Azerbaijan releases consolidated text of tax treaty with Belgium under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Belgium reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Azerbaijan releases consolidated text of tax treaty with Austria under BEPS MLI
Azerbaijan's State Tax Service (STS) has released the consolidated versions of its tax treaty with Austria reflecting the changes introduced by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit
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Taiwan: MoF extends electric vehicle tax exemption until 2030
Taiwan’s Ministry of Finance (MoF) states that in order to enhance the willingness of consumers to purchase completely electric-operated automobiles or motorcycles , the Legislative Yuan passed on its third reading the draft of the amendment to
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Taiwan: Taipei Tax Bureau clarifies certain share, capital contribution transactions to be taxed as real estate deals
Taiwan’s The Taipei National Taxation Bureau of the Ministry of Finance stated that, in order to prevent individuals and profit-making enterprises from effectively transferring the real estate and land within China of the invested profit-making
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Hong Kong: IRD adjusts interest on tax reserve certificates
The Hong Kong Inland Revenue Department (IRD) announced, on 24 December 2025, that starting from 5 January 2026, the new annual rate of interest payable on Tax Reserve Certificates will be 0.2417% against the current rate of 0.2583%, i.e. the new
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Taiwan: Tax Authority updates rules for real estate sales by for-profit enterprises
Taiwan’s Central Area National Taxation Bureau of the Ministry of Finance has reminded for-profit enterprises that, from 1 July 2021, sales of real estate purchased after 1 January 2016 are subject to the Integrated Housing and Land Tax
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China imposes tariffs on EU dairy imports, heightens trade tensions
China will impose provisional duties ranging from 21.9% to 42.7% on dairy products imported from the European Union, with most exporters facing rates just under 30%. The measures, effective from 23 December 2025, apply to products such as
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Russia, Indonesia sign free trade agreement
On 21 December 2025, during a meeting of the Supreme Eurasian Economic Council in Saint Petersburg, representatives from Russia and Indonesia signed a Free Trade Agreement (FTA). This announcement was made on 21 December 2025. The FTA provides
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Taiwan: Keelung Customs warns importers to declare genuine value, invoices submission
The Keelung Customs Office has urged importers to honestly declare the transaction prices of imported goods and provide authentic invoices to avoid penalties. The warning follows several recent cases in which importers were found to have
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Bangladesh, Pakistan review double taxation treaty
Bangladesh’s High Commissioner/Ambassador, HE Md. Iqbal Hussain Khan, met Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), reaffirming relations between the two countries. Both sides agreed to strengthen bilateral trade
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Bangladesh: NBR considers further extension for PIT filing deadline
Bangladesh’s National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan has hinted that the deadline for submitting online income tax returns could be extended as a large portion of registered taxpayers have not yet filed digitally. He said
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Taiwan: MoF clarifies profit-seeking enterprises tax return attachments
Taiwan’s Ministry of Finance, in a notice on 23 December 2025, explained that profit-seeking enterprises with a special fiscal year that file profit-seeking enterprise income tax returns shall, except for those exempted from submitting tax return
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Australia: ATO announces GIC, SIC rates for Q3 2025-26
The Australian Taxation Office (ATO) announced the general interest charge (GIC) rates and shortfall interest charge (SIC) rates for the third quarter of the 2025-26 income year on 9 December 2025. For the quarter commencing on 1 January 2026,
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Japan, Kyrgyzstan sign new income tax treaty
Japan and Kyrgyzstan signed a new tax treaty on 19 December 2025 to eliminate double taxation on income and strengthen measures against tax evasion and avoidance. The treaty updates rules on the taxation of business profits and investment income,
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Taiwan: Tax Bureau orders business operators to include tax in pricing, warns against extra charges
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance stated that when business operators sell goods or services, the pricing of taxable items must include business tax. In addition, uniform invoices must be issued in
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Taiwan: Tax Bureau clarifies R&D investment tax credit rules
Taiwan’s Northern Taiwan National Taxation Bureau of the Ministry of Finance has stated that research and development (R&D) expenditures eligible for investment tax credits must be traceable, while routine testing costs are excluded from the
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Taiwan: MoF reminds businesses that prices must include VAT, uniform invoices are mandatory
Taiwan Northern Area National Taxation Bureau of the Ministry of Finance (MOF) stated that when business operators sell goods or services, the listed prices of taxable items must include value-added tax (VAT). Uniform Invoices must be issued in
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Australia to implement crypto-asset reporting framework (CARF) from 2027
The Australian government announced in its Mid-Year Economic and Fiscal Outlook (MYEFO) 2025-2026 that it will implement the OECD Crypto Asset Reporting Framework (CARF) for the automatic exchange of tax relevant information on crypto assets,
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