As international tax regulations become more stringent, clients may face challenges in reporting their onshore and offshore assets to tax authorities. Clients may, therefore, request financial institutions to provide tax reports, which consist of tax information like income, capital gains or wealth, in order to assist themselves in filing tax returns according to the respective tax law. Financial institutions may provide country-specific tax reports, which are created based on specific tax treatments and calculation rules of the respective country, or generic tax reports for countries that are not covered in country-specific tax reports offering.
In partnership with BearingPoint, Asian Private Banker delivers the deepest and most innovative study on client tax reporting focusing exclusively on private banks in Asia.
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The research was conducted independently by Asian Private Banker, but was made possible through the sponsorship of BearingPoint.