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Asia Pacific

TaxNewsFlash-Asia Pacific — KPMG's reports of tax developments in the Asia Pacific region.

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TaxNewsFlash-Asia Pacific

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Recent Articles

April 2021

12 Apr - Japan: Requests by individual taxpayers for extended tax return, payment due dates (COVID-19)

8 Apr - Hong Kong: Reduced tax rate for insurance sector

8 Apr - UAE: Consolidated export verification report process, expedited VAT refunds

7 Apr - UAE: Dubai Customs extends “grace period” for submitting customs declarations (COVID-19)

7 Apr - UAE: Removal from U.S. list of countries cooperating with international boycott

7 Apr - Hong Kong: Proposed changes regarding deductions for foreign taxes paid

7 Apr - Malaysia: Tourism tax postponed, digital platform service providers

7 Apr - Australia: New measures concerning casual employment; action steps for employers

6 Apr - Australia: No further extension of financial reporting deadlines (COVID-19)

6 Apr - Oman: Guidance concerning administrative tax disputes and VAT zero-rating for medicines

5 Apr - Bahrain: New information about excise tax and foreign-relations tax on updated website

5 Apr - India: Amendments to Finance Bill, 2021

5 Apr - India: Reimbursement of expenditures involving Singapore company; income tax benefits to funds under Netherlands tax treaty 

5 Apr - Malaysia: Tourism tax regulations address digital platforms

5 Apr - Saudi Arabia: Regulations to implement tax benefits in special economic zone

1 Apr - Australia: Guidance on claiming temporary full expensing and loss carryback

1 Apr - Australia: Synthesised text of income tax treaty with Indonesia

1 Apr - Japan: Updated FAQs about tax relief measures (COVID-19)

March 2021

29 Mar - Australia: R&D tax incentive (Full Federal Court)

29 Mar - Japan: Update on 2021 tax reform legislation

29 Mar - Kuwait: “No objection letters” regarding tax compliance of foreign lenders

29 Mar - Pakistan: Income tax measures in “mini budget”

29 Mar - Qatar: Extended deadline for entities not subject to income tax (COVID-19)

29 Mar - Saudi Arabia: Consultation on e-invoicing proposal

29 Mar - Saudi Arabia: Deferral of customs duty for 21-day period after importation

26 Mar - India: Process for determining tax, payments made to non-residents; bank’s intangible asset eligible for amortisation

