Asia Pacific

Hong Kong SAR: Hong Kong Gazettes Comprehensive DTA Orders with Six Countries

On 14 October 2026, the Hong Kong SAR Government published in the Gazette the orders giving effect to comprehensive avoidance of double taxation agreements (DTAs) concluded with six jurisdictions. These agreements cover taxes on income and capital and incorporate the OECD BEPS minimum standards, including the Principal Purpose Test (PPT) as an anti-abuse rule and,

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Hong Kong SAR: LegCo Advances Stamp Duty Amendment Bill No.3 Second Reading

On 14 October 2026, the Secretary for Financial Services and the Treasury moved the second reading of the Stamp Duty (Amendment) (No. 3) Bill 2026 in the Legislative Council (LegCo). The bill, which was gazetted on 29 September 2026, proposes targeted amendments to the Stamp Duty Ordinance (Cap. 117) to address market distortions and close

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Hong Kong SAR: Hong Kong Gazettes Orders for Six New Double Tax Treaties

On 14 October 2026, the Hong Kong Government gazetted the Inland Revenue (Double Taxation Relief and Prevention of Fiscal Evasion with Respect to Taxes on Income) (Six Countries) Order 2026. This legislative instrument gives effect to the comprehensive double taxation agreements (DTAs) signed between Hong Kong and six jurisdictions: [Country A], [Country B], [Country C],

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Mainland China: China Launches Belt and Road Tax Service 2.0 to Boost Compliance

On 14 October 2026, the STA officially launched the “Belt and Road Tax Service Product System (Version 2.0),” a comprehensive upgrade of the 2021 inaugural edition. The system comprises 12 service products across four categories: policy guidance, filing assistance, dispute resolution, and credit facilitation. Key enhancements include a multilingual intelligent Q&A robot covering 18 languages,

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Taiwan: Taiwan 2025 Corporate Tax: Amended Filing Avoids Underreporting Penalties

As of 14 October 2026, the NTBT urged profit-seeking enterprises that underreported income in their 2025 (114th year) annual tax return to file a voluntary amended return (自動補報) and pay the additional tax due. Under the Tax Collection Act, voluntary correction before the tax authority initiates an audit results in waiver of the underreporting penalty

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Mainland China: Tax Data Shows Positive Growth in Hengqin Zone After Five Years

According to tax statistics released on 14 October 2026, the Hengqin Guangdong-Macao In-depth Cooperation Zone has achieved substantial economic growth since its establishment in September 2021. Key indicators include: a 3.8-fold increase in the number of registered market entities (reaching 18,500), cumulative tax revenue exceeding RMB 42 billion, and over 1,200 high-tech enterprises benefiting from

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India:India-Mauritius Tax Treaty Protocol Amended via Notification

On 14 October 2026, the CBDT notified the Protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Mauritius via Notification No. 135/2026 (SO 5611(E)). The protocol introduces significant modifications to the existing convention, particularly concerning capital gains taxation on shares, principal purpose test (PPT) provisions, and exchange of information clauses. These amendments reflect

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Mainland China: Belt and Road Tax Administration Product System 2.0 Unveiled

On 14 October 2026, the State Taxation Administration (STA) unveiled the “Belt and Road Tax Administration Product System (Version 2.0)” alongside the taxpayer service counterpart. This administration-focused system equips tax authorities of partner countries with digital tools for risk management, audit selection, collection enforcement, and official collaboration. Core modules include a cross-border risk early-warning model

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Mainland China: Belt and Road Tax Forum Opens in Jakarta to Enhance Cooperation

The 7th Belt and Road Tax Administration Cooperation Forum opened in Jakarta on 13 October 2026, marking the first in-person gathering since 2019. Over 200 delegates from 38 Belt and Road partner countries and international organizations attended. The opening ceremony featured keynote addresses by STA Commissioner Wang Jun and Indonesian Minister of Finance Sri Mulyani

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Indonesia: Indonesia DJP Partners 38 Tax Administrations for Business Certainty

On 13 October 2026, the Indonesian Directorate General of Taxes (DJP) announced a strategic partnership with 38 regional tax administrations across the archipelago to strengthen tax certainty for the business community. This initiative, formalized through a memorandum of understanding, aims to harmonize tax administration practices, improve data sharing, and provide consistent guidance to taxpayers operating

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