Tax Newsletter - PRISM

PRISM – the quarterly tax newsletter of which is part of our effort to stay in touch with our clients by sharing updates and insights on the recent international taxation changes and current hot topics

1st Quarter 2017 Issue

Table of content

Cyprus:

Double Taxation Avoidance Agreement (DTAA) between Cyprus and the Republic of Latvia ratified and Amendment of Article 13 of the Cyprus-Russia Double Taxation Agreement

Hong Kong:

2017/18 Hong Kong Budget Highlights

Korea:

Tax Reduction and Exemption Control Act Amendment promulgated by Ministry of Strategy and Finance

Malaysia:

Withholding Tax in Malaysia

Singapore:

Singapore Budget 2017: Brief Highlights

Please click here to obtain a copy of 1st Quarter 2017 issue of PRISM.

4th Quarter 2016 Issue

Table of content

China:

Brief introductions about replacement of the business tax with value added tax (VAT)

Cyprus:

Cyprus & India signed a revised Double Taxation Avoidance Agreement (DTAA)

Germany:

New Income Tax Treaty between Japan and Germany

Malaysia:

Budget 2017 - Ensuring Unity and Economic Growth, Inclusive Prudent Spending, Wellbeing of the People

Please click here to obtain a copy of 4th Quarter 2016 issue of PRISM.

3rd Quarter 2016 Issue

Table of content

China:

Changes of tax administration in offshore indirect equity transfer

Cyprus:

Introduction of Cyprus domicile and non-domicile persons and relevant tax incentives

Hong Kong:

Hong Kong is taking actions on automatic exchange of information

Malaysia:

Transfer Pricing in Malaysia

United Kingdom:

Generous UK research & development tax relief for overseas investors

Please click here to obtain a copy of 3rd Quarter 2016 issue of PRISM.

2nd Quarter 2016 Issue

Table of content

China:

The attention of the contract facing to replace the business tax with VAT

Cyprus:

Cyprus signs off Double Taxation Avoidance Agreements (DTAAs) with Bahrain and Ethiopia

Germany:

Consignment warehouses: VAT implications

Korea:

New withholding tax obligation on foreign secondees in Korea

Malaysia:

Goods and Services Tax (GST) – First anniversary!

Russia:

Doctrine of the actual recipient (beneficial owner)

UAE:

The new UAE Commercial Companies Law (CCL)

Please click here to obtain a copy of 2nd Quarter 2016 issue of PRISM.

1st Quarter 2016 Issue

Table of content

Australia:

Australian Taxation Office and its Roles in Foreign Investment

China:

Base Erosion and Profit Shifting (BEPS) -Core Contents of Fifteen Projects

Cyprus:

Come to Cyprus to do business

Hong Kong:

Hong Kong Aspires to Strengthen Its Edge as Corporate Treasury Centre

Indonesia:

Indonesian Tax Amnesty Plan

Korea:

Increased Tax Benefits for Angel Investors and Start-up investments

Malaysia:

Recalibration of Budget 2016

Russia:

The Main Changes and Trends in Tax Policy and Legislation of the Russian Federation

Singapore:

Singapore’s International Tax Cooperation

UAE:

Opportunities in the land of tax haven

Please click here to download a digital copy of the 1st quarter 2016 issue of PRISM.

4th Quarter 2015 Issue

Table of content

China:

Attention to Five Changes for Application of Bilateral Tax Agreement

Cyprus:

Cyprus signs off a Double Taxation Avoidance Agreement (DTAA) with Iran

Germany:

Possible personal tax obligation in Germany for employees from Japan - Retirement Allowance and secondment to Germany

Hong Kong:

Improved access for Hong Kong tax residents to PRC treaty benefits based on the new self-assessment procedures in China

Indonesia:

Tax Incentive – Government Policy Package Volume 5

Korea:

2016 Value Added Tax Law Revisions

Malaysia:

Budget 2016 – Strengthening Growth, Enhancing Inclusiveness, Ensuring Fiscal Sustainability

Russia:

Tax changes in year 2016

Please click here to obtain a copy of 4th Quarter 2015 issue of PRISM.

3rd Quarter 2015 Issue

Table of content

Australia:

Australian taxation on the Managed Investment Trusts (“MITs”)

China:

The Challenges of Taxing Cross-border Third Party Payment

Cyprus:

Cyprus signs off a Double Taxation Avoidance Agreement (DTAA) with Georgia

Germany:

Trade Tax verseus German Foreign Tax Act

Hong Kong:

New Protocol to the China-HK double tax arrangement signed - new benefits and obligations to taxpayers

Korea:

New tax revisions for 2015

Malaysia:

Getting Ready for Goods and Services Tax (GST) Audit

Singapore:

Singapore Budget 2015: Brief Highlights

Please click here to obtain a copy of 3rd Quarter 2015 issue of PRISM.

2nd Quarter 2015 Issue

Table of content

Australia:

Intergenerational Issues regarding Company Loans for Family Business I

China:

The Challenges of Taxing Cross-border Third Party Payment

Cyprus:

Double Taxation Agreement Between Cyprus and Iceland

Germany:

Taxation of Foreign Investment in Germany

Hong Kong:

China has stepped up its participation in the G20’s fight against international tax avoidance by passing a law targeting at the offshore indirect sale of China assets

Indonesia:

The Elimination of Tax Administrative Sanctions

Japan:

The 2015 Tax Reform

Malaysia:

Resolving International Tax Disputes

Russia:

Changes in Tax Legislation

Please click here to obtain a copy of 2nd Quarter 2015 issue of PRISM.

1st Quarter 2015 Issue

Table of content

China:

International Anti-tax Avoidance Actions

Cyprus:

Alternative Investment Funds

Germany:

Recording Accounting Transactions of Permanent Establishment (PE)

Hong Kong:

Cross-Border Stock Trading Scheme between Hong Kong and Mainland China – A Snapshot from Tax Angle

Indonesia:

Tax-related Information Exchange between Indonesia and Singapore

Japan:

Taxes on Foreign Investment in Real Estate

Malaysia:

Goods and Services Tax (GST) – Finally here!

Please click here to obtain a copy of 1st Quarter 2015 issue of PRISM.

4th Quarter 2014 Issue

Table of content

China:

International Anti-tax Avoidance Actions

Cyprus:

Alternative Investment Funds

Germany:

Recording Accounting Transactions of Permanent Establishment (PE)

Indonesia:

Cross-Border Stock Trading Scheme between Hong Kong and Mainland China – A Snapshot from Tax Angle

Japan:

Tax-related Information Exchange between Indonesia and Singapore

Malaysia:

Taxes on Foreign Investment in Real Estate

Russia:

Goods and Services Tax (GST) – Finally here!

Singapore:

Singapore Income Tax : Tax Deduction on Statutory and Regulatory Expenses

Taiwan:

Industrial Innovation Amendment aims to spur R&D, retain talent

Please click here to obtain a copy of 4th Quarter 2014 issue of PRISM.

Page 4 of 5