Asia Pacific

Mongolia: Mongolia Tax Council Resolves MRTF LLC Dispute Case

On 29 September 2026, the Tax Dispute Resolution Council operating under the Mongolian National Tax Administration (NTA) issued a ruling concerning a tax dispute involving MRTF LLC. The Council, established under the Law on Tax Dispute Resolution, serves as an independent administrative body to review taxpayer appeals against tax assessment decisions. This ruling follows the

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Taiwan: Taiwan Biotech Firms: Investment Tax Credit Deadline Approaches

On 29 September 2026, the Taipei National Tax Bureau (NTBT) released an official press announcement urging biotechnology and pharmaceutical companies to observe the application deadline for the profit-seeking enterprise shareholder investment tax credit. This tax incentive, established under the Statute for Industrial Innovation and the Income Tax Act, permits qualified shareholders of eligible biotech firms

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Mainland China: China Tax Bureau Exposes 5 Export Tax Fraud Cases, Urges Compliance

On 28 September 2026, the State Taxation Administration (STA) published a high-profile announcement detailing five major cases of export tax refund fraud, including collusion between enterprises and tax officials. The release serves as a stern warning to all market participants that the tax authorities are intensifying enforcement against fraudulent export refund schemes, which undermine fiscal

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Mongolia: Mongolia City Tax Arrears Draft Procedure Published

On 28 September 2026, the Mongolian National Tax Administration released a draft legislative proposal titled “City Tax Arrears Collection, Payment, Explanation, and Procedure” for public discussion. This draft aims to streamline the administrative process for managing municipal tax debts, including property tax, land tax, and other local levies. The proposal outlines steps for notification, installment

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Singapore: Singapore IRAS Clarifies GST on Business Asset Disposals

IRAS enhanced its ‘Sale and Disposal of Business Assets’ GST guide on 28 September 2026, adding a new section detailing the conditions under which a disposed asset may be treated as having no market value, thereby attracting zero output tax. This addresses a long-standing ambiguity for businesses writing off obsolete, damaged, or fully depreciated assets.

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Mainland China: China Reinforces Export Tax Refund Policy Red Lines for Trade Compliance

On 28 September 2026, the State Taxation Administration issued a policy commentary titled “Strictly Guard the Export Tax Refund Policy Red Line, Consolidate the Foundation of Compliant Development in Foreign Trade Industry.” The article outlines the government’s determination to protect the integrity of the export tax refund system — a critical lever for supporting foreign

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Azerbaijan: Azerbaijan Tax Service Launches New Online Survey for Taxpayers

On 28 September 2026, the State Tax Service (DVX) under the Ministry of Economy of the Republic of Azerbaijan announced the launch of its latest online survey aimed at collecting feedback from taxpayers regarding the quality and accessibility of digital tax services. This initiative aligns with the government’s broader digital transformation strategy, which seeks to

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Mainland China: Hunan Tax Police Crack Down on Export Tax Fraud Scheme Involving Official Collusion

On 28 September 2026, the Xiangxi Tujia and Miao Autonomous Prefecture Tax Bureau of Hunan Province, in conjunction with public security organs, announced the successful investigation of Hunan Chenrui Communication Technology Co., Ltd. and its actual controller Peng Yu for colluding with tax officials to fraudulently obtain export tax refunds. The case, investigated by the

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Mainland China: Inside Hunan Export Tax Fraud: Collusion, Fake Invoices, and Official Corruption

This companion article, released on 28 September 2026, provides a granular narrative of the Hunan Chenrui Communication Technology Co., Ltd. case, exposing the modus operandi of the fraud ring. It details how the controller, Peng Yu, orchestrated a “buy-declaration” (买单报关) scheme: purchasing export declaration documents from legitimate exporters, matching them with fabricated special VAT invoices

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Mainland China: Shandong Linyi Inspection Bureau Probes False Commodity Classification for Export Refunds

On 28 September 2026, the First Inspection Bureau of the Linyi Municipal Tax Bureau, Shandong Province, announced the investigation of Linyi Qunce International Trade Co., Ltd. for falsely reporting commodity classifications (HS codes) to fraudulently obtain higher export tax refund rates. The enterprise deliberately misclassified low-refund-rate products as high-refund-rate categories in customs declarations and corresponding

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