On 11 August 2026, the DGT responded to a common sentiment among entrepreneurs: “Why tax after I struggled alone and succeeded?” The article explains the progressive tax philosophy underpinning Indonesia’s system: those with higher ability to pay contribute more to fund public infrastructure, education, and healthcare that enable business environments. It cites the constitutional mandate
As of 10 August 2026, the State Tax Service reported that the number of transactions recorded using next‑generation cash registers (NKA) has increased by 14.7 % compared with the previous period, indicating wider adoption of modern fiscal equipment to improve sales transparency and reduce tax evasion. Key Takeaways Technology Adoption Surge: Retailers and service providers are
Azerbaijan: Usage of Next‑Generation Cash Registers in Azerbaijan Grows by 14.7% Read More »
On 10 August 2026 the Central Board of Direct Taxes CBDT issued Notification No 111/2026 CBDT under Scheme Office SO 4425E providing a clarificatory interpretation of Section 45 3 a i of the Income Tax Act 2025 in the context of the Sir Ganga Ram Trust case before the Delhi jurisdictional authority The notification addresses
As of 1 July 2026, the Ministry of Economy of the Republic of Uzbekistan, acting through its Tax Committee, officially published amendments to Implementing Regulation No. 2026/1422 (commonly referred to as the UCC‑IA). The regulatory update is part of a broader initiative to modernise customs procedures, reduce bureaucratic friction, and align Uzbekistan’s trade facilitation framework
Uzbekistan: Uzbekistan Updates Customs Regulation 2026/1422 for July 2026 Rollout Read More »
As of 10 August 2026, Azerbaijani tax authorities have refunded more than 20 million manat of value‑added tax to natural persons in the Nakhchivan Autonomous Republic for eligible expenses related to housing, renovation, and associated services, under the ongoing “VAT refund” program aimed at easing the tax burden on consumers. Key Takeaways Eligible Expense Scope: The
Azerbaijan: Over 20 Million Manat of VAT Refunded to Individuals in Nakhchivan Read More »
On August 10, 2026, the Korean National Tax Service issued a formal announcement detailing targeted tax support measures for individual and corporate taxpayers residing in areas designated as special disaster zones following record-breaking rainfall and widespread flooding during the preceding month. The announcement specifically addresses the tax obligations of affected taxpayers who experienced property damage,
On August 10 2026 the Tax Committee issued an official reminder regarding tax compliance obligations for resident and non-resident taxpayers. This communication serves as a formal notice addressing outstanding filing requirements documentation standards and payment deadlines applicable to the current tax period. The reminder encompasses both individual and corporate tax obligations emphasizing adherence to established
Uzbekistan: Tax Committee Announces August 10 2026 Compliance Reminder Initiative Read More »
On 10 August 2026 the Taipei National Tax Bureau NTB released urgent guidance concerning the reporting obligations of individuals who have underreported personal comprehensive income tax. The advisory emphasizes that any instance of omitted or underestimated taxable income must be promptly refiled through the formal tax return amendment process and the outstanding tax liability must
Taiwan: Tax Bureau: Personal Income Tax Late Reporting Requires Prompt Refiling Read More »
Customs authorities conducted a targeted operation uncovering substantial financial discrepancies involving millions of units of currency and goods lacking proper online monitoring system integration. The operation executed through coordinated inspection teams identified violations related to underreporting misclassification and circumvention of electronic tracking requirements. Following the raid authorities confirmed integration of enhanced monitoring systems designed to
Uzbekistan: Customs Enforcement Raid Uncovers Millions Without Online Monitoring System Read More »
The Tax Committee outlined enhanced customs cooperation measures designed to streamline border procedures improve information sharing with international partners and reduce compliance costs for traders engaged in international trade. This initiative reflects commitments under bilateral and multilateral trade agreements introducing digital platforms for customs declaration pre-filing mutual recognition of compliance certificates and expedited clearance procedures
Uzbekistan: Tax Committee Announces Customs Cooperation Enhancements for Compatriots Read More »
