International Tax Asia Pacific June 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 June and 30 June 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.
Back to top
Australia
Australia | |||
Tax legislation approved and regulatory update | Income Tax | 26 June 2026 | Legislation amending capital gains tax (CGT) and introduce new tax reform measures passes Parliament, with amendments. Read more |
Proposed legislation | Various tax topics | 25 June 2026 | Tax measures in budget 2026-2027 (Queensland). Read more |
Tax legislation approved and regulatory update | Income Tax | 25 June 2026 | Guide on taxation of permanent establishments (PEs). Read more |
Proposed legislation | Income Tax | 25 June 2026 | Proposed legislation to implement loss carry back and make permanent small business instant asset write-off. Read more |
Proposed legislation | Various tax topics | 23 June 2026 | Senate committee report on legislation amending capital gains tax (CGT, proposed one-month extension of reduced fuel excise. Read more |
Proposed legislation | Indirect tax | 23 June 2026 | Foreign surcharge duty relief for build-to-rent (BTR) and retirement villages New South Wales (NSW). Read more |
Tax legislation approved and regulatory update | Income tax | 18 June 2026 | Legislation expanding build-to-rent land tax exemption passes state Parliament (Western Australia). Read more |
Proposed legislation | Various tax topics | 18 June 2026 | Update on proposed legislation to amend capital gains tax (CGT) and introduce new tax reform measures. Read more |
Treaties | Income Tax | 16 June 2026 | Memorandum of Understanding on Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting arbitration process (MLI) for taxes on income covered by income tax treaty with the Netherlands. Read more |
Proposed legislation | Various tax topics | 12 June 2026 | 2026 budget includes elimination of stamp duty for first home buyers, eligible pensioners (Australian Capital Territory). Read more |
Tax legislation approved and regulatory update | Income tax | 12 June 2026 | Guidance on evidencing income tax treaty residency in arrangements involving fiscally transparent entities (FTEs). Read more |
Administrative and case law | Income tax | 11 June 2026 | High Court dismisses Australian Taxation Office (ATO)'s appeal of recent Full Federal Court Division 7A decision. Read more |
Administrative and case law | Income tax | 11 June 2026 | Transfer of shares within corporate group not entitled to corporate reconstruction stamp duty relief (Queensland Court of Appeal decision). Read more |
Proposed legislation | Income tax | 03 June 2026 | Bill excluding tobacco, gambling from research and development (R&D) tax incentive passes lower house of Parliament. Read more |
Bahrain
Bahrain | |||
Treaties | Income Tax | 30 June 2026 | Tax treaty with Saudi Arabia ratified and published in official gazette. Read more |
Hong Kong (SAR), China
Hong Kong (SAR), China | |||
Proposed legislation | Income tax | 16 June 2026 | Draft legislation to enhance tax incentives under Unified Fund Exemption (UFE) and carried interest regimes. Read more |
Proposed legislation | Income tax | 16 June 2026 | Draft legislation to enhance tax concessions for maritime service industry, introduce new tax concession for physical commodity trading. Read more |
Proposed legislation | Income tax | 12 June 2026 | Draft legislation to enhance family office tax regime. Read more |
Proposed legislation | Tax Compliance | 11 June 2026 | Draft legislation to implement cryptoasset reporting framework (CARF) and amend Common Reporting Standard (CRS). Read more |
India
| India | |||
Administrative and case law | Various tax topics | 30 June 2026 | Payments received by US company for web hosting services not royalties subject to withholding tax under US treaty (tribunal decision), other direct and indirect tax developments. Read more |
Administrative and case law | Income Tax | 25 June 2026 | Taxability determined separately for each partner, based on applicable treaty (tribunal decision). Read more |
Administrative and case law | Income tax | 16 June 2026 | Tax benefit on restructuring allowed if backed by commercial expediency (tribunal decision). Read more |
Administrative and case law | Indirect tax | 11 June 2026 | Global procurement services from foreign group entity were not intermediary services for GST purposes (tribunal decision). Read more |
Administrative and case law | Income tax | 09 June 2026 | Reimbursements to US company for online advertising expenses not subject to equalization levy equalization levy (EL) (High Court decision). Read more |
Tax legislation approved and regulatory update | Income Tax | 05 June 2026 | Certain taxpayers granted tax exemption for income from government securities. Read more |
Administrative and case law | Income tax | 04 June 2026 | Workforce acquired as part of business acquisition constitutes depreciable intangible asset (tribunal decision). Read more |
Indonesia
Indonesia | |||
