Implementation of the base erosion and profit shifting (BEPS) project initiatives is gathering speed, as governments in the Asia Pacific region introduce amendments to increase disclosure and transparency. This is likely to continue to be a key theme for 2016. Other trends reveal certain governments are looking to improve their efficiency of the tax collection system through greater use of technology.
Among other tax developments in the Asia Pacific region affecting financial institutions are the following items:
Read a February 2016 report [PDF 1.5 MB] prepared by the KPMG member firm in Hong Kong: General tax update for financial institutions in Asia Pacific (February 2016)
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