Asia Pacific

As of 2026/08/18, the Ministry of Finance announced amendments to the Tariff Tax Act, establishing that electric vehicles may possess a declaration of exemption from export or import duties effective January 1, 2027, aiming to promote sustainable transportation and reduce the upfront cost barrier for green vehicle adoption. The regulatory update specifies that vehicle manufacturers

As of 2026/08/18, the Ministry of Finance introduced regulatory revisions allowing taxpayers burdened by unpaid tax arrears, penalties, and fines to utilize diverse guarantee instruments, such as pledged time deposits or certified financial instruments, to lift provisional asset seizures and halts on enforcement actions. The new provisions aim to provide fiscal relief to businesses and

As of 2026/08/18, tax authorities reminded taxpayers of the critical 30-day window following issuance of tax assessments, notices of deficiency, or decisions on appeals, during which individuals and businesses may file objections, request reviews, or initiate payment arrangements to protect their legal rights. Failure to act within this statutorily defined period may result in the

As of 2026/08/17, the Bureau of National Property Services announced revisions to the procedures for surveying and evaluating non-public government-owned real property, aiming to enhance the accuracy, transparency, and efficiency of public asset management and valuation. The updated regulations streamline the inspection workflow, mandate digital documentation of property conditions, and establish clearer criteria for assessing