International Tax Asia Pacific August 2026
This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Asia Pacific Regions between 1 August and 31 August 2026.
For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
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Australia
Australia | |||
Tax legislation approved and regulatory update | Various tax topics | 28 August 2026 | Bills implementing corporate loss carryback and other tax reforms, tariff changes receive Royal Assent. Read more |
Proposed legislation | Income tax | 21 August 2026 | Bill amending foreign resident capital gains tax (CGT), merger control regimes passes lower house of Parliament with amendment. Read more |
Proposed legislation | Income tax | 20 August 2026 | Loss carry back tax offset, small business instant asset write-off bill passes Parliament with negative gearing amendment. Read more |
Treaties | Income tax | 11 August 2026 | Memorandum of understanding (MOU) with Canada on treaty arbitration process under Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Read more |
Tax legislation approved and regulatory update | Various tax topics | 04 August 2026 | Guidance on income tax, goods and services tax (GST) treatment of compensation paid to landholders in connection with renewable energy projects. Read more |
Bahrain
Bahrain | |||
Tax legislation approved and regulatory update | Indirect tax | 24 August 2026 | Updated Value Added Tax (VAT) guides and enhanced registration service. Read more |
Tax legislation approved and regulatory update | Indirect tax | 10 August 2026 | Updated Value Added Tax (VAT) guidance for insurance and reinsurance. Read more |
Treaties | Income tax | 03 August 2026 | Income tax treaty with Jersey enters into force. Read more |
Tax legislation approved and regulatory update | Indirect tax | 03 August 2026 | Updated Value Added Tax (VAT) registration, excise registration, and general VAT guides. Read more |
China
China | |||
Tax legislation approved and regulatory update | Income tax | 31 August 2026 | Special corporate income tax treatment rules for mergers and demergers clarified. Read more |
Hong Kong (SAR), China
Hong Kong (SAR), China | |||
Administrative and case law | Income tax | 20 August 2026 | Income from shareholder loans treated as interest rather than return on equity investment (Court of First Instance decision). Read more |
India
India | |||
Administrative and case law | Income tax | 31 August 2026 | Retrospective application of amendment to fees for technical services limited (court decision), other direct and indirect tax developments. Read more |
Administrative and case law | Income tax | 26 August 2026 | US limited partnership may be a company for Indian tax purposes if taxed as separate entity in United States (tribunal decision). Read more |
Administrative and case law | Income tax | 19 August 2026 | Principal-to-principal distribution arrangement did not create permanent establishment (PE) (tribunal decision). Read more |
Administrative and case law | Income tax | 17 August 2026 | Stock buy-back by foreign company not taxable in India (tribunal decision). Read more |
Administrative and case law | Income tax | 14 August 2026 | Mutual agreement procedure (MAP) resolution not binding for years not covered, particularly when permanent establishment (PE) functions had changed (tribunal decision). Read more |
Administrative and case law | Income tax | 13 August 2026 | Income from offshore supplies of equipment and designs not taxable in India without fixed place permanent establishment (PE) or nexus with supervisory PE (tribunal decision). Read more |
Tax legislation approved and regulatory update | Tax compliance | 07 August 2026 | Guidance on implementation of cryptoasset reporting framework. Read more |
Proposed legislation | Various tax topics | 05 August 2026 | Proposed tax amendments in response to global economic conditions and supply-chain disruptions. Read more |
Japan
Japan | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 17 August 2026 | Administrative guidance and questions & answers (Q&As) updated for Pillar Two rules. Read more |
Malaysia
Malaysia | |||
KPMG publications | Various tax topics | 13 August 2026 | Recent tax developments concerning income tax incentives, Special Economic Zone (SEZ) measures, stamp duty, indirect tax, and individual taxation (August 2026). Read more |
Maldives
Maldives | |||
Proposed legislation | Indirect tax | 20 August 2026 | Proposed goods and services tax (GST) reform would extend tax to offshore tour operators and booking platforms. Read more |
New Zealand
New Zealand | |||
Proposed legislation | Various tax topics | 10 August 2026 | Summary of 2026 election tax policies. Read more |
Oman
Oman | |||
Tax legislation approved and regulatory update | Indirect tax | 13 August 2026 | Value Added Tax (VAT) Executive Regulations amended for e-invoicing implementation. Read more |
Pakistan
Pakistan | |||
Tax legislation approved and regulatory update | Income tax | 06 August 2026 | Special income tax procedure for small retailers, other direct and indirect tax developments. Read more |
Philippines
Philippines | |||
Tax legislation approved and regulatory update | Income tax | 04 August 2026 | Guidance on enhanced deductions regime (EDR). Read more |
Qatar
Qatar | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 10 August 2026 | Pillar Two registration service launched. Read more |
Saudi Arabia
Saudi Arabia | |||
Tax legislation approved and regulatory update | Income tax | 11 August 2026 | Final economic substance regulations for special economic zones (SEZs). Read more |
Singapore
Singapore | |||
Tax legislation approved and regulatory update | Tax compliance | 20 August 2026 | First edition of cryptoasset reporting framework (CARF) e-tax guide published. Read more |
Tax legislation approved and regulatory update | Tax compliance | 18 August 2026 | Updated e-tax guide under CRS 2.0. Read more |
Tax legislation approved and regulatory update | Income tax | 11 August 2026 | Guidance on economic substance for head office to qualify as an excluded entity for foreign capital gains purposes. Read more |
Tax legislation approved and regulatory update | Tax compliance | 10 August 2026 | Guidance on common reporting standard (CRS) 2.0 and cryptoasset reporting framework (CARF) implementation. Read more |
Sri Lanka
Sri Lanka | |||
Tax legislation approved and regulatory update | Indirect tax | 18 August 2026 | Postponement of revised Value Added Tax (VAT) invoice format. Read more |
Taiwan
Taiwan | |||
Tax legislation approved and regulatory update | Income tax | 27 August 2026 | Guidance on controlled foreign company (CFC) rules and business tax on cross-border electronic services. Read more |
United Arab Emirates
United Arab Emirates | |||
Tax legislation approved and regulatory update | Indirect tax | 26 August 2026 | New due diligence requirements for input Value Added Tax (VAT) recovery related to tax evasion. Read more |
Tax legislation approved and regulatory update | Indirect tax | 06 August 2026 | Binding Value Added Tax (VAT) directives on tax transactions. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 06 August 2026 | Guidance on registration requirements and notification timelines for domestic minimum top-up tax (DMTT). Read more |
Vietnam
Vietnam | |||
Tax legislation approved and regulatory update | Trade and Customs | 07 August 2026 | Guidance on implementation of the foreign trade management law. Read more |
