Global Mobility: Regional Tax Round-Up

Mar 2017

The Regional Tax Round-Up is a quarterly series which highlights recent changes or hot topics affecting the personal income taxation of your internationally-mobile employees across the region.

 

Hong Kong

  • 2017/18 Budget proposes changes to salaries tax

India

  • Budget 2017 proposals expected to tighten compliance obligations and increase mobility costs
  • Employees Provident Fund Organisation (EPFO) clarifies that Singapore citizens covered under the India-Singapore bilateral comprehensive economic agreement (CECA) are not required to contribute to the Indian socialsecurity scheme

Japan

  • Non-permanent residents to be taxed on sale of personal property outside of Japan
  • Gift and inheritance taxation reforms affecting mobile employees – relief and more exposure

Malaysia

  • Inland Revenue Board of Malaysia (IRB) releases public ruling regarding taxation of income from employment aboard a ship

Singapore

  • 2017 Budget announcement includes a one-time personal income tax rebate

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