Mondaq Asia Pacific: Tax
Watkins Tapsell
Recent changes focus on cracking down on foreign investors and attempting to reduce the rising threat of identity fraud.
Clayton Utz
The new non-resident withholding tax now applies to every property contract entered into, subject to three exemptions.
Clayton Utz
Australian property vendors should apply for a clearance certificate once a sale of relevant property is contemplated.
Several significant changes to China's tax policies took place in the first half of 2016. These changes are no surprise given the Chinese government's directions on how the economy should be carried forward.
TMF Group
The long-awaited authoritative clarification on VAT treatment of reinsurance in China has been announced.
Mayer Brown JSM
The Asian countries are in the process of revising their information exchange laws to embrace the country-by-country report exchanges proposed by the OECD in the context of combating international tax avoidance.
RSM Tax Advisory
With effect from 1 April 2016, the categories of foreign workers which can be exempt from work permit has been expanded.
RSM Tax Advisory
In line with the recommendations contained in the OECD BEPS report on Action 13, South Korea has adopted new documentation requirements of master file and local file for income years beginning on or after 1 January 2016.
RSM Tax Advisory
On 8 April 2016, the Manpower Minister of Singapore announced in the Parliament that new criterion will be introduced in approving work pass applications aiming at strengthening the competitiveness of the Singapore workforce.
RSM Tax Advisory
With the passage of the 2016 tax reform bills on 29 March 2016, the effective corporate tax rates for a company which is liable to size-based business taxes will be reduced.
RSM Tax Advisory
The Union Budget 2016 introduced a special 'royalty tax' which the tax rate on income earned from patents is 10% (vs. 30% after deducting expenses).
RSM Tax Advisory
In June 2016, a Tax Bill has been passed to attract multinational and mainland enterprises to establish Corporate Treasury Centres ("CTCs") in Hong Kong.
RSM Tax Advisory
•With all remaining sectors (real estate and construction, financial service, hospitality, food & beverage, healthcare, education, cultural & entertainment services, etc.) transitioning from Business Tax ("BT") to Value Added Tax ("VAT") nationwide with effect from 1 May 2016, VAT has now completely replaced BT in China.
RSM Tax Advisory
Australia in its 2016/17 Budget announced that the company tax rate for all companies will decrease from 30% to 25% over the next 10 years beginning with the year 2016-17.
Seth Dua & Associates
In this case, the owner of intangible assets under consideration was located in Australia. Accordingly, the said intangible assets were held to be located in Australia, i.e., outside India.
The implementation of GST will significantly improve the competitiveness and performance of India's manufacturing sector.
Khaitan & Co
The Draft Rules provided that the FMV of share of an Indian listed company is to be the observable price of the share on the recognized stock exchange.
Vispi T. Patel Chartered Accountants
Kolkata Tribunal Special Bench Ruling – Whether an arm's length price adjustment was required to be made in respect of interest free loan granted by the assessee, a non-resident company, to its wholly owned subsidiary in India?
Vaish Associates Advocates
Hot!, is the word that can describe the current relationship of the Government of India, Income Tax Authorities, and those who have made disclosure of Foreign Bank accounts under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Vaish Associates Advocates
In view of the numerous complaints filed by the income Tax Department for criminal prosecutions under the Income Tax Act, it becomes important to analyze the remedies available with the accused in these cases...
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HHG Legal Group
Make sure you are aware of your tax planning opportunities and responsibilities before the end of the financial year.
A Real Estate Investment Trust ("REIT") is a trust that uses pooled capital of investors to purchase and manage income property ("Equity REIT") and/or mortgage loans ("Mortgage REIT").
Singh & Associates
Indian Income Tax Act, 1961, mandates that a specified percentage of Tax is required to be deducted by the payer at the time of making certain payments to the payee.
Plagued, as it is, by indirect tax disputes and ambiguities, the implementation of GST is expected to usher in a uniform tax regime and bring some clarity to indirect taxation in the e-commerce sector.
Cooper Grace Ward
This extension will help SMSF trustees, but all LRBAs should be reviewed as soon as possible to ensure ATO compliance.
Singh & Associates
The Central Board of Excise and Customs, the Government of India, vide circular No. 186/5/2015-ST dated 05.10.2015, clarified the doubts raised by the All India Motor Transport Congress...
Withers LLP
The long-awaited Indonesia's tax amnesty bill was finally passed by the parliament on Tuesday, 28 June 2016.
Khaitan & Co
The question before the Court was whether consideration paid by flat buyers to a builder/promoter/developer for acquiring a flat being constructed in a complex could attract service tax...
Khaitan & Co
The Service Tax laws enacted under Chapter V of the Finance Act, 1994 have been amended vide Union Budget 2016-17.
HHG Legal Group
A new act introduces a foreign resident capital gains tax withholding regime to sale contracts for Australian property.
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