Asia Pacific

Indonesia: Indonesia Sets Weekly Exchange Rates for Customs and Tax Sept 2-8

On 1 September 2026, the Minister of Finance enacted Decision No. 41/MK/EF.2/2026, prescribing the official exchange rate values applicable for calculating import duties, Value Added Tax (VAT), Luxury Goods Sales Tax (PPnBM), export duties, and Income Tax withholdings for the period 2 September 2026 through 8 September 2026. This weekly determination is mandated under Article

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Australia:ATO Urges NFPs to Update Authorised Contacts and Permissions

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

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Nepal: Nepal Postpones Taxpayer Incentive Gift Winner Selection Program

On 1 September 2026 (16 Bhadra 2083), the IRD announced the postponement of the winner selection ceremony for the Taxpayer Incentive Gift Program, originally scheduled for mid-September. The program, launched under the Finance Act 2083, rewards compliant taxpayers through a lucky draw of electronic invoices submitted via the IRD’s e-invoice system. The postponement is attributed

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Indonesia: Indonesia Coretax: New Era of Tax Withholding Transparency Launched

On 1 September 2026, the DGT announced the full operationalization of the electronic tax withholding certificate (e-Bukpot) within Coretax, marking a milestone in tax transparency. The system allows taxpayers to view, download, and verify withholding certificates issued by payers in real time, eliminating manual issuance and reducing fraud. The legal basis includes PMK-44/2026 on tax

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Singapore: Singapore GST ACAP Renewal Rules Updated for Partial Exemption Review

Effective 1 September 2026, the Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide for the Goods and Services Tax (GST) Assisted Compliance Assurance Programme (ACAP) renewal process. The amendments introduce mandatory review of partial exemption rules application on input tax recovery for partially exempt businesses during ACAP renewal reviews. Additionally, the

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India: CBDT Notifies Foreign Assets Disclosure Scheme for Small Taxpayers

On 1 September 2026, the Central Board of Direct Taxes (CBDT) issued Notification No. 114/2026 [F. No. 370142/18/2026-TPL], formally notifying the rules and prescribed forms under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. This scheme aims to widen the tax base by encouraging small taxpayers to voluntarily disclose foreign assets and income, aligning

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Singapore: Singapore GST ACAP Guidance Revised for Technical Clarification Standards

On 1 September 2026, IRAS released an amended version of the GST Assisted Compliance Assurance Programme (ACAP) e-Tax Guide, focusing on procedural enhancements for technical clarification requests. The update adds paragraphs 7.5 to 7.7 to Appendix 1 (GST ACAP Review Guidance), detailing specific information requirements for taxpayers and tax agents seeking technical clarifications from IRAS

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Singapore: Singapore Launches New GST Technical Clarification Request Webpage

Effective 1 September 2026, IRAS has launched a dedicated webpage establishing mandatory information requirements for tax agents submitting Goods and Services Tax (GST) technical clarification requests on behalf of taxpayers. This new guidance standardizes the submission process, requiring tax agents to include specific details such as the taxpayer’s GST registration number, the precise legislative provisions

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India: India Issues Foreign Asset Disclosure Rules for Small Taxpayers

On 1 September 2026, the Central Board of Direct Taxes (CBDT) issued Notification No. 114/2026 [F. No. 370142/18/2026-TPL], formally notifying the rules and prescribed forms under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. This scheme, introduced under the Finance Act 2026, provides a one-time compliance window for small taxpayers to declare undisclosed foreign

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Bangladesh: Customs Allows Warehouse License Holders to Supply Export-Oriented Mélange Yarn Producers

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

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