January 2019 - Regulatory and tax newsletter

28 Jan 2019

In January's issue, we have included:


  • Managed Investment Trusts: applying a 30 per cent withholding rate on residential and agricultural property
  • Extending the definition of a Significant Global Entity (SGE)
  • ASIC extends relief for foreign financial services providers
  • Australian government consults on Corporate Collective Investment Vehicle Bill

Cayman Island

  • CIMA issues amendments to the AML Guidance Notes

Hong Kong

  • SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines
  • Proposed changes to the funds tax exemption in Hong Kong


  • Amendments in the long term capital gains tax


  • Consumption tax amendments and transitional rules effective from October 2019
  • 2019 tax reform proposals for the financial services industry and real estate market


  • ALFI Real Estate Investment Fund (REIF) Survey available for download.


  • Taxation of unit holders of Real Estate Investment Trust/Property Trust Funds
  • Qualifying expenditure and computation of industrial building allowance


  • Singapore parliament passes the Variable Capital Companies Bill
  • MAS publishes FAQs on definition of accredited investor and opt-in process
  • MAS guidelines on liquidity risk management practices for fund management companies

South Korea

  • Debt Service Ratio (DSR) to be introduced as Household Debt Management Standard
  • Proposed changes to the overseas investment vehicle (OIV) regime in Korea
  • Financial measures to stabilize housing prices


  • New property tax in Thailand


Lastly, we would like to thank our committee who helped putting together the Newsletter. Details about this committee can be found here.


Jan 2019 - Regulatory and tax newsletter [PDF]