The ever-present threat of litigation and the increased likelihood of being involved in joint audits are two of the biggest concerns facing Asian taxpayers.

Speaking at International Tax Review's Asia Tax Executives' Forum, tax directors from across the region told delegates a number of stories about aggressive and uncooperative officials as well as cash-hungry tax authorities.

Delegates also spoke of a growing risk associated with transfer pricing compliance and how the risk of audit is part of everyday business.

The sessions covered all aspects of Asian tax from dispute resolution to the growing importance of tax technology as well as traditional areas of concern such as permanent establishments. Delegates also heard the latest developments across Asia with particular focus on South East Asia, India and China.

Beneficial ownership One panel of regional tax managers and private practitioners discussed the issue of whether China's Circular 601 is fair or over-reaching. Pieter de...