Asia

The power balance has shifted. Following yesterday’s GST Council Reshuffle 2026, new state voices are set to redefine India’s tax slabs and enforce stricter ‘Zero-Mismatch’ policies.

Japan’s tax shield is live. The Japan QDMTT 2026 ensures a 15% minimum tax for large MNEs, preventing foreign treasuries from taxing Japanese-source profits.

China’s Export VAT 2026 ends the era of cheap solar. By removing rebates for PV and batteries, Beijing shifts focus to value, impacting global project costs by 5%.

India’s 12% GST slab is gone. The new India GST Slab 2026 focuses on a 5%/18% split and real-time invoice matching via IMS to eliminate tax mismatches.

Registration is over; enforcement is here. The BIR is now auditing streamers and digital giants under the Philippines Digital Service VAT 2026 framework.

The Global South gets its clawback. The OECD STTR Update 2026 is now live, enabling nations to tax intra-group payments that fall below a 9% nominal rate.

The digital gates are open. Vietnam GMT 2026 is now live, requiring thousands of multinational entities to report their ETR and pay top-up taxes under Decree 236.

Working capital relief is here. The India Solar GST 2026 session today focused on reducing the 18% tax on solar controllers to match the 12% rate for finished systems.

Operational history in Seoul. The South Korea Pillar Two Portal 2026 is officially live, providing 2,500+ MNEs with a digital hub to settle 15% global minimum tax liabilities.

The “Great Simplification” has hit a snag. Industry reports today show that GST 2.0 Reforms 2026 are punishing manufacturers with inverted duty structures and frozen liquidity.