Jan 2010
Responding to the impact of the global financial crisis, tax reform in the Asian region has been focussed on stimulating local economies to increase consumer and business spending, foreign investment and international competitiveness.
This report is designed to provide an overview of the major tax reforms that have taken place, or are proposed to take place, in each territory. The articles are prepared by the regional offices of PricewaterhouseCoopers:
- Australia: Tax breaks for investors
- China: Stiffening those anti-avoidance measures
- Hong Kong: Stimulus package brings tax concessions
- India: New code for direct taxes unveiled
- Indonesia: Reforms ease the corporate tax burden
- Japan: Foreign dividend exemption introduced
- Korea: Tax relief for foreign workers
- Malaysia: Mini budget brings tax relief
- Singapore: Tax code for exchange of information
- Taiwan: Income Tax Act revised
- Thailand: Easing tax to support economy
- Philippines: Tighter tax rules for lower tax
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Read more by downloading the Asia tax report - Economic stimulus needs are driving tax reform (pdf file, 416KB) for your reference.
This article is reproduced from its original publication entitled "Economic stimulus needs are driving tax reform" in the January 2010 issue of Asia Today International. Copyright 2010 by Asia Today International. Reprinted with permission. For more information, please visit: www.asiatodayinternational.com
