Australia: Treasury consults proposed tax concessions for alcohol producers
The deadline for submitting feedback is 22 September 2025. Australia’s Treasury has released draft legislation for consultation on proposed tax relief measures for alcohol producers as part of its 2025–26 Budget commitments. Higher rebate
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Australia: NSW Government to extend build-to-rent (BTR) tax concessions indefinitely
The draft legislation would make the 50% land tax reduction for build-to-rent properties permanent and grant stamp duty and land tax concessions to eligible foreign developers. Australia’s New South Wales (NSW) Government has introduced draft
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Australia: ATO consults on top 100 GST program changes
The deadline to submit comments is 29 September 2025. The Australian Taxation Office (ATO) has opened a consultation on 8 September 2025 regarding updates to its Top 100 Goods and Services Tax (GST) program. These changes are aimed at high
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Cyprus, Vietnam to sign income tax treaty
Cyprus and Vietnam have been negotiating for an income tax treaty since 2015. Officials from Cyprus and Vietnam have agreed to sign an income tax treaty on 8 September 2025, which has been under negotiation since 2015. The latest development
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Philippines introduces tax reforms targeting large-scale metallic mining activities
Republic Act No. 12253 takes effect on 20 September 2025, affecting large-scale metallic mining contractors 150 days later, with implementing rules to be issued within 90 days. The Philippines has published Republic Act No. 12253, an Act
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Taiwan: MoF revises annual sales threshold for offshore e-service tax registration
Taiwan’s Ministry of Finance has set a new TWD 600,000 annual sales threshold for offshore electronic service providers to register for tax. Taiwan’s Ministry of Finance has announced guidance on the yearly sales threshold required for
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Sri Lanka: Inland Revenue announces end of SVAT scheme
The Inland Revenue Department will repeal the SVAT Scheme from 1 October 2025, with September (monthly) and July (quarterly) being the last periods under SVAT, after which standard VAT rules apply. Sri Lanka’s Inland Revenue Department has
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Vietnam: Government issues decree on Pillar 2 global minimum tax implementation, includes compliance
The Decree outlines Vietnam’s Pillar 2 global minimum tax rules for MNEs, including IIR and QDMTT, specifying notification, registration, and reporting deadlines. Vietnam’s government announced that it has issued Decree No. 236/2025/ND-CP,
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Turkey: Government tightens criteria for simplified business taxation
The simple method allows eligible taxpayers to calculate business income by subtracting expenses from revenue without detailed accounting, provided they meet the participation, rental, turnover, and IIT exemption criteria. Turkey’s government
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Singapore: IRAS publishes updated FAQs on GST registration obligations
IRAS updated its FAQs on 28 August 2025 to clarify GST registration requirements for businesses.= The Inland Revenue Authority of Singapore has updated its guidance on Do I need to register for GST on 28 August 2025. This includes new and
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Korea (Rep.), Bangladesh begin CEPA negotiations
Korea (Rep.) and Bangladesh began CEPA talks in Seoul to strengthen trade and economic ties. Korea (Rep.) and Bangladesh began official talks in Seoul from 25 to 27 August 2025, to negotiate a Comprehensive Economic Partnership Agreement
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Taiwan extends deadline for foreign tax treaty applications
Taiwan’s Ministry of Finance clarifies that foreign taxpayers can now apply for income tax treaty benefits up to ten years from tax payment, subject to treaty-specific rules. Taiwan’s Ministry of Finance has released a statement providing
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Sri Lanka: Cabinet approves delay in VAT for non-resident digital service providers
Sri Lanka delays VAT implementation from 1 October 2025 to 1 April 2026 for compliance purposes. Sri Lanka’s Cabinet has approved a postponement of the Value Added Tax (VAT) on digital services supplied by overseas companies to local
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Thailand: Cabinet approves bill on Qualified Refundable Tax Credits in Pillar 2 framework
The Bill allows promoted companies to receive cash refunds for unused tax credits, which are treated as income for Pillar 2 purposes, ensuring no adverse effect on the effective tax rate. QRTCs cover investments in R&D, advanced skills,
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Uzbekistan: President announces tax incentives for legal firms
From 1 January 2026, legal entities switching from turnover tax to VAT for the first time will receive a 1-year corporate tax exemption, a 1-year waiver of VAT registration penalties, and a six-month deduction on accounting
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Australia strengthens beneficial ownership transparency, expands small business asset deductions
The key measures focus on improved beneficial ownership disclosure for listed entities and the extension of the instant asset write-off for small businesses. The Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill
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Australia, New Zealand agree on arbitration framework under BEPS MLI
The Memorandum of Arrangement sets out rules for arbitration requests, required information, arbitrator appointments, and the overall arbitration process. The Australian Taxation Office (ATO) and New Zealand signed a Memorandum of Arrangement
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US: Trump signs executive order advancing trade agreement with Japan
The executive order sets a 15% tariff on Japanese imports to the U.S., replacing the previous 35% rate, retroactive to 7 August 2025, while eliminating tariffs on civilian aerospace goods, metals (aluminium, copper, steel), and automobiles and
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