The formation of AOTCA in 1992 can largely be attributed to the existence of its sister body the Confédération Fiscale Européene (CFE) formed in 1959 as a body representing the interests of tax advisors in the European Communities.
Over the years tax professionals doing business in the Asia Oceania regions became increasingly conscious of the necessity of establishing a similar body to CFE in the region. The impetus to establish such an organisation was provided by Japan Federation of Certified Public Tax Accountants' Associations (JFCPTAA). The first meeting was held in Tokyo in November 1992 attended by the following foundation members:
JFCPTAA, Pakistan Tax Bar Association (PTBA), Hong Kong Institute of Certified Public Accountants (HKICPA), Institute of Chartered Accountants in Australia (ICAA), Korean Association of Certified Public Tax Accountants (KACPTA), Chartered Tax Institute of Malaysia (CTIM), Tax - Accountancy Association Union of Chinese Taipei (TAAUCT), The Tax Institute (Australia - TTI), Tax Management Association of the Philippines (TMAP), and Certified Practicing Accountants Australia (CPAA).
Since then the Association has grown with the admission of the following members:
All India Federation of Tax Practitioners (AIFTP); Chinese Certified Tax Agents Association (CCTAA); Institute of Certified Public Accountants Singapore (ICPAS); Indonesian Tax Consultants Association (ITCA); Japan Tax Research Institute (JTRI); Institute of Public Accountants –Australia (IPA); Taxation Institute of Hong Kong (TIHK); Vietnam Tax Consultants' Association (VTCA); Mongolian Certified Public Tax Accountants and Consultants Association (MCPTACA); Institute of Chartered Accountants of Sri Lanka (ICASL); Bekas Pegawai HASIL (BPH – an association of ex-revenue officers in Malaysia); Singapore Institute of Accredited Tax Professionals (SIATP); Chinese Taipei Certified Tax Agents Association (CTCTAA).
In all, AOTCA represents over 330,000 tax professionals in the region.
Annually the members of AOTCA meet in member states on a rotation basis to discuss matters of mutual interest combined with presentations in a seminar format from international tax experts on selected topics.
In addition in 2002, 2007 and 2012 AOTCA has held International Tax Conventions in Kyoto (Japan), Kuala Lumpur (Malaysia) and Seoul (Korea) involving speakers from all over the world covering topics of current interest.
AOTCA is also an invited observer at annual meetings of the Study Group on Asian Tax Administration and Research (SGATAR), a body representative of the various tax administrations in the region.
Through continuing and increasing representation by AOTCA officials at SGATAR and CFE meetings, the publication of papers from the seminars, the provision of original articles and access to the Asia Pacific Journal of Taxation and closer communication with the OECD, AOTCA will continue to enhance the recognition and significance of the increasingly important role of tax professionals in the region.