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Managing GST/VAT in the Asian century paper

Published on 06 Sep 12 by NATIONAL DIVISION, THE TAX INSTITUTE

The 21st century is being labelled the “Asian century”, and Australian businesses are playing a critical role. Multinational organisations and their tax managers need to be mindful of both technical developments and cultural issues in managing indirect axes in Asia. This paper provides key indirect tax developments throughout the Asian region, as well as sharing some of his experiences in the culture of the way that indirect taxes are managed in Asia.

This paper covers:

  • VAT / GST reforms throughout the region – issues and opportunities for multinational companies
  • How to deal with the tax authorities and your own tax and finance teams more effectively
  • Why understanding the culture of managing taxes in Asia matters
  • How to manage tax risks in an uncertain environment
  • What can be learned from other jurisdictions for the future development of GST in Australia.VAT / GST reforms throughout the region – issues and opportunities for multinational companies
  • How to deal with the tax authorities and your own tax and finance teams more effectively
  • Why understanding the culture of managing taxes in Asia matters
  • How to manage tax risks in an uncertain environment
  • What can be learned from other jurisdictions for the future development of GST in Australia.

Author profile

Lachlan Wolfers CTA
Lachlan is the Global Head of Indirect Tax for KPMG, as well as leading the Indirect Tax and Tax Technology practices for KPMG China. As part of his role in KPMG China, Lachlan led KPMG China’s efforts in relation to the VAT reform pilot program in China, including providing advice to various Government agencies in relation to several key aspects of the VAT reforms, including the application of VAT to financial services, insurance, construction and real estate, transfers of a business, as well as other reforms relating to the introduction of Advance Rulings in China. Previously he was a partner of KPMG Australia for over 11 years as the head of Indirect Tax in Sydney, and the National head of Tax Controversy services for KPMG Tax Lawyers Pty Ltd. Lachlan is also formerly a Director of the Tax Institute. - Current at 30 September 2019
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This was presented at 2012 National GST Intensive .

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Individual sessions

Joint keynote address

Author(s):  James O'HALLORAN,  Robert OLDING

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GST issues and wealth management

Author(s):  Bill PACKWOOD,  Amelia O'Rourke

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GST ruling system in practice

Author(s):  Mark L ROBERTSON

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