Asia Pacific

Azerbaijan: Four International Digital Firms Added to Azerbaijan’s VAT Register

As of 13 August 2026, Azerbaijan’s State Tax Service has registered four additional multinational digital service providers for VAT, extending the country’s reach into the global digital economy and ensuring that cross‑border electronic services are subject to local consumption tax. Key Takeaways Broadening Tax Base: The new registrations cover streaming platforms, cloud services, and online

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Azerbaijan: Cooperation Opportunities Discussed with Xinjiang Joinworld Co., Ltd.

On 13 August 2026, the State Tax Service held discussions with representatives of “Xinjiang Joinworld Co., Ltd.” to explore cooperation opportunities in tax administration and investment facilitation. The meeting addressed the application of the Azerbaijan-China Double Taxation Avoidance Agreement, advance pricing agreements (APAs), and the potential for joint capacity-building in transfer pricing audits. Key Takeaways

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Azerbaijan: Taxpayer Service Centers Deliver Approximately 550,000 Services Nationwide

As of 13 August 2026, Azerbaijan’s State Tax Service reported that its taxpayer service centers provided close to 550,000 distinct services—including consultations, filings, and payment processing—during the first seven months of the year, reflecting robust public engagement with tax administration. Key Takeaways Service Volume Growth: The figure marks a noticeable increase compared with the same

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Azerbaijan: Nakhchivan Records 85.8% of Commercial Entities Electronically Registered

As of 13 August 2026, tax authorities in the Nakhchivan Autonomous Republic announced that 85.8 % of local commercial enterprises are now registered in the electronic taxpayer register, demonstrating significant progress toward digitalization of business registration and tax compliance. Key Takeaways Digital Registration Drive: The shift to electronic records reduces paperwork, accelerates registration, and improves data

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Bhutan: Bhutan Ministry Announces Customs & Revenue Officer Selection – 13 Aug 2026

The Ministry of Finance of Bhutan, through its Department of Revenue & Customs, has officially released the selection results for the post of Customs and Revenue Officer (LTO) in Kolkata, effective 13 August 2026. The announcement, published on the Ministry’s website, outlines the criteria used for candidate evaluation and the process for result verification. Applicants

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Taiwan: MOF Launches Five‑Year 115‑A8 Government Bond to Finance Public Projects

On 13 August 2026, the Ministry of Finance issued a five‑year 115‑A8 government bond, aiming to raise funds for public projects and manage fiscal needs. Key Takeaways Bond issuance: The 115‑A8 bond carries a fixed interest rate and matures in five years, supporting infrastructure and social programs. Fiscal impact: Proceeds are earmarked for debt reduction

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Taiwan: By End‑June 115, No Unclaimed Inheritance Surpluses Have Been Settled to Treasury

As of 30 June 115, the Ministry of Finance reported that no unclaimed inheritance surpluses had been transferred to the Treasury, indicating complete settlement of such cases. Key Takeaways Settlement status: All inheritance surplus cases have been resolved, with no remaining balances pending Treasury allocation. Policy implication: Confirms effective enforcement of inheritance tax collection and

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India: Tax Dept Directive District Legal Service Authority Panchkula 4458(E) 2026

On 12 August 2026 the Income Tax Department published Notification No 112/2026 under Scheme Office SO 4458E providing complementary procedural directives for the District Legal Service Authority Panchkula regarding the conduct of tax assessments and the facilitation of taxpayer representation in preliminary proceedings This notification supplements the earlier SO 4459E directive by specifying documentation requirements

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South Korea: Global Minimum Tax Reporting Obligation

Reporting obligation details Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel. Source: Read

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Indonesia: DJP Facilitates UMKM Tax Holiday: Streamlined Compliance for Micro-SME Growth

In a landmark move to support micro and small- and medium enterprises (UMKM), the DJP, in coordination with the Ministry of Cooperatives and SMEs, has launched a targeted tax holiday scheme effective 1 August 2026. The policy provides a full 12-month corporate income tax exemption for qualifying UMKM with annual gross revenue not exceeding IDR

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