The Taiwanese Ministry of Finance promulgated a new interpretative order on December 2023, regulating the income tax of foreign entities' carbon credits trading in Taiwan, that is, selling foreign carbon emission rights on the Taiwan Carbon Solution Exchange

On January 12, 2024, the Financial Market Commission (CMF) issued General Standard No. 502 which provides instructions on the provision of technology-based services regulated by the FinTech Law.

On December 11, 2023, Law 21,634 was published, which modernizes the public procurement regime. Below are some interesting modifications introduced by this law.

In August 2023, Food Standards Australia New Zealand published a recall notice in relation to an oats product. The reason for the recall was due to a failure to declare gluten. However, the product in question bore the statement “no gluten detected” and in the nutrition information panel (NIP) it read “Gluten – NIL DETECTED”.

In 2024, land acquisition in Victoria faces the impact of some notable tax changes which demand closer scrutiny from both vendors and purchasers. Navigating these tax intricacies will undoubtedly shape the success of your acquisitions and sales.