rich1.0TheFuzzStone wroteTheFuzzStone (npub1teโ€ฆ45l24)https://njump.me/npub1testfxupzps79vj8nc3qwhtrvrj9cgygfuztsh387szqhx3hee0s345l24njumphttps://njump.me๐ŸŒ Asia is becoming more transparent for tax authorities: What has changed While 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. In 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). ๐Ÿฆ CRS has already been implemented by: ๐Ÿ‡ฆ๐Ÿ‡ฒ Armenia ๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan ๐Ÿ‡ง๐Ÿ‡ณ Brunei ๐Ÿ‡จ๐Ÿ‡ณ China (exchange with 81 jurisdictions) ๐Ÿ‡ฌ๐Ÿ‡ช Georgia ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong (exchange with 84 jurisdictions) ๐Ÿ‡ฎ๐Ÿ‡ณ India ๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia (86) ๐Ÿ‡ฏ๐Ÿ‡ต Japan (87 jurisdictions) ๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan ๐Ÿ‡ฒ๐Ÿ‡ด Macau ๐Ÿ‡ฒ๐Ÿ‡พ Malaysia (87) ๐Ÿ‡ฒ๐Ÿ‡ป Maldives ๐Ÿ‡ต๐Ÿ‡ฐ Pakistan ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore (86 jurisdictions) ๐Ÿ‡ฐ๐Ÿ‡ท South Korea (89 jurisdictions) ๐Ÿ‡น๐Ÿ‡ญ Thailand ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia is scheduled to begin exchange in 2027. Currently operating without exchange: ๐Ÿ‡ฐ๐Ÿ‡ญ Cambodia ๐Ÿ‡ต๐Ÿ‡ญ Philippines ๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lanka ๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan ๐Ÿ‡ป๐Ÿ‡ณ Vietnam ๐Ÿ’ฐ In 2025, Asian tax authorities received CRS data on 76 million foreign financial accounts holding โ‚ฌ4.1 trillion in assets. ๐Ÿ“œ In 2025, Asian countries sent 2,209 requests to foreign tax authorities and received 2,630 requests from other jurisdictions. That is the volume of individual (on-request) inquiries alone! The next target: Ultimate beneficial ownership (UBO) of companies and legal structures, followed by crypto assets. Agreed to implement the Crypto-Asset Reporting Framework (CARF): From 2027: ๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia ๐Ÿ‡ฏ๐Ÿ‡ต Japan ๐Ÿ‡ฐ๐Ÿ‡ฟ Kazakhstan ๐Ÿ‡ฐ๐Ÿ‡ท South Korea From 2028: ๐Ÿ‡ฆ๐Ÿ‡ฟ Azerbaijan ๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong ๐Ÿ‡ฒ๐Ÿ‡พ Malaysia ๐Ÿ‡ฒ๐Ÿ‡ณ Mongolia ๐Ÿ‡ธ๐Ÿ‡ฌ Singapore ๐Ÿ‡น๐Ÿ‡ญ Thailand In 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.