The foundation of AOTCA was attributed to the existence of the Confédération Fiscale Européenne (CFE), the international organisation for tax advisors in Europe with a long history since 1959.

On 6 November 1992, an inauguration meeting took place in Tokyo, Japan, with the attendance of representatives of founding member organisations from 8 countries and regions. Since then ,AOTCA has grown to a membership of 18 professional bodies from jurisdictions including Australia, China, Chinese Taipei, Hong Kong, Indonesia, Japan, Korea, Macau, Mongolia, Pakistan, Philippines, Singapore, Vietnam, and two associate members from Bangladesh and Sri Lanka.

Over the years ,tax professionals in the Asian and Oceanic regions have been proud to be part of this international professional body and its achievements.