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Mainland China: China Tax Incentives Drive Healthy China Initiative Forward

Mainland China /

On 13 October 2026, the STA, jointly with the Ministry of Finance and the National Health Commission, issued a policy package detailing tax and fee preferential measures to support the “Healthy China 2030” strategy. The package includes: (1) enhanced super-deduction for R&D expenses in pharmaceutical and medical device manufacturing (increased from 100% to 120%); (2)

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Indonesia: Indonesia Eases Tax Obligation Settlement for Taxpayers

Indonesia /

On 13 October 2026, the Indonesian Government unveiled a package of regulatory simplifications aimed at easing the settlement of tax obligations for individual and corporate taxpayers. The new measures, issued through a Minister of Finance Regulation (PMK), reduce administrative requirements for tax return amendments, installment payments, and tax refund applications. The policy responds to feedback

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Fiji: Fiji FRCS & Tax Agents Forge Stronger Profession via Strategic Plan

Fiji /

On 13 October 2026, the Fiji Revenue and Customs Service (FRCS) convened Tax Agents Forums in Nadi and Labasa, bringing together practitioners from the Western and Northern Divisions to advance a shared vision for the tax profession. The forums featured the unveiling of the Tax Agents Board (TAB) Draft Strategic Plan for 2026–2029 by FRCS

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Japan: Japan NTA Launches Digital Data Request Portal for Tax Audits

Japan /

On 13 October 2026, the National Tax Agency (NTA) of Japan published a dedicated webpage outlining its new initiative regarding the request for digital books and records data during tax audits. This development stems from the ongoing digitalization of tax administration under the Electronic Books Preservation Act and the National Tax Code. The new guidance

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Indonesia: Indonesia Sets Exchange Rates for Customs, VAT, Luxury Tax Oct 14-20

Indonesia /

On 13 October 2026, the Indonesian Minister of Finance issued Decree No. 49/MK/EF.2/2026 establishing the official exchange rates to be used as the basis for calculating import duties, Value Added Tax (VAT), Luxury Goods Sales Tax (LGST), export duties, and income tax for the period 14 October 2026 to 20 October 2026. This weekly decree

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Mainland China: Lease Contract Scheme Behind Improper Tax Preference Claims

Mainland China /

On 12 October 2026, an investigative feature exposed the mechanics of the Zhejiang Zhongshui Biaotixin scheme, where the firm created a library of template lease contracts with inflated rents, backdated signatures, and matching bank transfer records (later reversed). The firm coached client finance staff on “audit interview scripts” to maintain consistency. The SAT’s big data

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Bangladesh：Bangladesh LTU Re-tenders Vehicle Sale Under VAT for Large Taxpayers

Bangladesh /

On 12 October 2026, the Large Taxpayer Unit (LTU) of the VAT wing issued a re‑tender notice for the sale of seized/confiscated vehicles. The sale is conducted under the Value Added Tax and Supplementary Duty Act, 2012, and the proceeds will be credited to the government treasury. The notice invites registered VAT taxpayers and authorized

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Nepal: Nepal IRD Announces Seal Bond Acceptance and E-Filing Mandate

Nepal /

On 12 October 2026 (26 Ashwin 2083), the Inland Revenue Department issued a formal notice (Reference: IRD/CUS/2083-84/13669) regarding the acceptance procedures for seal bonds (bank guarantees) submitted in connection with customs transit, temporary admission, and duty-deferment schemes. The notice operationalizes the amendments to the Customs Act 2064 introduced via the Finance Act 2083, which revised

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Mainland China: Yantai Bureau Cracks Down on Revenue Splitting Scheme

Mainland China /

On 12 October 2026, the Yantai Municipal Tax Bureau announced penalties against Laizhou Batong Financial Management Co., Ltd. for its own tax evasion (RMB 6.2 million) and for designing revenue-splitting structures for 15 manufacturing clients (RMB 34.8 million in underpaid corporate income tax). The firm advised clients to fragment single business operations into multiple small-scale

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Azerbaijan: Azerbaijan VAT Refunds Exceed 26 Million Manat for Property Owners

Azerbaijan /

On 12 October 2026, the State Tax Service under the Ministry of Economy of Azerbaijan announced that value-added tax (VAT) refunds for residential and non-residential property purchases have exceeded 26 million manat. This initiative operates under the “VAT Refund” project, which allows individuals to reclaim VAT paid on construction or purchase of housing and commercial

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