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 | |||
Administrative and case law | Income tax | 22 August 2025 | Taxpayer not liable for withholding tax on embedded royalties or subject to diverted profits tax (DPT) (High Court decision). Read more. |
Tax legislation approved and regulatory update | Income tax | 21 August 2025 | Final guidance on application of anti-avoidance rules to restructuring transaction in response to thin capitalization rules. Read more. |
Proposed legislation | Various tax topics | 08 August 2025 | Productivity Commission recommends phasing out electric vehicle tax exemptions. Read more. |
Proposed legislation | Transfer pricing | 08 August 2025 | Consultation on draft guideline on review of cross-border software arrangements. Read more. |
Administrative and case law | Income tax | 05 August 2025 | Payments to drivers by ridesharing company are wages subject to payroll tax (New South Wales (NSW) Court of Appeal decision). Read more. |
Proposed legislation | Income tax | 01 August 2025 | Productivity Commission proposes lowering corporate tax rate, introducing net cashflow tax. Read more. |
Administrative and case law | Indirect tax | 01 August 2025 | Guidance on arrangements used in fraudulent Goods and Services Tax (GST) refund claims. Read more. |
Bangladesh
Bangladesh | |||
KPMG publication | Various tax topics | 28 August 2025 | Summary of tax laws as amended by Finance Ordinance 2025. Read more. |
Cambodia
Cambodia | |||
Tax legislation approved and regulatory update | Indirect tax | 28 August 2025 | Implementation of 0% customs duty on eligible U.S.-origin goods. Read more. |
Administrative and case law | Income tax | 04 August 2025 | Tax implications for share premium, board of directors subject to tax on salary. Read more. |
Tax legislation approved and regulatory update | Income tax | 01 August 2025 | Guidance on application of capital gains tax. Read more. |
China
China | |||
Tax legislation approved and regulatory update | Indirect tax | 25 August 2025 | New reporting rules for digital platform operators. Read more. |
Tax legislation approved and regulatory update | Indirect tax | 15 August 2025 | Reinstatement of Value Added Tax (VAT) on government and financial bonds. Read more. |
India
India | |||
Administrative and case law | Treaties | 26 August 2025 | Principal purpose test under Multilateral Instrument (MLI) cannot be applied without specific notification in India-Ireland treaty (tribunal decision). Read more. |
Tax legislation approved and regulatory update | Income tax | 25 August 2025 | Exemption from withholding tax on specific payments to Financial Centre units. Read more. |
Administrative and case law | Treaties | 22 August 2025 | Interest on “external commercial borrowing (ECB)” exempt under Mauritius treaty (High Court decision). Read more. |
Administrative and case law | Income tax | 18 August 2025 | Split verdict on issue relating to time limit for completion of assessment proceedings (Supreme Court decision). Read more. |
Proposed legislation | Income tax | 12 August 2025 | Proposed tax benefits approved by Lower House of Parliament. Read more. |
Administrative and case law | Income tax | 01 August 2025 | Requirement for alternative investment funds to list investor names in trust deed is unlawful (High Court decision). Read more. |
Kazakhstan
Kazakhstan | |||
Proposed legislation | Indirect tax | 22 August 2025 | Public consultation on proposed framework for “conditional Value Added Tax (VAT) registration”. Read more. |
Malaysia
Malaysia | |||
KPMG publication | Various tax topics | 13 August 2025 | Tax developments summary (August 2025). Read more. |
New Zealand
New Zealand | |||
Proposed legislation | Income tax | 27 August 2025 | August tax bill includes changes to tax residence rules for “nonresident visitors”. Read more. |
Pakistan
Pakistan | |||
Tax legislation approved and regulatory update | Indirect tax | 15 August 2025 | Compliance deadlines for e-invoicing. Read more. |
Philippines
Philippines | |||
Tax legislation approved and regulatory update | Indirect tax | 26 August 2025 | Value Added Tax (VAT) exemption for medicines. Read more. |
Tax legislation approved and regulatory update | Income tax | 08 August 2025 | Legislation on Capital Markets Brings Tax Changes for Individuals. Read more. |
Singapore
Singapore | |||
Administrative and case law | Income tax | 25 August 2025 | Tax treatment of consideration received for transfer of certain intellectual property. Read more. |
Tax legislation approved and regulatory update | Various tax topics | 21 August 2025 | Implementation of Common Reporting Standard (CRS) XML schema v3.0. Read more. |
South Korea
South Korea | |||
Proposed legislation | Various tax topics | 11 August 2025 | 2025 tax reform proposal, including introduction of domestic minimum top-up tax. Read more. |
Vietnam
Vietnam | |||
Proposed legislation | Income tax | 21 August 2025 | Proposed Amendments to the Personal Income Tax Framework. Read more. |
