Managers of Wealth Asia Pacific

SMSF auditors merge

Collectively the merged firms will manage in excess of 12,000 SMSFs.

How to transfer Land Tax-Free Under New Thai Law

Land transferors would need to take several trips to each of the three agencies to seek clarification until they can be sure of completing a transaction.

How Indonesia Clears Doubts over Commitment in the Financial Sector Transparency

It will also clear doubts over Indonesias commitment to increasing transparency in the financial sector for taxation purposes.

Kenya signs tax deal with S. Korea

In addition, shareholders in such companies will be exempted from the taxes

‘Biggest tax settlement on record’: Duterte accepts Mighty’s P25-B offer

The government decided to settle with Mighty as it wanted “to avoid a long court battle that, as we saw in previous cases, could take years to resolve,” Duterte explained.

India clarifies income tax rule for NRIs

Foreign bank account details to be furnished only if NRI is seeking tax refunds and does not have a bank account in India

S. Korean gov’t to enhance tax crackdown on overseas card spending

The plan - which is one of the new government’s 100 major projects - is part of the government’s efforts to crack down any tax evasion attempts.

Questions remain over defined benefit schemes

This methodology makes no allowance whatsoever for the age of the pension recipient or the indexation arrangements of the pensions.

Banks set to fight state tax

The tax aims to raise $370 million over the next four years.

Falls in tax revenue weaken domestic resource mobilisation in developing Asia

In 2015, tax-to-GDP ratios in Asian countries ranged from 11.8% in Indonesia to over 32% in Japan, with all countries other than Japan and Korea below 18%, according to new data released by the OEC

Australia's multibillion-dollar legal tax avoidance loophole

The use of trusts to minimise tax is heavily skewed towards the wealthy.

The most recent CFC case in China

This is the most recent case on record of China enforcing CFC rules after the 2014 Shandong case and may predict a trend of strengthening anti-abuse mechanisms in line with the OECD BEPS action measures.

India discusses tax info exchange with global joint task force to plug evasion

Collaboration with JITSIC has been useful for India in its fight against offshore tax evasion.

Indonesia's Bank Mandiri makes private banking push in Singapore

Both countries are signatories to the Automatic Exchange of Financial Account Information (AEOI) led by the Organisation for Economic Cooperation and Development.

Non-resident Indians face tough new disclosure rules

To date, only resident Indians have been required to supply any bank account details held outside of India.

Swiss, Singapore to Share Data

The move is significant because the U.S. for example has been vocal about seeking out so-called Swiss bank leavers.

Deloitte, KPMG & PwC in close race to acquire BMR Advisors

A detailed questionnaire sent to BMR, KPMG, Deloitte and PwC did not elicit any response.

PH tax reform to burden ‘ultra rich’ Filipinos

The shift is said to benefit in building a booming middle class to establish an adherent and sustainable progress of the country.

Indonesia to Look at Money Held in Singapore

The Indonesian Finance Minister estimates that the country's wealth parked overseas amounted to as much as $74.68 billion.

As singapore executes on beps, expect heightened tax transparency

CbCR was introduced to improve transparency.