• In January's issue, we have included:

    Australia

    • Managed Investment Trusts: applying a 30 per cent withholding rate on residential and agricultural property
    • Extending the definition of a Significant Global Entity (SGE)
    • ASIC extends relief for foreign financial services providers
    • Australian government consults on Corporate Collective Investment Vehicle Bill

    Cayman Island

    • CIMA issues amendments to the AML Guidance Notes

    Hong Kong

    • SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines
    • Proposed changes to the funds tax exemption in Hong Kong

    India

    • Amendments in the long term capital gains tax

    Japan

    • Consumption tax amendments and transitional rules effective from October 2019
    • 2019 tax reform proposals for the financial services industry and real estate market

    Luxemburg

    • ALFI Real Estate Investment Fund (REIF) Survey available for download.

    Malaysia

    • Taxation of unit holders of Real Estate Investment Trust/Property Trust Funds
    • Qualifying expenditure and computation of industrial building allowance

    Singapore

    • Singapore parliament passes the Variable Capital Companies Bill
    • MAS publishes FAQs on definition of accredited investor and opt-in process
    • MAS guidelines on liquidity risk management practices for fund management companies

    South Korea

    • Debt Service Ratio (DSR) to be introduced as Household Debt Management Standard
    • Proposed changes to the overseas investment vehicle (OIV) regime in Korea
    • Financial measures to stabilize housing prices

    Thailand

    • New property tax in Thailand

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

    Jan 2019 - Regulatory and tax newsletterPDF
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