Tax Newsbites

Welcome to the August 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 July 2016 to 31 August 2016 include:

  • The Inland Revenue Authority of Singapore (IRAS) provided a list of documents that may be submitted to substantiate that the underlying tax has been paid on the income out of which foreign sourced dividend is paid.
  • Australia: The Australian Tax Office has proposed a rating assessment scale for marketing and procurement hub arrangements.
  • India: The protocol to the India-Mauritius tax treaty entered into force on 19 July 2016.
  • Indonesia: The Indonesian Ministry of Finance issued regulations regarding the Tax Amnesty for taxpayers that indirectly hold assets through a Special Purpose Vehicle which is effective from 23 August 2016. The Indonesian Director General of Tax issued the implementing regulation of the Tax Amnesty Law on 29 August 2016.



Tax Newsbites

Tax updates for the period 16 July 2016 to 31 August 2016