On 2 August 2026, the National Board of Revenue (NBR) issued a press release announcing a supplementary tax incentive scheme designed to boost voluntary compliance among individual and corporate taxpayers ahead of the impending deadline for the 2025-2026 tax year return submission. The incentive provides a conditional reduction of up to five percent (5%) on
FRCS recently convened a high‑level Customs Brokers Forum at Suva Port, linking participants from Suva and Nadi ports to discuss the upcoming 2026/2027 National Budget measures that affect importers of prefabricated homes and other trade sectors. The virtual event formed part of FRCS’s ongoing strategy to foster collaboration with key stakeholders and to ensure that
FRCS Engages Customs Brokers on the 2026/2027 National Budget Measures Read More »
The Fiji Revenue and Customs Service (FRCS) has issued a strong caution regarding the circulation of counterfeit Tax Clearance and Tax Compliance Certificates (TCCs) as well as fabricated letters falsely indicating that legitimate certificates have been cancelled due to a system error. The Service emphasized that these documents are unauthorised, do not originate from FRCS,
FRCS Issues Strong Warning on Fraudulent Tax Certificates and Fake Cancellation Notices Read More »
On 31 July 2026 the Ministry of Economy of Uzbekistan released a news bulletin announcing a series of official events organized by the tax committee. The bulletin, accessible at the link below, provides a comprehensive schedule of seminars, workshops, and public consultations relating to tax legislation, compliance procedures, and digitalization initiatives. Topics include updates to
Ministry of Economy of Uzbekistan released a news bulletin organized by tax committee Read More »
On July 31, 2026, the State Tax Administration (SAT) officially released its inaugural cross‑border tax industry guideline titled ‘Guideline on Tax Services for International Transportation.’ The document provides a comprehensive framework for tax administration of overseas transport‑related activities, aiming to clarify tax obligations for enterprises engaged in shipping, aviation, and other international transport modes. It
On 31 July 2026, IRAS released the updated Form IR8A, Appendix 8A, and Appendix 8B for Year of Assessment 2027 under the Auto-Inclusion Scheme (AIS) for Employment Income. Employers participating in AIS must use these revised forms to report employee earnings, benefits-in-kind, and stock option gains by 1 March 2027. The updates reflect legislative changes
Singapore: IRAS Releases Updated IR8A and Appendix Forms for Year of Assessment 2027 Read More »
The Taiwan Tax Bureau announced that it will host the 62nd Tax Conference on 2026/07/31, convening senior officials, tax administrators, and industry experts to discuss upcoming policy reforms. The agenda includes sessions on digital taxation, anti‑avoidance measures, and the impact of recent amendments to the Gift and Estate Tax Law. Attendees will also receive updates
Taiwan: Tax Bureau Holds 62nd Tax Conference, Policy Updates, 2026/07/31 Read More »
On 31 July 2026, the Philippine Department of Finance (DOF) and the Fiscal Incentives Review Board (FIRB) announced strong support for Executive Order (EO) No. 121, which formally establishes the Electric Vehicle Incentive Strategy (EVIS) Program. The EO, signed by President Ferdinand R. Marcos Jr., creates a comprehensive fiscal and non-fiscal incentive framework designed to
Effective Year of Assessment 2026, IRAS has expanded the Life Insurance Relief to allow wives to claim tax relief on insurance premiums paid on life insurance policies owned by their husbands. Previously, the relief was restricted to premiums paid on the taxpayer’s own policy or on a policy owned by the taxpayer’s spouse where the
On 2026/07/30, the Taiwan Tax Bureau approved a legislative amendment to the Gift and Estate Tax Law, tightening reporting thresholds and expanding the scope of taxable transfers. The amendment raises the taxable gift exemption limit from NT$10 million to NT$20 million per donor per year, while introducing a progressive tax rate up to 10% for high‑value transfers
Taiwan: Tax Bureau Approves Gift and Estate Tax Law Amendment, 2026/07/30 Read More »
