AGN Taxpresso: 2025 – Issue 4

AGN Taxpresso is a quarterly publication featuring content provided by AGN Asia Pacific Tax Committee members. Keep yourself and your clients in the know with:

• Up-to-date information on tax developments in Asia Pacific countries.
• Current corporate world issues and hot topics affecting the respective countries’ economies and global development – including insight into the potential impact this could have.
• Annual budget announcements.

In this issue…

AUSTRALIA

Owning Property in Australia – a guide for Foreign Residents. Foreign residents purchasing property in Australia face a distinct set of regulatory requirements and tax considerations, from FIRB approvals to ongoing compliance obligations. This overview highlights the key factors to understand before making an investment. Contributed by Julia Katrich, Ashfords.

SINGAPORE

Changi Airport Group v CIT – Another Perspective. The Changi Airport Group v CIT decision examined whether runways, taxiways, and aprons qualify as “plant” for capital allowances. The Court ruled they are “structures” and therefore ineligible. This paper reviews the judgment and offers an alternative perspective. Contributed by N Vimala Devi, BSL.