Asia Pacific & MENASA International Tax Newsletter

This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Asia Pacific & MENASA Regions between Regions 1 January 2020 and 31 January 2020.

For a full summary of global tax developments, visit home.kpmg/TaxNewsFlash.

To contact the International Tax Team email internationaltax@kpmg.com.

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	Tax area concerned	Relevant date	Description of measures and publication link
Australia
Tax legislation approved and regulatory update	Tax residency	January 2020	The Australian Taxation Office announced an extension of the period for applying a transitional compliance approach to the standard for determining where a company’s central management and control is located. Read more

	Tax area concerned	Relevant date	Description of measures and publication link
Cambodia
Tax legislation approved and regulatory update	Dividend  WHT	January 2020	A financial management law includes tax amendments addressing the application of the tax rate, as well as advance taxation and withholding tax on certain dividend distributions. Read more

	Tax area concerned	Relevant date	Description of measures and publication link
China
Tax legislation approved and regulatory update	Individual taxation	December 2019	The Ministry of Finance and the State Taxation Administration issued guidance that generally confirmed the policy under the individual income tax rules for charitable donations. Read more
Tax legislation approved and regulatory update	Tax compliance	January 2020	The State Taxation Administration published guidance Announcement No. 44 to clarify details of the 2019 annual comprehensive income tax reconciliation (or “annual reconciliation”). Read more
Treaties	Tax exemptions for individuals	January 2020	The income tax arrangement between China and Hong Kong incorporates provisions for teachers and researchers. Read more

	Tax area concerned	Relevant date	Description of measures and publication link
India
Tax legislation approved and regulatory update	GST	1 January 2020	The Central Board of Indirect Taxes and Customs issued a notification reflecting amendments to the goods and services tax rules pursuant to the Central Goods and Services Tax Act, 2017. Read more
Administrative and case law	Various tax areas	January 2020	KPMG in India prepared a summary of recent tax developments, including: -Tax withheld at source on year-end provisions -Appeal can be filed directly to CIT(A) -Supply of medical instruments and reagents Read more
Administrative and case law	Various tax areas	January 2020	KPMG in India prepared a summary of recent tax developments, including: -Budget scheduled for 1 February 2020 -Requirement to accept electronic payments -Social welfare surcharge must be paid, not debited -Taxpayer failure to deposit tax withheld at source Read more