Managers of Wealth Asia Pacific

As wealthy Koreans flock overseas in search of greener pastures, experts blame inheritence tax

The exodus of affluent Koreans is expected to result in an outflow of approximately $15.2 billion in assets.

James Russell discusses how recent tax legislation changes firmly establish Hong Kong as a global leader for family offices.

After seeing the success of family office incentivisation in Singapore, Hong Kong launched its own tax concessions in 2023 to simplify the process for application

Michael Velten Launches Velten Advisors

Velten Advisors offers bespoke, commercially grounded advice, combining technical insight with digital tools to help clients navigate complex tax and governance challenges with greater clarity and confidence.

Seizing the reinvention potential: PwC launches new immersive business technology experience

The first iteration of this space has been designed in collaboration with PwC alliance partner Microsoft.

New global minimum tax rules set to start in Hong Kong in 2025

In response to stakeholders’ feedback, the Government is following up with some changes to its tax administration regime.

Tax and business insights from Hong Kong’s latest Policy Address

By capitalising on the advantages of “One Country, Two Systems,” Hong Kong aims to strengthen its financial, shipping and trade sectors while fostering innovation and collaboration within the Greater Bay Area.

A review of the tax regimes in Singapore and Hong Kong

The position can be improved even further for those who wish to manage their investments from Singapore.

China is now enforcing offshore income tax. Should private bankers be worried?

“Offshore income has largely been ignored by the tax authorities, but, obviously, that is changing,” a Hong Kong-based wealth advisor told APB.

Ultra wealthy to feel tax crunch on overseas gains

They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets

Banking as a Service poised to transform Thailand’s financial ecosystem, PwC Thailand says

The opportunities are growing, but how businesses address the challenges of adopting BaaS will be essential for success.

ANZ Bank CEO’s Shameless Self Interest: This Is Why People Hate Bankers

The reason Watson is promoting a capital gains tax is so families are even further incentivised to park their nest eggs under the roofs of their family home.

Deloitte and RFO: SFOs Lack NextGen Confidence

Nearly seven in 10 respondents (69 percent) expect the next generation to lead their family office in Asia Pacific post-succession, according to a report by Deloitte Private and Raffles Family Office.

New Zealand to enforce OECD tax reporting frameworks by 2026

The measure aims to prevent tax evasion by ensuring firms provide information on transactions in digital assets.

New CFC Taxation Ruling That Impacts Offshore Trustees – A Backdoor to CRS?

MOF indicates that this new ruling is to supplement the ruling dated 4 January 2024 that imposes Alternative Minimum Tax (AMT) on the settler/beneficiaries of offshore trusts when CFC is involved.

6 family office funds tied to Singapore launder case got tax breaks

Benefits won't be clawed back

Thailand mulls shorter holding period for tax-deductible equity mutual funds, report says

Thailand has introduced various tax-deductible mutual fund schemes over the years to encourage retail investors to invest for the long term.

Foreign Investment Funds tax regime creating a financial barrier?

Unpacking the challenges and consequences of the FIF tax settings

HK Budget 2024-25: A Closer Look at the Tax Reforms

According to the government, this change will primarily affect some of the city's wealthiest individuals, impacting around 12,000 taxpayers

Hong Kong to enhance family office tax breaks

Budget 2024 revealed further enhancements to preferential tax regimes for family offices, which includes increasing more types of qualifying transactions.

Singapore Budget 2024: Extension and Refinement of Singapore Fund Tax Incentive Schemes

One key enhancement to the Resident Fund Tax Incentive Scheme with effect from 1 January 2025