Asia Pacific Tax Notes 2013 Asian Tax and Advisory Webcast Series

Asia Pacific Tax Notes 

Asia Pacific Tax Notes

Want to know more about the General Anti-Avoidance Rule (GAAR) in the
Asia Pacific region?


  • Some examples:


    Certainty of application,independent
    panel, safe harbour provisions,
    checks and balances ......

  • GAARs in the region
    often require

    (1) identification of a scheme, an arrangement or a transaction;
    (2) quantification of a tax benefit and
    (3) application of the purpose test.

  • - Penalties

    - Advisory GAAR panel

    - Burden of proof
    - Advance clearance

  • Increasing prevalence of GAARs in the region
    means taxpayers should plan carefully for their
    international mergers and acquisitions, sophisticated
    group structuring arrangements and claims of
    treaty benefit.

 

Lead article

Look into the developments of General Anti-Avoidance Rule (GAAR) in the region and how these developments may impact both local and international investors.

The article starts with a discussion of the foundation and desirable features of a codified GAAR before going into the notable characteristics of GAARs in various jurisdictions in the region, including Australia, China, Hong Kong, India (proposed), New Zealand and Singapore. The article concludes with key remarks to taxpayers. More...

Asia Pacific Tax Notes - Issue 25, June 2012 (pdf file, 1.5MB)
Download full edition

Territory news

Hong Kong
  • The 2012-13 Hong Kong budget
  • Legislative amendments for implementing two profits tax incentives
  • Profits tax deduction for recharge of sharebased payments
  • Launch of advance pricing arrangement programme in Hong Kong
  • Developments of treaty network
Hong Kong PDF extract
  
China
  • Challenges from the Chinese tax authorities on equity transfer transactions conducted by non-tax resident enterprises (Non-TREs)
  • First thin capitalisation audit case settled in China
  • Timing of withholding obligation in respect of dividend paid to non-TREs
  • Pilot programme of indirect tax reform in Shanghai
China PDF extract

Contacts

For everything you need to know, just contact one of our regional professional.

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