Singapore gazettes Finance (Income Taxes) Act 2025, enacts global minimum tax standards
Singapore gazetted the Finance (Income Taxes) Act 2025 on 12 December 2025, enacting the Budget 2025 measures announced in February 2025. The Finance (Income Taxes) Act 2025, passed by the Parliament of Singapore in late 2025, introduces a range
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Bangladesh: NBR introduces digital corporate tax, VAT payments
The National Board of Revenue (NBR) has introduced a facility for large-value corporate tax and VAT payments through mobile financial service bKash on 11 January 2026, advancing the country’s push toward full digitalisation of revenue
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Taiwan: MoF extends 2025 income certificate filing deadline
Taiwan’s Ministry of Finance (MoF) has announced an extension to the filing deadline for 2025 income-related certificates, after the original end date fell on a weekend. The filing period for 2025 income withholding and non-withholding
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US: Trump calls USMCA ‘irrelevant’ to national interests
US President Donald Trump said Tuesday that the U.S.-Mexico-Canada trade pact (USMCA) “is irrelevant” for the US, claiming it mainly benefits Canada, which “needs it.” He used the remarks to push for reshoring manufacturing to the United
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Kazakhstan approves goods eligible for the VAT offset method
Kazakhstan has published Government Decree No. 1199 of 31 December 2025 approving the list of goods for which value added tax may be paid using the VAT offset method on import. The decree was adopted in accordance with Articles 508 and 509 of the
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US: Trump imposes 25% tariff on AI chips imports
US President Donald Trump has announced a new 25% tariff on selected high-performance artificial intelligence chips, including Nvidia’s H200 processor and AMD’s MI325X, under a national security proclamation issued by the White House on 14
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Singapore: IRAS issues detailed GST registration form guidance
The Inland Revenue Authority of Singapore (IRAS) has released a comprehensive guide for businesses and individuals on completing the GST F1 registration form through the myTax Portal on 12 January 2026. The guide provides step-by-step
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Indonesia deposits MLI entry-into-force notification for tax treaty with Mongolia
According to an update from the OECD, Indonesia deposited, on 12 January 2026, an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related
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Indonesia deposits MLI entry-into-force notification for tax treaty with Czech Republic
According to an update from the OECD, Indonesia deposited, on 12 January 2026, an updated notification confirming the completion of its internal procedures for the entry into effect of the Multilateral Convention to Implement Tax Treaty Related
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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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