New TEI committee signifies growing importance of indirect taxes in Asia Pacific
International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX
Copyright © Legal Benchmarking Limited and its affiliated companies 2024

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

New TEI committee signifies growing importance of indirect taxes in Asia Pacific

Abhishek Shah

Caterpillar's regional head of VAT/GST will chair new TEI group on indirect tax in Asia Pacific.

Abhishek Shah, of Caterpillar, will be the first chairman of a new sub-committee on indirect tax, which the Asia chapter of Tax Executives Institute (TEI) has decided to set up. The EMEA chapter of the organisation, a global association of in-house tax professionals, already has a similar committee for the EU VAT system. 

"The decision to set-up an indirect tax focused committee comes at the right time with the growing importance of Indirect taxes in the Asia region due to the changing tax landscape with Malaysia introducing GST last year, China completing its B2V [Business Tax to VAT] conversion soon and India deciding to adopt a unified GST," said Shah, who is the VAT/GST lead for the Asia Pacific region for Caterpillar.

Shah says his and the sub-committee's tasks will be to generate awareness among industry peers of the importance of indirect tax on their business; make representations to tax administrations about industry-specific issues; create training sessions with the help of consulting and law firms and provide members with professional networking opportunities.

The Asia chapter of TEI was 10 years old in 2015. 

 


more across site & bottom lb ros

More from across our site

AI will speed up some of the most laborious TP processes without making human input redundant, argues Hank Moonen, CEO of TaxModel
Firms with a broad geographic reach are more likely to win work, especially from global companies with high turnovers, according to survey data of nearly 29,000 corporate counsel
Australian businessman Gordon Merchant used EY’s advice to offset an A$85 million capital gain, according to the Federal Court
Griggs has been drafted in ahead of schedule as the incumbent Tim Ryan departs for Citigroup; while the Netherlands plans to scrap a 15% share buyback tax
Authorities must ensure that Russian firms do not use transfer pricing schemes to increase profits made from oil sold in different markets, advocacy organisations have argued
Fallet, a partner at law firm Mauger Muniz Advogados in Brazil, tells ITR about his passion for tax law, the leaders who inspired him, and what makes tax cool
The former chief operating officer will assume the role on July 1
Ahead of next week's Indirect Tax Forum in London, ITR spoke with Christian Van Der Valk of Sovos about how different governments and companies are embracing e-invoicing
Konrad Jeczewski has alleged he was threatened with negative reviews before being made redundant by EY Australia
The suggestion was welcomed by Skadden’s European tax head at a special event on space and tax
Gift this article