Tax legislation approved and regulatory update | Indirect tax | 18 June 2026 | Temporary Value Added Tax (VAT) relief for domestic economy class air travel. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 04 June 2026 | Administrative guidelines under Pillar Two rules. Read more |
Japan
Japan | |||
Treaties | Income Tax | 29 June 2026 | New income tax treaty with Philippines signed. Read more |
Kazakhstan
Kazakhstan | |||
Tax legislation approved and regulatory update | Indirect tax | 11 June 2026 | List of goods eligible for VAT exemption when imported by Astana Hub participants. Read more |
Tax legislation approved and regulatory update | Tax compliance | 03 June 2026 | New rules for exchange of tax and customs information between government authorities. Read more |
Malaysia
Malaysia | |||
Tax legislation approved and regulatory update | Indirect tax | 29 June 2026 | Service tax and sales tax policy updates. Read more |
Tax legislation approved and regulatory update | Tax Compliance | 26 June 2026 | Extension of special voluntary disclosure programme for stamp duty. Read more |
Tax legislation approved and regulatory update | Indirect tax | 22 June 2026 | Service tax policy on constructions works. Read more |
KPMG publications | Various tax topics | 12 June 2026 | Income tax treaty with Russia enters into force, other tax developments (June 2026). Read more |
Treaties | Income Tax | 03 June 2026 | Income tax treaty with Maldives enters info force. Read more |
New Zealand
New Zealand | |||
Treaties | Income Tax | 29 June 2026 | New income tax treaty with UK signed. Read more |
Pakistan
Pakistan | |||
Proposed legislation | Various tax topics | 15 June 2026 | Direct and indirect tax measures in Finance Bill, 2026. Read more |
Tax legislation approved and regulatory update | Various tax topics | 09 June 2026 | Tax developments include Pakistan International Airlines Corporation Limited default surcharge exemption, revised property valuation tables, and reduced ride-hailing sales tax. Read more |
Phillipines
Philippines | |||
Tax legislation approved and regulatory update | Tax Compliance | 10 June 2026 | Guidance clarifying VAT on digital services. Read more |
Singapore
Singapore | |||
Tax legislation approved and regulatory update | Various tax topics | 30 June 2026 | Updated guidance on changing goods and services tax accounting periods, refundable investment credit scheme, income tax treaty with Bhutan signed. Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 18 June 2026 | Updated guidance on registration for multinational enterprise top-up tax and domestic top-up tax. Read more |
Administrative and case law | Income Tax | 18 June 2026 | Ruling on income tax issues relating to amalgamation of companies. Read more |
Tax legislation approved and regulatory update | Income Tax | 18 June 2026 | Tax framework for variable capital companies (VCCs). Read more |
Tax legislation approved and regulatory update | Transfer Pricing | 15 June 2026 | New frequently asked questions (FAQs) on transfer pricing treatment of stock-based compensation costs. Read more |
Sri Lanka
Sri Lanka | |||
Tax legislation approved and regulatory update | Tax compliance | 24 June 2026 | Guidelines for withholding agents on withholding tax and advance income tax. Read more |
Tax legislation approved and regulatory update | Various tax topics | 08 June 2026 | Tax amendments, including capital gains tax changes, enacted. Read more |
Taiwan
Taiwan | |||
Tax legislation approved and regulatory update | Tax Compliance | 24 June 2026 | Guidance on reporting controlled foreign corporation (CFC) losses. Read more |
Turkiye
Turkiye | |||
Tax legislation approved and regulatory update | Various tax topics | 15 June 2026 | New 20-Year Foreign Income Exemption and “Asset Peace” Regime. Read more |
Tax legislation approved and regulatory update | Indirect tax | 15 June 2026 | Adjusted tax rate on specified financial transactions. Read more |
Proposed legislation | Various tax topics | 15 June 2026 | Tax reform law submitted to Parliament, revised tax rates, bases for specified transactions, income tax treaty with Tanzania signed. Read more |
Tax legislation approved and regulatory update | Various tax topics | 03 June 2026 | Law introducing tax reforms approved by Parliament. Read more |
Treaties | Income Tax | 03 June 2026 | Income tax treaty with Zambia signed. Read more |
Administrative and case law | Tax Compliance | 03 June 2026 | Constitutional Court annuls part of electronic tax notification provision. Read more |
United Arab Emirates
United Arab Emirates | |||
Tax legislation approved and regulatory update | Tax Compliance | 26 June 2026 | Updated FATCA and Common Reporting Standard (CRS) system Frequently Asked Questions (FAQs). Read more |
Vietnam
Vietnam | |||
Tax legislation approved and regulatory update | Income Tax | 24 June 2026 | Law on e-commerce 2025 effective July 1, 2026. Read more |
KPMG publications | Various tax topics | 11 June 2026 | Summary of recent direct and indirect tax developments, including clarification on eligible payroll costs for substance-based income exclusion calculation under qualified domestic minimum top-up tax. Read more |
