Managers of Wealth Asia Pacific

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.

India's taxmen make a 'FORCE'ful argument for new taxes

With tax collections falling at an alarming speed due to the lockdown, India's taxmen made recommendations to quick fix the fast-depleting coffers.

Proactive Perspective – It’s what’s needed most

Taxpayers should make an appointment at least two working days before visiting the IRAS office and are advised to raise inquiries digitally through the IRAS’ live chat function, email, or phone.

Proactive Perspective – It’s what’s needed most

For the tax clearance returns that are originally due to be filed with the IRAS in April 2020, the IRAS has announced that the deadline is now extended for one additional month.

ERS can be drawn from multiple funds: ATO

"An individual cannot apply for a determination to release super under the coronavirus early access arrangements where the super amount is held by the ATO," the organisation said.

India seeks Ratul Puri, father's bank details; Switzerland issues notices

There was no immediate response by Puri and his group regarding the Swiss government notices, though they have been denying association with the scam or any other wrongdoing