Modernisation, the ability for foreign entities to register for VAT and consolidation / grouping rules are just some of the things on the wish-list of Lachlan Wolfers, Shirley Shen, John Wang and Karmen Yeung, of KPMG China, as the VAT reforms continue to take shape.
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Like medicine, tax is an evolving science. Norah Al Khalaf explains how tax policies have changed across the member states of the Gulf Cooperation Council and what tax departments should prepare for next.