Singapore updates transfer pricing guidance on share-based compensation under TNMM
The Inland Revenue Authority of Singapore (IRAS) has updated its Transfer Pricing Guidelines (Ninth Edition), released on 4 June 2026, to clarify the treatment of share-based compensation costs under the Transactional Net Margin Method
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Singapore consults proposed Finance (Income Taxes) Bill 2026
Singapore’s Ministry of Finance is seeking public feedback from 8 June to 1 July 2026 on the proposed Finance (Income Taxes) Bill 2026. The Bill proposes 20 amendments to the Income Tax Act 1947 (ITA) and two amendments to the Multinational
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New Zealand: Inland Revenue issues guidance on GST for low-value pre-registration goods, services
New Zealand Inland Revenue has issued Tax Information Bulletin - June 2026 on 22 May 2026, which includes Commissioner's statement (CS) 26/02: GST treatment of low value pre-registration acquired goods and services, among other
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Philippines: DoF clarifies local tax rules to improve business ease, support growth
The Philippines Department of Finance (DOF), together with the Department of the Interior and Local Government (DILG) and the Department of Trade and Industry (DTI), has issued Joint Memorandum Circular (JMC) No. 01-2026, or the Guidelines on the
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Australia: ATO issues guidance on reporting income earned through digital platforms or apps
The Australian Taxation Office (ATO) has released general guidance on reporting income earned through digital platforms or apps on 3 June 2026. Money earned through digital platforms or apps is sharing economy income and must be reported in a tax
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Sri Lanka: IRD reminds bookmakers, gaming operators of June levy deadline
The Sri Lankan Inland Revenue Department (IRD) has reminded taxpayers engaged in bookmaker and gaming businesses of their obligation to pay the monthly levy on gross collections for the month of May 2026 by 7 June 2026. The notice, issued for the
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Taiwan warns gift tax exemption on agricultural land can be revoked if farming use ends
The Fengyuan Branch of Taiwan’s National Taxation Bureau of the Central Area has reiterated today, 5 June 2026, that agricultural land gifted for farming purposes can be exempt from gift tax when transferred between certain close relatives,
See MoreTaiwan, Singapore revise income tax treaty
Taiwan’s Ministry of Finance has announced today, 5 June 2026, of key changes introduced by the revised income tax treaty between Taiwan and Singapore, which entered into force on 13 February 2017 and applies from 1 January 2017. The new
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Taiwan clarifies CFC loss deduction filing, documentation requirements
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, stated that the Controlled Foreign Corporation (hereinafter referred to as CFC) system has been in effect since 2023. Profit-seeking enterprises reporting CFC's losses must provide
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Singapore: IRAS updates guidance on GST accounting period changes, application process
The Inland Revenue Authority of Singapore has published updated guidance on Changing GST accounting periods. The update includes an overall restructuring to improve readability, including a clearer example on Special Accounting Periods, along with a
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Japan: National Tax Agency updates CbC exchange jurisdictions list
Japan’s National Tax Agency has published an updated list of jurisdictions for the exchange of Country-by-Country (CbC) reports. Country-by-Country (CbC) reports are a standardised tax reporting framework requiring large multinational
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Australia: ATO issues updated guidance on maximum contribution base for super guarantee
The Australian Taxation Office (ATO) has updated its guidance on the maximum contributions base (MCB) for superannuation guarantee contributions on 3 June 2026. Employers are not required to pay super guarantee once an employee’s earnings
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Bhutan: National Assembly approves income tax treaty with Singapore
Bhutan’s National Assembly (lower house of parliament) has confirmed on 2 June 2026 that it has approved the income tax treaty with Singapore. The treaty was signed on 12 May 2026. The treaty clarifies the taxing rights of both countries on
See MoreJapan, Philippines income tax treaty signed
Japan’s Ministry of Foreign Affairs has confirmed that a new income tax treaty was signed with the Philippines on 28 May 2026. The treaty applies to Japanese income tax, corporation tax, special income tax for reconstruction, special income tax
See MoreTaiwan: NTBNA clarifies loss carryforward offset rules involving non-taxable investment income
Taiwan’s Taxation Bureau of the Northern Area, Ministry of Finance (NTBNA, MOF), stated that, as stipulated in Article 39 of the Income Tax Act, when profit-seeking enterprises deduct the verified losses of each of the former ten years from the
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OECD: Fiji joins multilateral agreement on exchange of CbC reports
Fiji signed the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports (CbC MCAA) on 22 April 2026. Under BEPS Action 13, all large multinational enterprises (MNEs) are required to prepare a country-by-country
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Hong Kong gazettes Stamp Duty (Amendment) (No. 2) Bill 2026
The Hong Kong Inland Revenue Department has announced the Stamp Duty (Amendment) (No. 2) Bill 2026 on 29 May 2026, which was published in the Official Gazette the same day. The Stamp Duty (Amendment) (No. 2) Bill 2026 provides for the calculation
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Taiwan: Tax Authority reiterates invoicing rules for franchise arrangements
Taiwan’s Kaohsiung National Taxation Bureau of the Ministry of Finance stated that when a business operator (franchise headquarters) charges a franchisee a one-time franchise fee for opening a store, the fee is regarded as consideration for the
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