24 Mar - Qatar: Extended deadline for income tax returns, tax payments for 2020 (COVID-19)

23 Mar - New Zealand: Business tax measures and proposed tax changes to housing policy

22 Mar - Singapore: Tax treatment of termination payments made under separation agreement (High Court)

19 Mar - Singapore: GST changes in budget 2021

18 Mar - Australia: Fringe benefits tax return, instructions for 2021

18 Mar - Bahrain: Economic substance return due 31 March 2021

18 Mar - Fiji: Tax measures in 2020-2021 budget

18 Mar - India: Tax relief regarding residential status of individuals, extended tax deadlines (COVID-19)

18 Mar - Kuwait: Tax rules for foreign companies with income from franchise arrangements, license agreements

18 Mar - Saudi Arabia: Tax incentives for entities in logistics bonded zones

18 Mar - Malaysia: Tax incentives included in economic package to support businesses (COVID-19)

17 Mar - Malaysia: Digital platforms subject to tourism tax, effective July 2021

16 Mar - Australia: Tax treatment of working-from-home benefits; deductibility of JobKeeper repayments

15 Mar - Oman: Tax incentives included in economic stimulus plan (COVID-19)

11 Mar - Australia: Small business loan guarantee scheme extended; new tourism package announced (COVID-19)

11 Mar - India: Next phase for mandatory e-invoice issuance, beginning 1 April 2021

10 Mar - Hong Kong: Guidance on taxation of ship operators

8 Mar - New Zealand: Update on tax proposals regarding feasibility expenditures, purchase price allocation rules

8 Mar - Pakistan: Income and sales tax measures enacted

8 Mar - Saudi Arabia: VAT guidelines for e-commerce

5 Mar - Cambodia: Guidance on back pay in manufacturing sector

4 Mar - China: Preferential individual income tax treatment for bonus payments, equity-based incentives

4 Mar - India: Payment to foreign software manufacturers for resale or use not a royalty (Supreme Court decision)

4 Mar - Japan: Updated FAQs on corporate tax return, payment procedures (COVID-19)

3 Mar - Australia: JobKeeper payment scheme ends 28 March 2021 (COVID-19)

1 Mar - Malaysia: FAQs about tax deduction for landlords offering reduced rent (COVID-19)

1 Mar - Oman: Tax treaty with Sri Lanka, entry into force

February 2021

26 Feb - China: VAT essentials guide for 2021

26 Feb - New Zealand: Proposed changes to tax loss rules, introduction of business continuity test

25 Feb - Hong Kong: Tax measures in budget 2021-2022

24 Feb - China: Individual income tax filing procedures clarified

23 Feb - Cambodia: Rules for establishing, operating rubber processing facilities

23 Feb - Malaysia: Update, taxation of digital services by foreign service providers

22 Feb - Japan: Extended due date for individual income tax returns, payments (COVID-19)

18 Feb - China: Tax incentives for Beijing demonstration zone

17 Feb - Korea: Tax legislative amendments effective for 2021

17 Feb - Philippines: Lower tax rate, dividends paid to non-resident foreign corporations

17 Feb - Qatar: Reminder of 30 April deadline for tax returns filed by companies

17 Feb - Singapore: Tax measures in budget 2021

17 Feb - Thailand: VAT requirements for foreign providers of electronic services

17 Feb - UAE: VAT registration for sole proprietorships

16 Feb - Australia: Objections on hold as tax authority appeals JobKeeper case (COVID-19)

15 Feb - India: Tax treatment of support services, offshore supply of equipment under treaties with UK and France

10 Feb - Kazakhstan: Taxation of controlled foreign companies (CFCs)

8 Feb - Thailand: Changes to rules for writing off bad debts (COVID-19)

8 Feb - Thailand: Extended tax deadlines; reduced rates of taxes and social security contributions (COVID-19)

5 Feb - Cambodia: System for e-filing income tax returns; tax relief (COVID-19)

5 Feb - Japan: Extensions for individuals filing tax returns, paying taxes (COVID-19)

5 Feb - Kazakhstan: Clarification of tax exemption for dividends paid to non-residents

5 Feb - Philippines: Deductions for computing 5% gross income tax (COVID-19)

4 Feb - Australia: ATO guidance, presence of employees not creating permanent establishment (COVID-19)

2 Feb - India: Tax measures in Union Budget 2021-22

2 Feb - Bahrain: Tax treaty with Switzerland, other tax developments

2 Feb - Oman: VAT registration via online portal, open 1 February 2021

January 2021

29 Jan - Pakistan: Tax exemption on imports of plant, machinery, equipment withdrawn

29 Jan - UAE: Suspension of customs declarations expires 31 January 2021 (COVID-19)

27 Jan - UAE: Preparing for VAT annual input tax apportionment

27 Jan - Australia: Hybrid mismatch targeted integrity rule, final guidance

26 Jan - Bahrain: Updates to VAT general guide

26 Jan - India: Intersection of claims for foreign tax credit and tax treaties

26 Jan - Japan: Proposed amendments to electronic tax records preservation system

26 Jan - Qatar: VAT regime expected to be announced in 2021

26 Jan - Thailand: Tax measures supporting R&D, electronic tax systems, and e-filing

26 Jan - Saudi Arabia: Expanded exemptions from real estate transaction tax

25 Jan - Saudi Arabia: Penalty waiver extended for late-filed tax returns, late tax payments (COVID-19)

25 Jan - Malaysia: Relief package includes extended and expanded tax provisions (COVID-19)

25 Jan - Malaysia: FAQs on tourism tax and bookings via online platforms

25 Jan - Australia: Capital gains tax rollovers, implications for business restructuring

22 Jan - Australia: Businesses claiming JobKeeper payment into 2021

21 Jan - Qatar: Synthesized text of tax treaty with Slovenia

20 Jan - Philippines: VAT withholding on government payments, changes effective 2021

20 Jan - UAE: Additional time to comply with economic substance reporting

19 Jan - UAE: Temporary VAT rate of 0% for medical equipment (COVID-19)

19 Jan - Cambodia: Income tax treaty with Malaysia

19 Jan - Cambodia: Stamp tax on transfers of property, company shares

13 Jan - Bahrain: User fees for tax certificates, tax appeals

12 Jan - India: Services not taxable under treaty with Sweden; technical explanation of U.S. tax treaty not binding

11 Jan - Bahrain: VAT registrations must be updated for companies converting to “with limited liability”

11 Jan - UAE: Medical equipment zero-rated for VAT (COVID-19)

11 Jan - Thailand: Proposed single shareholder company regime

8 Jan - Cambodia: Extended deadline to file foreign manpower quota application for 2021

8 Jan - Hong Kong: Proposed changes to tax treatment of amalgamations and filing of returns

8 Jan - Thailand: Tax calendar for 2021

7 Jan - Hong Kong: Proposal for tax treatment of carried interest includes 0% tax rate

7 Jan - Oman: VAT rules and registration, effective date of 16 April 2021

5 Jan - Bahrain: Amended VAT place-of-supply rules for telecommunication services

5 Jan - Qatar: Review tax liabilities on tax administration portal (Dhareeba) before 14 January 2021

4 Jan - Malaysia: Indirect tax measures, Finance Act 2020

2020 Articles

December 2020

23 Dec - Japan: Updated FAQs and relief regarding tax returns and tax payments (COVID-19)

21 Dec - Japan: Tax reform proposals for 2021

21 Dec - Bahrain: Recoverable input VAT incurred on capital asset

21 Dec - Kazakhstan: Tax measures clarifying taxation of nonresidents, tax-free corporate transfers, application of treaty benefits

