Australia updates multinational tax rules with currency, entity classification changes
Australia has implemented amendments to its multinational taxation framework through the Taxation (Multinational—Global and Domestic Minimum Tax) Amendment (2026 Measures No.1) Rules 2026 on 26 March 2026. The changes took effect immediately upon
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India: Tax collection assistance MoU with Japan takes effect for requests filed from 8 July 2025
India’s Ministry of Finance has confirmed that the Memorandum of Understanding (MoU) with Japan on assistance in the collection of taxes will apply to any request submitted on or after 8 July 2025. The MoU, signed in Tokyo on 30 June 2025 and
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Taiwan: Taxation Bureau reminds suspended enterprises to file income tax returns
Taiwan’s Kaohsiung National Taxation Bureau, Ministry of Finance, has reminded profit-seeking enterprises that temporarily suspended operations during the 2025 tax year (Year 114 of the Republic of China calendar) that they must still file income
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Australia introduces temporary relief measures for small businesses
The Australian government is collaborating with the business and finance sectors to ease pressures on families and small businesses caused by the economic impact of the Middle East conflict. On 1 April 2026, it announced a package of measures,
See MoreAustralia: ATO updates fuel tax credit rates from April 2026 after temporary excise cutÂ
The Australian Taxation Office (ATO) announced yesterday, 7 April 2026, that the fuel tax credit rates had changed on 1 April 2026, following a 60.9% temporary reduction in fuel excise. This is because fuel tax credit rates are based on the amount
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New Zealand revises CRS reportable jurisdictions list
The New Zealand Inland Revenue released Tax Information Bulletin Volume 38 – 2026, which includes, among other items, Determination AE 26/01 on the participating jurisdictions for the Common Reporting Standard (CRS) on 1 April 2026. This
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Singapore: IRAS approves excluded entity status for company A
The Inland Revenue Authority of Singapore (IRAS) has issued Advance Ruling Summary No. 5/2026 on 1 April 2026, clarifying the criteria for a company to qualify as an "excluded entity" under Section 10L of the Income Tax Act 1947. This status is
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Pakistan: FBR grants tax relief to construction sector under new circular
Pakistan's Federal Board of Revenue (FBR) has introduced a significant tax exemption for builders and developers through Circular No. 07 of 2025-26, addressing long-standing liquidity concerns in the construction industry on 31 March 2026. The
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India updates Brazil tax treaty following 2026 notification
India’s Ministry of Finance has issued Notification No. 39/2026 on 30 March, 2026, confirming that all provisions of the amending protocol to the 1988 income tax treaty with Brazil are in effect. The original convention was signed in 1988 and
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Bangladesh: NBR signals possible end to reduced RMG tax rates
Bangladesh’s National Board of Revenue (NBR) has signalled that the reduced corporate tax rates for ready-made garment (RMG) exporters may be discontinued in the 2026–27 fiscal year. NBR Chairman Abdur Rahman Khan made the remark during a
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Bangladesh: NBR to introduce year-round tax filing
Bangladesh’s National Board of Revenue (NBR) will allow taxpayers to submit Personal Income Tax (PIT) returns throughout the year, NBR Chairman Md Abdur Rahman Khan announced. The move is aimed at making the filing process more flexible and
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Singapore introduces form for waiver of shareholding test on unutilised items
Singapore’s Inland Revenue Authority of Singapore (IRAS) has introduced FormSG for Waiver of Shareholding Test Applications, alongside updated guidance on the treatment of Unutilised Items, including capital allowances, trade losses, and
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Sri Lanka: IRD postpones implementation of VAT on non-resident e-services
Sri Lankan Inland Revenue Department has issued SEC/PN/VAT/2026-02 on 31 March 2026, notifying taxpayers of a further delay in the implementation of Value Added Tax (VAT) on services supplied through electronic platforms by non-resident service
See MorePakistan: FBR publishes draft guidelines for e-invoicing integration for businesses
Pakistan’s Federal Board of Revenue (FBR) has issued the draft notification S.R.O. 288(I)/2026 on 18 February 2026, which proposes a comprehensive framework for the online integration of businesses. This framework requires "integrated
See MoreSri Lanka introduces new tax invoice format under VAT reform
Sri Lanka has rolled out a new standardised format for tax invoices as part of its ongoing Value Added Tax (VAT) modernisation efforts, with the changes now set to take effect from 1 April 2026. The new invoice requirements were officially
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India: CBDT grants GAAR (general anti-avoidance rule) relief for pre-April 2017 investments
India’s Central Board of Direct Taxes (CBDT) has released Notification 54/2026 and Notification 55/2026, introducing amendments to the Income Tax Rules, 1962 and 2026, concerning the application of the general anti-avoidance rule (GAAR) on income
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Belarus: Council of Republic approves tax treaty with Myanmar
The Belarusian Council of the Republic (the upper house of parliament) has approved the income tax treaty between Belarus and Myanmar on 2 April 2026. The agreement was signed on 28 November 2025 during the official visit of Belarusian President
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Hong Kong introduces e-filing of hotel accommodation tax returns
The Hong Kong Inland Revenue Department (IRD) has introduced electronic completion and filing of Hotel Accommodation Tax returns, effective 1 April 2026. In addition to the existing paper returns, starting from 1 April 2026, hotels may choose to
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