PwC Financial Services Tax Publications

  • Insurance Tax Highlights – Asia Pacific
    China
    [PDF 915KB]

    The VAT reform - a wake-up call for the China insurance sector

    • The current state
    • The dream versus reality
    • The Golden Tax System
    • The way forward
  • Insurance Tax Highlights – Asia Pacific
    Australia
    [PDF 96KB]

    In this article, we highlight some of the key income tax developments affecting the insurance industry in Australia. It covers:

    1. Recent Australian Taxation Office activity relating to outstanding claims liabilities;
    2. Amendments to the thin capitalisation regime;
    3. Amendments to exemptions relating to dividends received from a foreign resident company;
    4. FATCA;
    5. Common Reporting Standards.
  • Insurance Tax Highlights – Asia Pacific
    Malaysia
    [PDF 84KB]

    Malaysian transfer pricing landscape - Spotlight on compliance
    In line with the increasing focus on transfer pricing in Malaysia, the Inland Revenue Board of Malaysia(IRB) introduced anew transfer pricing disclosure requirement in the corporate tax return for the financial year 2014, which now makes it mandatory for taxpayers to check the box as to whether transfer pricing documentation has been prepared for the particular year of assessment.

  • Insurance Tax Highlights – Asia Pacific
    Singapore
    [PDF 77KB]

    Singapore is recognised as a leading insurance hub in Asia-Pacific and home to many top global insurance players. It has an ecosystem comprising a strong brokers’ cluster, the largest captive community in Asia Pacific, a growing cluster of specialty players and the largest grouping of Lloyd’s syndicates outside of London. This ecosystem is self-reinforcing, creating a strong “clustering” effect that has been a key growth driver for Singapore’s insurance market.

  • Insurance Tax Highlights – Asia Pacific
    The Revised Insurance Code of the Philippines
    [PDF 101KB]

    On 15 August 2013, the President of the Philippines signed into law Republic Act No. 10607, which amends the 38-year old “Insurance Code of the Philippines” to strengthen and modernise the insurance industry in the country.

  • Insurance Tax Highlights – Asia Pacific
    Hong Kong Transfer Pricing Update
    [PDF 96KB]

    Transfer Pricing has been in the news again this year with a variety of publications by the OECD and national tax authorities, and because of the increasing number of transfer pricing audits around the region. With that in mind, we have dedicated this article to discussing the transfer pricing issues arising from perhaps the most commonly occurring related party transactions for insurance groups operating in Asia - head office and central service transactions.

  • Insurance Tax Highlights – Asia Pacific
    Establishment of insurance product sales subsidiaries by insurance companies in Korea
    [PDF 97KB]

    In this article, we provide a general overview of the tax considerations relevant to global insurers who are interested in establishing and operating an insurance sales company in Korea.

  • Asia pacific private equity tax 2013

    The fourth edition of Asia private equity tax provides insights into topical tax issues, trends and developments in the private equity industry throughout the region.

  • Sovereign Investment Funds

    Sovereign investment funds (SIFs) invest in a wide range of financial instruments across sectors and regions, With investment portfolios becoming ever more sophisticated and global, SIFs are increasingly exposed to tax considerations in investee countries; this exposure needs to be appropriately monitored and managed through careful planning and investment structuring.

    This paper discusses the key investment trends, including sectors and regions in which SIFs have been operating. It then goes on to analyze the tax risks associated with investments by foreign SIFs worldwide with particular focus on the following jurisdictions: North America, Africa, Asia, Europe and Latin America.

  • Asia Pacific insurance tax publication 2012

    The fifth edition of the Asia Pacific Insurance Tax News offers insights of the tax issues surrounding investments of insurance companies across Asia Pacific including Australia, China, Hong Kong, India, Indonesia, Japan, Korea, New Zealand, Singapore and Taiwan.

