Uzbekistan introduces tax incentives for electrical engineering sector
Uzbekistan’s President has signed Resolution No. PP-325 on 12 September 2026, introducing tax and financial incentives to attract major investors and support domestic manufacturers of electrical engineering products. Resolution No. PP-325
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Turkey, El Salvador sign income tax treaty
Turkey’s Ministry of Foreign Affairs announced that Turkey and El Salvador signed an income tax treaty during Foreign Minister Hakan Fidan’s participation in the 81st session of the UN General Assembly in New York, which took place from 21 to 27
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Thailand considers gold tax to track hidden capital flows
Thailand’s Ministry of Finance and Bank of Thailand are studying a tax on gold imports and domestic gold sales. The goal is not to generate government revenue, but to create better record-keeping that helps authorities identify suspicious
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Pakistan: FBR launches National Faceless Centre for tax proceedings
Pakistan's Federal Board of Revenue (FBR) has announced on 25 September 2026 the establishment of the National Faceless Centre (NFC) in Islamabad, introducing a system that removes direct, in-person contact between taxpayers and tax officers during
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Taiwan: Tax Bureau clarifies dividend income filing, refunds
Taiwan's Ministry of Finance has issued a notice on 24 September 2026, clarifying the possibility of tax refunds for individuals claiming the tax credit for dividend income. Since the 2018 tax year, individuals receiving dividends or surpluses
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India copper sector seeks GST relief
Indian copper producers have urged the government to reduce the indirect goods and services tax (GST) on copper products to 5% from 18%, saying the existing rate had tied up more than INR 490 billion (USD 5.11 billion) in working capital. The
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Singapore: IRAS updates guidance on tax treatment of employee loan benefits
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the tax treatment of Benefits Relating to Loans, setting out the tax rules for interest-free and subsidised interest loans, loans provided to company directors and waived
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India: CBDT extends income tax return deadline for AY 2026-27
India’s Central Board of Direct Taxes (CBDT) has extended the due date for furnishing Return of Income for Assessment Year 2026-27 from 31 October 2026 to 21 November 2026 for persons covered under S. No. 2 in the Table below Explanation 2 to
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China, US agree to broad tariff cuts, soybeans remain excluded
China's commerce ministry and the White House jointly announced a reciprocal tariff reduction plan worth USD 60 billion on 28 September 2026. Each country identified roughly USD 30 billion of goods for more favourable tariff treatment, with the
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Uzbekistan introduces tax amnesty for SMEs
Uzbekistan has issued Presidential Decree No. PF-175 of 28 August 2026, which provides tax amnesty for small and medium-sized enterprises. The Decree officially establishes a comprehensive "Second Chance" economic amnesty for small and medium-sized
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Australia: ATO issues new guidance on Country-by-Country reporting requirements
The Australian Taxation Office (ATO) has released new guidance on 25 September 2026 on administrative matters related to Country-by-Country (CbC) reporting. The updates clarify lodgment deadlines, extension procedures, and international obligations
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Philippines: BIR issues rules for mandatory electronic invoicing
The Philippines' tax authority, the Bureau of Internal Revenue (BIR), has announced the issuance of Revenue Memorandum Circular No. 098-2026 on 22 September 2026, establishing the official framework for the issuance of electronic invoices in the
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Indonesia: Parliament approves budget for 2027
Indonesia's budget committee has given final approval to the government's 2027 budget plan. The committee, led by chair Said Abdullah, signed off on total spending of IDR 4,106.3 trillion on 24 September 2026. The approved amounts each run IDR
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Thailand revises proposed Digital Platform Economy Act
Thailand’s Ministry of Digital Economy and Society (DES) has begun revising the proposed Digital Platform Economy Act, reassessing a framework initially influenced by the European Union’s Digital Markets Act and Digital Services Act. The
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Thailand plans new policy framework for data centre sector
Thailand’s Cabinet approved a draft of the Prime Minister Office’s regulation on 5 August 2026 to establish a Data Centre Business Policy Committee, marking a move towards more coordinated oversight of data centre businesses. The proposed
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Taiwan clarifies income tax treatment of reduced commodity tax refunds
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that refunds of reduced commodity tax obtained by profit-seeking enterprises under Article 11-1, Article 12-5 or Article 12-6 of the Commodity Tax Act should be treated as a
See MoreThailand: Bangkok considers 3% tax on hotel, accommodation charges
Thailand’s Bangkok Metropolitan Administration (BMA) is considering amendments to its legal framework to introduce a 3% tax on hotel and accommodation room charges, which could generate approximately THB 1 billion annually in additional
See MoreThailand sets fines for tax information exchange violations
Thailand’s Revenue Department has published a notification from the Ministry of Finance (MoF) on 9 September 2026, establishing specific penalties for failing to comply with certain requirements of the Emergency Decree on Exchange of Information
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