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This comprehensive bulletin examines recent tax developments across Asia, including China's VAT reforms, India's controversial Supreme Court ruling on treaty protection, Japan's 2026 tax reform package...

When taxpayers fail to pay taxes on time, should the late payment penalty be capped at the principal amount? This article examines the fundamental conflict between the Tax Collection Administration Law and the Administrative Coercion Law, revealing how a seemingly technical question about penalty limits exposes deeper tensions between departmental legislation and framework legislation, between fiscal interests and rights protection, and between naming conventions and substantive legal characterization.

China's Belt & Road Initiative now includes 147 countries and territories around the world that have signed up to participate in the scheme.