17 Dec - Australia: 2020-21 mid-year economic and fiscal outlook

17 Dec - Malaysia: Indirect tax bills presented to Parliament

17 Dec - Taiwan: Considerations to reduce withholding tax on cross-border service fees

16 Dec - Australia: ATO updated information on accelerated depreciation

16 Dec - Hong Kong: Guidance on tax concessions and incentives for ship leasing operations

15 Dec - Bangladesh: Overview of tax measures, including VAT and other changes made in 2020

15 Dec - India: Subsidiary of a foreign company constitutes permanent establishment; gifting of shares

11 Dec - Cambodia: Change to e-VAT refund system, effective 2021

11 Dec - India: Foreign bank’s taxable interest income; employee stock option discount as business expenditure

11 Dec - Saudi Arabia: Recovery of input VAT by real estate developers

11 Dec - Singapore: Changes to risk-based capital framework, taxation of insurers

10 Dec - Bahrain: VAT relief for construction and real estate sector

10 Dec - Vietnam: Guidance on VAT, mandatory e-invoicing delayed to 1 July 2022

10 Dec - Vietnam: Various decrees on corporate and individual income tax, foreign contractor tax, tax administration

7 Dec - Australia: Imputation benefits and use of derivative instruments in structured arrangements

7 Dec - Saudi Arabia: Regulations on e-invoicing and VAT

3 Dec - New Zealand: Proposal for an individual tax rate of 39%

3 Dec - Thailand: Tax relief measures for debt restructuring

1 Dec - Australia: Tax provisions in budget 2020-2021 (Queensland)

1 Dec - Saudi Arabia: Deadline of 31 December 2020 for waiver of penalties for tax return filings, payments 

November 2020

30 Nov - Hong Kong: Reduction of stamp tax (duty) on commercial property sales

30 Nov - India: Goodwill in amalgamation; deductions allowed in special economic zones

30 Nov - Japan: Overview of tax system

30 Nov - New Zealand: Inland Revenue enforces the residential “bright-line test”

25 Nov - Bahrain: VAT treatment of medical coverage provided by insurance companies to their employees

25 Nov - Malaysia: Tax audit framework for finance and insurance

25 Nov - Qatar: Mandatory “contract reporting” in new tax administration portal (Dhareeba)

24 Nov - Australia: Tax provisions in budget for 2020-2021 (Victoria)

20 Nov - Bangladesh: Tax provisions in budget 2021

20 Nov - Malaysia: Updated guides for sales tax and services tax

20 Nov - Myanmar: Withholding tax exemption, payments for services rendered by nonresidents

19 Nov - India: Financial assistance grants, incentives for manufacture of autos, pharmaceuticals, steel

18 Nov - Sri Lanka: Tax proposals in 2021 budget

18 Nov - Thailand: Income and expense recognition for financial businesses

18 Nov - UAE: VAT obligations of real estate management entities in Dubai

17 Nov - Australia: Tax measures in New South Wales budget for 2020-2021

13 Nov - India: Certain taxpayers must issue e-invoices beginning in 2021

12 Nov - Malaysia: Tax measures in budget for 2021

9 Nov - Australia: Updated R&D tax incentive guidance

9 Nov - Myanmar: Relief for company directors unable to comply with residence requirements (COVID-19)

5 Nov - Australia: Ordinary income and the arm’s length value of “uneconomic assets” (Full Federal Court decision)

2 Nov - Bahrain: Reimbursements subject to VAT and non-taxable disbursements

October 2020

30 Oct - Australia: R&D tax benefits “reloaded”

28 Oct - Oman: English translation of VAT law

27 Oct - Japan: Updated FAQs on tax treatment of certain employee situations (COVID-19)

27 Oct - Saudi Arabia: Services related to tangible goods subject to VAT at 15% rate

23 Oct - Cambodia: Capital gains tax, implementation delayed to 1 January 2022

23 Oct - GCC countries: Comparison of VAT regimes in Bahrain, Oman, Saudi Arabia, UAE

23 Oct - Qatar: New process for filing, paying withholding tax

23 Oct - UAE: Notifications, reports under economic substance regulations

22 Oct - Kazakhstan: Protocol to amend income tax treaty with Luxembourg

21 Oct - Turkey: MLI and tax treaty-related considerations for Turkish investors in the Netherlands

20 Oct - Hong Kong: IRS announces termination of United States-Hong Kong shipping agreement, effective 1 January 2021

20 Oct - India: Income from distribution rights, TV channels not taxable as royalty under U.S. tax treaty

20 Oct - Turkey: Amendment to customs regulation for certificates of origin

19 Oct - Hong Kong: Revised revenue recognition standard for tax purposes

19 Oct - Oman: VAT law is published; VAT implementing regulations expected before October 2021

15 Oct - Oman: Extension of relief for late payment of tax, late filing of returns (COVID-19)

14 Oct - Oman: VAT regime, effective date of April 2021

14 Oct - UAE: Beneficial ownership disclosure rules, increased transparency

14 Oct - UAE: Clarifications of VAT rules

9 Oct - Cambodia: Procedures for e-commerce licence or permit; e-commerce service providers and exemptions

9 Oct - Saudi Arabia: Details of real estate transaction tax

7 Oct - Oman: Removal from EU “blacklist” of non-cooperative jurisdictions

6 Oct - Australia: Tax provisions in 2020 federal budget

6 Oct - Malaysia: Sales tax exemption expansion

5 Oct - India: Tax withholding at rate of 1% on transactions with e-commerce operators

5 Oct - Saudi Arabia: Real estate transaction tax

5 Oct - Saudi Arabia: Tax amnesty through 31 December 2020 (COVID-19)

2 Oct - Japan: Revisions to Japanese group relief system, ministerial ordinances and cabinet orders

1 Oct - Myanmar: Tax credits, other tax relief measures (COVID-19)

