Africa
Malaysia
Asia-Pacific
Asia-Pacific
Africa
Developing nations detail their experiences with BEPS, react to OECD work
Tax officials from 11 developing nations described the most common practices MNEs use to shift profits out of their countries, obstacles that prevent their countries from stopping these practices, and their reactions to the OECD/G-20 base erosion profit shifting (BEPS) project, responding to a UN request for . . .
Asia-Pacific
Asia-Pacific
Malaysia offers tax incentives to MNEs
Malaysia’s Ministry of International Trade and Industry on April 6 issued guidelines for setting up a Malaysian Principal Hub, which offers tax incentives such as low tax rates and customs-free imports to MNEs that create high paying jobs and meet other criteria, writes PwC in an April 6 alert. See, PwC.
Asia-Pacific
OECD holds Asia-Pacific regional meeting on BEPS
Tax officials from 21 Asia Pacific countries and organizations attended an OECD regional network meeting on base erosion and profit shifting (BEPS) designed to give more nations a voice in the development of OECD/G20 base erosion profiting shifting (BEPS) plan output. The meeting, held February 12–13 in Seoul, also . . .
Asia-Pacific
Malaysia 2015 budget expands incentives for business, lowers rates
Malaysia’s 2015 budget, announced October 10, includes a reduction to the corporate tax rate, an expansion of the list of items not subject to GST, corporate tax incentives, an extension of the statue of limitations for transfer pricing adjustments, and increased withholding for real property gains tax writes EY in an October 16 report. For details, see EY.
