In November's issue, we have included:

Australia

• Select corporate tax highlights of Australia’s budget

British Virgin Islands

• What You Need to Know About BVI Voluntary Liquidations

Cayman Islands

• New Regulatory Considerations for End of Year Liquidations

China

• Mainland China’s security assessment measures on cross-border transfers of data takes effect

Hong Kong

• A closer look at the new foreign-sourced income exemption regime

Malaysia

• Taxation of foreign source income: Guidelines on tax treatment in relation to income which is received from abroad

Singapore

• Circular on Enhancing Anti-Money Laundering and Countering the Financing of Terrorism Controls in the VCC Sector
• Commencement of New Requirements under the Corporate Registers (Miscellaneous Amendments) Act

United Kingdom

• Compliance with the UK register of overseas entities

Vietnam

• Amendments on a number of articles of decrees on Value Added Tax (VAT)

Lastly, we would like to thank our committee who helped putting together the newsletter. Details about this committee can be found here.

The Q3 2022 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released on 30 November 2022 and showed a total return of -4.88% for 8 funds.

Please provide feedback and comments to Justin Wong or Amélie Delaunay.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.27% in October 2022. The ACOE includes 19 funds with a total GAV of AUD 132.05 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Justin Wong if you have any questions regarding the Index.