Managers of Wealth Asia Pacific

Beijing courts UK firms with tax benefits

Around 20 UK-based fund managers attended an online conference organised by the city of London and the Beijing Local Financial Supervision.

PwC Singapore launches new initiatives to support the community amidst COVID-19

To help individuals and organisations increase digital acumen and upskill, PwC Singapore is releasing, "Digital Fitness for the World" learning app to the public for free from 8 June 2020

ERS emerges as tax loophole for expats

Atlas Wealth Management managing director James Ridley said he has seen an increase in expats withdrawing their super for this reason.

ATO allows ERS access to New Zealanders

The ATO said funds do not have to confirm that outcome with the ATO.

Indonesia planning 10% tax on foreign digital services

The move was also aimed at boosting public revenue to help mitigate the impact of COVID-19 on Southeast Asia's biggest economy, it added.

Merging super funds guaranteed tax relief

Fahy welcomed the permanent tax relief, and said it had been in the association's sights for some time.

No change of mind for ERS

"The individual is often not aware of this error until they receive the application approval correspondence or the actual payment."

Hong Kong revises guidance on advance tax rulings

ings exchanged will be protected under the tax confidentiality provisions in the relevant tax treaty or convention.

India's taxmen make a 'FORCE'ful argument for new taxes

With tax collections falling at an alarming speed due to the lockdown, India's taxmen made recommendations to quick fix the fast-depleting coffers.

Proactive Perspective – It’s what’s needed most

Taxpayers should make an appointment at least two working days before visiting the IRAS office and are advised to raise inquiries digitally through the IRAS’ live chat function, email, or phone.

Proactive Perspective – It’s what’s needed most

For the tax clearance returns that are originally due to be filed with the IRAS in April 2020, the IRAS has announced that the deadline is now extended for one additional month.

ERS can be drawn from multiple funds: ATO

"An individual cannot apply for a determination to release super under the coronavirus early access arrangements where the super amount is held by the ATO," the organisation said.

India seeks Ratul Puri, father's bank details; Switzerland issues notices

There was no immediate response by Puri and his group regarding the Swiss government notices, though they have been denying association with the scam or any other wrongdoing

New changes to India's tax residency rules: impact on wealthy families

With effect from April 1, 2020 the threshold for residence was supposed to go down to 120 days (from 182 days) and Indian citizens living in zero tax countries risked being deemed residents of India.

World Tax Advisor, featuring special COVID-19 section

These measures, which vary in magnitude and scope, are intended to mitigate the economic and fiscal effects on businesses and individuals.

Indonesia's tax office ready to go door-to-door

The tax office is encouraging taxpayers to file their SPTs online as it has suspended direct face-to-face services in compliance with the government's social distancing policy to help limit the spread of COVID-19.

Australian Tax Office cracks down on wealthy tax dodgers

ATO research shows a number of high wealth private groups are deliberately engaging in risky behaviour, including "seeking to engage in artificial and non-commercial arrangements that are intentionally designed to avoid paying tax".

ATO to focus attention on wealthy cheats

To ensure compliance at the top end, from July 1 the ATO will expand the work of the Tax Avoidance Taskforce and introduce a new program focusing on high wealth private groups.

Tax legislation enacted, including changes affecting Labuan entities

Labuan entities carrying on a Labuan business activity that is a Labuan trading activity generally are taxed at 3% of their net audited accounting profits

CFO Sentiment | Edition 8

Rising uncertainty is challenging Australian CFOs and impacting their confidence about the financial prospects of their businesses going forward.