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ARTICLE · 22 JANUARY 2019

Asia Tax Bulletin - Winter 2018/2019

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The winter months have seen a range of significant measures in tax legislation, from tax incentives for foreign investment and various measures to promote the technology sector to building on earlier measures to increase tax collections.

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The winter months have seen a range of significant measures in tax legislation, from tax incentives for foreign investment and various measures to promote the technology sector to building on earlier measures to increase tax collections. China reformed its individual income tax law and has extended, with adjustments, its policy on retail imports through e-commerce.

Hong Kong has gazetted proposals to enable private equity funds to be established in Hong Kong, in order to close in on Singapore's regulations in this regard. Indonesia amended, for the second time in the space of two years, its anti-treaty shopping rules, tightening them compared with the previous edition. Japan has announced the framework of its 2019 tax reform plan, which includes changes to its CFC rules, transfer pricing and earnings stripping rules. Korea has seen the passage of the tax reform bill covered in the previous issue of this Bulletin, albeit with some amendments to the proposed changes. It

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This 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. Please also read the JSM legal publications Disclaimer.

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