Taiwan issues withholding tax Ruling for P2P platforms
Taiwan’s Ministry of Finance issued an interpretive ruling on 6 August 2026 clarifying that online lending platform businesses (P2P platform operators) must withhold tax on interest income paid to lenders when they manage the transfer of loan
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Sri Lanka: IRD reminds taxpayers of first 2026/27 income tax instalment deadline
Sri Lanka’s Inland Revenue Department (IRD) has reminded taxpayers that the first instalment of income tax for the Year of Assessment 2026/2027 is due by 15 August 2026. The deadline applies to Corporate Income Tax (CIT), Individual Income
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Singapore: IRAS updates major exporter scheme GST guide with revised compliance requirements
The Inland Revenue Authority of Singapore (IRAS) has published the e-Tax Guide GST: Major Exporter Scheme (Eighteenth Edition) on 3 August 2026, setting out the latest guidance on the operation of the Major Exporter Scheme (MES). The guide explains
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Australia, Canada sign MOU on arbitration under BEPS MLI
The Australian Taxation Office (ATO) has published a Memorandum of Understanding (MoU) with Canada outlining the application of Part VI (Arbitration) of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and
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Taiwan: Ministry of Finance issues P2P lending withholding tax guidance
Taiwan’s Ministry of Finance on 6 August 2026 issued an interpretative order clarifying the withholding tax requirements for interest income paid through peer-to-peer (P2P) lending platform operators. Under the order, when a business operating
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India: Lok Sabha approves taxation, other laws (Amendment) Bill 2026
India's Lok Sabha passed the Taxation and Other Laws (Amendment) Bill (Bill No. 150 of 2026) 2026 on 6 August 2026, after it was introduced in Parliament on 4 August. The Bill proposes a series of amendments to the Income-tax Act, 2025, the
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Australia: ATO urges large corporates to verify tax transparency data ahead of October report
The Australian Taxation Office (ATO) reminded large corporate taxpayers on 5 August 2026 to review their corporate tax transparency data before the publication of the 2024–25 Corporate Tax Transparency Report. For the 2024–25 income year and
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Korea (Rep.) updates Pillar Two, CFC rules among other measures in 2026 Tax Reform Plan
Korea (Rep.)'s Ministry of Economy and Finance (MoEF) has unveiled its 2026 Tax Reform Plan, proposing a broad package of tax measures aimed at strengthening domestic manufacturing, supporting innovation, expanding tax relief for households and
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Belarus, Myanmar income tax treaty enters into force
The income tax treaty between Belarus and Myanmar entered into force on 15 July 2026. Signed on 28 November 2025, the agreement provides for the avoidance of double taxation of income of tax residents of Belarus and Myanmar. It covers income tax
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Taiwan reminds businesses of documentation requirements for CFC FVPL tax deferral election
Taiwan's Ministry of Finance, in a notice on 4 August 2026, has reminded enterprises that elect to defer the recognition of unrealized gains and losses from fair value through profit or loss (FVPL) financial instruments held by their Controlled
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Thailand extends reduced VAT rate period to September 2027
Thailand’s Revenue Department has confirmed that the Value Added Tax (VAT) rate of 7% will continue following the Cabinet’s approval of a proposal to extend the period for reducing the VAT rate until 30 September 2027. The Ministry of
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Australia: Treasury consults on CGT, Negative Gearing Tranche 2
The Australian Treasury has launched a public consultation on the Capital Gains Tax and Negative Gearing – Tranche 2 legislation on 4 August 2026. Comments on the consultation are due by 21 August 2026. In the 2026–27 Budget, the
See MoreAustralia: ATO sets final reminder for TPAR, ends paper lodgments
The Australian Taxation Office (ATO) has issued a final reminder that businesses and government entities making payments to contractors must lodge their Taxable Payments Annual Report (TPAR) on 3 August 2026. The ATO has also announced that it no
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Australia: ATO updates Pillar Two guidance on GIR lodgment, joint ventures
The Australian Taxation Office (ATO) has updated its guidance on Lodging, Paying and Other Obligations for Pillar Two on 4 August 2026. The revised guidance introduces new sections covering the lodgment of the GloBE Information Return (GIR),
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Argentina, Korea (Rep. of) conclude income tax treaty negotiations
Korea (Rep. of) and Argentina concluded negotiations on an income tax treaty on 31 July 2026, according to a Korean government release on 3 August 2026. During a summit in Buenos Aires, South Korean President Lee Jae-myung and Argentine President
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Bangladesh offers up to 5% income tax rebate for returns filed by 30 September 2026
The National Board of Revenue (NBR) has announced a tax incentive for eligible taxpayers who submit their income tax returns by 30 September under the provisions of the Income Tax Act, 2023, offering a rebate of up to 5% of the tax payable to
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Malaysia extends foreign-sourced income tax exemption to end-2030
Malaysia has published the Income Tax (Exemption) (No. 3) Order 2024 (Amendment) Order 2026 in the Official Gazette on 29 July 2026, under which the exemption period in the Income Tax (Exemption) (No. 3) Order 2024 has been extended from 31 December
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India publishes 25-26 APA report highlighting record agreements
India's Income Tax Department has released the Advance Pricing Agreement (APA) Programme Annual APA Report FY 2025-26, detailing record activity under the country's APA programme, legislative reforms that took effect on 1 April 2026, and progress in
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