Is your tax department game ready? - EY's Asia-Pacific guide 2021 launched

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Is your tax department game ready? - EY's Asia-Pacific guide 2021 launched

ed188260579.jpg

In collaboration with EY, ITR brings you the key themes that tax departments in the Asia-Pacific region and beyond should consider as they prepare for the tax world of tomorrow.

Click here to read EY's Asia-Pacific guide 2021 

 

In collaboration with EY, ITR brings you the key themes that tax departments in the Asia-Pacific region and beyond should consider as they prepare for the tax world of tomorrow.

On the track to financial recovery from COVID-19, Asia-Pacific has been the early pacesetter. Though, unsurprisingly, business – and tax consequences – have been far from plain sailing.

Leading the response from the front, chief financial officers are tasked with taking a strategic view of managing the entire finance function, including their tax operations, to access and unleash potential for their teams. Conspicuously, the pandemic has meant that operation models in the region have altered beyond recognition and that decentralised networks are increasingly becoming the norm.

Compliance and reporting have become more complex, with digitalisation, social responsibility and the demand for corporate transparency being key drivers. It is hoped that intelligent systems – such as enterprise resource planning and enterprise performance management platforms – have the potential to improve working processes.

The high level of political focus on tax means that multilateralism is rising and tax administrations are more empowered and synchronised than before. The OECD, along with organisations such as the IMF, United Nations and the World Bank, have rallied for collaboration in response to complex and novel challenges.

On a national level, in the face of global trade stand-offs and increased trade risk, the growing presence of free trade agreements in Asia-Pacific is welcome news for businesses operating out of the region. Away from home, the guide also takes a closer look at the Biden administration’s proposals and the knock-on effect that the US’s political flip has for global MNEs and tax policy.

As tax transforms in Asia-Pacific, professionals from EY will play a pivotal role in assisting in-house tax departments – from multinational corporations to family businesses – stay on target for the challenges ahead. We hope that you enjoy reading the practical insights from those leading the progression in our second EY Asia-Pacific guide.

 

Click here to read EY's Asia-Pacific guide 2021

 

Prin Shasiharan

daadfafde4434b93869584d6124b0b60

Senior commercial editor

ITR

LinkedIn profile

E: prin.shasiharan@euromoneyplc.com

Prin Shasiharan drives thought leadership with global tax advisors for ITR’s insight projects, in addition to managing contributions from partner firms. He has hosted and moderated high-level events involving eminent tax practitioners. He also manages commercial collaborations for other Euromoney brands including The Deal, Managing IP and IFLR.

Prin has experience in tax compliance, financial crime and regulatory roles, and has previously worked for international organisations including the United Nations and the Council of Europe.

 

more across site & shared bottom lb ros

More from across our site

If the Reform leader becomes UK prime minister then he may follow the direction of the US in at least one significant way
Trump declared a new national emergency in issuing the order; in other news, Grant Thornton Germany is up for sale and the subject of interest from both its UK and US counterparts
The judgment, which saw Denmark's Supreme Court rely on OECD TP guidance, sets aside more than 15 years of consistent administrative practice, experts have told ITR
Belgium’s new coalition government has gone ahead with a new exit tax regime that could land it in the courts
Brazil’s government has not officially framed the bill as a countermeasure amid trade tensions with the US, but the move is being considered as part of Brazil’s strategic response, one expert tells ITR
Understanding India’s income tax landscape can help charities ensure compliance, optimise tax benefits, and enhance their impact, writes Raghav Bajaj of Khaitan & Co
Tax advisers in Brazil are rising above the country’s notoriously complex tax system to deliver high-quality advisory services, ITR’s exclusive in-house data reveals
ITR’s data has highlighted the US firm’s ambition to become America’s ‘premier’ tax player via a concerted partner recruitment strategy
Jaap Zwaan’s arrival continues a recent streak of A&M Tax investing in the region; in other news, the US and Japan struck a deal that significantly lowered tariff rates
In a world where international tax concepts rely on human activity, Leonard Wagenaar poses existential questions about the future of such ideas when AI is ever-present
Gift this article