Indonesia secures 19% tariff deal with US
Indonesia and the US have finalised a trade agreement on 19 February 2026 that reduces US tariffs on Indonesian goods from 32% to 19%, with key exemptions secured for Indonesia's major exports. The deal was signed in Washington by Indonesia's
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Australia consults amendments to minimum tax regime in line with OECD administrative updates
Australia's Treasury has initiated a public consultation on proposed amendments to the Taxation (Multinational—Global and Domestic Minimum Tax) Rules 2024 from 16 February - 13 March 2026. The draft amending rules, titled the Taxation
See MoreIndonesia updates CRS jurisdiction lists for 2026
Indonesia's Directorate General of Taxes has issued Announcement No. 1/PJ/2026 on 20 January 2026, detailing the participating and reportable jurisdictions for the 2026 automatic exchange of financial account information under the Common Reporting
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New Zealand consults tax framework for off-market share cancellations
New Zealand's Inland Revenue has released a draft Operational Statement for public consultation addressing the bright line tests used to classify off-market share cancellations as either taxable dividends or non-taxable capital returns. This
See MoreAustralia: ATO publishes 2026 supplementary annual GST return
The Australian Taxation Office has published the 2026 Supplementary annual GST return along with its supporting instructions on 16 February 2026. The supplementary annual GST return (SAGR) is an annual reporting requirement for Top 100 and Top
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India: Tax Authority appeals ITAT ruling on Ireland aircraft leasing treaties
The Indian tax authority has filed an appeal before the High Court against the Mumbai bench of the Income Tax Appellate Tribunal’s (ITAT) consolidated order of August 2025, which granted treaty benefits to several Irish aircraft leasing
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Australia: ATO updates monthly foreign exchange rates for the 2025–26 income year
The Australian Taxation Office (ATO) has updated its foreign exchange rate guidance, which includes Monthly exchange rates for 1 July 2025 to 30 June 2026, and monthly rates for October, November, and December 2025, and January 2026. As per the
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US, Taiwan sign reciprocal trade agreement
The Office of the US Trade Representative (USTR)Â announced, on 12 February 2026, that the Trump administration finalised a reciprocal trade agreement with Taiwan. The Trump Administration also released a fact sheet on the agreement. The
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New tax treaty between Singapore, Taiwan enters into force
The tax treaty between Singapore and Taiwan for the elimination of double taxation with respect to income taxes and the prevention of tax evasion and avoidance was signed on 31 December 2025 and entered into force on 13 February 2026. It was
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J5 warns OTC crypto desks and processors enable tax evasion, money laundering
The Joint Chiefs of Global Tax Enforcement (J5) published two law enforcement advisories on 11 February 2026 that detail how over-the-counter (OTC) cryptocurrency trading desks and cryptocurrency payment processors may be used to obfuscate and move
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Taiwan: Tax bureau clarifies input tax credit rules for mixed business operations
Taiwan’s Northern Region National Taxation Bureau announced on 13 February 2025 that businesses selling both taxable and tax-exempt goods must follow specific regulations when claiming input tax credits on fixed assets like factory buildings and
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Taiwan: Tax bureau clarifies contract penalties taxation, late interest exemption
The Central Taiwan National Taxation Bureau has clarified, on 13 February 2026, that breach of contract penalties and late payment interest receive different tax treatments. Penalties collected for contract breaches are subject to business tax
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EU imposes tariffs on Chinese-made electric vehicles
The European Commission has implemented additional import duties on electric vehicles manufactured in China, with rates varying significantly by manufacturer. These charges come on top of the EU's standard 10% import duty on cars. Chinese EV
See MoreUS issues new tax rules to limit Chinese clean energy components
The US Treasury Department released interim guidelines on 12 February 2026 addressing how companies can qualify for clean energy tax credits while restricting reliance on Chinese-made equipment under President Donald Trump's tax legislation. The
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Taiwan: Tax bureau clarifies sole proprietors on invoice rules during change of responsible personÂ
The Northern Taiwan National Taxation Bureau of the Ministry of Finance has clarified on 13 February 2026 that sole proprietorships that change in the responsible person may trigger business tax obligations if inventory and fixed assets are
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Bangladesh: NBR extends January VAT return deadline
The National Board of Revenue (NBR) has extended the deadline for submitting online VAT returns for the January 2026 tax period through its e-VAT system until 22 February, citing public interest. An official order said the move followed a
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Kazakhstan opens consultation on tax protocol with Norway
The government of Kazakhstan published a draft resolution on 10 February 2026 for consultation on a protocol to amend its 2001 income and capital tax treaty with Norway. The draft was released through the Republic of Kazakhstan’s official Open
See MoreTaiwan: Taipei Tax Bureau urges compliance with branch reporting rules
Taiwan’s National Taxation Bureau of the Ministry of Finance has reiterated that business entities approved to pay business tax on a consolidated basis through their head office must ensure that their branch offices continue to fulfill reporting
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