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ARTICLE · 22 JULY 2025

Asia Tax Bulletin - Summer 2025

Mayer Brown
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We present to you the Summer 2025 edition of the Asia Tax Bulletin. It contains tax developments in Asia on a host of topics, such as Hong Kong's and Japan's tax legislation...

GlobalTax
Pieter De Ridder
Pieter De Ridder
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We present to you the Summer 2025 edition of the Asia Tax Bulletin. It contains tax developments in Asia on a host of topics, such as Hong Kong's and Japan's tax legislation to implement the Minimum Global Tax (also referred to as Pillar 2 tax) on large MNCs, Malaysia's expanded Service Tax to include, inter alia, financial services, the PRC's tax credits for reinvestments by foreign investors in qualifying businesses and Indonesia's new regulation setting out the process for tax audits, amongst other topics.

We want to devote a special word to the Vietnamese developments, which include a new corporate tax code. One of the aspects of this new corporate tax code is new legislation with respect to taxing transfers of ownership of Vietnamese companies, including indirect transfers (where the seller sells the shares of a foreign holding company which directly or indirectly owns Vietnamese shares). The new tax provisions, which are scheduled to take effect on 1

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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