09/28/2022
KPMG proposes tax offset, reform to boost gender equality
"The CARITO wouldn't be gender specific, but since women do most of the caring work it would be most beneficial to them."
Tax
09/13/2022
Leading investment management firm implements GBST’s Pre-Trade Tax Analyser
“Providing visibility to investment managers regarding the tax impact of a proposed trade prior to trading, is the only way managers can ensure these tax benefits are not inadvertently lost, and we are delighted that our patented solution will be us
09/07/2022
KPMG Launches Embedded Finance Hub in Singapore
«Embedding relevant financial services in the user journey of non-financial services industries can enhance convenience and value to both customers and businesses,» said the Monetary Authority of Singapore’s chief fintech officer Sopnend
09/02/2022
HKMA Releases the Guidelines on Auditor’s Report for Application for Certification of Funds for Carried Interest Tax Concession
The Auditor’s Report Guidelines set out the requirements and other matters in relation to the auditor’s report.
08/30/2022
Leo Wealth Opens Tokyo Office for US Tax Services
The new office will specifically focus on US income tax preparation and planning, tax compliance, and cross-border inheritance tax planning and tax-efficient outcomes.
07/21/2022
Big Four audit firms dangle higher pay to keep Singapore talent
The push by the city-state's biggest audit firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub, where firms from banks to technology companies are expanding
05/27/2022
Super-Rich Families Face Longer Wait for Tax Breaks in Singapore
Singapore has worked hard to attract some of the world’s wealthiest clans; its low taxes, relative safety and gradual re-opening of its borders have made it an ideal haven.
05/13/2022
Industry Taskforce Consults on Second Version of Green and Transition Taxonomy
The three sectors covered under this second version are part of the eight focus sectors3 that collectively account for close to 90% of ASEAN greenhouse gas emissions.
05/11/2022
Singapore: Additional Buyer Stamp Duty of 35% chargeable on the transfer of residential property into certain trusts with effect from 9 May 2022
By way of background, ABSD is imposed under the Stamp Duties Act 1939 (‘SDA’) on an agreement for sale
05/10/2022
Singapore’s latest tax targets super rich
“The new rule is targeted at the wealthy,” said Nicholas Mak, head of research at ERA.
04/27/2022
Beneficial ownership transparency: how to fix a serious secrecy loophole in the automatic exchange system
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements related to the Foreign Account Tax Compliance Act
04/25/2022
Making tax dispute resolution more effective
Andorra, Macau (China) and Tunisia ensure that MAP agreements can always be implemented notwithstanding domestic time limits.
04/14/2022
Singapore Family Offices Set to Face Tighter Tax Incentive Rules
In addition, such family offices must have a minimum of two investment professionals with a 1-year grace period for hiring the second professional and minimum local business spending of S$200,000, subject to tiered criteria based on the assets under manag
04/04/2022
Double taxation relief for Indian IT companies operating in Australia
Both the trade deal and changes to domestic Australian tax laws will come into effect once the Australian Parliament ratifies the deal after the general elections due in May are completed in Australia
04/04/2022
Are Hong Kong tax incentives for family offices ‘too little, too late’? Some lawmakers think so
It maybe too late as Singapore has offered tax waivers since 2020, lawmaker for accountancy constituency says
03/25/2022
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.
02/25/2022
Hong Kong financial industry hails tax breaks for family offices
The budget is for Hong Kong’s fiscal year which begins on April 1.
02/21/2022
Singapore plans a five-fold increase in carbon tax in 2024
The city-state is aiming to meet its zero-emissions target by 2050
02/18/2022
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.
02/18/2022
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.