Tax Newsbites

Welcome to the August 2015 issue of Tax Newsbites.

This publication aims to share bite-sized information and updates from Singapore and around the region.

Some of the updates in this issue include:

  • The IRAS revised its website content to provide areas of focus for compliance and examples of specific compliance related mistakes and issues identified in its Compliance Focus Programmes.
  • The Australian  Treasury released exposure draft legislation to implement new OECD standards on transfer pricing documentation.
  • China's State Administration of Taxation announced new tax measures to support the One Belt, One Road initiative.
  • The Indian government has enacted rules for FATCA reporting and notified that the due date for 2014 reporting is 31 August 2015.