Singapore – Malaysia MLI amendments came into force on June 01, 2021

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") enables participating jurisdictions to swiftly implement a series of tax treaty measures to…

Continue ReadingSingapore – Malaysia MLI amendments came into force on June 01, 2021

Taiwan’s tax authorities announced on-site reviews to validate the correct implementation of the Common Reporting Standard

On May 25th, 2021 the Ministry of Finance (“MOF”) announced in a press release (please see Taiwan Ministry of Finance in Chinese) amendments to certain provisions of their Common Reporting…

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Singapore – Simplified CRS and FATCA Registration and Filing Requirements for Qualified Personal Investment Companies PICs

On May 12, 2021 the Inland Revenue Authority of Singapore (IRAS) informed that (PICs) that meet certain criteria may qualified for a simplified CRS and FATCA registration and reporting. More…

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Philippines streamline their processes for non-resident taxpayers seeking to apply tax treaty benefits

The Bureau of International Revenue releases REVENUE MEMORANDUM ORDER NO. 14-2021 (The Memorandum) to streamline their processes and documentation requirements for non-resident taxpayers seeking to apply income tax treaty benefits…

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