Managers of Wealth Asia Pacific

Foreign Investors Are Eyeing Luxury Aussie Real Estate

The rise in home prices will garner the most interest.

Banks now collecting information about non-resident customers to hand to tax authorities around the world

Australian residents with bank accounts overseas will need to ensure they are reporting the income from those accounts in their assessable income.

PH to sign tax pact with Brunei

The preparation of documents for the negotiations of a DTA with Cambodia will start by yearend, while those for Laos and Myanmar will be calendared next year, Cabreros said.

NZ to strengthen tax agreements with India, San Marino

The new TIEA with San Marino allows that requirement to be implemented.

Swiss cite India's strong data security laws for auto-sharing banking info

The fact sheet and the notification, published in German, also talks about Switzerland looking to explore greater access to Indian market

Lanka’s SC shoots down tax reforms

The court has asked the government to either change the bill or hold a nationwide referendum on the proposed legislation.

Hong kong singapore and china get tough tax havens

In an effort to create a ‘level playing field’, Asian economies are committing to new standards of transparency

Nigeria, Singapore sign agreement to curb double taxation

It operates in a remarkably open and transparent environment, with stable prices, and a per capita GDP higher than that of most developed Countries.

SMSF auditors merge

Collectively the merged firms will manage in excess of 12,000 SMSFs.

How to transfer Land Tax-Free Under New Thai Law

Land transferors would need to take several trips to each of the three agencies to seek clarification until they can be sure of completing a transaction.

How Indonesia Clears Doubts over Commitment in the Financial Sector Transparency

It will also clear doubts over Indonesias commitment to increasing transparency in the financial sector for taxation purposes.

Kenya signs tax deal with S. Korea

In addition, shareholders in such companies will be exempted from the taxes

‘Biggest tax settlement on record’: Duterte accepts Mighty’s P25-B offer

The government decided to settle with Mighty as it wanted “to avoid a long court battle that, as we saw in previous cases, could take years to resolve,” Duterte explained.

India clarifies income tax rule for NRIs

Foreign bank account details to be furnished only if NRI is seeking tax refunds and does not have a bank account in India

S. Korean gov’t to enhance tax crackdown on overseas card spending

The plan - which is one of the new government’s 100 major projects - is part of the government’s efforts to crack down any tax evasion attempts.

Questions remain over defined benefit schemes

This methodology makes no allowance whatsoever for the age of the pension recipient or the indexation arrangements of the pensions.

Banks set to fight state tax

The tax aims to raise $370 million over the next four years.

Falls in tax revenue weaken domestic resource mobilisation in developing Asia

In 2015, tax-to-GDP ratios in Asian countries ranged from 11.8% in Indonesia to over 32% in Japan, with all countries other than Japan and Korea below 18%, according to new data released by the OEC

Australia's multibillion-dollar legal tax avoidance loophole

The use of trusts to minimise tax is heavily skewed towards the wealthy.

The most recent CFC case in China

This is the most recent case on record of China enforcing CFC rules after the 2014 Shandong case and may predict a trend of strengthening anti-abuse mechanisms in line with the OECD BEPS action measures.