{"type":"rich","version":"1.0","title":"TheFuzzStone wrote","author_name":"TheFuzzStone (npub1teโ€ฆ45l24)","author_url":"https://njump.me/npub1testfxupzps79vj8nc3qwhtrvrj9cgygfuztsh387szqhx3hee0s345l24","provider_name":"njump","provider_url":"https://njump.me","html":"๐ŸŒ Asia is becoming more transparent for tax authorities: What has changed\n\nWhile many still view Singapore, Hong Kong, or the UAE as a separate, insulated financial world, the OECD has published its Tax Transparency in Asia 2026 report.\n\nIn 2025 alone, thanks to information exchange and the CRS (Common Reporting Standard), Asian countries generated around โ‚ฌ1.65 billion in additional tax revenue. Since 2009, this total has reached +โ‚ฌ25.7 billion (representing 18% of all global tax revenues recovered through exchange of information).\n\n๐Ÿฆ CRS has already been implemented by:\n\n๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia\n๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan\n๐Ÿ‡ง๐Ÿ‡ณ Brunei\n๐Ÿ‡จ๐Ÿ‡ณ China (exchange with 81 jurisdictions)\n๐Ÿ‡ฌ๐Ÿ‡ช Georgia\n๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong (exchange with 84 jurisdictions)\n๐Ÿ‡ฎ๐Ÿ‡ณ India\n๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia (86)\n๐Ÿ‡ฏ๐Ÿ‡ต Japan (87 jurisdictions)\n๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan\n๐Ÿ‡ฒ๐Ÿ‡ด Macau\n๐Ÿ‡ฒ๐Ÿ‡พ Malaysia (87)\n๐Ÿ‡ฒ๐Ÿ‡ป Maldives\n๐Ÿ‡ต๐Ÿ‡ฐ Pakistan\n๐Ÿ‡ธ๐Ÿ‡ฌ Singapore (86 jurisdictions)\n๐Ÿ‡ฐ๐Ÿ‡ท South Korea (89 jurisdictions)\n๐Ÿ‡น๐Ÿ‡ญ Thailand\n๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia is scheduled to begin exchange in 2027.\n\nCurrently operating without exchange:\n๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia\n๐Ÿ‡ต๐Ÿ‡ญ Philippines\n๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka\n๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan\n๐Ÿ‡ป๐Ÿ‡ณ Vietnam\n\n๐Ÿ’ฐ In 2025, Asian tax authorities received CRS data on 76 million foreign financial accounts holding โ‚ฌ4.1 trillion in assets.\n\n๐Ÿ“œ In 2025, Asian countries sent 2,209 requests to foreign tax authorities and received 2,630 requests from other jurisdictions. \n\nThat is the volume of individual (on-request) inquiries alone!\n\nThe next target: Ultimate beneficial ownership (UBO) of companies and legal structures, followed by crypto assets.\n\nAgreed to implement the Crypto-Asset Reporting Framework (CARF):\n\nFrom 2027:\n\n๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia\n๐Ÿ‡ฏ๐Ÿ‡ต Japan\n๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan\n๐Ÿ‡ฐ๐Ÿ‡ท South Korea\n\nFrom 2028:\n\n๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan\n๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong\n๐Ÿ‡ฒ๐Ÿ‡พ Malaysia\n๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia\n๐Ÿ‡ธ๐Ÿ‡ฌ Singapore\n๐Ÿ‡น๐Ÿ‡ญ Thailand\n\nIn short, tax authorities are now receiving massive datasets and cross-referencing discrepancies among CRS reports, tax returns, tax residency status, corporate entities, and ultimate beneficial owners. \n\n"}