About
Co-Founders & Principals: Eugene Lim
Number of Tax Advisors: 18-20
International Offices: WTS Global network of tax firms with presence in more than 100 countries
Languages: English, Chinese (Cantonese and Mandarin), German, Japanese and Bahasa (Indonesian and Malay)
Firm Overview
Taxise Asia LLC (“WTS Taxise”) is a Singapore-based boutique law firm specialising in international tax and international trade law. Founded in 2019 by some of the region’s market-leading international tax and international trade lawyers and practitioners, WTS Taxise offers practical and audit conflict-free advice on complex local and international tax and international trade matters drawn from its unique mix of professionals including lawyers, tax accountants, economists, academics and senior former in-house tax specialists in its ranks. WTS Taxise is a member firm of WTS Global, an international network of selected tax firms, with presence in more than 100 countries worldwide.
Practice Areas
- Corporate Tax
- Global Value Chains
- Indirect Tax
- International Tax & PE
- International Trade
- Investment Funds
- Local and Cross Border Tax Controversy
- Mergers & Acquisitions
- Private Client
- Transfer Pricing
Main Areas of Practice
International Tax and Transfer Pricing
1 partner; 7 lawyers and 2 tax accountants based in Asia
The firm’s tax practice is headed by Co-Founders, Irving Aw and Eugene Lim. The practice is best known for providing highly specialised international tax, indirect tax and transfer pricing advisory services to multinationals in the technology, finance, maritime and logistics industries. The team has been involved in significant global value chain, financing and M&A transactions. It works with clients to develop their global tax strategies and assist them in implementation on a global basis, working with member firms of the WTS Global network with a presence in over 120 countries.
The transfer pricing team was established by Co-Founder, Sam Sim. The firm also has a Transfer Pricing Centre of Excellence in the Philippines to provide transfer pricing documentation and benchmarking services. The transfer pricing team also has valuation capabilities.
The firm recently set up a China Client service group to service China headquartered multinationals as well as ultra-high-net-worth families and individuals.
Key Clients: European, U.S. and Asian headquartered multinationals, ultra-high-net-worth Asian families and individuals
Contact: Eugene Lim
Tel: +65 63047978
Email: [email protected]
International Trade
1 partner; 5 lawyers based in Asia
The firm’s international trade practice is headed by Co-Founder, Eugene Lim, and has a stellar reputation providing clients with advice on customs, export controls, WTO/FTA and sanctions issues in the Asia Pacific region. The team regularly advises high tech companies on encryption-related export control issues pertaining to cutting edge technologies such as block chain and cloud computing. The team also advises and assist clients in defending complex inter-company customs valuation issues which require a working knowledge of both customs valuation and transfer pricing rules.
Key Clients: Fortune 500 high-technology companies and U.S., European and Asian-headquartered multinationals
Contact: Eugene Lim
Tel: +65 63047978
Email: [email protected]
International Work
The majority of the firm’s tax and international matters are cross-border and international in nature. The firm also regularly provides policy advice to governments and industry groups. Some of the more significant international projects that the firm has worked on include:
- Advising a Singapore headquartered logistics company on their global tax strategy in relation to their leasing business as well as on various significant corporation actions including a US$523 million debt push-down arrangement.
- Advising a U.S. Fortune 500 technology company on the international tax, indirect tax and international trade issues relating to the establishment of their global manufacturing facility in an Asian country. This project was the largest FDI project in that Asian country in 2020 valued over US$200m.
- Advised a global European headquartered maritime company on tax audit defence strategy involving the use of mutual assistance procedures and Philippines domestic dispute resolution mechanisms in relation to the taxation of shipping income in the Philippines.
- Advising one of the world’s largest FinTech companies on export control issues in Singapore and the Asia Pacific region relating to encryption technology used in block chain, cloud computing, and mobile applications.
- Advised a U.S. Fortune 500 technology company on Israel boycott, customs classification and export control issues in Malaysia.
- Assisting a European government agency on the monitoring of an Asian government’s implementation of their Free Trade Agreement obligations.
- Advised a U.S. Fortune 500 company on import licensing issues relating to nuclear products in Japan.
Ranked Offices
Provided by WTS Taxise
- Singapore61 Robinson Road, #17-01A, Singapore, Singapore Island, Singapore, 068893
- Web: www.taxiseasia.com
- Tel: +65 63047972
- View ranked office
WTS Taxise rankings
Articles, highlights and press releases
12 items provided by WTS Taxise
Africa for business in Singapore and rest of Asia webinar/hybrid event
While opportunities in Africa for Asian businesses abound, complexities and risks arising from tax and compliance regulations in the region need to be assessed by Asia-based tax and compliance executives.
Indonesia and Singapore Transfer Pricing guidelines: Comparative analysis
Indonesia’s new transfer pricing guidelines are enshrined in the Minister of Finance Regulation 172/2023, which was announced on the 29th of December 2023. MoFR-172 revokes previous MoFR guidance (MoFR-22, MoFR-49 and MoFR-213), all of which have been streamlined and restated in MoFR-172.
Singapore Budget 2024 – Building our Shared Future Together
On 16 February 2024, Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, presented Singapore’s Budget 2024 (“Budget 2024”) to the Singapore Parliament. Budget 2024 is a broad-based budget to deal with the challenges of geopolitical tensions and a weak global economy.
