APAC
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KPMG Announces Major Global Restructuring
The overhaul will reduce the number of the firm’s “economic…
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Pillar One Amount B: Key Update on Marketing and Distribution Activities
Jurisdictions can adopt OECD’s Latest Guidelines on the Amount B…
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India Unveils Union Budget 2025 with Tax Reforms reinforcing ambition to become a global investment and financial hub
New Income Tax Bill on the horizon, push for certainty…
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U.S. Announces New Tariffs on Canada, Mexico, and China
President Trump issued Executive Orders imposing new tariffs on imports…
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China’s 2025 Business Climate Survey Highlights Shifting Sentiments Among US Companies in China
As US and Chinese companies prepare for the potential impact…
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Overview of China’s Value-Added Tax (VAT) Law
VAT Law is Available to Download in English Here!
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China’s New VAT Law is Set to Take Effect January 1, 2026
Adopted end of December 2024, it aims aligning China´s VAT…
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US Tightens Controls to Restrict China’s Access to Advanced Semiconductor Technology
Strategic export controls to “address national security threats”
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China´s New Export Control Regulations
Overview of the New Regulations on Export Control of Dual-Use…
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Australian Parliamentary Committee´s Report Recommends Limiting partnerships to 400 partners, PwC Australia to be barred from tendering for government contracts
Report on Ethics and Accountability in the Audit and Consultancy…
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Australia: Insights on Tax Settlements and Compliance in 2023–24 for Public and Multinational Businesses
Litigation resulted in favorable outcome for ATO in 53% of…
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China’s $1.4 Trillion Debt Plan and Trump’s Return
China’s Economic Stimulus Amid Rising Global Tensions
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Australia: Changes to Country-by-Country Local File Reporting
Effective from 1 January 2025, most significant change to CbC …
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Australia´s Administrative Review Tribunal Begins Operations
New Pathway for Taxation Disputes
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OECD Examines Tax Arbitrage in Closely Held Businesses
OECD Taxation Working Papers No 70 Released
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China Imposes Tariffs on European Brandy
A levy of up to 39% in Response to EU´s…
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EU Approves Tariffs on Chinese Electric Vehicles Following Anti-Subsidy Probe
Additional tariffs on Chinese-made EVs up to 35.3% for five…
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OECD: Multilateral Convention to Facilitate the Implementation of the Pillar Two Subject to Tax Rule is Signed by 9 countries
New Treaty Strengthens Pillar Two Global Minimum Tax with Subject…
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Latest OECD publications on the outcomes of the implementation of BEPS Action 13 and Action 14
Latest BEPS Developments
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PwC China Audit Unit Faces Temporary Ban and Fines Over Evergrande Collapse
The toughest ever penalty received by a Big Four accounting…
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Australian Taxation Office Releases Annual Corporate Plan
Focus on new high-risk tax areas for multinationals, Improvement of…
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UN Tax Framework Convention: the final text of the Terms of Reference (TOR) adopted with notable votes against or abstention
A path to a universally accepted and effective international tax…
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OECD Publishes Transfer Pricing Framework for Lithium
Essential for ensuring that developing countries can tax lithium exports…
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United Nations Framework Convention on International Tax Cooperation, The Second Session is in progress
US Feedback on the Zero Draft Terms of Reference for…
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Transparency and Reporting tops as currently having the most impact on Tax Leaders Worldwide
Deloitte published 2024 Global Tax Policy Survey interviewing +1000 professionals…
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United Nations Committee of Experts on International Cooperation in Tax Matters: Transfer Pricing Compliance Assurance Toolkit; Transfer Pricing during the COVID-19 economic downturn
Shaping Global Tax Norms and Addressing Transfer Pricing Challenges
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Malaysia: 6 Months Grace Period for E-Invoicing
Flexibility in Submitting Consolidated E-Invoices During Initial E-Invoice Implementation Phase
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G20 Rio de Janeiro Ministerial Declaration on International Tax Cooperation
Historic declaration on international tax cooperation
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OECD Participates in G20 Finance Ministers and Central Bank Governors Meeting in Rio de Janeiro
Key reports on international tax cooperation, digital economy challenges, and…
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India: Lower Rates for Foreign Companies, IFSC Concessions, and New Penalties
Union Budget 2024-25 on International Tax
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PwC Faces Major Overhaul in China Amid Evergrande Fallout
Leaving Clients, Staff reductions, Pay cuts, Fines
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India’s Digital Shift: Withdrawal of the E-commerce Levy
Union Budget 2024- 2025
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India: Union Budget 2024-2025
FM presents 2024-25 Budget: GST expansion, customs review, Income Tax…
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Revised Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation
Priorities include Taxation of the digitalized and globalized economy; income…
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Australia´s New Code to Enhance Professional Standards for Tax Practitioners
Aims to Restore Public Trust in Tax Profession
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Australia: PepsiCo’s Royalty Withholding and Diverted Profits Tax Decision Overturned
Full Federal Court Reverses Federal Court Decision on Embedded Royalty.
