Following changes introduced by the Finance Act 2019, commercial property held by non-UK residents is now within the UK CGT net.

In June 2015, the European Commission (EC) published a list of 30 jurisdictions classified as 'non-cooperative' for tax purposes.

Non-US persons with US family members can benefit their families through the establishment of a foreign grantor trust. A properly drafted foreign grantor trust can provide highly favorable US federal tax treatment...

In her first policy address, Mrs. Carrie Lam, Chief Executive of Hong Kong SAR, set out her proposed tax changes for Hong Kong.

For Dutch companies expanding into Asia, the Netherlands–Hong Kong corporate structure is a well-established framework.

The Hong Kong Legislative Council Panel on Financial Affairs published, on 30 October, the Outcome of the Consultation on the Implementation of Global Minimum Tax and Hong Kong Minimum Top-up Tax (HKMTT), collectively the Pillar Two Global Anti-Base Erosion (GloBE) Rules.

The OECD announced in December that 26 countries and jurisdictions had agreed to implement a new international framework for the automatic exchange of information on overseas real estate, marking a significant expansion of automatic reporting beyond financial accounts and crypto assets to immovable property holdings.

We are pleased to present to you the Autumn issue of our firm's Asia Tax Bulletin.

Thailand introduced a VAT on foreign ecommerce operators and is encouraging foreign talent to relocate to Thailand by offering attractive tax benefits.

This edition contains news on various recent tax developments in East and Southeast Asia.

A new spring and many new developments on taxation in Asia

On 12 January 2017, Mr. Wang Jun, the Director of State Administration of Taxation ("SAT") announced that the annual tax revenue of China for 2016 is RMB11.5878 trillions, an increase of 4.8% over 2015.

On 26 February 2025, the Financial Secretary delivered the Hong Kong SAR Government's ("the Government") 2025-26 Budget ("the Budget"). The Budget was wide ranging in terms of measures to shore up the Government's finances while maintaining investment in public services and longer-term capital projects.

The last three months have seen many countries fine-tuning and regulating existing tax incentives and announcing new tax incentives in accordance ...

Singapore has announced tougher measures against GST and income tax avoidance by introducing a 50% surcharge on transfer-pricing adjustments.

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.

The times are changing. Due to pressure from the European Union, Hong Kong has issued the framework of how it proposes to change its long-cherished offshore taxation rules applicable to passive...

Malta's Commissioner for Revenue issued Legal Notice No. 229 of 2024 on 13 September, which amends the Income Tax (Deductions) Rules with respect to deductions in respect of capital expenditure...

The Hong Kong Inland Revenue Department (IRD) recently provided further guidance on the foreign-sourced income exemption (FSIE) regime by publishing four new frequently...

In 2024, there has been a sharp increase in the number of enforcement actions initiated by the Cayman Islands Tax Information Authority ("TIA") and fines levied against relevant entities...