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Asia Pacific

Indonesia: Global Minimum Tax: End of International Corporate Tax Rate Race?

Indonesia /

As of 28 October 2026, the Indonesian Tax Authority released an analytical article examining the implications of the Global Minimum Tax (GMT) under the OECD/G20 Inclusive Framework on BEPS Pillar Two. Indonesia, as a signatory, is progressing toward domestic legislation to enforce a 15% effective minimum tax on multinational enterprises (MNEs) with consolidated revenues exceeding

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Kazakhstan: Kazakhstan Revises Tax Audit Selection Process Using Risk Minimization

Kazakhstan /

On 28 October 2026, the State Revenue Committee (SRC) approved a new procedural order governing the assignment of tax audits based on the minimization of tax risks. The order replaces the previous risk-based selection model with a more sophisticated algorithmic approach that integrates over 200 risk indicators across financial, behavioral, and sectoral dimensions. The methodology

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Australia: Tribunal Upholds Penalties for False SMSF Auditor Details

Australia /

On 28 October 2026, the Administrative Appeals Tribunal (AAT) upheld penalties imposed by the ATO on an SMSF trustee who lodged an annual return containing false auditor details. The case reinforces the strict requirement under the Superannuation Industry (Supervision) Act 1993 (SISA) that an SMSF’s annual return must be accompanied by an approved auditor’s report,

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Taiwan: Taiwan Tobacco Tax: Anti-Smuggling Campaign Promotes Legal Compliance

Taiwan /

The Ministry of Finance, in coordination with the National Treasury Administration and local tax bureaus, launched a public awareness campaign on 28 October 2026 to combat illicit cigarette trade under the slogan “Three No’s, One Must” (三不一要): No purchase, no sale, no transport of smuggled cigarettes; Must buy legal cigarettes with intact tax stamps. Illicit

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Australia: ATO Releases Overview of Behavioural Penalties for 2024-26

Australia /

On 28 October 2026, the ATO published a statistical overview of behavioural penalties imposed for the 2024–25 and 2025–26 financial years. The report categorizes penalties by type (e.g., false or misleading statements, taking a position not reasonably arguable, scheme penalties), taxpayer segment (individuals, small business, large corporates), and tax type. The data reveals a continued

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Taiwan: Kaohsiung Customs: Correct Origin Marking Ensures Smooth Clearance

Taiwan /

Kaohsiung Customs issued a compliance notice on 28 October 2026 reminding importers of their legal obligation to correctly mark the country of origin on imported goods and their packaging per Article 45 of the Customs Act and the Regulations Governing the Marking of Country of Origin on Imported Goods. Incorrect, missing, or misleading origin marking

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Australia: Australian Tax Gap Overview Updated with Latest Estimation Methodology

Australia /

The ATO released an updated Australian Tax Gaps Overview on 28 October 2026, providing a consolidated view of the estimated difference between the tax that would be collected if every taxpayer was fully compliant and the tax actually collected. The overview explains the principles and approaches to measuring gaps, including the top-down and bottom-up methodologies

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India: India CBDT Seventh Amendment Rules: Govt Securities Tax Exemption

India /

On 27 October 2026, the Central Board of Direct Taxes (CBDT) released a draft notification proposing the Income-tax (Seventh Amendment) Rules, 2026. This amendment introduces Rule 281A and a new Form 173A, prescribing the procedure for taxpayers to furnish information necessary to claim exemption on interest income and capital gains arising from Government securities under

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Fiji: Fiji Tax Authority Engages Rural Women on Customs Compliance

Fiji /

On 27 October 2026, the FRCS Savusavu team participated in the Rural Women’s Day Celebration at Wailevu, conducting an awareness session on Customs laws, border security, and taxation obligations. The initiative aimed to educate rural communities on prohibited and restricted goods, applicable Customs duties and taxes, and the importance of voluntary compliance. FRCS recognizes the

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Bangladesh: Advance Ruling: Classification of Multi-Walled Insulated Glass Units

Bangladesh /

On 27 October 2026, the NBR issued an advance ruling determining the correct Harmonized System (HS) code for imported “Multiple-Walled Insulated Units of Glass with Frame.” The ruling provides certainty for importers by classifying the product under a specific HS heading, ensuring uniform application of customs duties and taxes. Advance rulings are binding on customs

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