In this issue, our feature article our feature article delves on Singapore’s 2018 budget, especially the Budget’s focus on fostering the island nation’s position to develop into an enterprise, innovation and R&D hub. Specific enhancements to three existing schemes were made to facilitate this.
Meanwhile, our Malaysian colleagues look at the common pitfalls during tax audits given the increased tax compliance activities in the country. Our team has highlighted three common areas of dispute between the authorities and the taxpayers, to look out for.
In Indonesia, we take a closer look at the tax treatment that affects all upstream oil and gas operators or Production Sharing Contracts. Termed as Government Regulation No. 53 Year 2017 (GR-53), it mandates the adoption of a new gross-split method.
Read more as we continue to delve into the key tax developments in the region.