BCM Tax

A Commentary on Banking and Capital Markets Tax Issues in Asia Pacific

November 2011

BCM Tax, a publication by PwC's Asia Banking and Capital Markets Tax Network, covers the hot topics in international taxation and their impact in Asia Pacific. This issue includes:

A review of the impact of indirect taxation as it relates to the banking sector, and explore if the exemption regime in GST / VAT systems indeed confers a tax advantage on banks over the non-bank taxpayers. We will also consider how some countries in Asia Pacific alleviate the cost of what would otherwise be irrecoverable input tax through various mechanisms; and
Recent developments across the Asia Pacific tax landscape, for example, real estate investment trusts (the Philippines), Islamic finance (Indonesia) and more generally the opportunities for tax reform (Australia) and the expansion of treaty network (Hong Kong and Taiwan).

Of further interest

Previous issue

© 2011-2012 PricewaterhouseCoopers. All rights reserved.
"PricewaterhouseCoopers" and "PwC" refer to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgement or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm's professional judgement or bind another member firm or PwCIL in any way.