Malaysia, Switzerland end second round negotiations to update income tax treaty
Malaysia’s Ministry of Finance announced on 27 June 2026 that Malaysia and Switzerland have completed the second round of negotiations to amend the 1974 tax treaty, held from 22 to 25 June 2026. The negotiation is aimed at modernising their
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Thailand extends e-tax, e-withholding tax incentives until end of 2027
Thailand's Cabinet has approved a two-year extension of tax measures designed to encourage wider adoption of the country's electronic tax system, including incentives for investment in electronic tax infrastructure and continued preferential rates
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Australia: Parliament introduces bill for loss carry back, permanent AUD 20,000 instant asset write-off
Australia’s Parliament has introduced a Bill to implement Budget 2026–27 measures, including the introduction of loss carry-back provisions and the permanent extension of the small business instant asset write-off. The Treasury Laws Amendment
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Australia: Parliament passes tax reform bill replacing CGT discount with indexation, personal tax reliefs
Australia’s Parliament passed the Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 on 25 June 2026, which is a key component of the 2026–27 Federal Budget tax package. The Bill introduces significant reforms aimed at improving housing
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Bangladesh passes Finance Bill 2026 with higher tax-free threshold for individuals
Bangladesh has passed the Finance Bill 2026, approving a series of revisions to the government's budget proposals, including a higher income tax-free threshold for individual taxpayers, the withdrawal of several controversial tax provisions and
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Australia: ATO aligns 2025–26 company tax guidance with global minimum tax framework
The Australian Taxation Office (ATO) has updated its company tax rates 2025–26 guidance to include the Global Minimum Tax (GMT), which applies at rates ranging from 0% to 15%. The guidance confirms that GMT applies to in-scope multinational
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Vietnam extends 2026 VAT, CIT, PIT, land rent payment deadlines
Vietnam's government has issued Decree No. 245/2026/ND-CP on 27 June 2026, introducing another round of tax payment deadline extensions for 2026. The measure grants eligible taxpayers additional time to pay value-added tax (VAT), corporate income
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Turkey extends 2024 global minimum supplementary corporate tax returns deadline
The Turkish Revenue Administration announced the release of Tax Procedure Law Circular No. 203 on 29 June 2026, which extends the filing deadline for Global Minimum Supplementary Corporate Tax Returns for the 2024 fiscal year. As per the Tax
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US, Australia sign customs mutual assistance agreement
US Customs and Border Protection, on behalf of the US, in a release on 25 June 2026, announced that it signed a Customs Mutual Assistance Agreement with Australia in Brussels, Belgium. The CMAA is a bilateral agreement that enables both countries
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Philippines: BIR opens one-time tax abatement program for micro taxpayers
Philippines Bureau of Internal Revenue (BIR) has opened a one-time tax abatement program for micro taxpayers on 26 June 2026, offering micro businesses and stop-filers an opportunity to resolve outstanding tax liabilities, clean up their records,
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Japan, Kyrgyzstan income tax treaty to enter into force in July
The Japan-Kyrgyzstan income tax treaty (2025) will enter into force on 26 July 2026, following the completion of the exchange of mutual notifications between the two countries. Under the treaty, most substantive provisions will apply from 1 January
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Taiwan, Tuvalu income tax treaty enters into force
Taiwan's Ministry of Finance has announced that the income tax treaty with Tuvalu entered into force on 11 June 2026. The treaty was signed 4 March 2026. The treaty applies to Taiwan's profit-seeking enterprise income tax, individual income tax,
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Thailand: Cabinet approves singing of GloBE MCAA
Thailand's Cabinet approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA) at its meeting on 16 June 2026, according to a Revenue Department press release. The agreement, developed
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Australia: ATO updates guidance on taxation of permanent establishments
The Australian Taxation Office (ATO) updated its guidance on the taxation of permanent establishments (PEs) on 24 June 2026, outlining when enterprises may be subject to tax in Australia or overseas under Australia's double tax agreements
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Australia: ATO issues new guidance on security arrangements for fiscally transparent entities
The Australian Taxation Office (ATO) has issued new guidance under its Private Capital Program on 26 June 2026, outlining security arrangements and evidentiary requirements for fiscally transparent entities to support compliance by large
See MoreVietnam clarifies CIT incentives for foreign-invested SMEs
Vietnam's Tax Department issued Official Letter 3896/CT-CS, confirming that eligible foreign-invested small and medium-sized enterprises (SMEs) can benefit from a three-year corporate income tax (CIT) exemption under the country's new private sector
See MoreAustralia: ATO announces GIC, SIC rates for Q1 2026-27
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the fourth quarter of the 2026-27 income year on 5 June 2026. For the quarter commencing on 1 July 2026, the GIC
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Vietnam issues guidance on CbC reporting through automatic exchange of information
Vietnam's General Department of Taxation has issued guidance on the implementation of Country-by-Country Reporting (CbCR) exchange relationships under the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC
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