Managers of Wealth Asia Pacific

Expats hit by China’s new individual income tax law

The new law states that the minimum threshold for personal income tax exemption will be raised from 3,500 yuan ($513) to 5,000 yuan per month or 60,000 yuan per year.

Malaysia continues tax break for sukuk issuance

The finance minister also announced that a Special Committee on Islamic Finance will also be set up to boost these efforts.

Moving together. Making tomorrow.

The taxpayer cannot choose the start year or applicable years as he or she wishes.

Japan lands trove of offshore asset data to fight tax evasion

Half a million overseas accounts identified through reporting program

China’s Ruihua CPAs confirms Crowe as exclusive global network

The exclusive membership of Ruihua CPAs in the Crowe network is a great achievement which will provide lasting value to our members.

Labor plans crackdown on deductions for travel to tax havens

Anyone wanting to claim back costs of visiting a designated tax haven would have to convince the tax commissioner

Applying for China’s DTA Benefits in Profit Repatriation

Other details in the DTA must also be satisfied to determine whether the applicant is qualified, and whether the applied benefits are eligible to be enjoyed.

Big banks and hedge funds face tax hit to their offshore banking units

The cost of the OBU tax break to the government has risen to $325 million a year, up from $200 million in 2013-14 and $160 million in 2006-07, according to Treasury figures.

New IBC regime approved to replace existing HQ regimes

The new regime will be called the International Business Center (IBC). The timeline for the repeal of the HQ regimes and the effective date of the IBC regime will be announced by the Ministry of Finance, working with the Council of State.

Taxmen investigating hidden assets overseas; several high net worth individuals on radar

In a number of cases, notices have been issued to individuals or business entities to explain their transactions, the officials said.

Chinese Film Companies Flee Desert Tax Haven

Official representatives of Khorgos and representative agencies were advocating the scheme.

How Hongkongers working in mainland China can avoid global income tax

As long as they do not have a home or a family there, a 30-day trip from the country every five years could be enough to avoid the extra levy

Papua New Guinea and OECD agree new 'Tax Inspectors Without Borders' partnership

The first deployment of Tax Inspectors Without Borders officials to Papua New Guinea is planned for early 2019.

Japan tax watchdog obtains data on 400,000 overseas accounts

Citizens reported only around 9,000 foreign accounts in 2016

Overview of tax law changes under new BEPS law

The Amendment Ordinance introduces rules for determining whether a person has a permanent establishment (PE) in Hong Kong (Schedule 17G).

ATO switchboard numbers spoofed as scammers get more sophisticated

This number may appear on caller ID, be left on voice mail messages for call backs, or directed by *69 for call back functionality

Tax havens refuse to cooperate with FBR

Pakistan is currently investigating data of three leaks about Pakistani offshore investments and — two leaks related to tax havens — Panama and Bahamas — which did not offer to share automatic information with Pakistan under the new tax

Discussion paper released on taxation of digital economy

Australia is committed to working with other countries, through the G20 and the OECD, to develop sustainable, multilateral responses to address the challenges to our tax systems arising from digitalization.

Tax Inspectors Without Borders making significant progress

Audits cover a cross-section of industry sectors including agriculture, construction, financial services, information technology and communications, hospitality, manufacturing and mining.

Chinese superstar hit with $129m tax evasion fine

X-Men actress skewered over so-called ‘yin-yang’ contracts used to avoid paying tax