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ARTICLE · 30 APRIL 2021

Asia Tax Bulletin – Spring 2021

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As the world struggles to recover from the pandemic, business continues regardless and the tax authorities appear to have little trouble keeping up, at least judging from developments over the...

GlobalTax
Pieter De Ridder
Pieter De Ridder
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As the world struggles to recover from the pandemic, business continues regardless and the tax authorities appear to have little trouble keeping up, at least judging from developments over the past three months.

This edition of the Asia Tax Bulletin covers the highlights, inter alia including the tax proposals in the 2021 budgets in Hong Kong, India and Singapore; China's draft stamp duty law and simplified APA procedure; the long-awaited carried interest concession proposed by the Hong Kong tax authority; India's launch of the Faceless Penalty Scheme and an e-portal to report tax evasion; the Indonesian tax authorities' clarification on the offshore tax exemption treatment of expats living in Indonesia - as well as the dividend withholding tax exemption criteria for Indonesian companies; Korea's tax law changes for 2021; Malaysia's Covid relief package and its ratification of the Multilateral (BEPS) Treaty; the first corporate tax rate reduction by the Philippines

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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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