31 March 2017

SINGAPORE – Key Legislative Amendments With Effect From 31 March 2017

REGISTER OF CONTROLLERS Singapore companies, foreign companies and limited liability partnerships (LLPs) registered in Singapore (unless exempted by legislation) are required to maintain register of registrable […]
1 February 2017

MALAYSIA – New Companies Act 2016

On 31 August 2016, the Companies Act 2016 (“CA 2016”) had been gazetted to replace the Companies Act 1965 (“Old CA”) to provide greater flexibility, certainty […]
27 December 2016

Malaysia Inland Revenue Board (IRB) – All Religious Institutions Qualify For Tax Exemptions

All religious institutions or organisations qualify for tax exemptions, provided that their income are from donations and intended for religious activities. The IRB said that a […]
23 November 2016

Kensington Trust Group Secures Singapore Trust Licence

JTC KENSINGTON EXPANDS FIDUCIARY OFFERING AFTER SECURING SINGAPORE TRUST LICENCE We are delighted to announce that Kensington Trust Group (KTG) was recently granted a licence by […]
17 February 2016

Hong Kong Signs Double Tax Agreement (DTA) With Russia

On 18 January 2016, Hong Kong signed a DTA with Russia. This agreement comes shortly after Hong Kong concluded a DTA with Romania in November 2015, […]
10 February 2016

The Rise of International Financial Centres in the East

  For the first time in modern history, the Asia-Pacific now has more rich individuals than North America. The rising wealth in China, India, Indonesia and […]
17 December 2015

Malaysian Inland Revenue Board – The Need To Obtain Legitimate Tax Agent Services

The Inland Revenue Board of Malaysia (IRBM) has on 26 November 2015, released a media announcement to advise all taxpayers to seek services from legitimate and […]
30 November 2015

BVI Registry Offers Premium Services

Effective December 1, 2015, the British Virgin Islands Registry of Corporate Affairs will be offering premium services. For a premium fee of $500, the Registry will […]
5 November 2015

BVI To Require Compulsory Filing Of Register Of Directors And Maintain Beneficial Ownership

Some legislative amendments had been announced in the British Virgin Islands (BVI) to improve the authorities’ access to company beneficial ownership information. The changes to the […]
5 November 2015

SWITZERLAND – Revised Money Laundering Rules Formally Adopted

In February 2012, the Financial Action Task Force (FATF) published the revised international standards concerning the combating of money laundering and terrorist financing (FATF recommendations). Parliament […]