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

June 2012

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 discussion of the tax impact of liquidity measures introduced under the Basel III requirements that aim to strengthen the capital and liquidity position of banks. Specifically, we consider the tax and transfer pricing implications of liquidity reserve expenses for banks operating in Australia, Hong Kong, Japan and Singapore.
  • Recent developments across the Asia Pacific tax landscape, for example, tax challenges for foreign banks in China, introduction of advanced pricing agreement programme in Hong Kong, proposed retroactive application of indirect transfer taxation in India and tax changes in Australia, Indonesia and Taiwan.