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European Union: European Commission Targets China’s Electric Vehicle Sector
Investigation Reveals Unfair Subsidies in China. Provisional Duties to be…
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OECD/G20 Inclusive Framework on BEPS Releases Updates on:
Pillar One and Pillar Two Tax Measures, CbCR Safe Harbour…
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Australia: Public Country-by-Country Reporting Legislation Introduced to the Parliament
If approved, public CbC reporting will be effective for reporting…
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US Efforts to Preserve Global Corporate Tax Deal Face Challenges
Pillar 1 encounters roadblocks
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Inclusive Framework on BEPS Targets Multilateral Convention Signature by End of June
Advancing towards a final agreement on Pillar One, the anticipated…
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OECD Releases Report on Designing a National Strategy Against Tax Crime
Supporting the Implementation of Principle 2 of the OECD Recommendation…
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European Union – New Zealand Free Trade Agreement Came into Effect on May 1, 2024
Most goods will have tariffs removed upon the FTA’s commencement
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OECD Publishes Taxing Wages 2024 Report
Annual publication provides details of taxes paid on wages in…
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OECD publishes 334 pages Consolidated Commentary to the Global Anti-Base Erosion Model Rules (2023)
Tax Challenges Arising from the Digitalisation of the Economy.
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EY releases the 2024 edition to its famous Free Indirect Tax Guide!
Annual update. Worldwide VAT, GST and Sales Tax Guide 2024
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Australia Big 4: Tough times at PWC Australia Following Tax Scandal
Job Cuts, Penalties
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OECD/G20 Inclusive Framework on BEPS released the report on Amount B of Pillar One
A simplified approach to applying the arm’s length principle to…
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G20 Considers Global Minimum Tax on Billionaires
Brazil and France at the forefront in bringing forward the…
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Philippines´ Issue Guidelines in the filing of Annual Income Tax Return (AITR) for Calendar Year (CY) 2023
Details on Return filing and payments
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Singapore and New Zealand Prime Ministers Announce eInvoicing Memorandum of Agreement
Further steps in promoting eInvoicing adoption in the Asia-Pacific (APAC)…
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Enhancing Tax Transparency: Australia’s New Requirements for Disclosure of Subsidiaries in Financial Reports
Aiming at greater transparency and accountability in corporate tax matters
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UAE authorities release Qualifying Group Relief Corporate Tax Guide
The purpose of Guide CTGQGR1 is to offer comprehensive guidance…
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India’s Advance Pricing Agreement (APA) Programme: The Comprehensive Procedural Framework
A structured and proactive approach to transfer pricing certainty
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Implementation of e-Invoice in Malaysia: Frequently Asked Questions (FAQs)
Failure to issue e-Invoice may result in penalties or imprisonment…
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Singapore E-invoicing: Phased adoption starting November 2025, Peppol standard
Implementation of InvoiceNow for GST-Registered Businesses and Free InvoiceNow Services…
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Indian Court’s Ruling on Profit Attribution for Singapore Company’s Indian Operations
No further profit attribution if an associated enterprise is remunerated…
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Indian Tribunal’s Decision on Physical Presence Requirement for Service PE
Physical presence of employees in India is indeed a prerequisite…
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Impact of India’s Goods and Services Tax (GST) on Intragroup Guarantees
The imposition of GST on intragroup guarantees represents a significant…
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Australia: Changes to Thin Capitalization Rules Finally Pass Both Houses of Parliament
Making Multinationals Pay Their Fair Share—Integrity and Transparency Bill 2023…