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In this issue, we have included:
Australia
• Australian federal budget update: Tax change to attract capital from overseas investors
China
• China new VAT rates and rules: Impact to real estate and construction industry
• China releases Five-year Plan for financial reform
• AMAC issues administrative rules on distribution of private funds
Hong Kong
• SFC issues circular on timetable for implementation of new professional investor regime
Japan
• The impact of recent amendments to the Article 63 exemption on partnership-type funds in Japan
Korea
• New legislation mandatory strengthened corporate governance standards on financial companies
Singapore
• MAS announces initiatives to boost fund management industry
Global
• New margin requirements for transactions in uncleared derivatives will affect real estate, infrastructure, private equity and microfinance fund managers in Asia
Lastly, we would like to thank our working group who helped putting together the Newsletter.
For details of this working group, please click here
May 2016 - Regulatory and tax newsletterPDFDownload