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

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


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


Senior commercial editor


LinkedIn profile


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 from across our site

Japan reports a windfall from all types of taxes after the government revised its stimulus package. This could lead to greater corporate tax incentives for businesses.
Sources at Netflix, the European Commission and elsewhere consider the impact of incoming legislation to regulate tax advice in the EU – if it ever comes to pass.
This week European Commission officials consider legal loopholes to secure minimum corporate taxation, while Cisco and Microsoft shareholders call for tax transparency.
The fast-food company’s tax settlement with French authorities strengthens the need for businesses to review their TP arrangements and documentation.
The full ALP model will be adopted through a new TP regime, which is set to boost the country’s investments and tax certainty.
Tax professionals have called on the UK government to reconsider its online sales tax as it would affect the economy at the worst time.
Tax professionals have called on companies to act urgently to meet e-invoicing compliance targets as the EU plans to ramp up digitisation.
In the wake of India’s ambitious 25-year plan for economic growth, ITR has partnered with leading tax commentators to discuss what the future will look like for India and for the rest of the world.
But experts cast doubt on HMRC's data and believe COVID-19 would have increased the revenue shortfall.
EY’s plan to separate its auditing and consulting businesses might lessen scrutiny from global regulators, but the brand identity could suffer, say sources.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree