Ayesha Lau, Darren Bowdern, Justin Pearce and Michael Olesnicky of KPMG China explain how the Hong Kong government has changed tax rules in areas such as captive insurance and expense deductibility for payments to overseas companies to maintain its position as an attractive international financial centre in the Asia Pacific region.
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While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems