign
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Hong Kong: IRD extends filing deadline for 2024-25 profits tax returns
IRD extended the 2024/25 Profits Tax return filing deadline for ‘M’ code cases. The Hong Kong Inland Revenue Department (IRD) has announced on 2 October 2025 an extension for the lodgement of 2024/25 Profits Tax returns under the Block
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Australia: ATO issues final ruling on thin capitalisation third-party debt rules
The TPDT, introduced by the 2024 Treasury Laws Amendment, replaces the arm's length debt test for general investors and financial entities with a simpler, more streamlined method. The Australian Taxation Office (ATO) has issued Taxation Ruling TR
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Malaysia: RMCD updates sales tax exemptions for motorcycles, soya beans, machinery
RMCD updates sales tax exemptions on motorcycles, soya beans, and machinery. The Royal Malaysian Customs Department (RMCD) has issued updated guidance on sales tax exemptions granted by the Minister of Finance. Under Sales Tax Policy 1/2025,
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OECD: Australia, Belgium, Netherlands, New Zealand revise arbitration rules under BEPS MLI
Part VI of the MLI enables jurisdictions that opt in to implement mandatory binding arbitration to resolve disputes arising under tax treaties. The OECD has released updated arbitration profiles for Australia, Belgium, Netherlands, and New
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Pakistan: FBR extends 2025 corporate income tax return deadline
The extension has been granted in response to requests made by various trade bodies, tax bar associations and the general public. Pakistan’s Federal Board of Revenue (FBR) announced, on 30 September 2025, that the deadline for filing of
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Kazakhstan revises list of jurisdictions with preferential tax regimes
Kazakhstan updates list of 56 preferential tax jurisdictions, effective January 2026. Kazakhstan has issued Order No. 492 on 12 September 2025, updating the list of countries and territories with preferential tax regimes. The order, which
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China lowers consumption tax threshold on ultra-luxury vehicles
China will lower the consumption tax threshold for super luxury cars from CNY 1.3 million to CNY 900,000. China’s Ministry of Finance and State Taxation Administration will lower the consumption tax threshold for super luxury cars from CNY
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India, Uzbekistan IPA enters into force
The agreement encourages investment, ensures protection and transparency, provides mechanisms for resolving disputes, and supports a strong investment climate to strengthen economic ties between the two countries. The India–Uzbekistan
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Pakistan, Lithuania sign income tax treaty
The agreement aims to prevent double taxation on income and capital between the two countries while addressing tax avoidance and evasion issues. Pakistan’s Foreign Ministry announced, on 24 September 2025, that Pakistan and Lithuania signed an
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Bhutan proposes establishing FTA with Bangladesh
Bhutan and Bangladesh held talks on the sidelines of the 80th UN General Assembly. Bhutanese Prime Minister Tshering Tobgay and Bangladesh’s Chief Adviser Muhammad Yunus met on 27 September 2025 at the UN headquarters in New York, on the
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Taiwan: National Taxation Bureau urges biotech, pharma firms to note deadline for shareholder investment tax credit
Under the Act for the Development of Biotech and Pharmaceutical Industry, profit-seeking enterprises that invest in qualifying companies may claim a tax reduction, but applications for the required certificate must be submitted no later than 31
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Singapore: IRAS issues advance ruling on tax treatment of business transfer transactions
Singapore’s tax authority has clarified the income tax treatment of business transfer transactions in Advance Ruling Summary No. 19/2025, confirming that such transfers are capital in nature, with specific rules applying to inventories, capital
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Taiwan: Taxation Administration announces statutory payment period for commercial vehicle license tax for second half of 2025
The Taxation Administration stated that the tax payment notice will be sent to taxpayers by mail by the tax collection authorities under their local governments. Taiwan’s Taxation Administration has announced that the statutory payment period
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Australia: ATO releases summary of initial Pillar 2 briefing
The session focused on the engagement with multinational enterprise (MNE) groups that may be in-scope of the measure, and with tax advisers providing specialist services around Pillar Two. The Australian Taxation Office (ATO) has released a
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Philippines, Singapore to revise income tax treaty
The first round of negotiations took place from 2-4 September 2025. The Philippines’ Department of Finance announced the beginning of discussions to revise its 1977 tax treaty with Singapore on 25 September 2025, with the aim of updating the
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Pakistan: FBR removes estimated market value column from 2025 income tax return form, urges taxpayers to file by 30 September deadline
FBR removed the “estimated market value” column from the 2025 tax return form The Federal Board of Revenue (FBR) has removed the “estimated market value” column from the 2025 Income Tax Return to simplify the filing process for
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