Expert Analysis

While China is seeking to enhance its position as a favourable jurisdiction for international trade and investment, it needs to safeguard its tax base in the context of cross-border transactions. Chris Xing, Curtis Ng and Vincent Pang of KPMG China assess how the country is working to improve the efficiency of tax collection and combat tax evasion arising from cross-border transactions.

On August 1 2013, the Chinese government announced the nationwide rollout of the first phase of the VAT pilot programme, a significant advance towards replacing business tax (BT) throughout mainland China with a value added tax (VAT) for the services sector. Lachlan Wolfers, John Wang and Shirley Shen of KPMG China look ahead at further VAT changes to come in 2014.

Hong Kong’s status as an international finance centre has been enhanced by recent developments relating to double taxation agreements, Islamic finance and tax information exchange agreements. Ayesha Lau, Darren Bowdern and Garry Laird of KPMG China examine these developments and consider how the OECD’s BEPS project may have an impact on Hong Kong.

India’s transfer pricing overhaul expands safe harbours at scale and accelerates advance pricing agreements alongside the statutory recodification of the Income-tax Act, report Uday Ved, Hetav Vasani, and Jainesh Nahar of KNAV

Join KPMG and insightsoftware on June 25 as ITR presents a free webinar on the evolving role of tax professionals and how technology is driving the transformation

Jess Williams, Jimmy Man, and Olivier Hody of Deloitte explain how tax can be elevated from a post-close support function to a value-realisation tool in M&A transactions through quick wins and longer-term actions

Several South Korean transfer pricing cases have established clearer judicial standards emphasising robust comparability analysis and stronger functional and economic evidence. Yulchon tax partners provide practical insights for navigating the heightened requirements

Ichwan Sukardi and T Qivi Hady Daholi of RSM Indonesia examine how geopolitical conflict and economic volatility are reshaping transfer pricing risk and enforcement, with a particular focus on Southeast Asia and Indonesia

Monika Bieri and Daniel Schönenberger of Tax Partner use a Swiss lens to examine how workforce mobility is reshaping transfer pricing models, and why the location of key decision‑makers is becoming a critical tax risk

Nicolle Barbetti of Pérez-Llorca explains how the Capitalisation of Companies Incentive has reshaped Portugal’s corporate financing landscape and highlights how binding rulings have clarified key issues in its application

Natalia Núñez and Antonia Valdés of PwC Chile analyse the new bill’s tax implications for a key sector, considering the provisions of the Mining Royalty Law

The CJEU’s Stellantis ruling builds on recent case law concerning the VAT implications of transfer pricing adjustments and highlights an often overlooked interaction, says Fernando Matesanz of Spanish VAT Services