International Tax Asia Pacific October 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 October and 31 October 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 | 29 October 2025 | Guidance on reporting certain pre-existing U.S. taxpayer accounts with missing tax IDs. Read more |
Tax legislation approved and regulatory update | Transfer Pricing | 29 October 2025 | Updated guidance on advance pricing arrangements (APAs). Read more |
Proposed legislation | BEPS Pillar 2 | 28 October 2025 | Consultation on draft legislation amending Pillar Two rules. Read more |
Administrative and case law | Various tax topics | 28 October 2025 | Taxpayer granted stay of domestic tax proceedings pending outcome of mutual agreement procedure (MAP) (Full Federal Court decision). Read more |
Administrative and case law | Various tax topics | 24 October 2025 | Taxpayers liable for payroll taxes for subcontractors (Supreme Court of New South Wales (NSW) decision). Read more |
Tax legislation approved and regulatory update | BEPS Pillar 2 | 23 October 2025 | Guidance on transitional country-by-country (CbC) reporting safe harbor under Pillar Two rules. Read more |
Administrative and case law | Various tax topics | 20 October 2025 | Foreign/absentee surcharge land taxes constitutionally valid (High Court decision). Read more |
Proposed legislation | Various tax topics | 17 October 2025 | Omnibus state tax bill introduced to Parliament (Victoria). Read more |
KPMG publications | Various tax topics | 13 October 2025 | Superannuation tax updates. Read more |
Proposed legislation | Various tax topics | 09 October 2025 | Bills concerning beneficial ownership disclosure, superannuation, regulatory reform, draught beer excise and customs duty. Read more |
Other | Various tax topics | 03 October 2025 | Invitation for expressions of interest for large business stewardship group (LBSG). Read more |
Proposed legislation | Income tax | 01 October 2025 | Government report and issue papers from strategic examination of research and development (R&D) system. Read more |
Tax legislation approved and regulatory update | Indirect tax | 01 October 2025 | Excise tax guidelines for tobacco industry and duty-free shops. Read more |
Tax legislation approved and regulatory update | Income tax | 01 October 2025 | Guidance on thin capitalization rules. Read more |
Bahrain
Bahrain | |||
Tax legislation approved and regulatory update | Indirect tax | 22 October 2025 | Updates to Value Added Tax (VAT) guides in 2025. Read more |
Bhutan
Bhutan | |||
Tax legislation approved and regulatory update | Indirect tax | 07 October 2025 | New goods and services tax (GST) regime to replace existing sales tax framework. Read more |
China
China | |||
Tax legislation approved and regulatory update | Trade & Customs | 14 October 2025 | Tax policies and list of taxable goods for Hainan free trade port (HFTP). Read more |
Global
Global | |||
Tax legislation approved and regulatory update | Transfer Pricing | 30 October 2025 | Global Transfer Pricing Review. Read more |
Hong Kong (SAR), China
Hong Kong (SAR), China | |||
Administrative and case law | BEPS Pillar 2 | 13 October 2025 | Letters to multinational enterprise (MNE) groups potentially in scope of Pillar Two rules. Read more |
India
India | |||
Administrative and case law | Income tax | 31 October 2025 | Capital gains on indirect share transfer not taxable under Singapore treaty (tribunal decision). Read more |
Proposed legislation | Transfer Pricing | 09 October 2025 | Government tax policy group recommends presumptive taxation regime for foreign taxpayers to mitigate disputes regarding permanent establishment (PE) and profit attribution. Read more |
Administrative and case law | Treaties | 06 October 2025 | Application of principal purpose test in multilateral instrument (MLI) requires separate notification under India-Ireland treaty (tribunal decision). Read more |
Japan
Japan | |||
Tax legislation approved and regulatory update | Various tax topics | 14 October 2025 | Frequently asked questions (FAQs) on cryptoasset reporting framework (CARF), revised Common Reporting Standards. Read more |
Kazakhstan
Kazakhstan | |||
Proposed legislation | Indirect tax | 24 October 2025 | Proposed amendments to e-invoicing rules. Read more |
Malaysia
Malaysia | |||
Tax legislation approved and regulatory update | Indirect tax | 21 October 2025 | Amendments to service tax policies. Read more |
Tax legislation approved and regulatory update | Indirect tax | 17 October 2025 | High-value goods tax (HVGT) proposal withdrawn. Read more |
Tax legislation approved and regulatory update | Various tax topics | 14 October 2025 | Direct and indirect tax proposals in 2026 budget. Read more |
Tax legislation approved and regulatory update | Indirect tax | 02 October 2025 | Guidance on sales tax exemption for raw materials, components, packing and packaging materials, manufacturing aids, and cleanroom equipment. Read more |
Pakistan
Pakistan | |||
Tax legislation approved and regulatory update | Indirect tax | 17 October 2025 | Digital presence proceeds tax withdrawn. Read more |
Philippines
Philippines | |||
Tax legislation approved and regulatory update | Indirect tax | 20 October 2025 | E-invoicing compliance deadline extended to December 31, 2026. Read more |
Saudi Arabia
Saudi Arabia | |||
Tax legislation approved and regulatory update | Indirect tax | 01 October 2025 | Mandatory electronic invoicing (e-invoicing) for taxpayers with revenue above SAR 375,000. Read more |
Sri Lanka
Sri Lanka | |||
Tax legislation approved and regulatory update | Indirect tax | 24 October 2025 | Amended bonded warehouse facility regulations. Read more |
Proposed legislation | Indirect tax | 08 October 2025 | Postponement of implementation of Value Added Tax (VAT) on services supplied through electronic platforms by nonresident providers. Read more |
Tax legislation approved and regulatory update | Indirect tax | 06 October 2025 | Guidance on risk-based refund scheme under Value Added Tax (VAT) law. Read more |
Tax legislation approved and regulatory update | Indirect tax | 01 October 2025 | Notices in relation to simplified Value Added Tax (VAT) scheme published. Read more |
Taiwan
Taiwan | |||
Tax legislation approved and regulatory update | Income tax | 14 October 2025 | Non-recognition of losses for failure to submit proper financial statements for controlled foreign companies (CFCs). Read more |
Administrative and case law | Income tax | 09 October 2025 | Guidance on capitalization of expenses, foreign tax credits, controlled foreign company rules. Read more |
United Arab Emirates
United Arab Emirates | |||
Tax legislation approved and regulatory update | Income tax | 23 October 2025 | Guidance on valuation method under transitional rules for disposal of qualifying immovable property by real estate developers. Read more |
Tax legislation approved and regulatory update | Income tax | 15 October 2025 | Free zone taxpayers allowed to operate on mainland (Dubai). Read more |
Tax legislation approved and regulatory update | Indirect tax | 03 October 2025 | Updated guide on Value Added Tax (VAT) input tax apportionment. Read more |
Tax legislation approved and regulatory update | Indirect tax | 01 October 2025 | Framework, scope, and implementation of electronic invoicing (e-invoicing) system. Read more |
