Taxise Asia LLC (WTS Taxise)

Taxise Asia LLC (WTS Taxise)

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News and developments

Press Releases

Report on pillar one – amount b (february 2024)

On 19th February 2024, the Organization for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released the report on Amount B of Pillar One.

26 June 2024

Press Releases

Post-pandemic asia pacific: taxation fast lanes and speed bumps

Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, the need to replenish coffers, the changing international tax and geo-political landscape will pose challenges for tax regulators and tax leaders.

21 March 2024

Press Releases

Iras published comprehensive guidance on gst rate change

The Inland Revenue Authority of Singapore (IRAS) has recently published comprehensive guidance regarding the upcoming Goods and Services Tax (GST) rate change from 8% to 9%, which will take effect on 1 January 2024.

21 March 2024

Press Releases

Pillar two – implementation status overview worldwide

The country-specific information shown in the overview reflects the latest legislative updates, which we collect from our tax experts on a monthly basis. Last update: 30 May 2023 See the full article here.  

21 March 2024

Press Releases

Legal 500 asia pacific promotes wts taxise to tier 2; co-founding partners as leading tax individuals

Taxise Asia LLC (WTS Taxise) has been promoted by Legal 500 Asia Pacific to Tier 2 from Tier 3 for Singapore Tax in its 2023 rankings. Co-Founders and Principals Eugene Lim and Irving Aw have also been ranked Leading Tax Individuals this year. Associate Principal and Transfer Pricing Leader Molvin Yiu, meanwhile, has been named Next Generation Partner. In this latest edition of the legal publication, WTS Taxise is the sole law firm with the most number of tax practitioners ranked in the leading lawyers and next generation partner rankings in Singapore.

24 January 2023

Press Releases

Tax treatment of ship pooling arrangements

Ship pooling arrangements have become more common as shipowners seek greater efficiencies in the deployment of their vessels. In advance ruling summary no. 15/2022, the Singapore tax authorities have clarified Singapore’s tax treatment of cross-border ship pooling arrangements that are managed out of Singapore.

11 January 2023

Press Releases

Post-pandemic asia pacific: taxation fast lanes and speed bumps

Post-Covid Asia Pacific recovery promises new opportunities for businesses. However, the need to replenish coffers, the changing international tax and geo-political landscape will pose challenges for tax regulators and tax leaders.

11 January 2023

Press Releases

Irving aw wins 2022 lexology client choice award for corporate tax – singapore

Lexology has named WTS Taxise Principal and Co-Founder Irving Aw as the exclusive winner of the 2022 Client Choice Award for Corporate Tax in Singapore. Established in 2005, Client Choice recognises individuals that stand apart for the excellent client care they provide and the quality of their service. The criteria for this recognition focus on an ability to add real value to clients’ business above and beyond other players in the market. Uniquely, lawyers can be nominated only by corporate counsel, with this year’s winners chosen from a pool of more than 2,000 individual client assessments.

11 January 2023

Tax

Managing tax disputes effectively: an ex-iras tax litigator offers practical tips and suggestions for businesses

Broadly speaking, there are three main ways in which a tax dispute can arise. First, there may be different interpretations of the tax laws in question. Second, there may be disagreement in terms of how the tax laws are applied to the facts of the case. Third, there is disagreement on how the facts are construed and characterized. Due to these uncertainties in the area of tax, it is not uncommon for tax disputes to arise between a company and the tax regulator. If not managed properly, a tax dispute may lead to serious consequences for both the company and the key personnel involved.

27 October 2022

Press Releases

Wts taxise ranked in legal 500 asia pacific’s 2022 leading law firms for singapore tax

Taxise Asia LLC (WTS Taxise) has been ranked Band 3 for Singapore Tax in the 2022 edition of Legal 500 Asia Pacific. This latest recognition marks the Firm’s entry into the Legal 500 rankings for the first time. This also comes on the back of the Firm’s Chambers Asia Pacific 2022 rankings for Singapore Tax [read more – Chambers Asia Pacific recognises WTS Taxise as among 2022 leading tax law firms and lawyers in Singapore]. WTS Co-Founders and Principals Eugene Lim and Irving Aw have also been recognised as Recommended Lawyers for Singapore Tax.

07 September 2022

Press Releases

Seasoned tax litigator joins wts taxise to bolster its tax disputes practice

Taxise Asia LLC (WTS Taxise) is pleased to announce the arrival of Ma HanFeng. HanFeng is a Singapore-qualified lawyer with more than a decade of litigation experience including at the law division of the Inland Revenue Authority of Singapore (IRAS) where he represented IRAS in a wide range of tax dispute matters. Click here to view HanFeng’s profile.

07 September 2022

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