1 Oct - Myanmar: Tax measures included in Union Tax Law

September 2020

30 Sep - Bahrain: Amendments to commercial companies law

30 Sep - Bahrain: VAT refund application form for non-resident businesses

30 Sep - Cambodia: Guidance on telecommunications company mergers and acquisitions

30 Sep - Oman: Update on proposed VAT measures

30 Sep - Australia: ATO guideline on working-from-home expenses (COVID-19)

29 Sep - Australia: Extended payroll tax relief in South Australia (COVID-19)

29 Sep - India: Tax deadline extensions included in legislation (COVID-19)

29 Sep - India: Guidelines selecting returns for “complete scrutiny” for FY 2020-2021

28 Sep - India: No permanent establishment found; minimum alternative tax on sale of asset

28 Sep - Malaysia: Service tax and disbursements vs. reimbursements

28 Sep - Saudi Arabia: Draft regulations on electronic invoicing

25 Sep - New Zealand: Tax policies of major political parties in 2020 election

24 Sep - Australia: Federal and state governments provide further relief (COVID-19)

23 Sep - Australia: Federal budget 2020 to be announced 6 October 2020

23 Sep - Cambodia: Delayed implementation of e-filing for monthly tax returns

23 Sep - Oman: Enacted income tax measures include AEOI amendments, tax residency provisions

23 Sep - Philippines: Proposed legislation for taxation of digital services

22 Sep - Qatar: Reminder, new tax system registration deadline is 30 September 2020

22 Sep - Vietnam: Corporate income tax, VAT, foreign contractor tax, and individual income tax developments

18 Sep - Thailand: VAT rate reduction, social security contribution rate reduction

14 Sep - Bahrain: VAT and transfers of going-concern; zero-rated VAT for expenses prior to building permit

14 Sep - Cambodia: Anti-money laundering rules; minimum wage for 2021

14 Sep - Saudi Arabia: Tax declarations, payments due by 30 September 2020 (COVID-19)

11 Sep - Korea: Tax amendments in pending legislation

10 Sep - Bahrain: VAT assessment process and appeals procedures (FAQs)

10 Sep - UAE: New economic substance regulations

10 Sep - Australia: Tax authorities review disclosures of international dealings for hybrid arrangements

9 Sep - Australia: ATO clarification of hybrid mismatch rules

9 Sep - China: Tax administration Q&As on permanent establishment and tax residence rules (COVID-19)

9 Sep - India: Tax treatment of payments made to foreign entities

8 Sep - Australia: JobKeeper payment not counted as part of aggregated turnover (COVID-19)

8 Sep - Australia: Land tax relief in South Australia, six-month extension (COVID-19)

8 Sep - Japan: Cabinet orders, local tax under Japanese group relief system

2 Sep - Cambodia: Capital gains tax effective 2021

1 Sep - Malaysia: Updated service tax policies reflect digital services tax measures

August 2020

31 Aug - India: Depreciation of goodwill for acquired business operations

28 Aug - Thailand: Tax relief for SMEs (COVID-19)

27 Aug - Cambodia: Updated procedures for taxpayer registration

26 Aug - Japan: Updated Q&As, group relief system under 2020 tax reform

26 Aug - UAE: VAT treatment of e-commerce sales

25 Aug - India: Security transfer tax on equity shares; service tax liability of banks

25 Aug - Singapore: GST legislative proposal

24 Aug - New Zealand: Employer tax update, displaced employees (COVID-19)

24 Aug - Australia: Guidance on proposed extension of JobKeeper program (COVID-19)

21 Aug - Australia: Treatment of car fringe benefits (COVID-19)

21 Aug - Taiwan: Tax considerations for investments in renewable energy

20 Aug - Malaysia: Guide on taxation of digital services by foreign service providers

19 Aug - Thailand: Additional 150% deduction for investments in new machinery, hotel renovations (COVID-19)

18 Aug - China: Individual income tax relief for new employees, interns

18 Aug - India: Data centre services not taxable as royalty under tax treaty with Singapore

14 Aug - Bahrain: Requirements to file economic substance returns

12 Aug - Philippines: Proposed legislation, taxation of digital economy

12 Aug - Australia: Trust liquidity issues, relief measures (COVID-19)

11 Aug - Australia: Year-end tax implications for managed funds, investors (COVID-19)

11 Aug - Myanmar: Electronic payments of corporate income, commercial taxes

11 Aug - Myanmar: Tax audit processes outlined by tax authority

10 Aug - Oman: Guidance regarding excise tax imposed on certain beverages, products

5 Aug - Turkey: VAT rate reductions for certain services (COVID-19)

5 Aug - Australia: Tax treatment of suspended loans, debt forgiveness (COVID-19)

3 Aug - Malaysia: Stamp tax, real property gains tax exemptions for certain residential property transfers (COVID-19)

3 Aug - Myanmar: Changes to commercial tax, income tax for 2019-2020

July 2020

31 Jul - Australia: ATO guidance on treatment of JobKeeper overpayments (COVID-19)

28 Jul - Australia: FAQs for “significant global entities” (COVID-19)

28 Jul - India: Treatment of web-related services, project office under tax treaties with United States and Korea

27 Jul - Saudi Arabia: Tax ruling requests, updated guidelines

27 Jul - Cambodia: Relief measures to support tourism sector (COVID-19)

24 Jul - Cambodia: Online system for SME applications for tax incentives

23 Jul - Australia: Government’s outlook for economy, fiscal update

23 Jul - Oman: Update on VAT

23 Jul - Singapore: Tax treatment of termination payments made under a separation agreement

22 Jul - India: Seconded employee did not create permanent establishment under tax treaty with Singapore

