Managers of Wealth Asia Pacific

The Edge says: Imposing a tax on unsold and vacant properties will be a disaster

The QC scheme requires a development to be completed in five years and all units to be fully sold within two years of completion.

Hong Kong-Macao tax arrangement in force

For Macao residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macao tax, or by crediting the Hong Kong tax paid against the Macao tax payable in respect of the same income.

Tax haven residents hold $5.7 billion of cash in Australia

Residents of the Marshall Island and other tax havens hold $5.7 billion worth of deposits in Australia.

Singapore eyes 50% penalty for tax avoidance

People will only have one month to pay even if they appeal the fine

Draft tax Bill in Singapore seeks to implement COVID-19 related tax measures; proposes 50% surcharge on tax avoidance

Similar changes are being proposed in respect of the stamp duty anti-avoidance provisions.

Tax code revision centers on supporting post-pandemic recovery

The tax credit rate was set at 1 percent for big firms and up to 10 percent for small- and medium-sized firms.

The $250b idea to supercharge tax reform

A small flat tax on the $100 trillion in electronic transactions made each year would be simple and fair.

Bankers Shocked by 45% China Tax Rate Mull Leaving Hong Kong

The focus on Chinese taxes has intensified in recent weeks after state-owned enterprises in Hong Kong told workers who transferred from the mainland to declare their 2019 income so they can start paying taxes at home.

‘The world is getting smaller’: Global tax chiefs to focus on dodgy practitioners

Crafty tax agents and lawyers enabling offshore tax evasion and avoidance through dubious schemes have now been put on notice by a global group of tax chiefs.

India’s equalisation levy: Why the low-threshold digital services tax poses challenges for multinationals

Pillar One addresses taxing-rights allocation, profit allocation and nexus rules. In particular, it examines how to tax large multinationals that generate profits where they don’t have a traditional tax presence.

Asia Tax Awards 2020: Shortlist announced

The shortlist for the ITR Asia Tax Awards 2020 has been announced.

Global tax guide to doing business in...

This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations.

Beijing courts UK firms with tax benefits

Around 20 UK-based fund managers attended an online conference organised by the city of London and the Beijing Local Financial Supervision.

PwC Singapore launches new initiatives to support the community amidst COVID-19

To help individuals and organisations increase digital acumen and upskill, PwC Singapore is releasing, "Digital Fitness for the World" learning app to the public for free from 8 June 2020

ERS emerges as tax loophole for expats

Atlas Wealth Management managing director James Ridley said he has seen an increase in expats withdrawing their super for this reason.

ATO allows ERS access to New Zealanders

The ATO said funds do not have to confirm that outcome with the ATO.

Indonesia planning 10% tax on foreign digital services

The move was also aimed at boosting public revenue to help mitigate the impact of COVID-19 on Southeast Asia's biggest economy, it added.

Merging super funds guaranteed tax relief

Fahy welcomed the permanent tax relief, and said it had been in the association's sights for some time.

No change of mind for ERS

"The individual is often not aware of this error until they receive the application approval correspondence or the actual payment."

Hong Kong revises guidance on advance tax rulings

ings exchanged will be protected under the tax confidentiality provisions in the relevant tax treaty or convention.