11/19/2018
Brokers slapped with Rs7bln tax recovery notices
Official documents confirmed that the Regional Tax Office Karachi served notices to two trading right entitlement certificate holders for the recovery of seven billion rupees.
Tax
11/18/2018
Philippine tax amnesty law by year’s end?
Taxpayers who have availed of the tax amnesty shall be immune from the payment of taxes as well as any additional civil, criminal, and administrative penalties under the National Internal Revenue Code.
11/18/2018
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.
11/16/2018
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.
11/14/2018
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.
11/12/2018
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.
11/12/2018
New tax cuts increase disposable incomes of Chinese consumers
They are also part of a broader overhaul of China's individual income tax law.
11/07/2018
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.
11/07/2018
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.
11/04/2018
Moving together. Making tomorrow.
The taxpayer cannot choose the start year or applicable years as he or she wishes.
11/02/2018
Japan lands trove of offshore asset data to fight tax evasion
Half a million overseas accounts identified through reporting program
11/01/2018
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.
10/31/2018
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
10/30/2018
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.
10/29/2018
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.
10/26/2018
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.
10/24/2018
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.
10/24/2018
Chinese Film Companies Flee Desert Tax Haven
Official representatives of Khorgos and representative agencies were advocating the scheme.
10/22/2018
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
10/21/2018
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.