22 Jul - Malaysia: Amendment to final GST return due by 31 August 2020

21 Jul - Australia: Extension of and changes to JobKeeper program (COVID-19)

20 Jul - Bangladesh: Tax rate reduction proposals in 2020 budget

17 Jul - Japan: Special grace period for tax payments (COVID-19)

17 Jul - Indonesia: Guidance implementing VAT on offshore e-commerce transactions

16 Jul - China: Shenzhen incentives for highly skilled foreign individuals

15 Jul - Malaysia: Indirect tax exemptions described in FAQs

14 Jul - Australia: Tariff classification, differences between English and French versions of Harmonized Convention

14 Jul - India: Opportunity for taxpayers to validate electronically filed income tax returns

13 Jul - Oman: Postponed deadlines for tax returns, tax payments (COVID-19)

10 Jul - India: Tax withholding at source, other developments

9 Jul - Australia: Guidance on claiming working-from-home expenses (COVID-19)

7 Jul - Kuwait: Extended deadlines for business tax returns, payments (COVID-19)

6 Jul - Hong Kong: Tax incentives and ship leasing activities

6 Jul - Japan: Administrative guidance, individual income tax relief (COVID-19)

6 Jul - Japan: Ministerial ordinances, implementing Japanese group relief system

6 Jul - Kazakhstan: Legislation on taxation of digital sales

6 Jul - Oman: VAT expected in early 2021

6 Jul - Pakistan: Tax measures enacted in Finance Act 2020

2 Jul - Qatar: Mandatory taxpayer registration, new tax administration portal (Dhareeba)

1 Jul - Cambodia: One-year exemption, fees for tourism license renewal

1 Jul - Sri Lanka: Tax relief for SMEs (COVID-19)

June 2020

30 Jun - Hong Kong: Updated guidance on taxation of financial instruments, foreign exchange differences

29 Jun - Japan: Cabinet orders issued, implementing Japanese group relief system

26 Jun - Cambodia: Online tax registration required of businesses

25 Jun - Singapore: Tax benefits, capital allowances for ships that were de-registered

24 Jun - Cambodia: VAT on sales of long-term tangible assets

24 Jun - India: Payment of guarantee fees not taxable under tax treaty with Netherlands

24 Jun - Japan: Overview of tax relief measures for companies (COVID-19)

24 Jun - Vietnam: Taxation of e-commerce, withholding rules effective in 2021

22 Jun - Kuwait: Extended deadlines for tax return filing, tax payment (COVID-19)

22 Jun - Malaysia: Expedited GST refunds

22 Jun - Qatar: Further extended deadline for income tax returns, tax payments (COVID-19)

19 Jun - Cambodia: Relief concerning e-filing implementation, monthly tax declarations (COVID-19)

19 Jun - South Korea: Amendments to CRS rules

17 Jun - Singapore: Incorporation of dental practice; legitimate or tax avoidance?

15 Jun - India: Extensions of indirect-related tax periods (COVID-19)

15 Jun - Pakistan: Budget 2020 and tax proposals

12 Jun - Cambodia: Required use of Khmer language on food packaging

12 Jun - China: Plans aimed to develop free-trade port, Hainan island

12 Jun - Oman: Excise tax of 100% on alcohol, other consumer products

12 Jun - Qatar: Late payment interest is 0% through 31 August (COVID-19)

11 Jun - India: GST on remuneration paid to directors-employees

11 Jun - Australia: New MAP guidelines, arbitration arrangements for resolving international tax disputes

10 Jun - Australia: “Instant” asset write-off extended for six months (COVID-19)

10 Jun - Azerbaijan: Tax relief and incentives (COVID-19)

10 Jun - Kazakhstan: Legislative proposal for regulation of digital technologies

10 Jun - Oman: “Tax card” provisions effective 1 July 2020

10 Jun - Philippines: VAT exemption for imported health-care equipment (COVID-19)

10 Jun - Thailand: Functional currency for income tax purposes

9 Jun - Japan: Group relief system under 2020 tax reform; updated FAQs (COVID-19)

8 Jun - Cambodia: “Seniority payments” postponed (COVID-19)

8 Jun - India: Sale of shares and treaty benefits; income tax returns for 2020-21

8 Jun - New Zealand: Tax bill introduced; wage subsidy, other relief extended (COVID-19)

5 Jun - Kazakhstan: “Horizontal monitoring” of certain taxpayers

5 Jun - Philippines: Measures to enhance, foster investments in REITs

4 Jun - Saudi Arabia: VAT refund for non-residents requires action by 30 June 2020

4 Jun - UAE: Compliance with economic substance regulations, relief measures (COVID-19)

3 Jun - Cambodia: Tax relief for airlines, tourism sector, banks (COVID-19)

May 2020

29 May - Hong Kong: Subsidy payments, financial assistance grants exempt from tax (COVID-19)

29 May - Indonesia: Offshore e-commerce transactions subject to 10% VAT

28 May - Australia: Practical compliance guideline on JobKeeper program (COVID-19)

27 May - Thailand: Tax incentives to encourage foreign investment and relocation of production

26 May - India: Bad debt claim as business loss; digital content depreciation

26 May - India: Tax relief measures (COVID-19)

22 May - Australia: Extension of JobKeeper reporting deadline (COVID-19)

21 May - Saudi Arabia: VAT rate increase, transitional provisions

21 May - Cambodia: Certain relief for tourism, garment sectors and educational institutions (COVID-19)

20 May - Cambodia: Tax incentives include reduced withholding tax rate for securities investors

20 May - Myanmar: Requirements for insurance, reinsurance entities

19 May - Cambodia: Export of masks, restrictions lifted (COVID-19)

19 May - Thailand: Virtual meetings for corporate boards, shareholders (COVID-19)

18 May - Qatar: Extended deadlines for 2019 reporting by financial institutions, for commercial license renewals (COVID-19)

