Issue 51 - May 2019

BDO World Wide Tax News summarises recent tax developments of international interest across the world. 

In this issue:

• Asia Pacific
  • AUSTRALIA - Latest Resource Capital Funds court decision and impact on international structuring investments into Australia
  • CHINA - Various further tax reductions in China and related implementation issues
  • HONG KONG - Hong Kong introduces unified fund exemption regime
  • JAPAN - Revision of Japanese earnings stripping rules
  • MALAYSIA - Special Voluntary Disclosure Programme
  • SINGAPORE - Intellectual Property Hub and Wealth Management Hub changes
  • THAILAND - New International Business Centre regime
• Europe and the Mediterranean
  • THE NETHERLANDS
    • Dutch Supreme Court rules on application of dividend withholding tax exemption in relation to South Africa and The Netherlands
    • Multilateral Instrument adopted by Dutch Lower House and Senate
    • Fiscal Unity recovery legislation adopted by Dutch Lower House
    • No Deal Brexit - Dutch transitional tax law to be implemented
  • POLAND - Mandatory disclosure rules
  • SPAIN - Rented out real estate properties - European Commission opens infringement procedure against Spain
  • UNITED KINGDOM -  Profit fragmentation – New diverted profits tax for individuals, partners and SMEs
• Latin America
  • PANAMA - New Panamanian tax code
• Middle East
  • OMAN - Updates to Oman Income Tax Executive Regulation
• North American and the Caribbean 
  • CANADA - 2019 Federal Budget