Global Asia: Tax transformation and opportunities
Post-pandemic Asia has seen a proliferation of tax developments in response to economic and political change.
Seasoned tax professional and lawyer Justin Tan joins WTS Taxise
WTS Taxise is pleased to announce the arrival of seasoned tax specialist and lawyer Justin Tan as Consultant. Justin brings to the firm his wealth of experience in international tax with a focus on cross-border transactions...
Press quote: The countries that abolished inheritance tax – and are now booming
Eugene Lim was quoted in The Telegraph article on inheritance taxes published on 4 October 2023...
WTS Taxise recognised as Singapore’s leading tax law firms for the 3rd consecutive year by Chambers
Taxise Asia LLC (WTS Taxise) has once again been ranked by Chambers Asia Pacific as among Singapore’s leading tax law firms for the third consecutive year, retaining its band 3 – Singapore Tax rankings for the firm and its Founding Principal Eugene Lim...
WTS Taxise ranked as Singapore Recommended Firm for Tax by Asialaw for third consecutive year
Taxise Asia LLC (WTS Taxise) has once again been recognised in the Asialaw 2023-24 publication as a “Recommended Firm” and its Founding Principal Eugene Lim as “Notable Lawyer”for Tax in Singapore for the third consecutive year...
Arrival of senior consultants Karmi Leiman & Christine Schwarzl
WTS Taxise strengthens trade, compliance and transfer pricing practices with the arrival of senior consultants Karmi Leiman and Christine Schwarzl
ITR World Tax and Transfer Pricing recognitions 2024
ITR World Tax promotes WTS Taxise to Tier 3 (Tax); retains its Transfer Pricing recognition and recognises WTS Taxise Partners as Highly Regarded Tax Leaders
What businesses in Asia need to know in the recent export developments & the US-China trade tensions
WTS Taxise Consultant Karmi Leiman described the status of US-China relations as being at “the lowest point” with trade and technology as the key battleground for the two major economic powers.
WTS Taxise among Asian Legal Business’ 2023 Singapore Firms to Watch
Taxise Asia LLC (WTS Taxise) has been recognised as among Asian Legal Business’ (ALB) Singapore Firms to Watch in 2023...
Africa for business in Singapore and rest of Asia webinar/hybrid event
While opportunities in Africa for Asian businesses abound, complexities and risks arising from tax and compliance regulations in the region need to be assessed by Asia-based tax and compliance executives.
Indonesia and Singapore Transfer Pricing guidelines: Comparative analysis
Indonesia’s new transfer pricing guidelines are enshrined in the Minister of Finance Regulation 172/2023, which was announced on the 29th of December 2023. MoFR-172 revokes previous MoFR guidance (MoFR-22, MoFR-49 and MoFR-213), all of which have been streamlined and restated in MoFR-172.
Singapore Budget 2024 – Building our Shared Future Together
On 16 February 2024, Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, presented Singapore’s Budget 2024 (“Budget 2024”) to the Singapore Parliament. Budget 2024 is a broad-based budget to deal with the challenges of geopolitical tensions and a weak global economy.
Global Asia: Tax transformation and opportunities
Post-pandemic Asia has seen a proliferation of tax developments in response to economic and political change.
Seasoned tax professional and lawyer Justin Tan joins WTS Taxise
WTS Taxise is pleased to announce the arrival of seasoned tax specialist and lawyer Justin Tan as Consultant. Justin brings to the firm his wealth of experience in international tax with a focus on cross-border transactions...
Press quote: The countries that abolished inheritance tax – and are now booming
Eugene Lim was quoted in The Telegraph article on inheritance taxes published on 4 October 2023...
WTS Taxise recognised as Singapore’s leading tax law firms for the 3rd consecutive year by Chambers
Taxise Asia LLC (WTS Taxise) has once again been ranked by Chambers Asia Pacific as among Singapore’s leading tax law firms for the third consecutive year, retaining its band 3 – Singapore Tax rankings for the firm and its Founding Principal Eugene Lim...
WTS Taxise ranked as Singapore Recommended Firm for Tax by Asialaw for third consecutive year
Taxise Asia LLC (WTS Taxise) has once again been recognised in the Asialaw 2023-24 publication as a “Recommended Firm” and its Founding Principal Eugene Lim as “Notable Lawyer”for Tax in Singapore for the third consecutive year...
Arrival of senior consultants Karmi Leiman & Christine Schwarzl
WTS Taxise strengthens trade, compliance and transfer pricing practices with the arrival of senior consultants Karmi Leiman and Christine Schwarzl
ITR World Tax and Transfer Pricing recognitions 2024
ITR World Tax promotes WTS Taxise to Tier 3 (Tax); retains its Transfer Pricing recognition and recognises WTS Taxise Partners as Highly Regarded Tax Leaders
What businesses in Asia need to know in the recent export developments & the US-China trade tensions
WTS Taxise Consultant Karmi Leiman described the status of US-China relations as being at “the lowest point” with trade and technology as the key battleground for the two major economic powers.
WTS Taxise among Asian Legal Business’ 2023 Singapore Firms to Watch
Taxise Asia LLC (WTS Taxise) has been recognised as among Asian Legal Business’ (ALB) Singapore Firms to Watch in 2023...