18 May - Saudi Arabia: Q&As on VAT rate increase (COVID-19)

15 May - Bangladesh: Tax return filing and tax payment relief measures (COVID-19)

15 May - Malaysia: Guidelines for relief fund process, approvals (COVID-19)

14 May - Australia: Hybrid mismatch legislative proposals

14 May - New Zealand: Budget 2020

14 May - Vietnam: Letters of credit are subject to VAT

13 May - Thailand: Additional extensions of tax return, tax payment deadlines for businesses (COVID-19)

12 May - Japan: Tax relief FAQs, other guidance implementing legislation (COVID-19)

11 May - Saudi Arabia: VAT rate to increase to 15% (COVID-19)

11 May - UAE: Economic substance reporting requirements

11 May - UAE: No changes to VAT rate

8 May - India: Postponed filing deadline for GST return, GST actions (COVID-19)

8 May - India: Tax treatment of non-compete fee; no permanent establishment from UAE liaison office

8 May - Malaysia: Substantial activity requirements, Labuan economic zone

7 May - Australia: Land tax relief in New South Wales and other states (COVID-19)

6 May - Kazakhstan: Payroll tax exemption, other tax relief measures (COVID-19)

5 May - New Zealand: Tax guidance for employers and employees (COVID-19)

4 May - Myanmar: Additional tax and economic relief measures (COVID-19)

1 May - India: Extended due date, provident fund contributions (COVID-19)

1 May - Japan: Tax relief legislation is passed (COVID-19)

1 May - New Zealand: Inland Revenue to administer small business loan program (COVID-19)

1 May - Pakistan: Tax relief for construction sector (COVID-19)

April 2020

30 Apr - Australia: Consider recovery of deferred tax assets, as 30 June reporting season approaches (COVID-19)

30 Apr - New Zealand: Tax loss carryback relief included in legislation (COVID-19)

29 Apr - Bangladesh: Update on tax relief (COVID-19)

28 Apr - Australia: JobKeeper payment and enrolment timelines extended (COVID-19)

28 Apr - Cambodia: Fringe benefit tax on employee loans with below-market interest

28 Apr - UAE: Guidance on VAT treatment of real estate transactions

27 Apr - UAE:  VAT refund opportunities for foreign businesses

24 Apr - India: Guidance on tax relief (COVID-19)

24 Apr - India: “Specified days” deduction for employees

24 Apr - Singapore: Tax and employment relief specifically for consumer and retail businesses (COVID-19)

24 Apr - Australia: State governments provide land tax relief (COVID-19)

23 Apr - Australia: Automatic deferrals for tax agents, company income tax (COVID-19)

23 Apr - Australia: “JobKeeper” program guidance, procedures (COVID-19)

23 Apr - Japan: Tokyo extends filing, payment deadlines for businesses (COVID-19)

23 Apr - Sri Lanka: Extension of tax return deadlines (COVID-19)

22 Apr - Cambodia: Guidance on customs, labor and commerce

22 Apr - Malaysia: Extended tax-related deadlines (COVID-19)

22 Apr - Thailand: Currency conversion rules, financial statement items

21 Apr - Singapore: Tax refund opportunity, stock exercise or vesting (COVID-19)

21 Apr - Turkey: Digital services tax, a primer

21 Apr - UAE: Expanded list of sectors, activities for foreign direct investment

21 Apr - UAE: Extended VAT return, VAT payment deadline (COVID-19)

20 Apr - Hong Kong: Taxation of digital assets

20 Apr - Japan: Tax agency’s FAQs about tax relief for corporations, individuals (COVID-19)

20 Apr - Singapore: Tax relief measures allow for deferred tax payments (COVID-19)

17 Apr - Thailand: Summary of tax relief (COVID-19)

16 Apr - Thailand: Social security-related relief (COVID-19)

16 Apr - UAE: “Substance over form” approach for economic substance

15 Apr - Bangladesh: Tax relief measures (COVID-19)

15 Apr - Indonesia: Tax and customs relief measures (COVID-19)

15 Apr - Japan: Tax agency provides FAQs addressing tax relief measures (COVID-19)

15 Apr - Jordan: Relief measures related to social security contributions (COVID-19)

15 Apr - Lebanon: Tax relief measures (COVID-19)

15 Apr - New Zealand: Tax relief measures focused on enhancing cash-flow (COVID-19)

15 Apr - Pakistan: Tax and economic relief (COVID-19)

15 Apr - Sri Lanka: Tax relief measures (COVID-19)

15 Apr - Taiwan: Tax return, tax payment deadlines extended (COVID-19)

14 Apr - Cambodia: Penalty relief relating to work permit renewals (COVID-19)

14 Apr - New Zealand: Possible economic outcomes of “lockdown” (COVID-19)

13 Apr - Indonesia: Tax relief measures (COVID-19)

13 Apr - Oman: New organizational structure for tax authority

13 Apr - UAE: Economic substance notification deadlines

13 Apr - UAE: Extended deadline for excise tax (COVID-19)

10 Apr - Hong Kong: Tax relief, economic stimulus (COVID-19)

10 Apr - Japan: Details of tax relief measures (COVID-19)

10 Apr - Malaysia: Tax treatment of charitable donations (COVID-19)

10 Apr - Uzbekistan: Tax relief measures (COVID-19)

10 Apr - Vietnam: Tax relief measures (COVID-19)

9 Apr - Bhutan: Extended deadlines for filing corporate tax returns, paying tax (COVID-19)

9 Apr - Taiwan: Deferrals for individual income tax payments, return filing deadlines (COVID-19)

8 Apr - Saudi Arabia: Tax relief includes extension of time to file, pay tax (COVID-19)

8 Apr - Singapore: More relief in third budget 2020 (COVID-19)

7 Apr - Australia: Considerations for tax functions, preserving tax attributes (COVID-19)

7 Apr - Japan: Tax reform legislation (2020) passed by National Diet

7 Apr - Japan: Additional relief on filing 2019 individual tax returns (COVID-19)

7 Apr - Malaysia: Tax relief includes extended due dates (COVID-19)

7 Apr - Myanmar: Tax relief provided for tourism industry, certain other taxpayers (COVID-19)

7 Apr - Oman: Tax relief measures (COVID-19)

7 Apr - Thailand: Extension of monthly tax compliance deadlines for all businesses (COVID-19)

6 Apr - India: Tax relief measures (COVID-19)

6 Apr - Singapore: Tax measures included in stimulus package (COVID-19)

3 Apr - Vietnam: Increased cap on deductible interest expenses; postponed e-invoice rules

2 Apr - Korea: Tax relief includes reduced rates, temporary increased deductions (COVID-19)

2 Apr - Thailand: Relief from certain corporate compliance rules (COVID-19)

2 Apr - Vietnam: Tax relief includes extended payment due dates (COVID-19)

1 Apr - China: Overview of corporate income tax rule changes for 2019 tax year

March 2020

31 Mar - Israel: Extensions of tax-related deadlines (COVID-19)

31 Mar - Japan: FAQs on tax relief measures (COVID-19)

31 Mar - Thailand: Withholding tax rate reduction, tax relief (COVID-19)

30 Mar - Taiwan: Tax relief includes tax return filing, payment deferrals (COVID-19)

27 Mar - Australia: Updated FAQs provide tax information for large business (COVID-19)

26 Mar - Australia: Boosting cash-flow for employers; instant asset write-offs (COVID-19)

26 Mar - New Zealand: Tax relief legislation enacted (COVID-19)

26 Mar - UAE: Customs duty refunds, customs relief in Dubai (COVID-19)

25 Mar - Malaysia: Tax relief, postponed deadlines, responding to coronavirus (COVID-19)

25 Mar - Hong Kong: Tax relief measures, response to coronavirus (COVID-19)

25 Mar - India: Tax relief measures, responding to coronavirus (COVID-19)

24 Mar - India: Digital taxation, enlarging the scope of “equalisation levy”

24 Mar - Qatar: Two-month extension, tax return filing date (COVID-19)

23 Mar - Australia: Legislative economic stimulus packages, include tax relief (COVID-19)

22 Mar - Australia: Tax relief measures included in economic stimulus package (COVID-19)

22 Mar - Saudi Arabia: Tax relief measures in response to coronavirus (COVID-19)

20 Mar - Turkey: Digital services tax, update

18 Mar - Japan: Additional extensions of tax return filing, payment deadlines due to coronavirus (COVID-19)

18 Mar - Malaysia: Indirect tax challenges, coronavirus (COVID-19)

18 Mar - UAE: Tax relief included in responses to coronavirus (COVID-19) in Dubai and Abu Dhabi

17 Mar - Australia: States announce tax relief, economic stimulus responses to coronavirus (COVID-19)

17 Mar - New Zealand: Tax relief in government's response to coronavirus (COVID-19)

17 Mar - Thailand: Tax relief measures in response to coronavirus (COVID-19)

16 Mar - Australia: Government establishes business liaison unit on coronavirus (COVID-19)

13 Mar - Australia: Tax relief for businesses affected by coronavirus (COVID-19)

13 Mar - Singapore: New income tax treaty with Indonesia

12 Mar - Malaysia: Forms for tourism sector to apply to defer tax payments

11 Mar - Australia: “Sufficiently influenced” is not control, but influence (High Court decision)

11 Mar - Japan: Follow-up to extensions of individuals’ tax return filing, tax payments (COVID-19)

9 Mar - Cambodia: Rules for registering intellectual property agreements

9 Mar - Hong Kong: Updated requirements for Luxembourg UCITS marketed in Hong Kong

9 Mar - Persian Gulf: VAT expected in 2020 (Qatar); monthly VAT filing guidelines (Bahrain)

9 Mar - Vietnam: Managing tax audits

5 Mar - Cambodia: Online portal for registering investment projects and related imported materials and machinery

5 Mar - Malaysia: Tax relief included in economic stimulus package (COVID-19)

5 Mar - Malaysia: Service tax on imported services, policy updates

5 Mar - Malaysia: Tax provisions in economic stimulus package

5 Mar - Myanmar: Foreign loan criteria updated

4 Mar - Australia: Stamp tax relief for bushfire victims in New South Wales

4 Mar - India: Equipment and service contracts treated as “composite contract” for tax purposes, percentage of income taxable in India

