Managers of Wealth Asia Pacific

Switzerland yet to ratify tax avoidance agreement

After signing, the two sides had agreed to undertake internal procedures for ratification of the agreement.

Hong Kong’s MPFA backs tax break for voluntary contributions to pension fund

The MPFA applauds the plan, according to Cheng Yan-chee, its chief corporate affairs & executive director.

Hong Kong: Changes to double taxation relief under DTAs

Furthermore, uncertainties surrounding the Amendment Bill will likely require clarication by the Inland Revenue Department (IRD).

Vietnam's draft tax on unexplained incomes could lead to money laundering: legislators

National Assembly delegate Truong Trong Nghia said: “We should not impose a personal income tax on civil servants who fail to provide valid explanations for their assets, because the tax would only be levied on their legal incomes.”

Hong Kong: Changes to double taxation relief under DTAs

If the jurisdiction in which the individual performs the services maintains a DTA with Hong Kong, the taxpayer can opt to claim a foreign tax credit (FTC) on the income instead of taking the exclusion.

Hong Kong gives fintech measures the thumbs up

This is a means by which employers can offset long service and severance payments to employees by deducting the amounts from contributions made to the latter’s pension accounts.

CTU calls for sunlight on multinational corporate tax

"This bill is a good start, but we think we need to go further - in particular in addressing tax avoidance from the likes of Google and others without a taxable presence in New Zealand," Mr Huggard said today.

KPMG sells $2bn super admin business

KPMG will sell the business to OneVue, which said that the acuqisition will double its scale, funds under administration and super member administration revenues.

Australian Ethical underlying profit dips despite membership surge

At the time, the company said that in order to prevent similar pricing errors in the future, shareholders should expect an increase in staff expenses as part of increasing resources in operational, risk and compliance roles.

China’s SAT publishes new rules on beneficial owners

Bulletin 9 will apply to tax payment or withholding obligations that arise on or after 1 April 2018, and provides welcome clarifications on various aspects of the rules regulating BO status.

Tax the wealthy instead of burdening average Singaporeans with GST hike: Ex-NMP

The Minister also noted that the government has been tapping on the reserves over the last decade, but that we must dispense these resources “prudently” given the mature economy and aging population.

Singapore Is Hiking Its Sales Tax, but Not Until 2021 or Later

The bonus comes after Singapore's trade-reliant economy grew 3.6 percent in 2017, its best pace in three years.

China’s Anti-tax Avoidance Rules

Prior to 2008, a special purpose vehicle was the most common structure used by foreign companies to hold investments in China.

Private equity shaken by shock tax verdict

The Federal Court decision has thrown into question the tax treatment of limited partnerships, the preferred vehicle of funds managers globally, when investing in Australia.

Private groups and high net wealth families: A reflection on 2017 and beyond

Taxpayers in receipt of substantial income who have not filed returns or activity statements and taxpayers with offshore dealings in secrecy or low tax jurisdictions will continue to attract the ATO’s attention over the course of 2018.

ICOs in Singapore – Some Tax Consideration

The regulatory status of an ICO is now squarely on the agenda of those planning an ICO.

Taxmen cometh online in South-east Asia

Govts targeting e-commerce giants, ride-hailing apps and small traders

The changing consequences when using foreign trusts

The finalisation of the Determinations in this form is surprising, given that this view appears to be contrary to the established view of many in the market who have utilised foreign trust structures in a funds management or cross-border investment contex

CJP takes suo motu notice of laundered money in Swiss accounts

“The scope of the revised treaty is limited to the transactions that would be carried out from January 2018,”

The Zobel brothers’ more than P100-M taxable income

As record stockholder, PCD Nominee held 968.027 million BPI common shares, or 24.575 percent, for foreigners, and 395.461 million BPI common shares, or 10.04 percent, for Filipinos.