Australia
- 2007 budget.
- Superannuation changes.
China
- Scope of VAT credit extended to central region.
Hong Kong
- Interest on loans to fund dividend payments—court holds deductible.
India
- Amendments to budget announced.
Indonesia
- New investment law announced.
- Exemption of import duty on heavy equipment extended.
Japan
- Repo transaction—court holds to be treated as sale.
Korea
- Simplified tax system proposed.
- Tax exemption on dividend income derived from local funds extended to overseas listed shares.
- Capital gains on sale of shares of domestic company by a non-resident eligible for exemption available under tax treaty.
New Zealand
- 2007 budget.
Taiwan
- Treaty benefit to foreign mutual funds to be available on the basis of residency certificate.
- Inspection service—not Taiwan sourced income.