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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 newsletterPDFDownload