Managers of Wealth Asia Pacific

Cambodia-Malaysia double tax agreement now in effect

The DTA was signed in September 2019 between minister Aun Pornmoniroth and Malaysian Minister of Foreign Affairs Saifuddin Abdullah.

Punit Renjen: Deloitte will double India workforce in 3 years

The India-focus is not a new phenomenon.

Japan a hard sell for bankers when taxman can take half

Years of deflation have driven Tokyo rents way down since the go-go days when the land under the Imperial Palace was supposedly worth more than all of California.

Financial services' biggest tax bills revealed

Other institutions with significant tax bills include IC Markets ($144 million), UBS Australia ($51 million), Challenger ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million).

Advice associations join forces

The alliance will allow AIOFP members to join TSA's tax agent association, TAI Practitioners, which complies with the Tax Practitioners' Board requirements.

Global tax evasion costs US$427b per year

The only way to fund the long-term recovery is by making sure our tax authorities have the power and support they need to stop corporations and the mega rich from not paying their fair share.

Shipton's tax bill under scrutiny

Each procurement had a value of $25,000, bringing the total tax bill for Shipton to $75,000.

Industry fund introduces tax incentive

To be eligible for the bonus, members must be an Intrust Super member for at least 12 months before transferring their savings to the pension account.

Singapore: Company tax residency status in a time of COVID-19

The Singapore tax residency status of a company may be important for various purposes including allowing the company to claim Singapore tax treaty benefits (1) and protection.

Offshore tax evaders raided

The customers of Euro Pacific are advised to create accounts using front companies in other tax havens, creating a web of arrangements that are difficult to trace.

Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico

The investigation has found that referral agents such as accountants and lawyers have been key to Euro Pacific’s operations

ISA calls for super tax reform

ISA claims more than 1.2 million Australians would see a boost in their super savings by increasing the LISTO to cover workers earning up to $45,000.

Thailand adds fresh tax breaks to stimulus to spur growth

Thailand, like most of the emerging market economies, is betting on an expansive fiscal policy to cushion the blow from the virus outbreak that's devastated its tourism and exports.

Illicit money stashed in foreign safe havens

Indians feared Swiss banks may share their data with the Indian government.

Filing 100 dodgy income tax returns earns TPB termination

The TPB terminated the agent’s registration and imposed a five-year non-application period.

Hong Kong: Tax authorities commence transfer pricing documentation compliance reviews

Transfer pricing rules were first introduced in Hong Kong via the Inland Revenue (Amendment) (No. 6) Ordinance 2018 in July 2018.

Tax-preferred status of super being placed at risk

The tax-preferred status of superannuation would be placed at risk if it was allowed to become a virtual “piggy bank” from which people could draw funds for any purpose they liked

Tax Incentives Raise Hong Kong's Shipping Finance Profile

New tax incentives to attract ship owners and lessors to Hong Kong will both enhance the jurisdiction's status as a key shipping leasing centre for the Asia-Pacific region.

Gov’t tax take seen to drop by 22% in 2020

Tax take from net incomes and profits, which accounts for the bulk of the BIR’s yearly collection, is seen dropping to P786.8 billion this year from P1.15 trillion in 2019.

The 30 largest accounting and advisory firms in Singapore

The usual suspects of RSM, BDO and Baker Tilly follow at a distance.