All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Editorial

Asia is home to the world's oldest civilisations. It is the cradle of some of the most ancient traditions.

But the pace of change in an ever globalising world is picking up. And while governments and taxpayers have long clung to their traditions in taxation and transfer pricing, they must adapt to a rapidly developing global environment.

Transfer pricing rules as they have been traditionally conceived have failed to answer the questions civil society is raising over base erosion and profit shifting. In short, they are failing to deliver the tax developing countries believe they are entitled to.

As Asian countries increasingly flex their economic might around the world, they will look to cast their tax nets wider and crack down on what they see as abusive practices. They will be more vocal in their demands for the rules to be rewritten and they will be more aggressive in pursuing the revenue they believe is owing to them.

All of this leaves some choppy waters for taxpayers in the Asia-Pacific region to navigate. They must ensure they are up to date on the latest national legislation and international guidelines. They must keep abreast of the latest court cases and the precedents they set. And they must ensure they are vigilant in their compliance to avoid some nasty penalties.

For the seventh time, International Tax Review brings you its guide to Asia Transfer Pricing.

In these pages, leading transfer pricing advisers from KPMG in Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, New Zealand, the Philippines, Singapore, Taiwan, Thailand and Vietnam bring you insights and advice from across the region.

We hope you find this guide an invaluable tool as you conduct your business in an ever more lucrative region, in ever more interesting times.

Salman Shaheen

Editor

International Tax Review

more across site & bottom lb ros

More from across our site

This week Brazil’s former President Luiz Inacio Lula da Silva came out in support of uniting Brazil’s consumption taxes into one VAT regime, while the US Senate approved a corporate minimum tax rate.
The Dutch TP decree marks a turn in the Netherlands as the country aligns its tax policies with OECD standards over claims it is a tax haven.
Gorka Echevarria talks to reporter Siqalane Taho about how inflation, e-invoicing and technology are affecting the laser printing firm in a post-COVID world.
Tax directors have called on companies to better secure their data as they generate ever-increasing amounts of information due to greater government scrutiny.
Incoming amendments to the treaty could increase costs on non-resident Indian service providers.
Experts say the proposed minimum tax does not align with the OECD’s pillar two regime and risks other countries pulling out.
The Malawian government has targeted US gemstone miner Columbia Gem House, while Amgen has successfully consolidated two separate tax disputes with the Internal Revenue Service.
ITR's latest quarterly PDF is now live, leading on the rise of tax technology.
ITR is delighted to reveal all the shortlisted firms, teams, and practitioners for the 2022 Americas Tax Awards – winners to be announced on September 22
‘Care’ is the operative word as HMRC seeks to clamp down on transfer pricing breaches next year.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree