Managers of Wealth Asia Pacific

Consultation paper released on proposed tax concession for single family offices

After taking the comments into consideration, a tax amendment bill will be introduced to the Legislative Council.

Hong Kong financial industry hails tax breaks for family offices

The budget is for Hong Kong’s fiscal year which begins on April 1.

Singapore plans a five-fold increase in carbon tax in 2024

The city-state is aiming to meet its zero-emissions target by 2050

China's top finance minister vows more fiscal support ahead of party congress

China should allocate the proceeds from special-purchase local government bond sales to ensure the construction of key projects, Liu said.

Singapore Punts on Wealth Tax

That doesn’t mean Singapore’s wealthy will walk on paying their share of the city-state’s growing needs.

KPMG records strong growth in FY21 in the Middle East & South Asia region

KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021

China’s taxpayers on edge as Beijing tightens oversight with big data and artificial intelligence

China’s Golden Tax IV system will harness big data and artificial intelligence to form a web of information on taxpayers

China’s expat tax system: who pays and how does it work?

Chinese law stipulates that individuals who are domiciled in the mainland, or live in the country for a total of 183 days in a tax year, will be categorised as tax residents.

Down to brass tax

A better functioning international tax system is in everyone’s interest.

KPMG Records Strong Growth in FY21

The aggregate revenue of KPMG member firms in the Middle East & South Asia region grew by 7.8% in US dollar terms for FY21

PHILIPPINES: Government urged to tighten tax watch on private sector

The Department of Finance, for its part, warned that investors may be provoked to avoid taxes and, worse, leave the Philippines due to a tax regime that punishes wealth.

Thailand: Country-by-country reporting rules specify persons that are required to file reports

There are still a number of actions required by the Thai Revenue Department to fully implement the CbC reporting obligation

Australia: Corporate collective investment vehicles tax and regulatory framework introduced

The key policy objective of this CCIV measure is to increase the competitiveness of Australia’s managed fund industry through the introduction of an internationally recognizable investment structure.

The Big Read: As global clamour grows again to tax the rich more, Singapore weighs up the pros and cons

The International Monetary Fund earlier this year called for a wealth tax to compel the rich to pony up for Covid-19 costs.

Taiwan's taxation pact with Saudi Arabia takes effect

The agreement is the 34th taxation pact Taiwan has signed with another country, according to the MOF.

Malaysia: Changes made to service tax treatment of certain directors’ fees and allowances

Apart from the changes related to payments to NEDs, the updated professional services guide reflects a minor update regarding management services to add in regulatory exclusions from the category of taxable services that entered into effect on 1 September

Tax