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Bangladesh: Shanta Holdings Seeks Review of Glass Units HS Code Ruling

Bangladesh /

On 27 October 2026, Shanta Holdings Limited submitted a review application challenging the advance ruling on the HS code for imported “Multiple-Walled Insulated Units of Glass (Unitized aluminium and glass curtain wall).” The applicant contests the classification determined by customs authorities, seeking a revised HS code that may alter duty liability. The review process allows

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Bangladesh: NBR Determines HS Code for CKD Tata Pickup/Cargo Van Imports

Bangladesh /

On 27 October 2026, the NBR issued a determination of the correct HS code for Completely Knocked Down (CKD) motor vehicles, specifically Brand New Tata Pickup/Cargo Van Model ACE EX2, imported by Nita Company Limited. The ruling classifies the CKD kits under a specific heading, impacting the applicable customs duty, VAT, and other taxes. This

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Bangladesh: HS Code Fixed for Magnetic Starter (DOL Starter) Imports

Bangladesh /

On 27 October 2026, the NBR published a determination of the correct HS code for Magnetic Starter (DOL Starter) imported by M/S Allince Trade International. The classification decision resolves ambiguity regarding the tariff heading for this electrical equipment, ensuring the correct application of customs duties and VAT. The ruling is based on the General Rules

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Taiwan: Taiwan AMT Filing: Overseas Income Self-Reporting Required

Taiwan /

On 27 October 2026, the NTBT reminded individual taxpayers that overseas-sourced income is not included in the National Taxation Bureau’s pre-filled income query system for Alternative Minimum Tax (AMT) purposes. Under the Income Basic Tax Act, taxpayers with overseas income exceeding NT$1 million must voluntarily include such amounts in their AMT calculation, even if the

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Australia: Australia Launches Hydrogen Production Tax Incentive for Renewable Energy

Australia /

On 27 October 2026, the Australian Taxation Office (ATO) published comprehensive guidance on the Hydrogen Production Tax Incentive (HPTI), a key measure under the Federal Government’s Future Made in Australia agenda. The incentive provides a refundable tax offset of $2 per kilogram of renewable hydrogen produced between 2027–28 and 2039–40, aimed at accelerating the domestic

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Australia: ATO Issues Guidance on Public Country-by-Country Reporting Submission

Australia /

Effective 27 October 2026, the ATO has published detailed procedural guidance for multinational enterprises (MNEs) required to publish their Country-by-Country (CBC) reports publicly. This follows the legislative enactment of public CBC reporting for significant global entities with annual global income of AUD 1 billion or more. The guidance specifies the timing, format, and manner of

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Kazakhstan: Kazakhstan: Bankruptcy Does Not Absolve Leaders from Tax Liability

Kazakhstan /

On 27 October 2026, the State Revenue Committee (SRC) issued a landmark clarification reinforcing the personal liability of company directors and beneficial owners for tax arrears, even in the event of corporate bankruptcy. The statement references Article 54 of the Tax Code and recent Supreme Court rulings establishing that tax obligations constitute public-law liabilities that

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Australia: ATO Provides FBT Compliance Tips for Employer-Provided Vehicles

Australia /

In a 26 October 2026 bulletin, the ATO reminded employers of their fringe benefits tax (FBT) obligations regarding vehicles provided to employees, particularly ahead of the festive season when private usage often increases. The bulletin outlines three key compliance tips: maintaining accurate logbooks to establish the business use percentage, ensuring that any private use is

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Indonesia: Indonesia Tax Office Details PMK 71/2026 & KEP-239/2026 at Dialog

Indonesia /

On 26 October 2026, the Regional Office of the Directorate General of Taxes (DJP) for South Sulawesi and West Sulawesi (Sulselbartra) hosted a tax dialogue with the Indonesian Tax Consultants Association (PSMTI) to dissect the newly issued PMK 71/2026 and KEP-239/2026. These regulations address administrative penalty reductions and procedural guidelines for tax dispute resolution, forming

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Australia: ATO Highlights Compassionate Super Release Tax Implications

Australia /

On 26 October 2026, the ATO published a detailed article for superannuation professionals and fund members explaining the true cost of accessing superannuation early on compassionate grounds. While the Superannuation Industry (Supervision) Regulations 1994 allow early release for specific expenses (e.g., medical treatment, palliative care, mortgage foreclosure prevention), the ATO emphasizes the significant financial consequences:

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