Asia: Tax

Victoria, the Northern Territory, Western Australia and Tasmania have delivered their FY2026-27 budgets which include revenue initiatives relating to land tax and stamp duty.

Australia's 2026-27 Budget delivers the most significant tax reform in 25 years, fundamentally reshaping property investment incentives through negative gearing restrictions and capital gains tax changes while navigating a global oil crisis pushing inflation toward 5%.

The May 2026 edition of Fox & Mandal's Dispute Resolution & ADR Newsletter analyses lifting the corporate veil during insolvency; functional dependence in the delineation of relevant market under competition law; post-award interim relief by an unsuccessful party; GST on damages in arbitral award; and other recent judgments of the Supreme Court of India and various High Courts.

Circular 20/2026/TT-BTC, effective 12 March 2026, is the primary operative instrument and the definitive reference for day-to-day FCT compliance. Law on Corporate Income Tax 2025 (Law No. 67/2025/QH15)...

The Australian Federal Budget for 2026-2027 introduces sweeping reforms to the tax system, including a controversial 30% minimum tax on discretionary trusts, abolition of the 50% CGT discount in favor of cost base ...

Explore key Indian tax rulings on FDI policy amendments for land-border countries, share buyback taxation under section 56(2)(x), tenancy rights in property redevelopment, and transfer pricing safe harbour rules. Discover how recent tribunal decisions impact corporate restructuring, foreign exchange compliance, and depreciation on goodwill from intra-group amalgamations.

The Electricity Act, 2003, vests tariff determination authority exclusively in State Electricity Regulatory Commissions (SERCs), while the Central Government retains policy-making power at the central level which provides benefit to both i.e., state and central power utilities. This includes the authority to design financial incentives aimed at promoting specific generation technologies.

Today, businesses are facing stricter provisions regarding VAT reporting. Audits need to be faster, and remote teams demand better collaboration. Beyond all this, businesses feel the growing pressure to keep their financial records organized throughout the year. Therefore, desktop-based models that have worked for so long are feeling slow and limited.

The petitioner invited an e-tender for the construction of 100 family quarters (Type II, III, and IV), including internal water supply, sanitary installations, and electrical works for the ITBP...

On 5 June 2026, the Government of India promulgated the Income-tax (Amendment) Ordinance, 2026, exempting specified foreign investors from taxation on both interest income and capital gains arising from investments in Government Securities (“G-Secs”), with retrospective effect from 1 April 2026.

It is therefore important to understand the legal framework, the significance of obtaining the NOC, potential consequences of not obtaining it and the practical approaches generally adopted by the parties in M&A transactions.

On 12 May 2026, Treasurer Jim Chalmers handed down the Albanese Government's 2026-27 Federal Budget. Our colleagues in the HSF Kramer Tax Practice Group have already covered the broader tax implications in their article, Federal Budget 2026: Back to the future. But what does this Budget mean for the property market in Australia?