International Tax Asia Pacific April 2022
This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Asia Pacific Regions between 1 April and 30 April 2022.
For a full summary of global tax developments, visit kpmg.com/TaxNewsFlash.
To contact the International Tax Team email internationaltax@kpmg.com.
To register for the International Tax webcasts, click here.
Australia
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Australia |
|||
KPMG Publication |
Transfer pricing |
11 April 2022 |
Taxpayers need to consider whether IBOR reform-related changes to their financial arrangements have tax consequences Read more. |
Cambodia
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Cambodia |
|||
Tax legislation approved and regulatory update |
Income tax |
29 April 2022 |
Taxpayers that voluntarily adjust their accounting records and tax returns and make payments of the amount of underpaid tax prior to a tax audit, are provided some relief from the 10% additional tax. Read more. |
Hong Kong
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Hong Kong |
|||
Administrative and case law |
Income tax |
29 April 2022 |
Profits found to be offshore-sourced, not subject to profits tax (court decision). Read more. |
India
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
India |
|||
Administrative and case law |
Income tax |
20 April 2022 |
Reassessment notice emailed on last day of limitation period held valid (court decision). Read more. |
Administrative and case law |
Income tax |
19 April 2022 |
Payments to subcontractor in China taxable as "fees for technical services" under India-China treaty (tribunal decision). Read more. |
Tax legislation approved and regulatory update |
Income tax |
14 April 2022 |
Australia agreed to stop the taxation of offshore income of Indian companies providing technical services to Australian clients. Read more. |
KPMG Publication |
Various tax topics |
14 April 2022 |
KPMG in India has prepared reports on recent tax developments:
|
KPMG Publication |
Various tax topics |
11 April 2022 |
KPMG in India has prepared reports on recent tax developments:
|
Administrative and case law |
Income tax |
07 April 2022 |
Payments for online advertisements not taxable in India (tribunal decision). Read more. |
Administrative and case law |
Income tax |
07 April 2022 |
No dependent agent permanent establishment under India-Mauritius tax treaty (tribunal decision). Read more. |
Administrative and case law |
Various tax topics |
05 April 2022 |
KPMG in India has prepared reports on recent tax developments:
|
Indonesia
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Indonesia |
|||
Tax legislation approved and regulatory update |
Income tax |
25 April 2022 |
The government issued guidance concerning the taxation of income from construction services which, among other changes, introduces a new construction service category. Read more. |
Malaysia
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Malaysia |
|||
KPMG Publication |
Various tax topics |
28 April 2022 |
Finance Act 2021 introduced several amendments that would change tax landscape for unit trust funds in 2022. Read more. |
Tax legislation approved and regulatory update |
Income tax |
15 April 2022 |
The Malaysian Inland Revenue Board has issued the tax corporate governance framework (TCGF) and guidelines to assist organizations in designing and operating their TCGF and encourage voluntary participation in the TCGF program. Read more. |
Tax legislation approved and regulatory update |
Income tax |
07 April 2022 |
The Ministry of Finance announced that foreign source income received in Malaysia during the second six months of the 2022 assessment year (i.e., from 1 July 2022) is excluded from the computation of the prosperity tax. Read more. |
Tax legislation approved and regulatory update |
Tax compliance |
04 April 2022 |
The Malaysian Inland Revenue Board has introduced a new e-telegraphic transfer system that will generate a unique account number per transaction and will assist the MIRB to trace the electronic transfer of funds by taxpayers to its accounts and to identify the taxpayers. Read more. |
Philippines
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Philippines |
|||
Tax legislation approved and regulatory update |
Tax compliance |
20 April 2022 |
The deadline for submission of attachments to the 2021 annual income tax return is on or before 31 May 2022. Read more. |
Tax legislation approved and regulatory update |
Various tax topics |
13 April 2022 |
Guidance clarifies deadline for filing annual income tax returns for the 2021 tax year. Read more. |
Thailand
Tax area concerned |
Relevant date |
Description of measures and publication link |
|
Thailand |
|||
Tax legislation approved and regulatory update |
Tax compliance |
01 April 2022 |
The Minister of Finance has extended to 30 May 2022 the deadline for filing the transfer pricing disclosure form for fiscal years starting on or after 1 January 2020 to 31 December 2020. Read more. |
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