Over the past few months, much has been going on in the context of BEPS (Base Erosion and Profit Shifting), ranging from information exchange measures (Hong Kong, Malaysia and Singapore) to transfer pricing regulations (Vietnam, Singapore), which are highlighted in this edition of the Asia Tax Bulletin.
Of course, there have also been other tax developments which you will read about, such as the new tax rules for stock option incentive plans in the PRC, real property cooling measures taken by Hong Kong, India’s new tax treaty arrangements with Singapore and Cyprus, respectively, Indonesia’s decision to reduce the income tax rate on real property transactions, Japan’s 2017 tax reform plan, Malaysia’s tax proposals for 2017, and the first of four tax reform packages submitted by the Philippines government to parliament, among others.
