Eugene Lim
Asia-Pacific Guide 2024
Band 3 : Tax
Email address
[email protected]Contact number
+65 63047978Share profile
Band 3
About
Provided by Eugene Lim
Practice Areas
Eugene Lim has worked extensively on tax and trade matters in the Asia Pacific region with a particular focus on the following practice areas:
• Global Value Chains
• Indirect Tax
• International Tax and PE
• International Trade
• Local and Cross Border Tax Controversy
Career
Eugene is a Founding Principal with WTS Taxise, a specialist international tax, transfer pricing and international trade practice comprising of a boutique Singapore law corporation, Taxise Asia LLC, and a boutique tax consulting firm, Taxise Asia Consulting Pte Ltd. He has extensive experience relating to the structuring of supply chain and distribution strategies in the Asia Pacific region as well as in international tax and trade matters.
Previously, Eugene was based in Hong Kong and China for 11 years before moving to Singapore in 2014 to head the Singapore Tax, Trade and Wealth Management practice in one of the largest international law firms in Singapore.
Professional Memberships
Eugene serves as the Co-Chairman of the Tax & Trust Committee of the Law Society of Singapore and is a Board member of the Tax Academy of Singapore, the not-for-profit training arm of the Inland Revenue Authority of Singapore. He is also a member of the Singapore Academy of Law. He was admitted to the Senior Courts of England and Wales as solicitor and Supreme Court of Singapore as advocate and solicitor.
Publications
Eugene has authored articles providing expert insights and practical business advice on implications of tax and trade developments in Singapore and the rest of Asia Pacific. His recent articles published on WTS Taxise www.taxiseasia.com/alerts/.
Languages Spoken
English and Mandarin Chinese
Awards
International Trade Lawyer of the Year
The Asian Lawyer
2021
Education
McGill University
Master of Laws in International and Comparative Law
National University of Singapore
Bachelor of Laws (Honours)
Expert in these Jurisdictions
He has extensive experience relating to the structuring of supply chain and distribution strategies in the Asia Pacific region as well as in international tax and trade matters.
Chambers Review
Asia-Pacific
Eugene Lim is the co-founder of WTS Taxise, with a strong reputation for international tax and trade matters. He advises on the tax structuring of investments and transfer pricing.
Strengths
Provided by Chambers
"Eugene provides practical advice which can be implemented. He is also willing to work on tight deadlines."
"He is professional, friendly and very approachable. Eugene always considers his client's situation and offers effective solutions."
"Eugene provides practical advice which can be implemented. He is also willing to work on tight deadlines."
"He is professional, friendly and very approachable. Eugene always considers his client's situation and offers effective solutions."
Articles, highlights and press releases
18 items provided by WTS Taxise
WTS Taxise is awarded Transfer Pricing Law Firm of the Year at the ITR Asia Pacific Awards 2024
Taxise Asia LLC (WTS Taxise) has been named as the Transfer Pricing Law Firm of the Year at the annual ITR Asia Pacific Awards 2024. Additionally, WTS Taxise is among the leading law firms in Singapore shortlisted for the Tax Litigation Law Firm of the Year award.
WTS Taxise retains Asialaw recognition as Recommended Tax Law firm in Singapore
16 September 2024, Singapore – Taxise Asia LLC (WTS Taxise) has been recognised as a Recommended Firm in the 2024 edition of Asialaw. This marks the firm’s sixth consecutive inclusion in the rankings as one of the leading law firms for tax in Singapore since 2019.
Eugene Lim gains promotion from Asialaw as Distinguished Tax Practitioner and retains Tax Leader rec
16 September 2024, Singapore – Taxise Asia LLC (WTS Taxise) Founding Principal Eugene Lim is now ranked as a Distinguished Tax Practitioner in the Asialaw 2024 rankings, in addition to continued recognition as a Highly Regarded Tax Lawyer for Tax Controversy and Indirect Tax in the 2025 edition of I
ITR World Tax recognises WTS Taxise in its 2025 TP, Tax and Tax Controversy rankings
21 August 2024, Singapore – We are pleased to announce that Taxise Asia LLC (WTS Taxise) has been recognised by International Tax Review in its latest ITR World Tax 2025 rankings for international tax, transfer pricing and tax controversy . WTS Taxise Founding Principal Eugene Lim has also retained
WTS Taxise is the sole tax boutique law firm in Singapore shortlisted for ITR APAC Awards
6 August 2024, Singapore – Taxise Asia LLC (WTS Taxise) is delighted to announce that we have been shortlisted for Transfer Pricing Law Firm of the Year and Tax Litigation Law Firm of the Year at the International Tax Review (ITR) Asia Pacific Tax Awards 2024.
The Philippines membership in the OECD BEPS Inclusive Framework and what it means for TP audits
The Philippines is not a member of the Organisation for Economic Cooperation and Development (“OECD”), but their transfer pricing regulations are largely based on OECD Guidelines.
Report on Pillar One – Amount B
On 19th February 2024, the Organization for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released the report on Amount B of Pillar One.
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...
WTS Taxise is awarded Transfer Pricing Law Firm of the Year at the ITR Asia Pacific Awards 2024
Taxise Asia LLC (WTS Taxise) has been named as the Transfer Pricing Law Firm of the Year at the annual ITR Asia Pacific Awards 2024. Additionally, WTS Taxise is among the leading law firms in Singapore shortlisted for the Tax Litigation Law Firm of the Year award.
WTS Taxise retains Asialaw recognition as Recommended Tax Law firm in Singapore
16 September 2024, Singapore – Taxise Asia LLC (WTS Taxise) has been recognised as a Recommended Firm in the 2024 edition of Asialaw. This marks the firm’s sixth consecutive inclusion in the rankings as one of the leading law firms for tax in Singapore since 2019.
Eugene Lim gains promotion from Asialaw as Distinguished Tax Practitioner and retains Tax Leader rec
16 September 2024, Singapore – Taxise Asia LLC (WTS Taxise) Founding Principal Eugene Lim is now ranked as a Distinguished Tax Practitioner in the Asialaw 2024 rankings, in addition to continued recognition as a Highly Regarded Tax Lawyer for Tax Controversy and Indirect Tax in the 2025 edition of I
ITR World Tax recognises WTS Taxise in its 2025 TP, Tax and Tax Controversy rankings
21 August 2024, Singapore – We are pleased to announce that Taxise Asia LLC (WTS Taxise) has been recognised by International Tax Review in its latest ITR World Tax 2025 rankings for international tax, transfer pricing and tax controversy . WTS Taxise Founding Principal Eugene Lim has also retained
WTS Taxise is the sole tax boutique law firm in Singapore shortlisted for ITR APAC Awards
6 August 2024, Singapore – Taxise Asia LLC (WTS Taxise) is delighted to announce that we have been shortlisted for Transfer Pricing Law Firm of the Year and Tax Litigation Law Firm of the Year at the International Tax Review (ITR) Asia Pacific Tax Awards 2024.
The Philippines membership in the OECD BEPS Inclusive Framework and what it means for TP audits
The Philippines is not a member of the Organisation for Economic Cooperation and Development (“OECD”), but their transfer pricing regulations are largely based on OECD Guidelines.
Report on Pillar One – Amount B
On 19th February 2024, the Organization for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released the report on Amount B of Pillar One.
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...