WTS Taxise
About
Co-Founders & Principals: Eugene Lim and Irving Aw
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
3 partners; 9 lawyers and 4 tax accountants and economists 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: Irving Aw / Eugene Lim
Tel: +65 63045367 / +65 63047978
Email: [email protected] / [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 / Irving Aw
Tel: +65 63047978 / +65 63045367
Email: [email protected] / [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
82 items provided by WTS Taxise
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.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Tax Data Analytics – How data analytics can add value using the example of a global transfer pricing
Everyone talks about data & analytics ("D&A"). All tax experts dream of automated analyses of tax data at the push of a button in order to meet compliance requirements and leverage optimization potential.
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...
Pillar Two – Implementation Status Overview Worldwide
In March and April 2023, several countries made significant announcements related to the implementation of the OECD’s Pillar Two initiative...
Singapore Government Increases Additional Buyer’s Stamp Duty Rates
On 26 April 2023, the Singapore Government announced increases to the Additional Buyer’s Stamp Duty (“ABSD”) rates that take effect from 27 April 2023. The measures follow the latest increase in ABSD rates in September 2022, and are expected to affect about 10% of residential property transactions..
Update on tax developments in Singapore
Update on tax developments in Singapore...
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...
Singapore Budget 2023 – Building up our Capabilities and Competitiveness as a Nation
Budget 2023 was delivered by Deputy Prime Minister of Singapore and Minister for Finance, Mr. Lawrence Wong, to the Singapore Parliament on 14 February 2023...
WTS Taxise bolsters Transfer Pricing practice with the addition of Adnan Begic
WTS Taxise has bolstered its Transfer Pricing (TP) practice through its cooperation with Adnan Begic as Senior TP Specialist & Consultant. Adnan’s expertise further builds on the growing TP offering of WTS Taxise and WTS Global in Asia Pacific..
Tax treatment of ship pooling arrangements
Ship pooling arrangements have become more common as shipowners seek greater efficiencies in the deployment of their vessels...
Chambers AP 2023 promotes WTS Taxise to Band 3; Partners as leading & up-and-coming tax lawyers
Taxise Asia LLC (WTS Taxise) is delighted to have been promoted to Band 3 for Singapore Tax in the Chambers and Partners Asia Pacific 2023 publication. This is the second consecutive year WTS Taxise has been ranked by Chambers alongside leading tax law firms in Singapore...
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...
An ex-IRAS tax litigator shares tips on managing tax disputes effectively
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...
WTS Taxise garners ranking in 2023 ITR’s World Tax, World Tax Leaders and World Transfer Pricing
WTS Taxise has garnered new firm and practitioner rankings in International Tax Review’s (ITR) 2023 World Tax, World Tax Leaders and maintained its ranking in ITR’s 2023 World Transfer Pricing...
WTS Taxise receives multiple recognitions in the 2022-23 editions of Asialaw and Best Lawyers
These mark the firm’s inclusion in the Asialaw rankings for the third year and Eugene Lim’s Best Lawyers practitioner rankings for seven years (pre-Taxise)...
WTS Taxise wins Best Newcomer Award at the ITR Asia Pacific Awards
Taxise Asia LLC (WTS Taxise) has won Best Newcomer Award at the 22nd International Tax Review (ITR) Asia Pacific Awards 2022...
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...
IRAS unveils new corporate income tax compliance initiatives
On 18 March 2022, the Inland Revenue Authority of Singapore (“IRAS”) introduced two new voluntary corporate income tax (“CIT”) compliance initiatives...
Singapore’s autonomous sanctions on Russia: lack of clarity will cause business uncertainty
On 28 February 2022, Singapore’s Minister for Foreign Affairs announced that Singapore would join other like-minded countries to impose sanctions and restrictions against Russia...
Singapore Budget 2022 – Charting Our New Way Forward Together
Budget 2022 was delivered by Minister for Finance, Mr. Lawrence Wong, to the Singapore Parliament on 18 February 2022...
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 unveils new measures to cool housing market
On 15 December 2021, the Singapore government announced a package of measures designed to address the sustained rising trend in housing prices...
Special China tax alert (No. 1 issue, 2022)
The Chinese authorities confirmed that, at short notice to the public on the eve of the New Year, a few decade-long preferential individual income tax (IIT) treatments to be ended on 31 December 2021, will continue for one to two years...
