On 29 September 2026, the Taiwan Ministry of Finance (MOF) issued a reminder that all domestically produced goods exported from Taiwan must correctly indicate their country of origin in accordance with the Customs Act and the Regulations Governing the Indication of Country of Origin on Import and Export Goods. This measure aims to facilitate customs
Taiwan: Taiwan Customs Requires Correct Origin Marking for Exports Read More »
On 29 September 2026, the Hong Kong Government gazetted the Stamp Duty (Amendment) (No. 3) Bill 2026, marking the third round of stamp duty amendments this year. The bill proposes targeted adjustments to ad valorem stamp duty rates and introduces new exemptions for specific corporate restructuring transactions. The legislative move reflects the government’s ongoing calibration
Hong Kong SAR: Hong Kong Gazettes Stamp Duty Amendment Bill 2026 Third Round Read More »
On 29 September 2026, the Directorate General of Taxes issued guidance on the Value Added Tax (VAT) exemption for the first IDR 500 million of turnover, a measure aimed at supporting micro and small enterprises. The clarification addresses the scope of “Pajak yang Tidak Dipungut” (Tax Not Collected) provisions under the prevailing VAT Law and
Indonesia: Indonesia VAT Exemption for First IDR 500 Million Turnover Explained Read More »
On 29 September 2026, the Kaohsiung Customs Office announced that it will maintain uninterrupted 24-hour customs clearance services throughout the consecutive holiday period for National Day (10 October), Taiwan Retrocession Day (25 October), and the Kinmen Guningtou Battle Anniversary (25 October) in 2026 (Republic of China Year 115). The measure ensures that import and export
Taiwan: Kaohsiung Customs Maintains 24/7 Clearance During National Day Holiday Read More »
As of 29 September 2026, the State Taxation Administration announced that the VAT credit refund policy, implemented one year ago, has processed cumulative refunds of 281.8 billion yuan. The policy targets advanced manufacturing, R&D-intensive enterprises, and small businesses to alleviate cash flow pressures. The STA highlighted that the policy has effectively supported targeted sectors and
On 29 September 2026, the Minister of Finance enacted Regulation No. 71 of 2026 (PMK-71/2026), which amends Minister of Finance Regulation No. 118 of 2024 concerning the procedures for tax correction, objection, reduction, revocation, and cancellation. This amendment represents a significant update to the administrative dispute resolution framework available to taxpayers contesting tax assessments, penalties,
Indonesia: Indonesia Amends Tax Dispute Procedures: Correction, Objection, Revocation Read More »
On 29 September 2026, the Customs Administration under the MOF confirmed that all customs offices nationwide will provide round-the-clock clearance services during the two consecutive holiday periods in October 2026: National Day (10–12 October) and the combined Taiwan Retrocession Day and Kinmen Guningtou Battle Anniversary (25–27 October). The directive applies to all ports, airports, and
Taiwan: Taiwan Customs Ensures Smooth Clearance for Double Holiday Period Read More »
On 29 September 2026, State Taxation Administration Commissioner Hu Jinglin participated in the 2026 BRICS Tax Authorities Heads Meeting. The meeting focused on enhancing tax cooperation among BRICS nations, including digital economy taxation, tax administration capacity building, and information exchange mechanisms. China advocated for a more inclusive global tax governance framework and proposed joint initiatives
Mainland China: STA Commissioner Hu Jinglin Attends 2026 BRICS Tax Heads Meeting Read More »
The Minister of Finance Decree No. 46/MK/EF.2/2026, issued on 29 September 2026, prescribes the official exchange rates for the period 30 September 2026 to 6 October 2026. These rates serve as the legal conversion basis for calculating import duties, Value Added Tax (VAT), Luxury Goods Sales Tax (LGST), export duties, and income tax liabilities arising
Indonesia: Indonesia Sets Exchange Rates for Customs, VAT, Luxury Tax Sep 30-Oct 6 Read More »
Through Circular No. 07/2026 dated 28 September 2026, the CBDT has extended key filing deadlines for Assessment Year 2026-27. The due date for filing Income Tax Returns (ITR) for taxpayers covered under Sl. No. 2 of the Table under Explanation 2 to Sub-section (1) of Section 139 of the Income Tax Act, 1961, has been
India: India CBDT Circular 07/2026 Extends ITR, Audit Due Dates for AY 2026-27 Read More »
