Asia Pacific

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice. Source: Read Official Announcement

The Ministry of Finance released a ruling on 4 September 2026 stating that profit-seeking enterprises may only claim deductions for overseas investment losses when such losses are realized, in accordance with Article 36 of the Income Tax Act and the relevant enforcement rules. The clarification targets situations where companies attempt to deduct unrealized paper losses

Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice. Source: Read Official Announcement

On 4 September 2026, the Ministry of Finance reminded taxpayers that the tax refund granted for the repurchase of owner-occupied residential property is conditional. Under the relevant provisions of the Land Tax Act and House Tax Act, if the property changes use (e.g., converted to rental or commercial use) or is transferred within five years

On 4 September 2026, the Ministry of Finance reminded taxpayers that the tax refund granted for the repurchase of owner-occupied residential property is conditional. Under the relevant provisions of the Land Tax Act and House Tax Act, if the property changes use (e.g., converted to rental or commercial use) or is transferred within five years

The Ministry of Finance announced on 4 September 2026 that non-agricultural land currently used for agricultural production may be eligible for estate tax exemption, provided specific conditions are met and supporting documents are submitted. This interpretation is based on Article 17 of the Estate and Gift Tax Act, which exempts agricultural land from estate tax.

The Ministry of Finance announced on 4 September 2026 that non-agricultural land currently used for agricultural production may be eligible for estate tax exemption, provided specific conditions are met and supporting documents are submitted. This interpretation is based on Article 17 of the Estate and Gift Tax Act, which exempts agricultural land from estate tax.