International Tax Asia Pacific November 2025
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 November and 30 November 2025.
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 November 2025 | Amendments to omnibus bill passed by Parliament, received Royal Assent (Victoria). Read more. |
Administrative and case law | BEPS Pillar 2 | 26 November 2025 | Guidance on Pillar Two filing obligations. Read more. |
Tax legislation approved and regulatory update | Treaties | 25 November 2025 | Income tax treaty with Croatia signed. Read more. |
Proposed legislation | Indirect tax | 25 November 2025 | Consultation on operation of 2018 goods and services tax (GST) reforms. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 21 November 2025 | Super funds, collective investment vehicles (CIVs) required to complete reportable tax position (RTP) schedule for 2026. Read more. |
KPMG Publication | BEPS Pillar 2 | 18 November 2025 | KPMG report: Treatment of joint ventures (JVs) under the Pillar Two model rules. Read more. |
Administrative and case law | Tax compliance | 13 November 2025 | Country-by-country (CbC) reporting deadline extended to January 30, 2026. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 12 November 2025 | Updated guidance on extension of temporary relief for missing US Taxpayer Identification Numbers (TINs). Read more. |
Proposed legislation | Tax compliance | 04 November 2025 | Redesigned Voluntary Tax Transparency Code (VTTC). Read more. |
Proposed legislation | Income tax | 03 November 2025 | Legislation extending instant asset write-off for one year, expanding beneficial ownership disclosure obligations referred to Senate Committee. Read more. |
Cambodia
Cambodia | |||
Tax legislation approved and regulatory update | Tax compliance | 10 November 2025 | Mandatory electronic invoicing (e-invoicing) expanded to six additional ministries. Read more. |
China
China | |||
Tax legislation approved and regulatory update | Indirect tax | 10 November 2025 | New Value Added Tax (VAT) refund policy. Read more. |
Hong Kong (SAR), China
Hong Kong (SAR), China | |||
Tax legislation approved and regulatory update | Treaties | 12 November 2025 | Launch of digital certificate of resident status. Read more. |
India
India | |||
Administrative and case law | Transfer pricing | 24 November 2025 | Deduction of payments for intercompany advisory and business support services allowed (High Court decision). Read more. |
Administrative and case law | Transfer pricing | 18 November 2025 | Taxpayer treated as limited-risk distributor (LRD) and use of transactional net margin method (TNMM) upheld (tribunal decision). Read more. |
Indonesia
Indonesia | |||
Tax legislation approved and regulatory update | Income tax | 13 November 2025 | Updated tax rates for cryptoasset transactions. Read more. |
Israel
Israel | |||
Proposed legislation | Various tax topics | 05 November 2025 | Highlights of high-tech tax reform proposals. Read more. |
Administrative and case law | Income tax | 03 November 2025 | Final guidance regarding local research and development (R&D) centers and intellectual property (IP) valuations. Read more. |
Kazakhstan
Kazakhstan | |||
Tax legislation approved and regulatory update | Transfer pricing | 10 November 2025 | Amendments to transfer pricing framework. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 10 November 2025 | New Value Added Tax (VAT) rules for foreign internet companies effective January 1, 2026. Read more. |
Malaysia
Malaysia | |||
KPMG Publication | Various tax topics | 12 November 2025 | Tax developments summary (November 2025). Read more. |
Pakistan
Pakistan | |||
Tax legislation approved and regulatory update | Indirect tax | 13 November 2025 | Withholding tax and filing requirements for digitally ordered goods. Read more. |
Qatar
Qatar | |||
Tax legislation approved and regulatory update | Tax compliance | 03 November 2025 | Change to withholding tax declaration process via tax portal. Read more. |
Saudi Arabia
Saudi Arabia | |||
Proposed legislation | Various tax topics | 10 November 2025 | Second Phase of Saudization for Key Health Professions Launched. Read more. |
Singapore
Singapore | |||
Tax legislation approved and regulatory update | Transfer pricing | 26 November 2025 | Updated transfer pricing guidelines include pilot implementation of Pillar Two Amount B. Read more. |
Tax legislation approved and regulatory update | Tax compliance | 14 November 2025 | Updated frequently asked questions (FAQs), compliance e-tax guide, and e-tax guide under Common Reporting Standard (CRS). Read more. |
Administrative and case law | Tax compliance | 10 November 2025 | Guidance on completing Goods and Services Tax (GST) returns, cancelling GST registrations. Read more. |
Administrative and case law | Income tax | 10 November 2025 | Guidance on foreign-sourced capital gains and interest income. Read more. |
Taiwan
Taiwan | |||
Tax legislation approved and regulatory update | Income tax | 12 November 2025 | Reminders related to claw back of retained earnings tax incentive, controlled foreign company rules. Read more. |
United Arab Emirates
United Arab Emirates | |||
Proposed legislation | Tax compliance | 20 November 2025 | Commitment to implement Common Reporting Standard (CRS 2.0). Read more. |
