Managers of Wealth Asia Pacific

Tax-ing the untaxed in Malaysia

Moving forward, the focus will be on capturing the money lost by the country due to tax evasion estimated at a mind-blowing RM47bil between 2015 and 2016.

Implications of CRS regulations on expatriates and financial institutions

The financial institutions will then report the information to Taiwan tax authorities who will in turn pass the information to tax authorities in reportable jurisdictions where expatriates are residents.

Last chance for non-compliant taxpayers to come clean, says EY

He said it was crucial for them to disclose their source of funds before the IRB receives such information through exchange of information measures.

The ex-wife, the offshore bank accounts and the $14 million tax bill

Now the fallout has spilled into public view after Ms Doyle applied for a stay in proceedings in the NSW Supreme Court where the tax office has lodged a statement of claim against her over a $14 million tax bill.

New tax cuts increase disposable incomes of Chinese consumers

They are also part of a broader overhaul of China's individual income tax law.

Expats hit by China’s new individual income tax law

The new law states that the minimum threshold for personal income tax exemption will be raised from 3,500 yuan ($513) to 5,000 yuan per month or 60,000 yuan per year.

Malaysia continues tax break for sukuk issuance

The finance minister also announced that a Special Committee on Islamic Finance will also be set up to boost these efforts.

Moving together. Making tomorrow.

The taxpayer cannot choose the start year or applicable years as he or she wishes.

Japan lands trove of offshore asset data to fight tax evasion

Half a million overseas accounts identified through reporting program

China’s Ruihua CPAs confirms Crowe as exclusive global network

The exclusive membership of Ruihua CPAs in the Crowe network is a great achievement which will provide lasting value to our members.

Labor plans crackdown on deductions for travel to tax havens

Anyone wanting to claim back costs of visiting a designated tax haven would have to convince the tax commissioner

Applying for China’s DTA Benefits in Profit Repatriation

Other details in the DTA must also be satisfied to determine whether the applicant is qualified, and whether the applied benefits are eligible to be enjoyed.

Big banks and hedge funds face tax hit to their offshore banking units

The cost of the OBU tax break to the government has risen to $325 million a year, up from $200 million in 2013-14 and $160 million in 2006-07, according to Treasury figures.

New IBC regime approved to replace existing HQ regimes

The new regime will be called the International Business Center (IBC). The timeline for the repeal of the HQ regimes and the effective date of the IBC regime will be announced by the Ministry of Finance, working with the Council of State.

Taxmen investigating hidden assets overseas; several high net worth individuals on radar

In a number of cases, notices have been issued to individuals or business entities to explain their transactions, the officials said.

Chinese Film Companies Flee Desert Tax Haven

Official representatives of Khorgos and representative agencies were advocating the scheme.

How Hongkongers working in mainland China can avoid global income tax

As long as they do not have a home or a family there, a 30-day trip from the country every five years could be enough to avoid the extra levy

Papua New Guinea and OECD agree new 'Tax Inspectors Without Borders' partnership

The first deployment of Tax Inspectors Without Borders officials to Papua New Guinea is planned for early 2019.

Japan tax watchdog obtains data on 400,000 overseas accounts

Citizens reported only around 9,000 foreign accounts in 2016

Overview of tax law changes under new BEPS law

The Amendment Ordinance introduces rules for determining whether a person has a permanent establishment (PE) in Hong Kong (Schedule 17G).