  • BCM Tax - A commentary on Banking and Capital Markets tax issues in Asia Pacific 2011

    BCM Tax, a publication by PwC’s Asia Banking and Capital Markets Tax Network covering the hot topics in international taxation and their impact in Asia Pacific. The lead article of this issue is "VAT / GST exemption: What it means for Financial Services".

  • Asia Pacific Insurance Tax News 2011

    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. The lead article of this issue is "FATCA: Assessing the implications for insurance companies in Asia".

  • Asia pacific private equity tax 2011

    Our journal is designed as an annual review of taxation issues affecting private equity firms and their investors in the Asia Pacific region.

  • BCM Tax - A Commentary on Banking and Capital Markets Tax Issues in Asia Pacific 2010

    BCM Tax, a publication by PwC’s Asia Banking and Capital Markets Tax Network covering the hot topics in international taxation and their impact in Asia Pacific. The lead article of this issue is "Thinking out of the box: the Asian holding company – A tax perspective".

  • Asia Pacific Insurance Tax News 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. The contents of this issue includes "Impact of certain 2010 tax reforms and the Supreme Court’s decision on pension benefits in Japan".

  • Asia Region Funds Passport

    Asia Region Funds Passport, a report prepared by PwC and the Australian based Financial Services Council, incorporates the views of leading funds management industry bodies and participants across the Asia region.

  • Sovereign Wealth Funds

    Sovereign Wealth Funds have become significant global investors, especially in the wake of the global financial crisis. Generally defined as state-owned investment funds that invest in a wide range of financial instruments, SWFs have increased their global footprint, investing in a wide array of assets across all global regions.

    The paper analyses the investment trends of foreign SWFs in Asia and the tax risks associated with foreign SWF investments in this region. We focus on the following jurisdictions: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.

  • Asia Pacific Private Equity Tax 2010

    We released the second issue of Asia Pacific Private Equity Tax, which is designed as an annual review of taxation issues affecting private equity firms and their investors in the Asia Pacific region.
    A broad range of specialist authors have provided insights into some of the many tax issues and opportunities that private equity firms and their investors will consider over the coming year; as well as an update on key tax developments for the industry in the region.

  • BCM Tax - A Commentary on Banking and Capital Markets
    Tax Issues in Asia Pacific 2009

    BCM Tax, a publication by PwC’s Asia Banking and Capital Markets Tax Network covering the hot topics in international taxation and their impact in Asia Pacific. The lead article of this issue is "Inadvertent Permanent Establishment – Implications for the banking and capital markets sector".

  • Asia Pacific Insurance Tax News 2009

    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. The lead article of this issue is "Transfer pricing risks in the risk business"

  • Emerging Trends in Real Estate® Asia Pacific 2010 - In the recession’s aftermath, Asia Pacific real estate markets are flashing positive signals

    Tokyo is among the top ten real estate markets for investment in 2010, according to the Emerging Trends in Real Estate® Asia Pacific 2010 report, released by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP (PwC).

  • The Day After Tomorrow

    While the unprecedented crisis of late 2008 revealed clear flaws in the banking system, the asset management sector was shown to be considerably more robust. Assets under management did shrink, of course, and individual cases of malpractice arose, but the reputation of many firms did not suffer unduly. Nevertheless, the consequences of the crisis on the sector are likely to be felt at a profound level and for a long time. Changes in regulations, investor preferences and within the industry itself will provide a range of opportunities and threats that no asset management firm can afford to ignore.

  • The future of banking: Point of View

    This paper looks at the future of the banking industry, the challenges the industry faces and the actions needed to address these in the short, medium and long term. We present a series of perspectives on the immediate ways banks can begin to build a sustainable and profitable future, concentrating on four distinct areas that will determine the shape of the new banks:

  • Asia Pacific Private Equity Tax 2009

    We released the first issue of Asia Pacific Private Equity Tax, which is designed as an annual review of taxation issues affecting private equity firms and their investors in the Asia Pacific region.
    A broad range of specialist authors have provided insights into some of the many tax issues and opportunities that private equity firms and their investors will consider over the coming year; as well as an update on key tax developments for the industry in the region.