3 Mar - Cambodia: Tax relief for garment, tourism sectors

3 Mar - Cambodia: VAT and basic food items

2 Mar - China: Goods imported from United States, process for exclusion from tariffs

2 Mar - China: Social security relief for enterprises, response to coronavirus (COVID-19)

2 Mar - Japan: Extensions for individual tax returns, response to coronavirus

2 Mar - Malaysia: Service tax and digital services

February 2020

28 Feb - Cambodia: Invoice rules concerning format, issuance, language, invoice number, VAT credit

28 Feb - Cambodia: Instructions for implementing tax incentives for SMEs

28 Feb - Cambodia: Tax on income, updated guidance and rules

28 Feb - Cambodia: Classification of environmental impact assessments for development projects

26 Feb - Hong Kong: Tax proposals in 2020-2021 budget

26 Feb - New Zealand: GST rule changes are proposed

25 Feb - China: Income tax relief, response to coronavirus (COVID-19)

25 Feb - Myanmar: Tax calendar for 2020

24 Feb - Australia: Expanded director penalties related to GST liabilities

19 Feb - Singapore: Tax measures in budget 2020

18 Feb - Cambodia: Basis for application of specific tax on certain merchandise

14 Feb - Australia: Capital gains tax, property used in course of carrying on business

14 Feb - India: Tax treaty treatment of fees for technical services, of minimum alternative tax

13 Feb - India: Tax incentives for sovereign wealth fund investments, budget proposals

13 Feb - Uzbekistan: VAT rules for e-services

11 Feb - China: Tax challenges and policy options, coronavirus epidemic

10 Feb - Japan: Consolidated tax return filing system; shift to Japanese group relief system

10 Feb - Australia: Corporate residency rules; issues arising under sole-incorporation test 

10 Feb - Australia: New legislation increases accountability of directors

10 Feb - Kazakhstan: Tax administrative and procedural changes effective 2020

10 Feb - Oman: Measures to encourage foreign investment

6 Feb - China: Tax considerations, relocating employees in response to coronavirus

6 Feb - China: Tax on overseas income received by resident taxpayers

6 Feb - Turkey: Tax administration’s draft guidance on digital services tax

3 Feb - India: Tax proposals in Union Budget 2020

3 Feb - Cambodia: Guidance on issuance of certificates of occupancy

3 Feb - Hong Kong: Proposed tax measures for ship-leasing activities

January 2020

31 Jan - Uzbekistan: VAT rules for foreign suppliers of e-services

30 Jan - Taiwan: Funds for certain investments not subject to surtax imposed on undistributed earnings

29 Jan - India: GST levied on ocean freight transportation held unconstitutional

29 Jan - Kazakhstan: Tax benefits regime, moratorium on tax audits of small businesses

29 Jan - Oman: VAT implementation expected in 2021

23 Jan - Thailand: VAT proposed regulations include e-commerce measures

22 Jan - Asia Pacific: Global withholding taxes, income and gains from listed securities (KPMG report)

22 Jan - Malaysia: Withholding tax on special classes of income

22 Jan - Singapore: Tax considerations in advance of 2020 budget (expected 18 February)

21 Jan - Australia: FBT implications of workplace bushfire donations

20 Jan - Australia: Extension of transition relief, central management and control test

20 Jan - India: Tax withholding on year-end, GST and composite supplies

20 Jan - Korea: Income tax treaty with Czech Republic, entry into force

17 Jan - Cambodia: Taxation of dividends under tax holiday rules; use of exchange rates

17 Jan - Malaysia: Service tax policy updated to reflect digital services

17 Jan - Malaysia: Tax provisions are included in enacted Finance Act 2019, other legislation

15 Jan - China-Hong Kong: Income tax arrangement, possible tax exemptions for teachers and researchers

15 Jan - Malaysia: Tax provisions in Finance Act 2019

13 Jan - China: Individual income tax policy, charitable donations

8 Jan - China: Final guidance, comprehensive income tax annual reconciliation for 2019

8 Jan - India: Budget 2020 scheduled for 1 February; electronic payments requirement

6 Jan - Myanmar: Beneficial ownership disclosure requirements, effective 2020

3 Jan - India: GST amendments effective 1 January 2020

2 Jan - Oman: 2020 budget and indirect tax proposals

2 Jan - Thailand: Tax calendar for 2020

December 2019

30 Dec - China: Foreign exchange measures to facilitate cross-border trade and investment

27 Dec - Indonesia: Income tax benefits for new investments

26 Dec - Cambodia: Intellectual property rights, patents and utility model certificates

26 Dec - Cambodia: Measures regulating construction industry

26 Dec - China: Guidance on annual income tax reconciliation for individual taxpayers

26 Dec - Japan: Outline of tax reform proposals; measures concerning corporate and individual taxpayers

20 Dec - India: Deadline for GST return, reconciliation statement extended

20 Dec - New Zealand: Update on pending R&D tax credit, Kiwisaver bill

18 Dec - Myanmar: New penalty measures, stamp tax imposed on documents

17 Dec - Australia: Payroll tax and bonuses, timing of payments can matter

17 Dec - India: Tax relief included in tax legislation

17 Dec - Indonesia: Proposal for reduced corporate tax rate, territorial tax system

17 Dec - Taiwan: Reduced business tax rate, banks’ NCD transactions; refund opportunities

17 Dec - Hong Kong: Tax relief measures

16 Dec - Hong Kong-Macau: New income tax treaty

16 Dec - India: Electronic invoicing required for certain business-to-business supplies

16 Dec - New Zealand: Proposal to align tax with accounting for leases

11 Dec - New Zealand: Purchase price allocation proposals for vendors, purchasers

11 Dec - Turkey: Digital services tax enacted, effective date of March 2020

10 Dec - India: Sales tax, place where contract for time-charter agreement entered

6 Dec - India: Application of MLI to tax treaties with Australia, Finland, Japan, Singapore, Slovakia, UAE

4 Dec - Australia: Update on hybrid mismatch rules

4 Dec - Papua New Guinea: Tax measures in 2020 budget

2 Dec - Australia: Do U.S. GILTI rules correspond to the Australian CFC regime?

2 Dec - China: VAT legislative proposals covered in draft consultation

October 2019

31 Oct - Australia: GST collection by offshore providers of hotel room sales

29 Oct - Malaysia: Tax incentives, other measures in 2020 budget

29 Oct - Taiwan: Invoice requirements for foreign e-commerce suppliers, effective January 2020

25 Oct - Australia: Thin capitalisation asset valuation law changes; ATO administrative treatment

24 Oct - Australia: Foreign income tax offset limit, untaxed capital gains

24 Oct - Australia: Post-import adjustments, determining customs value of imported goods

