International Tax Asia Pacific January 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 January and 31 January 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.
Bahrain
Bahrain | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 26 January 2026 | Domestic minimum top-up tax (DMTT) annual return available. Read more |
Treaties | Income tax | 16 January 2026 | Tax treaty with Oman effective September 16, 2025. Read more |
Proposed legislation | BEPS Pillar 2 | 05 January 2026 | Draft law introducing 10% corporate income tax referred to legislative authorities, updated guide on scope of domestic minimum top-up tax. Read more |
Cambodia
Cambodia | |||
Tax legislation approved and regulatory update | Income tax | 23 January 2026 | Tax incentives for agriculture sector, other tax developments. Read more |
Tax legislation approved and regulatory update | Income tax | 23 January 2026 | New capital gains tax (CGT) guidance. Read more |
Tax legislation approved and regulatory update | Income tax | 06 January 2026 | Implementation of capital gains tax (CGT) further delayed to 2026. Read more |
Treaties | Income tax | 06 January 2026 | Cabinet approves tax treaties with Laos, Philippines, Singapore. Read more |
China
China | |||
Tax legislation approved and regulatory update | Income tax | 29 January 2026 | Deductions for advertising and promotional expenses extended until December 31, 2027. Read more |
Tax legislation approved and regulatory update | Indirect tax | 05 January 2026 | Implementation regulations under updated Value Added Tax (VAT) law. Read more |
India
India | |||
KPMG publications | Various tax topics | 30 January 2026 | Tax-related tribunal and court decisions. Read more |
Administrative and case law | Various tax topics | 28 January 2026 | European Union and India conclude negotiations for free trade agreement (FTA). Read more |
Tax legislation approved and regulatory update | Indirect tax | 20 January 2026 | New regulations governing export and import of goods and services. Read more |
Administrative and case law | Income tax | 16 January 2026 | Costs incurred by Singapore taxpayer and cross-charged to its Indian branch deductible in computing branch’s profits under Singapore treaty (tribunal decision). Read more |
Administrative and case law | Income tax | 15 January 2026 | Transfer of shares held as stock-in-trade pursuant to amalgamation results in taxable business income (Supreme Court decision). Read more |
KPMG publications | Various tax topics | 07 January 2026 | Summary of 2025 tax developments. Read more |
Indonesia
Indonesia | |||
Tax legislation approved and regulatory update | Income tax | 29 January 2026 | Tax treaty application procedures. Read more |
Japan
Japan | |||
Proposed legislation | Various tax topics | 08 January 2026 | Outline of 2026 tax reform proposals, including amendments to Pillar Two rules. Read more |
Kazakhstan
Kazakhstan | |||
Tax legislation approved and regulatory update | Tax compliance | 20 January 2026 | New requirements for confirmation of corrected, additional, and withdrawn electronic invoices (e-invoices) effective January 1, 2026. Read more |
Malaysia
Malaysia | |||
Tax legislation approved and regulatory update | Tax compliance | 30 January 2026 | Guidance on implementation of special voluntary disclosure programme (SVDP) for stamp duty. Read more |
Proposed legislation | Income tax | 30 January 2026 | New incentive framework (NIF). Read more |
Tax legislation approved and regulatory update | Tax compliance | 29 January 2026 | Revised electronic invoicing guidelines. Read more |
Tax legislation approved and regulatory update | Indirect tax | 26 January 2026 | Updated and expanded service tax exemptions for rental and leasing services. Read more |
KPMG publications | Various tax topics | 14 January 2026 | Tax developments summary (January 2026). Read more |
Tax legislation approved and regulatory update | Various tax topics | 06 January 2026 | Tax changes related to stamp duty, sales and service tax, and e-invoicing. Read more |
