Asia Pacific

Taiwan: 115th Year Provisional Tax Filing Starts September 1; Eligible May Be Exempt

On 13 August 2026, the Ministry of Finance announced that the 115th fiscal year provisional tax filing will commence on 1 September, offering exemptions to eligible taxpayers who meet predefined criteria. Key Takeaways Filing start: Provisional tax filing opens on 1 September 115, streamlining the reporting process. Exemption provision: Qualifying taxpayers may be exempt from

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Sri Lanka: Sri Lanka Inland Revenue Department Announces July 2026 VAT Return Compliance

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a formal notice requiring all registered taxpayers to make tax payments and furnish Value Added Tax returns for the month of July 2026. This notice operates under the provisions of the Value Added Tax Act, No. 14 of 2002, and its implementing

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Taiwan: Loss‑Making Companies That Underreport Income Remain Subject to Tax Penalties

On 13 August 2026, the Ministry of Finance reminded that loss‑making enterprises that fail to accurately report income remain subject to tax penalties under the Income Tax Act. Key Takeaways Penalty enforcement: Underreporting income does not exempt companies from tax liabilities or penalties. Compliance requirement: Accurate income reporting is mandatory to avoid additional sanctions. Disclaimer:This

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Sri Lanka: Sri Lanka Inland Revenue Department Announces July 2026 Social Security Contribution Payment

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a notice compelling all applicable employers and entities to make Social Security Contribution Levy (SSCL) payments for the month of July 2026. The SSCL, established under the Social Security Contribution Levy Act, No. 10 of 2006, constitutes a statutory deduction from employee

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Sri Lanka: Sri Lanka Inland Revenue Department Announces July 2026 Advanced Personal Income Tax Payment

As of 13 August 2026, the Inland Revenue Department of Sri Lanka issued a notice requiring taxpayers and financial institutions to make Advanced Personal Income Tax (APIT) and Withholding Tax (WHT) payments pertaining to amounts withheld or accrued during the month of July 2026. The notice specifically addresses tax obligations on interest income and various

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Uzbekistan: Uzbekistan’s Tax Authority Announces New Digital Certificate Rules for Origin Documents

As of 2026/08/13, the Uzbek State Tax Committee published amendments to Implementing Regulation No. 2026/1422 on electronic certificates of origin, tightening customs and tax review timelines, and introducing stricter record‑keeping obligations for cross‑border transactions. Key Takeaways Electronic Certification: Paper certificates of origin are abolished; all taxpayers must obtain and submit electronic certificates through the official

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South Korea: New National Tax Commissioner Emphasizes Fair Tax Administration and Digital Transformation Agenda

On August 13, 2026, Im Kwang-hyun commenced his second year as Commissioner of the Korean National Tax Service, delivering a keynote address at the agency’s annual policy briefing that outlined the strategic direction for tax administration over the ensuing twelve months. Commissioner Im reaffirmed the agency’s core mission to foster a fair, transparent, and efficient

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Taiwan: 115th Year Provisional Tax Filing Starts September 1; Eligible May Be Exempt

On 13 August 2026, the Ministry of Finance announced that the 115th fiscal year provisional tax filing will commence on 1 September, offering exemptions to eligible taxpayers who meet predefined criteria. Key Takeaways Filing start: Provisional tax filing opens on 1 September 115, streamlining the reporting process. Exemption provision: Qualifying taxpayers may be exempt from

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Cambodia: Cambodia Tax Authority Issues Penalty Relief Notice Effective 13 Aug 2026

The Cambodia General Department of Taxation issued an official penalty relief notice on 15 August 2026 providing qualified taxpayers with a one-time opportunity to waive accrued interest and late-filing penalties arising from the 2020-2025 tax periods. The relief measures target micro-enterprises and small businesses severely impacted by the post-pandemic economic downturn provided they demonstrate good-faith

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Kyrgyzstan: Eliminated Simplified VAT Declaration Requirement for Self-Employed Effective March 1

On 13 August 2026, the Kyrgyz State Tax Committee announced the official elimination of the mandatory simplified Value Added Tax (VAT) declaration requirement for taxpayers registered under the self-employment regime, with the ruling taking effect on 1 March 2027. The decision forms part of a broader fiscal reform aimed at streamlining compliance obligations for micro-enterprises,

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