Asia Pacific Insurance Tax News 2010

Asia Pac Insurance TaxNews(Nov-2010)

PwC's Asia Pacific Insurance Tax News is a periodic publication that offers insights into topical tax issues in the insurance industry in the Asia Pacific region.

Australia:
Tax consolidation opportunities for insurance groups
China:
Tax challenges ahead for foreign insurers
Observations on transfer pricing for insurers operating in China
Hong Kong:
Tax treaty development – How would it help insurers operating in Hong Kong?
India:
New Direct Taxes Code, 2010 –Revised proposals affecting the insurance sector
Indonesia:
Potential tax implications of the new accounting standard for Sharia Insurance
Japan:
Impact of certain 2010 tax reforms and the Supreme Court’s decision on pension benefits
Korea:
K-IFRS implementation and the tax impact on equalisation reserves
Malaysia:
The ‘perfect storm’ of GST issues facing non-life and life insurers
New Zealand:
Impact of GST rate change for insurers
Philippines:
Tax breaks for life insurance
Singapore:
Application of the Productivity and Innovation Credit Scheme to insurers
Taiwan:
Recent tax developments affecting insurers
Thailand:
Tax-accounting differences: New challenge for insurance businesses in light of the development of new accounting standards