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.
Australia
Australia | |||
Tax legislation approved and regulatory update | Various tax topics | 26 June 2025 | Conveyance duty concessions in 2025-2026 budget (Australian Capital Territory). Read more. |
Proposed legislation | Various tax topics | 25 June 2025 | Tax measures in 2025 budget (Queensland). Read more. |
Proposed legislation | Various tax topics | 25 June 2025 | Tax measures in 2025-2026 budget (New South Wales). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 20 June 2025 | Tax measures to promote cost of living relief and housing affordability in 2025-2026 budget (Western Australia). Read more. |
Tax legislation approved and regulatory update | Indirect tax | 20 June 2025 | Legislation expanding first home buyer, “off-the-plan” duty concessions passes state Parliament (Western Australia). Read more. |
Proposed legislation | Indirect tax | 20 June 2025 | Consultation on draft instruments related to goods and services tax and foreign ownership register. Read more. |
Administrative and case law | Transfer pricing | 17 June 2025 | Further guidance on public country-by-country reporting. Read more. |
Administrative and case law | Income tax | 13 June 2025 | Updated guidelines on corporate tax residency. Read more. |
Administrative and case law | BEPS Pillar 2 | 11 June 2025 | Summary of key messages from Pillar Two working group meetings. Read more. |
Proposed legislation | Various tax topics | 06 June 2025 | Consultation on updated tax transparency code, alignment with public country-by-country reporting rules. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 02 June 2025 | Proposals in budget 2025-2026. Read more. |
Bahrain
Bahrain | |||
Tax legislation approved and regulatory update | Indirect tax | 30 June 2025 | Update Value Added Tax (VAT) real estate, retail and wholesale guides. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 23 June 2025 | Updated transfer of going concern valuevalue added tax guide. Read more. |
Bangladesh
Bangladesh | |||
Proposed legislation | Various tax topics | 16 June 2025 | Income tax and Value Added Tax (VAT) proposals in Finance Ordinance 2025. Read more. |
Cambodia
Cambodia | |||
Administrative and case law | Transfer pricing | 05 June 2025 | Guidance on documentation for loans between related parties, taxation of trusts, reduced withholding tax on payments by airlines to nonresidents. Read more. |
Hong Kong (SAR), China
Hong Kong (SAR), China | |||
Administrative and case law | Indirect tax | 20 June 2025 | Stamp duty group relief only available to associated companies with issued share capital. Read more. |
India
India | |||
Administrative and case law | Income tax | 23 June 2025 | Conversion of private company into limited liability partnership (LLP) was taxable transfer (tribunal decision). Read more. |
Administrative and case law | Treaties | 20 June 2025 | Business losses attributable to permanent establishment (PE) may be offset against interest income not attributable to PE under UAE treaty (tribunal decision). Read more. |
Administrative and case law | Treaties | 16 June 2025 | Limitation of relief provision under Singapore treaty not applicable to treaty provision relating to taxation of capital gains (tribunal decision). Read more. |
Administrative and case law | Various tax topics | 12 June 2025 | India: Summaries of recent court decisions. Read more. |
Japan
Japan | |||
Administrative and case law | Income tax | 26 June 2025 | Guidance on “payments economically equivalent to interest” for purposes of earnings stripping rules. Read more. |
Kazakhstan
Kazakhstan | |||
Tax legislation approved and regulatory update | Treaties | 10 June 2025 | Updated list of countries not treated as controlled foreign companies. Read more. |
Malaysia
Malaysia | |||
Tax legislation approved and regulatory update | Indirect tax | 30 June 2025 | Guidance on expanded sales and service tax. Read more. |
KPMG publication | Indirect tax | 12 June 2025 | Tax developments summary (June 2025). Read more. |
KPMG publication | Indirect tax | 09 June 2025 | Amendments to sales and service tax, relief for stamp duty on employment contracts. Read more. |
Oman
Oman | |||
Tax legislation approved and regulatory update | Various tax topics | 24 June 2025 | New law for special economic zones and free zones. Read more. |
Pakistan
Pakistan | |||
Proposed legislation | Various tax topics | 11 June 2025 | Direct and indirect tax measures in Finance Bill, 2025. Read more. |
Philippines
Philippines | |||
Tax legislation approved and regulatory update | Indirect tax | 13 June 2025 | Guidelines for Value Added Tax (VAT) return for nonresident digital service providers. Read more. |
Saudi Arabia
Saudi Arabia | |||
Tax legislation approved and regulatory update | Indirect tax | 30 June 2025 | E-invoicing requirement extended to 23rd group of taxpayers from March 31, 2026. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 23 June 2025 | Guidance on Zakat rules. Read more. |
Singapore
Singapore | |||
Tax legislation approved and regulatory update | Treaties | 30 June 2025 | Expected amended common reporting standard implementation timeline announced. Read more. |
South Korea
South Korea | |||
Administrative and case law | Transfer pricing | 23 June 2025 | Annually updated benchmarking allowed (Tax Tribunal decision). Read more. |
Administrative and case law | Treaties | 16 June 2025 | Royalties for use in Korea of US-registered patents treated as Korean-source under US treaty (Tax Tribunal decision). Read more. |
Vietnam
Vietnam | |||
Tax legislation approved and regulatory update | Income tax | 27 June 2025 | Tax incentives for “International Financial Centres”. Read more. |
Tax legislation approved and regulatory update | Transfer pricing | 24 June 2025 | Approval of bilateral and multilateral advance pricing agreements delegated to Minister of Finance. Read more. |
Tax legislation approved and regulatory update | Income tax | 17 June 2025 | Change in taxation of capital gains of nonresident shareholders in non-public joint stock companies and LLCs. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 02 June 2025 | Guidance on invoices, including electronic invoices, and documents. Read more. |
