Tax Newsbites

Welcome to the April 2016 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 the period 16 February 2016 to 15 April 2016 include:

  • The 2016 Budget Statement was delivered on 24 March 2016. 
  • The Income Tax (Amendment) Act 2016 was published on 11 April 2016.
  • The Income Tax (Amendment No. 2) Bill 2016 was published on 14 April 2016.
  • Australia: Australia has introduced a new 10% final withholding tax on the disposal of certain taxable Australian property by foreign residents.
  • China: The final stage of the B2V Reform will be rolled out from 1 May 2016.
  • India and UK: Country-by-country reporting regulations were introduced in the UK Budget 2016 and the India Union Budget 2016. 
  • US: The Internal Revenue Service and US Treasury proposed regulations that would treat debt instruments issued to related persons as equity in certain circumstances.

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Tax Newsbites

Tax updates for the period 16 February 2016 to 15 April 2016