Türkiye has proposed a new crypto taxation framework introducing a 10 percent withholding tax on profits from digital asset transactions and a 0.03 percent levy on crypto service providers. The measure reflects growing regulatory oversight as the country emerges as one of the world’s largest cryptocurrency markets.
Kuwait has amended its national military service law through Decree-Law No. 9 of 2026, clarifying eligibility rules, exemptions, and administrative procedures to address implementation gaps. The revised framework applies compulsory service to Kuwaiti males turning 18 starting with those born on January 1, 2012, while exempting earlier cohorts and cancelling non-compliant procedures.
As the Iran military response triggers a de facto closure of the world's most critical oil chokepoint, the Strait of Hormuz, businesses across the world face immediate and cascading consequences.
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Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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