24 Oct - Australia: Proposed expanded land tax base, New South Wales

24 Oct - China: Tax uncertainties with expanded opportunities for foreign insurance companies, banks

23 Oct - China: Administrative guidance on income tax treaty benefits

21 Oct - Australia: Income “tax gap” estimate, large corporate groups

15 Oct - Kazakhstan: CFC rules; defining large taxpayers; VAT amendments

15 Oct - Myanmar: Advance income tax for imports, exports; other trade-related items

14 Oct - Indonesia: Upstream oil and gas activities; tax incentives for cost allocations

10 Oct - Australia: Fuel tax credits, ATO’s position in decision impact statement

10 Oct - New Zealand: Income tax treaty with China

10 Oct - New Zealand: Tax treatment of land “holding costs”

4 Oct - Taiwan: Tax relief available for foreign corporations receiving Taiwan-source income

3 Oct - Australia: ATO’s proposals could subject non-residents to tax

3 Oct - Australia: Superannuation contributions cap, directors of multiple boards

2 Oct - Hong Kong: Guidance on disallowing deductions for foreign taxes

1 Oct - Indonesia: VAT exemption, “temporary imports” used in providing taxable services from overseas

July 2019

31 Jul - India: Claiming “most favored nation” benefits under tax treaty

29 Jul - India: GST rate reduction, electric vehicles

26 Jul - Australia: Operating costs for purposes of mineral royalty liability

26 Jul - Australia: R&D activities, underground coal gasification pilot facility (appellate court decision)

26 Jul - Pakistan: Indirect tax changes in three provinces (Punjab, Sindh and Khyber Pakhtunkhwa)

26 Jul - Thailand: Customs voluntary disclosure program extended to 30 April 2020

25 Jul - Japan: Export controls for certain goods destined for South Korea

25 Jul - New Zealand: Update on digital services tax consultation

24 Jul - India: PE under tax treaty with UK; Protocol to treaty with China

24 Jul - Vietnam: Taxation of e-commerce transactions, implications for banks

24 Jul - Australia: Proposal to make director personally liable for company’s GST

23 Jul - Australia: Thin capitalisation, correctly identifying debt deductions

19 Jul - Australia: Excise tax rates on beer updated; refund opportunities

19 Jul - Japan: Import requirements clarified under economic partnership agreement with EU

18 Jul - Indonesia: Regulation clarifies permanent establishment requirements

17 Jul - India: Tax authority’s action plan; claims for input tax credit

17 Jul - Japan: Protocol to tax treaty with United States, approved by U.S. Senate

15 Jul - Australia: Ride-sharing services not eligible for FBT exemption

11 Jul - UAE: New economic substance regulations for UAE companies

10 Jul - Thailand: Mutual funds subject to 15% income tax (effective 20 August 2019)

8 Jul - India: Tax proposals in Union Budget 2019

8 Jul - India: Annual return of foreign liabilities and assets; revised reporting system

3 Jul - Thailand: Expanded exemptions from foreign business license requirements

2 Jul - China: Individual income tax subsidy available in Greater Bay Area

2 Jul - Vietnam: Taxation of e-commerce transactions, remote digital sales

May 2019

30 May - Thailand: Tax incentives under international business centre regime

30 May - New Zealand: Tax measures in 2019 budget

29 May - Japan: Tokyo’s business tax rate proposals, effective 1 October 2019

29 May - Australia: Victoria state government proposes tax legislation

28 May - Australia: Victoria’s budget includes business tax relief, payroll tax reduction 

24 May - India: Losses from trading in shares; interest on funds provided subsidiaries 

23 May - Australia: Annual reporting about employee share schemes; first reporting for tax year ending 30 June 2019

23 May - Australia: “Reportable tax position” schedule, instructions for 2019

17 May - New Zealand: Proposed GST changes expected, telecommunications services

17 May - Thailand: International business center regime, individual income tax benefit requirements

10 May - Australia: Western Australia budget delivered, no changes to stamp taxes (duties) or land tax regime

10 May - Indonesia: VAT rate of 0% extended for additional export services

10 May - Myanmar: “Advance income tax regime” exemptions removed for certain companies

8 May - India: Tax treatment of receipts under tax treaties with Mauritius, Singapore, Russia

7 May - Thailand: New international business center tax incentive; certain action required by 1 June 2019

6 May - Australia: International money transfers treated as assessable income (individual tax)

6 May - Philippines: Tax implications of “one person corporations”

3 May - Singapore: GST reverse-charge mechanism on imported services, effective January 2020

April 2019

30 Apr - Australia: Updated ATO guidance for stakeholders on general purpose financial statements (GPFS) regime

29 Apr - India: Permanent establishment thresholds, profit attribution rules

26 Apr - India: Update on GST notifications, circulars

26 Apr - Australia: Small business capital gains tax (CGT) concessions not available for companies using assets to derive rent 

23 Apr - Australia: Income tax treaty signed with Israel

23 Apr - India: Interest payable on gross GST liability; input tax credit available only when returns filed

23 Apr - Thailand: New labor law effective 5 May 2019; many employers to be affected by changes

22 Apr - Qatar: Tax authority guidance, new income tax law provisions

19 Apr - Kazakhstan: Summary of corporate tax law amendments for 2018 returns

18 Apr - Philippines: Tax amnesty available for 2017 and prior years

18 Apr - Hong Kong: Inland Revenue’s guidance on R&D tax incentive; qualifying activities and deductible expenditures clarified

17 Apr - New Zealand: No capital gains tax, government responds to recommendations

16 Apr - New Zealand: Status of R&D tax incentive bill

15 Apr - Indonesia: Regulation imposing VAT on e-commerce transactions revoked

15 Apr - Indonesia: Restrictions on allowable foreign tax credits

15 Apr - Indonesia: Revised rules, corporate tax holiday

15 Apr - Qatar: Income tax return for 2018 due 30 April 2019 

15 Apr - India: Deputed employee salaries not subject to service tax  

12 Apr - India: Income tax notices issued to multinational companies

10 Apr - China: New income tax treaty signed with Italy

9 Apr - China: Dutiable royalties must be declared to China Customs within 30 days after payment

8 Apr - New Zealand: Capital gains tax proposals, pros and cons

KPMG Asia Pacific Tax Centre

  

“Tax profiles” of countries in the Asia Pacific region

Summaries of the taxes that apply to businesses and to individuals in Asia Pacific countries

Read more >

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