Asia Pacific

Cambodia: GDT Announces Excise Tax Implementation on Insurance Services

On 20 October 2026, the GDT issued an announcement regarding the implementation of excise tax on insurance services. The notice provides detailed guidance on the application of the excise tax regime to insurance premiums, including calculation methods, filing obligations, and payment deadlines. This measure aligns with Cambodia’s broader tax reform agenda to broaden the tax

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Singapore: Singapore Launches Digital Tools for Corporate Tax Filing 2026

On 19 October 2026, IRAS launched a suite of new digital resources under the “Tax Made Simple; Business Made Stronger” initiative to ease corporate income tax filing for the Year of Assessment 2027. The Media Release announced the rollout of an enhanced Corporate Tax Filing Guide, interactive e-learning modules, and a dedicated chatbot for real-time

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Sri Lanka: Sri Lanka Issues Guide on Obtaining Tax Residency Certificates

On 19 October 2026, the Sri Lanka Inland Revenue Department (IRD) published a comprehensive notice detailing the procedure for taxpayers to obtain Tax Residency Certificates (TRC). This guidance is critical for residents seeking relief under Sri Lanka’s network of Double Taxation Avoidance Agreements (DTAAs). The notice references the relevant provisions of the Inland Revenue Act

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Japan: Japan NTA Approves Fourth Round of Liquor Industry Subsidies

On 19 October 2026, the Japan National Tax Agency (NTA) published the list of businesses selected for the fourth round of the Liquor Industry Promotion Subsidy (Sake Gyō Shinkō Shien Jigyō Hojokin). Administered by the NTA’s Liquor Tax Division, this subsidy program aims to strengthen the competitiveness of Japan’s liquor manufacturers—particularly sake, shochu, and craft

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Singapore:Singapore Launches Digital Tools for Corporate Tax Filing 2026

On 19 October 2026, IRAS released a Media Release announcing new digital resources under the “Tax Made Simple; Business Made Stronger” initiative to ease Corporate Income Tax (CIT) filing for Year of Assessment 2026. The enhancements include an upgraded Corporate Tax Filing Guide, interactive e-Learning modules, and a revamped Tax Calculator for estimating chargeable income.

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Taiwan: Taiwan Tax Bureau Issues Delinquency Notices for 2025/2024 Unfiled

On 19 October 2026, the NTBT announced the issuance of delinquency notices to taxpayers who failed to file the 2025 (114th year) individual income tax final return and the 2024 (113th year) undistributed earnings tax return for profit-seeking enterprises. The Bureau emphasized that late filing incurs a penalty of 0.1% of the tax due per

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Mainland China: China Tax Bureau Reveals Three Invoice Economy Fraud Cases

On 19 October 2026, the State Taxation Administration (STA) released three typical cases as part of its ongoing campaign to rectify the “invoice economy”—a practice where local governments illegally attract investment by offering tax rebates through fraudulent invoicing. The cases involve the illegal introduction of invoicing companies, fictitious trade “circular invoicing,” and non-substantive operations issuing

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Mainland China: China Targets Invoice Economy Precisely for High-Quality Growth

On 19 October 2026, the STA published a policy commentary stressing the need for scientific and precise rectification of the “invoice economy” to consolidate the foundation of high-quality economic development. The article outlines a multi-pronged approach: strengthening source governance of invoice issuance, leveraging big data analytics to identify abnormal invoicing patterns, and enhancing inter-departmental coordination

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Cambodia: GDT Engages Cambodian Students Abroad on Tax Awareness

On 19 October 2026, the General Department of Taxation (GDT) organized a dialogue session with Cambodian students studying abroad and student groups from China and Romania. The event aimed to raise tax awareness among the diaspora and future professionals, covering topics such as tax residency, cross-border income reporting, and Cambodia’s tax treaty network. Senior GDT

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