Asia: Tax

The Federal Court of Australia has clarified the operation of section 707-145 of the Income Tax Assessment Act 1997, determining that a head company's choice to cancel the transfer of tax losses must be made in relation to the joining year. The judgment in Evolution Mining Limited v Commissioner of Taxation provides critical guidance on the timing requirements for cancelling automatic loss transfers in consolidated groups, confirming that choices made in later income years are ineffective.

Vietnam hat mit Dekret Nr. 255/2026/ND-CP sein Verrechnungspreissystem grundlegend modernisiert und an internationale OECD- und BEPS-Standards angepasst. Die neuen Regelungen erweitern die Definition verbundener Parteien, verschärfen Dokumentationspflichten und verstärken die Prüfung konzerninterner Finanzierungstransaktionen.

The Delhi High Court's recent ruling in the Ernst & Young U.S. LLP case has reignited the debate over cross-border employee secondments, determining that reimbursed salary costs constitute taxable technical services rather than mere fiscal pass-throughs. This decision, which closely mirrors the foundational Centrica India Offshore precedent, establishes that seconded employees who retain employment liens and social security benefits with their overseas entities remain employees of the foreign entity, thereb

The 2026–27 Budget's capital gains tax (CGT) reforms are the most significant recalibration of the investor tax base in 25 years. For gains accruing from 1 July 2027, the 50 per cent CGT discount available...

The Assessee1 transferred a depreciable capital asset and computed capital gain from it at INR 752.34 Crores in accordance with the provisions of Section 50 of the Income-tax Act, 1961 (‘the Act’).

The Australian Treasury has released a consultation paper on implementing a 30% minimum tax on discretionary trusts, announced in the 2026-27 Budget. This comprehensive analysis examines the proposed framework's implications, including CGT rollover relief for restructuring, treatment of corporate beneficiaries facing effective double taxation, and the complex interplay between federal tax law, trust law, and state transfer duty obligations.

Vietnam hat mit Dekret Nr. 255/2026/ND-CP sein Verrechnungspreissystem grundlegend modernisiert und an internationale OECD- und BEPS-Standards angepasst. Die neuen Regelungen erweitern die Definition verbundener Parteien, verschärfen Dokumentationspflichten und verstärken die Prüfung konzerninterner Finanzierungstransaktionen.

The Delhi High Court's recent ruling in the Ernst & Young U.S. LLP case has reignited the debate over cross-border employee secondments, determining that reimbursed salary costs constitute taxable technical services rather than mere fiscal pass-throughs. This decision, which closely mirrors the foundational Centrica India Offshore precedent, establishes that seconded employees who retain employment liens and social security benefits with their overseas entities remain employees of the foreign entity, thereb

Vietnam's new Decree No. 255/2026/ND-CP fundamentally transforms the country's transfer pricing landscape by expanding related-party definitions, strengthening documentation requirements, and aligning with OECD BEPS standards. How will these changes affect multinational enterprises and foreign-invested companies operating in Vietnam, and what steps should businesses take to ensure compliance before the 2026 implementation date?

インドの所得税制度は、過去60年以上の歴史のなかで最も広範かつ抜本的な構造改革を経験しました。2025年所得税法（IT Act, 2025）は、従来の1961年所得税法（IT Act, 1961）に代わるものであり、2026年4月1日に施行されました。さらに、本法には直接税中央委員会（CBDT）によって2026年3月20日に告示された2026年所得税Š

The quote sometimes attributed to Vladimir Lenin that “there are decades where nothing happens; and there are weeks where decades happen” seems particularly appropriate in relation to the 2026 Federal Budget.

The Australian Federal Budget for 2026-2027 introduces sweeping reforms to the tax system, including a controversial 30% minimum tax on discretionary trusts, abolition of the 50% CGT discount in favor of cost base ...