The Chinese authorities have confirmed that VAT relief for corporate restructuring is now possible, but there are still some uncertainties about what is available.
Taxpayers can breathe a sigh of relief and begin planning for the future after today’s Indian budget delivered a great deal of certainty for the future of the corporate tax system, though measures on the taxation of foreign dividends are not as appealing as they look and companies operating in special economic zones (SEZs) will have to pay more tax.
The Singapore Court of Appeal has issued a ruling that will assist taxpayers in determining whether an asset constitutes a plant when making a capital allowance claim.
Singapore tax professionals got what they wished for as the annual budget delivered incentives and R&D initiatives to boost the country’s competitiveness in the region.
India’s taxpayers are expected to vent their anger towards the government later this month after many fear yet another delay in the implementation of a goods and service tax (GST) will be confirmed in the country’s budget.
