Singapore: IRAS updates CbC report exchange jurisdictions
The Inland Revenue Authority of Singapore (IRAS) has revised the list of jurisdictions with which it will exchange Country-by-Country (CbC) reports under the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country
See More
Taiwan signs income tax treaty with Tuvalu
Taiwan’s Ministry of Finance confirmed that an income tax treaty with Tuvalu was signed on 4 March 2026. The agreement seeks to prevent double taxation and fiscal evasion between the two nations. The 29-article treaty provides for reduced
See More
Australia, Canada agree to revise tax treaty framework
Australian Prime Minister Anthony Albanese and Canadian Prime Minister Mark Carney issued a joint statement on 5 March 2026 at the outset of Carney's first official visit to Australia. The two leaders have committed to modernising the two
See More
Taiwan reminds businesses to submit tax returns for cancellation period
Taiwan has reminded businesses that cancelling tax registration does not end all tax obligations, and that a business tax return must still be filed for the cancellation period within the statutory deadline to avoid penalties. The Kaohsiung
See More
Philippines: Senate to reduce VAT rate
The Philippine Senate is reviewing draft Bill No. SBN-1916, known as the VAT Reduction Act, was introduced on 26 February 2026. The VAT Reduction Act proposes lowering the Value-Added Tax (VAT) in the Philippines from 12% to 10% to align with the
See More
Philippines: Tax court upholds dividend withholding tax exemption for foreign government investors
The Philippine Court of Tax Appeals ruled on 26 February 2026 concerning the withholding tax exemption on dividends under Section 32(B)(7)(a) of the National Internal Revenue Code (NIRC) of 1997. Section 32(B) excludes certain income items from
See More
Hong Kong to Gazette Inland Revenue Amendment Bill 2026
The Hong Kong Government will gazette the Inland Revenue (Amendment) (Tax Concessions, Concessionary Deductions and Allowances) Bill 2026 on 6 March, introducing concessionary tax measures announced in the 2025 Policy Address and the 2026-27
See More
Hong Kong to raise stamp duty on high-value homes
Hong Kong’s Stamp Duty (Amendment) Bill 2026 will be gazetted on 6 March to increase the stamp duty rate for residential property transactions where the amount or value of consideration exceeds HKD 100 million, from 4.25% to 6.5%, as announced in
See More
India, Canada to finalise free trade agreement by year-end
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic
See More
Taiwan: Taipei Tax Bureau opens applications for 114th income tax filing support
Taiwan’s Taipei National Taxation Bureau, Ministry of Finance, has opened applications for supporting measures related to the 114th annual individual income tax return filing, scheduled for May 2026 (year 115). Taxpayers can submit requests
See More
Bangladesh: NBR invites budget proposals for 2026-27
Bangladesh’s National Board of Revenue (NBR) has requested taxpayers, business organisations, trade bodies and other stakeholders to submit proposals for the 2026-27 fiscal year budget. The move is part of the board’s preparations to formulate a
See More
Australia: ATO releases public country-by-country reporting compliance guidance
The Australian Taxation Office (ATO) has released instructions to complete the public country-by-country report on 3 March 2026. The instructions include: Public CBC report overview Overview of Public CBC report instructions and publishing
See More
Japan: Cabinet introduces Side-by-Side Package in 2026 tax reform bill
Japan’s Cabinet has submitted the 2026 tax reform package to the National Diet of Japan, proposing amendments to global minimum tax rules, income tax provisions and consumption tax regulations. The bill updates Japan’s global minimum tax
See More
Sri Lanka amends Inland Revenue raising capital gains tax, tightens compliance rules
Sri Lanka’s government has issued a Bill amending the Inland Revenue Act on 20 February 2026, marking substantive tax changes and compliance reforms. Published in the gazette on 24 February 2026, it introduces capital gains tax rate revisions and
See MoreHong Kong, Kyrgyzstan sign income tax treaty
The Hong Kong Inland Revenue Department (IRD) has announced that an income and capital tax treaty was signed with Kyrgyzstan on 2 March 2026, marking the first comprehensive tax agreement between the two jurisdictions. Under the agreement, the
See More
Azerbaijan issues key updates to tax reforms, investment rules
Azerbaijan enacted Law No. 355-VIIQD on 23 February 2026, mandating tax registration for non-resident e-commerce operators. Businesses without permanent establishments must register electronically if their annual turnover exceeds USD 10,000 in
See More
Kyrgyzstan, Romania agree on income tax treaty
Kyrgyzstan's Ministry of Economy and Commerce announced on 27 February 2026 that officials from Kyrgyzstan and Romania reached an agreement in principle on a new income tax treaty during negotiations held in Bucharest from 23 to 26 February 2026.
See More
Mercosur, Singapore free trade agreement enters into force
The Mercosur-Singapore Free Trade Agreement (MCSFTA) enters into force for Paraguay from 1 February 2026 and Uruguay from 1 March 2026. It is the first trade deal between Singapore and the founding Mercosur members – Argentina, Brazil,
See More