Asia Tax Bulletin - Spring 2016

Here is the Spring edition of our quarterly Asia Tax Bulletin. It features important developments in Southeast Asia, China, Taiwan, Japan, Korea and India.

Let me highlight just a few of the items contained in this edition. In China, real property investors and financial institutions should note that the business tax will be withdrawn and fully replaced by the VAT by June, and special rules have been issued for B2C ecommerce transactions. Hong Kong, India and Singapore issued their government's budgets with various tax changes. Singapore has extended the tax exemption on qualifying gains on the sale of shares by a Singapore company, and various tax incentives have also been refined.