Managers of Wealth Asia Pacific

HMRC rules out Australian pension tax exemption

Australians don’t want to expose themselves to HMRC.

HK offers tax sweetener in bid to attract PE managers

Market participants see more private equity investment professionals setting up shop in Hong Kong following the extension of a profits tax exemption late last week.

How NRIs can claim tax benefits under DTAA

Non resident Indians residing in any of the DTAA countries can avail of tax benefits provided under DTAA by timely submission of the following documents.

GAAR provision to make way into India-Mauritius treaty

Prime Minister Narendra Modi had in March assured Mauritius that while working to prevent treaty abuse, India would not do anything that would harm the island nation’s financial sector.

New Zealand, Samoa Sign DTA

The agreement provides that income from dividends will be taxed at a maximum rate of five percent

Big changes to India-Mauritius DTAA?

Mauritius’ former finance minister claims that his country has given up the right to tax capital gains.

Australia Warns MNCs Against Using Offshore Marketing Hubs To Reduce Tax Burden

This follows allegations that offshore subsidiaries are being used by MNCs to shift out profits for reducing their tax bills.

Philippines, U.S. sign deal to implement FATCA

The automatic reporting of financial accounts is premised on the appropriate safeguard measures to ensure confidentially of information

India, US sign FATCA to fight offshore tax evasion

Under the agreement, banks, mutual funds, insurance, pension and stock-broking firms will report their American client details to the tax department for sharing with the USA, said a finance ministry official, who declined to be named.

Declare overseas assets, will be difficult to hide, says Revenue Secretary Shaktikanta Das

Armed with automatic information exchange pact with the US, government today asked persons holding undisclosed offshore assets to declare them before September 30 as it would be difficult to hide unaccounted assets in future.

Australia warns global firms using offshore 'marketing hubs'

Some marketing hubs previously identified by the ATO include Singapore and Switzerland.

Tax free bonds worth Rs 40,000-cr to hit street this fiscal

Experts believe the bonds will attract investors though they expect the returns to be lower than what was offered in 2013-14

ATO warns multinationals over use of Singapore, Swiss and other offshore hubs

The Australian Taxation Office has warned companies it will be focusing on money attributed to offshore marketing hubs and will use its stronger transfer pricing powers to go after them.

Australian Tax Office pays to fire, pays to hire

The ATO is looking to catch more big-time tax cheats by hiring new specialist public servants, just months after paying more than 400 of them tens of millions of dollars to leave.

MNCs park profit in Singapore, Hong Kong

Profit shifting is a perfectly legal way of moving the earnings of an MNC to a low-tax destination to avoid the clutches of a high-tax regime.

Black money compliance window open till Sept 30

Dues to be paid till December 31

I-T dept won’t verify foreign asset disclosures

Protection from further scrutiny to be limited to foreign income disclosed during compliance window

South Korea targets tax exemptions to spur overseas investment

South Korea plans to offer up to 10 years of tax exemptions for overseas stock investment funds as part of measures to boost its capital outflow to tackle a record current account surplus,

Govt to expand corporate tax discounts

The government is to offer corporate tax discounts in a revised tax holiday regulation, aiming to attract more investors and boost economic growth.

India, Thailand sign multiple agreements including double taxation avoidance treaty

India and Thailand on Monday signed a number of important agreements, including the double taxation avoidance treaty