Managers of Wealth Asia Pacific

Accounting firms, professionals to get $8 million lifeline to cope with Covid-19 impact

Last year, ISCA rolled out a similar support package of $3.6 million for the accountancy sector.

Will Covid-19 kill your Hong Kong Offshore Company?

In their country of tax residence some Hong Kong Oshore Companies owners are declaring the opposite than what they are telling to Hong Kong tax authorities

Japan gets details on 2 million offshore accounts to combat tax evasion

The tax agency said it has already received information as of Jan15 on 2.19 million accounts in the year starting July.

Asset Management Update

Carried Interest 0% Tax Concession – Hong Kong

Hong Kong’s latest proposal for 0% carried interest tax on Private Equity Funds

This will be an enhancement and development for the private equity hub in Hong Kong

Asia Tax Bulletin - Winter 2020/21

We have also seen countries take measures to ensure related-party transactions comply with the arm’s-length principle

Govt creates special unit in I-T dept for probe into undisclosed foreign assets

The new units will also probe cases of Indian entities named in global tax document leaks like the Panama Papers

Cambodia-Malaysia double tax agreement now in effect

The DTA was signed in September 2019 between minister Aun Pornmoniroth and Malaysian Minister of Foreign Affairs Saifuddin Abdullah.

Punit Renjen: Deloitte will double India workforce in 3 years

The India-focus is not a new phenomenon.

Japan a hard sell for bankers when taxman can take half

Years of deflation have driven Tokyo rents way down since the go-go days when the land under the Imperial Palace was supposedly worth more than all of California.

Financial services' biggest tax bills revealed

Other institutions with significant tax bills include IC Markets ($144 million), UBS Australia ($51 million), Challenger ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million).

Advice associations join forces

The alliance will allow AIOFP members to join TSA's tax agent association, TAI Practitioners, which complies with the Tax Practitioners' Board requirements.

Global tax evasion costs US$427b per year

The only way to fund the long-term recovery is by making sure our tax authorities have the power and support they need to stop corporations and the mega rich from not paying their fair share.

Shipton's tax bill under scrutiny

Each procurement had a value of $25,000, bringing the total tax bill for Shipton to $75,000.

Industry fund introduces tax incentive

To be eligible for the bonus, members must be an Intrust Super member for at least 12 months before transferring their savings to the pension account.

Singapore: Company tax residency status in a time of COVID-19

The Singapore tax residency status of a company may be important for various purposes including allowing the company to claim Singapore tax treaty benefits (1) and protection.

Offshore tax evaders raided

The customers of Euro Pacific are advised to create accounts using front companies in other tax havens, creating a web of arrangements that are difficult to trace.

Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico

The investigation has found that referral agents such as accountants and lawyers have been key to Euro Pacific’s operations

ISA calls for super tax reform

ISA claims more than 1.2 million Australians would see a boost in their super savings by increasing the LISTO to cover workers earning up to $45,000.

Thailand adds fresh tax breaks to stimulus to spur growth

Thailand, like most of the emerging market economies, is betting on an expansive fiscal policy to cushion the blow from the virus outbreak that's devastated its tourism and exports.