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- Proposed changes to transfer pricing laws and increased scrutiny by the Australian Tax Office (ATO)
- ATO details its views on source and fiscally transparent entities for inbound investors
- Government unveils plans to abolish tax free allowances for foreign nationals
- Final element of Investment Manager Regime announced
- Announcement of long-awaited changes to tax consolidation laws
| | - New VAT rules in China: the Shanghai VAT Pilot
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- Hong Kong faces peer pressure to sign standalone agreements on exchange of information
| | - Rulings on payments on computer software characterized as royalties
- Transfer of shares of a foreign company that indirectly held Indian assets not taxable in India.
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- Highlights of the earthquake recovery law and enactment of the 2011 Japan Tax reform proposals
- New tax treaties signed with Netherlands and Switzerland
| | - Creation of new middle corporate income tax bracket
- Introduction of new highest individual income tax rate
- Introduction of new documentation requirement for the application of tax treaties
- Cancellation of exempt status for interest income accrued on foreign currency denominated bonds issued in Korea
- Creation of legal framework for correlative adjustments of national tax and customs duty for import transactions
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- Provisions of 2012 Budget now in effect
- Proposed reduction in time period for tax audit
| | - Tax schemes and aggressive tax planning
- New Zealand / Hong Kong DTA in force
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- Enhancement of the Productivity and Innovation Credit scheme
- Enhancement of the merger and acquisition scheme
- Enhancement of double tax deduction for internationalization scheme
- Tax certainty of capital gains treatment on disposal of equity investments and vessels
- Promoting the financial, shipping and aviation sectors
- GST changes
| | - Disallowance of interest in debt push down arrangements
- Taiwan-Switzerland tax treaty enters into force
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- Tax relief measures for BOI-promoted companies affected by flooding
| | - Entitlement to VAT credit where enterprise is in breach of Enterprises and Investment Laws
- Invoice guidelines on real estate deals
- Conditions for application of VAT rate of 0%
- CIT deferral and reduction in 2011
- Recollection of import duties on imported raw materials
- Re-export of fixed assets imported to form fixed assets
- More severe penalty on unlawful quotation of goods and services in foreign currency or gold
- Law on Non-Agricultural Land Use Tax and the Law on Environmental Tax came into effect on 1 January 2012
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