Tax legislation approved and regulatory update | Various tax topics | 05 January 2026 | Direct and indirect tax measures in Finance Act 2025. Read more |
Mauritius
Mauritius | |||
Administrative and case law | Income tax | 20 January 2026 | General Anti Avoidance Rule (GAAR) applied to deny capital gains exemption for indirect share transfer under Mauritius treaty (Supreme Court decision). Read more |
Tax legislation approved and regulatory update | Indirect tax | 16 January 2026 | Value Added Tax (VAT) obligations of foreign suppliers of digital and electronic services effective January 1, 2026. Read more |
Oman
Oman | |||
Tax legislation approved and regulatory update | Tax compliance | 27 January 2026 | Amendments to automatic exchange of financial account information (AEOI) rules. Read more |
Philippines
Philippines | |||
Tax legislation approved and regulatory update | Tax compliance | 28 January 2026 | Resumption of tax audit and field operations. Read more |
Tax legislation approved and regulatory update | Income tax | 15 January 2026 | Increased Non-Taxable Limits for Employee De Minimis Benefits. Read more |
Quatar
Quatar | |||
Treaties | Income tax | 14 January 2026 | Protocol to income tax treaty with Norway ratified. Read more |
Saudi Arabia
Saudi Arabia | |||
KPMG publications | Indirect tax | 05 January 2026 | Updated VAT on deemed suppliers guidelines, amendments to excise tax on sweetened beverages. Read more |
Singapore
Singapore | |||
Tax legislation approved and regulatory update | Income tax | 06 January 2026 | Guidance on tax classification of foreign entities, taxation of fees paid to nonresidents under tender offer for qualifying debt securities. Read more |
Sri Lanka
Sri Lanka | |||
Tax legislation approved and regulatory update | Various tax topics | 30 January 2026 | Amended tax incentives and exemptions (Colombo Port City). Read more |
Tax legislation approved and regulatory update | Various tax topics | 06 January 2026 | Strategic development projects (SDP) (Amendment) Act, No. 26 of 2025. Read more |
Taiwan
Taiwan | |||
Tax legislation approved and regulatory update | Indirect tax | 29 January 2026 | Commodity tax exemption for electric vehicles extended until 2030. Read more |
Tax legislation approved and regulatory update | Income tax | 29 January 2026 | Accumulated losses recorded prior to 2023 may not be deducted when calculating controlled foreign company (CFC) investment income. Read more |
Tax legislation approved and regulatory update | Income tax | 06 January 2026 | Procedures for claiming tax deductions on scrapped fixed assets. Read more |
Turkey
Turkey | |||
Tax legislation approved and regulatory update | BEPS Pillar 2 | 16 January 2026 | Further extension of Qualified Domestic Minimum Top-up Tax (QDMTT) return filing deadline. Read more |
Tax legislation approved and regulatory update | Various tax topics | 06 January 2026 | Guide on taxation of non-profit entities. Read more |
Administrative and case law | Indirect tax | 06 January 2026 | Disputes relating to classification of hybrid vehicles under special consumption tax law must be resolved through litigation. Read more |
United Arab Emirates
United Arab Emirates | |||
Tax legislation approved and regulatory update | Tax compliance | 15 January 2026 | Real-Time Salary Tracking Added to Wage Protection System (WPS). Read more |
Tax legislation approved and regulatory update | Indirect tax | 05 January 2026 | Changes to excise tax rates for sweetened drinks. Read more |
Vietnam
Vietnam | |||
Tax legislation approved and regulatory update | Tax compliance | 16 January 2026 | Changes in new tax administration law, including to advance pricing agreement procedures. Read more |
Administrative and case law | Indirect tax | 08 January 2026 | Guidance on customs procedures and tax administration for import and export goods. Read more |
Tax legislation approved and regulatory update | Various tax topics | 07 January 2026 | Guidance on new international financial centers (IFCs) regime. Read more |
Vietnam
Vietnam | |||
Tax legislation approved and regulatory update | Income tax | 18 December 2025 | Guidance on new corporate income tax (CIT) law. Read more. |