WTS China – 2021 China Tax Yearbook
As a Chinese saying goes, “Spring marks the plan of the year”. With 2021 yearend around the corner, we would like to wish you a fruitful start to a new 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.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Russia: Certain DTA regulations with 38 states put on hold
On Aug. 8, 2023, the Russian President Putin issued a presidential decree temporarily suspending parts of its double taxation agreements (DTAs) with 38 so-called “unfriendly” states.
Tax Data Analytics – How data analytics can add value using the example of a global transfer pricing
Everyone talks about data & analytics ("D&A"). All tax experts dream of automated analyses of tax data at the push of a button in order to meet compliance requirements and leverage optimization potential.
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...
Pillar Two – Implementation Status Overview Worldwide
In March and April 2023, several countries made significant announcements related to the implementation of the OECD’s Pillar Two initiative...
Singapore Government Increases Additional Buyer’s Stamp Duty Rates
On 26 April 2023, the Singapore Government announced increases to the Additional Buyer’s Stamp Duty (“ABSD”) rates that take effect from 27 April 2023. The measures follow the latest increase in ABSD rates in September 2022, and are expected to affect about 10% of residential property transactions..
Update on tax developments in Singapore
Update on tax developments in Singapore...
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...
Singapore Budget 2023 – Building up our Capabilities and Competitiveness as a Nation
Budget 2023 was delivered by Deputy Prime Minister of Singapore and Minister for Finance, Mr. Lawrence Wong, to the Singapore Parliament on 14 February 2023...
WTS Taxise bolsters Transfer Pricing practice with the addition of Adnan Begic
WTS Taxise has bolstered its Transfer Pricing (TP) practice through its cooperation with Adnan Begic as Senior TP Specialist & Consultant. Adnan’s expertise further builds on the growing TP offering of WTS Taxise and WTS Global in Asia Pacific..
Tax treatment of ship pooling arrangements
Ship pooling arrangements have become more common as shipowners seek greater efficiencies in the deployment of their vessels...
Chambers AP 2023 promotes WTS Taxise to Band 3; Partners as leading & up-and-coming tax lawyers
Taxise Asia LLC (WTS Taxise) is delighted to have been promoted to Band 3 for Singapore Tax in the Chambers and Partners Asia Pacific 2023 publication. This is the second consecutive year WTS Taxise has been ranked by Chambers alongside leading tax law firms in Singapore...
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...
An ex-IRAS tax litigator shares tips on managing tax disputes effectively
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...
WTS Taxise garners ranking in 2023 ITR’s World Tax, World Tax Leaders and World Transfer Pricing
WTS Taxise has garnered new firm and practitioner rankings in International Tax Review’s (ITR) 2023 World Tax, World Tax Leaders and maintained its ranking in ITR’s 2023 World Transfer Pricing...
WTS Taxise receives multiple recognitions in the 2022-23 editions of Asialaw and Best Lawyers
These mark the firm’s inclusion in the Asialaw rankings for the third year and Eugene Lim’s Best Lawyers practitioner rankings for seven years (pre-Taxise)...
WTS Taxise wins Best Newcomer Award at the ITR Asia Pacific Awards
Taxise Asia LLC (WTS Taxise) has won Best Newcomer Award at the 22nd International Tax Review (ITR) Asia Pacific Awards 2022...
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...
IRAS unveils new corporate income tax compliance initiatives
On 18 March 2022, the Inland Revenue Authority of Singapore (“IRAS”) introduced two new voluntary corporate income tax (“CIT”) compliance initiatives...
Singapore’s autonomous sanctions on Russia: lack of clarity will cause business uncertainty
On 28 February 2022, Singapore’s Minister for Foreign Affairs announced that Singapore would join other like-minded countries to impose sanctions and restrictions against Russia...
Singapore Budget 2022 – Charting Our New Way Forward Together
Budget 2022 was delivered by Minister for Finance, Mr. Lawrence Wong, to the Singapore Parliament on 18 February 2022...
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 unveils new measures to cool housing market
On 15 December 2021, the Singapore government announced a package of measures designed to address the sustained rising trend in housing prices...
Special China tax alert (No. 1 issue, 2022)
The Chinese authorities confirmed that, at short notice to the public on the eve of the New Year, a few decade-long preferential individual income tax (IIT) treatments to be ended on 31 December 2021, will continue for one to two years...
WTS China – 2021 China Tax Yearbook
As a Chinese saying goes, “Spring marks the plan of the year”. With 2021 yearend around the corner, we would like to wish you a fruitful start to a new year...