Asia Pacific Insurance Tax News - November 2009
Insurance is a unique business and unique tax laws are often required to cater to the peculiarities of the insurance business. Yet most lawmakers and tax authorities find the business hard to understand. It has been made more difficult by the rapid and widespread implementation of global regulatory and accounting changes as most Asia Pacific countries attempt to follow global best practice. The result is often new tax regimes being introduced with unintended tax consequences. And even when new tax laws are issued to fix old issues, they either take too long to happen or sometimes end up getting it wrong. It is therefore important that insurers stay abreast of tax changes and actively manage the tax risks and challenges they face.
In this issue of Asia Pacific Insurance Tax News, our specialists from nine Asia Pacific countries will share with you some of these tax changes and challenges.
If you would like to discuss further any of the issues raised, please contact the individual authors or contacts listed after each article, our country leaders listed at the back of this publication or your regular contact at PricewaterhouseCoopers. We look forward to your feedback.
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In this issue of Asia Pacific Insurance Tax News, our specialists from nine Asia Pacific countries will share with you some of these tax changes and challenges.
If you would like to discuss further any of the issues raised, please contact the individual authors or contacts listed after each article, our country leaders listed at the back of this publication or your regular contact at PricewaterhouseCoopers. We look forward to your feedback.
