China publishes 2026 import and export tariff schedule
The Customs Tariff Commission of the State Council has published China’s revised import and export tariff rates for 2026. The updated tariffs were issued on 31 December 2025 and apply from 1 January 2026. The Import and Export Tariff
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China to abolish export VAT rebates for solar products, phase out incentives for batteries
The Chinese Ministry of Finance issued a notice, on 8 January 2026, outlining adjustments to the export VAT rebate policy for photovoltaic products, batteries and related goods. Under the changes, the export VAT rebate for photovoltaic and other
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Australia: ATO publishes recap of November Pillar 2 information session
The Australian Taxation Office (ATO) published, on 9 January 2026, a recap of its November 2025 information session on implementing the global and domestic minimum tax under Pillar 2. The session was aimed at supporting multinational enterprise
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Cambodia postpones capital gains tax on immovable property until 2027
Cambodia’s General Department of Taxation, part of the Ministry of Economy and Finance, issued Notification No. 041 on 2 January 2026, delaying the introduction of the capital gains tax (CGT) on sales or transfers of immovable property by one
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Korea (Rep.): NTS updates guidance on Mutual Agreement Procedure
Korea (Rep.)’s National Tax Service (NTS) has issued a revised version of its guidance on the Mutual Agreement Procedure (MAP) for taxpayers. The document provides details on MAP applications, the procedure and conclusion of cases,
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Sri Lanka: IRD announces AIT, WHT, APIT December 2025 deadlines
Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers to pay Advance Income Tax (AIT), Withholding Tax (WHT) and Advance Personal Income Tax (APIT) withheld during December 2025 no later than 15 January 2026. Tax Types and Payment
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Korea (Rep.), Cambodia consider updating tax treaty
Korea (Rep.)’s National Tax Service reported that officials from Korea (Rep of.) and Cambodia held the 4th Korea-Cambodia Commissioners' Meeting on 5 January 2026. The discussions focused on strengthening tax cooperation, including potential
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Cambodia: ACAR announces 2025 financial statement submission deadlines
The Cambodia Accounting and Auditing Regulator (ACAR) has issued Notification No. 040/25 on 23 December 2025, outlining the requirements for enterprises and non-profit organisations to submit their 2025 financial statements in compliance with
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Korea (Rep.): 2026 tax reforms introduce QDMTT, higher corporate tax
The Korea (Rep.)’s 2026 tax reforms, enacted following budget-related amendments approved in December 2025, introduce several changes to corporate and individual taxation. Corporate tax rates are increased by 1% in each of the four brackets,
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Fiji joins OECD–Council of Europe mutual assistance convention
The Cabinet of Fiji approved the signing of the OECD–Council of Europe Convention on Mutual Administrative Assistance in Tax Matters, as updated by the 2010 protocol, on 6 January 2026. This marks the final step for the country’s removal from
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Hong Kong secures interim qualified status under domestic Pillar 2 regime
The Hong Kong Inland Revenue Department (IRD) updated its guidance on the global minimum tax and Hong Kong minimum top-up tax for multinational enterprise groups on 8 January 2026. The updates indicate that Hong Kong has received transitional
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Singapore: IRAS updates guidance on MTT, DTT
The Inland Revenue Authority of Singapore (IRAS) released the second edition of its e-Tax Guide on Multinational Enterprise Top-up Tax and Domestic Top-up Tax on 7 January 2026. The guide explains the new Pillar 2 Income Inclusion Rule—referred
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Australia: ATO finalises exemptions for Pillar 2 tax filings, GloBE-aligned global minimum tax amendments
The Australian Taxation Office (ATO) has released updated guidance on Pillar 2 compliance, and finalised its first round of technical updates to its global and domestic minimum tax framework. The updated guidance, published on 6 January 2026,
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Thailand revises duty exemption rules for low value goods
Thailand’s Customs Department has issued Customs Department Announcement No. 219/2568 in the Royal Gazette on 11 December 2025, revising the criteria for imports eligible for exemption from customs duty. The changes will significantly narrow
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Singapore: IRAS updates transfer pricing guidance, raises indicative margin for related party loans
The Inland Revenue Authority of Singapore (IRAS) has updated its Transfer Pricing guidance for 2026 on 2 January 2026, including the indicative margin for related party loans. For the year 2026, the indicative margin applicable to Risk-Free Rates
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Taiwan: MoF extends 2025 income withholding certificates filing deadline
Taiwan’s Ministry of Finance (MoF) has extended the deadline for filing 2025 income withholding and non-withholding certificates, dividend certificates, trust income declarations, and trust property income certificates to 2 February 2026, after
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Taiwan: Taipei Customs to grant goods tax exemption on imported sugar-free beverages with documentation from January 2016
Taiwan’s tax authority, Taipei Customs, announced on 7 January 2026 that the Commodity Tax Act has been amended and passed, exempting sugar-free beverages from commodity tax, effective 1 January 2026. To facilitate compliance by both tax
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China lowers VAT to 3% on homes sold within two years
China’s fiscal and tax authorities (STA) announced on 6 January 2025 that it will lower the value-added tax (VAT) rate from 5% to 3% for individuals selling housing purchased less than two years ago, effective 1 January 2026. The new policy,
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