New Zealand: IR consults income tax treatment of NFPs
New Zealand's Inland Revenue (IR) opened a public consultation on 18 September 2026 on Exposure Draft ED0265, which sets out the proposed income tax treatment of amounts received from members by societies, clubs and other not-for-profit associations
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Australia: ATO opens 2025–26 Offshore Petroleum Levy reporting
The Australian Taxation Office (ATO) has issued a notice on 21 September 2026 reminding leviable entities to report petroleum production and submit the Offshore Petroleum (OP) Levy return for the 2025–26 financial year. The deadline for
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Thailand reviews auto tax policy as EV market grows
Thailand's Finance Ministry has instructed the Excise Department to conduct a comprehensive review of the country's automotive excise tax structure. The review addresses electric vehicles, hybrids, and traditional internal-combustion engines,
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Australia: ATO to strengthen foreign resident CGT rules from October 2026
The Australian Taxation Office (ATO) announced on 23 September 2026 that it implemented changes to how foreign residents pay capital gains tax on Australian property investments. The Strengthening the Foreign Resident Capital Gains Tax regime
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Kazakhstan proposes delaying solid minerals royalties to 2029
Kazakhstan’s Ministry of Industry and Construction proposed deferring the introduction of royalties on solid minerals from 1 January 2027 to 1 January 2029, following discussions at the Project Office for the implementation of the Tax Code on 17
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Sri Lanka: IRD reminds businesses, Individuals of 2025/26 tax deadline
Sri Lanka's Inland Revenue Department (IRD) has reminded taxpayers that the last date for final payment of income tax for the Year of Assessment 2025/2026 falls on 30 September 2026, and has urged them to make payments on or before the
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Australia: ATO updates GILTI guidance following US tax regime changes
The Australian Taxation Office (ATO) has issued an Addendum to Taxation Determination TD 2022/9 by the Commissioner of Taxation on 23 September 2026 to account for amendments to the US global intangible low-taxed income (GILTI) regime introduced
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US and China extend trade truce, push for bigger agreement
The US and China agreed, on 23 September 2026, to extend their trade truce by two months, pushing the expiration date to 10 January 2027. The original agreement, reached in Busan, South Korea, in May 2026, was set to expire on 10 November
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Japan: Cabinet approves temporary food consumption tax cut
Japan's Cabinet on 15 September 2026 approved a temporary cut in the consumption tax on food and beverages from 8% to 1%, effective for two years from 1 April 2027 to 31 March 2029, subject to approval by the National Diet. The reduced rate will
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Taiwan clarifies gift tax filing for share transfers
Taiwan’s Taipei National Taxation Bureau, Ministry of Finance, had stated that individuals who gifted shares to another person were not required to pay Securities Transaction Tax, as the transfer was not considered a sale or purchase of
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Pakistan: FBR tightens sales tax penalties for digital, invoice compliance
Pakistan’s Federal Board of Revenue (FBR) had introduced new sales tax provisions to strengthen enforcement against non-compliant taxpayers and address fraudulent invoicing. Under the new measures, businesses that failed to integrate with the
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EU, Philippines finalise free trade agreement
The European Commission and Philippines government reached an initial free trade agreement on 22 September 2026, ending more than a decade of stalled talks, according to an X post by European Commission President Ursula von der Leyen. The
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Sri Lanka: IRD reminds taxpayers of August VAT on financial services payment
Sri Lanka’s Inland Revenue Department (IRD) issued a payment reminder for VAT on Financial Services (VAT on FS) for the August 2026 payment period. The tax carries Tax Type Code 75, while the applicable Payment Period Code is 26080. Taxpayers
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Sri Lanka: IRD outlines VAT payment, filing requirements
Sri Lanka’s Inland Revenue Department (IRD) has issued a VAT Compliance notice setting out the payment and filing requirements for the August 2026 tax period. VAT payments for August 2026 must be made on or before 20 September 2026, while the
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Thailand considers excise tax cuts on petroleum products
Thailand’s Finance Minister Ekniti Nitithanprapas said on 21 September 2026 that the government was considering cutting excise taxes on certain petroleum products to ease cost-of-living pressures caused by the energy crisis. The proposed
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Taiwan clarifies tax treatment of reduced commodity tax refunds
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, has clarified the tax treatment of reduced commodity tax refunds received by profit-seeking enterprises under the Commodity Tax Act. Where goods purchased by a profit-seeking
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Korea (Rep.) extends fuel tax cuts through November 2026
Korea (Rep.) will extend its fuel-tax cuts for another two months through the end of November 2026, the Ministry of Finance said on 18 September 2026. The existing tax reductions of 15% on gasoline and 25% on diesel and butane will remain in
See MoreAustralia: ATO reports strong tax compliance among large businesses in 2025-26
The Australian Taxation Office (ATO) has published its annual findings on the tax compliance and performance of large public and multinational businesses on 17 September 2026. The released findings show high levels of tax compliance across the
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