Taxation

Flurry of activity for China’s richest ahead of offshore wealth tax deadline

Regulations announced in July levy a tax of 20% on dividends and interest gained from offshore trusts.

Over 3,000 taxpayers made false claims for employment expenses; IRAS warns of misleading tax advice

In the messages that were being circulated, taxpayers were encouraged to make false claims for employment expenses that were not incurred.

IRAS unveils new digital tools for easier corporate income tax filing

The new tools include a filing obligation check for NICs, a record keeping assistant, and a business expense deductibility checker, among others.

Old records, new troubles: Vietnam’s tax clean-up catches taxpayers off guard

An exit suspension order issued on Nov 10, 2025, for Luong Thi Anh Nga. Vietnam has been carrying out vigorous tax reforms that the government says are urgently needed for economic development.

Israel says commercial goods not entering Gaza over Hamas tax dispute

Israel said merchants had suspended coordination for the entry of goods into Gaza “until further notice” because of what it described as Hamas coercion.

Malaysia budget 2027: Anwar courts urban voters and small businesses with tax cuts, reliefs

Malaysia’s Prime Minister Anwar Ibrahim has proposed raising individual tax relief from the current RM9,000 (S$2,822) to RM12,000 in Budget 2027.

The taxman comes for China’s offshore riches

Chinese President Xi Jinping embarked on what could be the most ambitious global tax hunt in history.

Trump directed use of taxpayer money for ads praising his presidency

The latest ads promoting US President Donald Trump come as his standing with the public has dropped.

From haven to exit: The great wealth flight from Britain

With millionaires fleeing Britain, prices of London’s top properties have declined by around 11 per cent over the past 10 years, according to data compiled by Savills, one of Britain’s largest real estate companies.

Indonesia plans first adjustment of tax-free income threshold since 2016, minister says

Currently, no income tax is payable on annual income of 54 million rupiah (S$3,800) or less.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.