China

Details

  • Service: Tax, Indirect Tax
  • Type: Business and industry issue
  • Date: 3/19/2010

Asia Pacific indirect tax country guide - Navigating the changing landscape 

Around the world, indirect taxes are becoming an increasingly important source of revenues for governments. The Asia Pacific region in particular is in the midst of a period of considerable change in the regional indirect tax landscape. A number of countries are currently considering, or are in the process of implementing, substantial reforms of their indirect tax systems: China, Malaysia, India, Australia, New Zealand to name a few. Recent inter-governmental summits in the region, such as the Asia-Pacific Economic Cooperation (APEC) Summit held last year in Singapore, have also seen discussion of increasing convergence of the different indirect tax systems within the region.

 

That convergence however, if it happens, is likely to be many years off. Currently the indirect tax landscape in the Asia Pacific region is notable for its diversity. That diversity creates opportunities but also challenges for our clients in trying to navigate a way through that complexity.

 

At KPMG China we support our clients in managing their indirect tax costs and risks and to identify opportunities to bring added value to our clients' businesses.

 

This publication from KPMG International's Asia Pacific indirect tax network provides insights and summaries of the key indirect tax systems across 21 jurisdictions in the Asia Pacific region. The publication is intended to help multi-national business navigate the challenging and diverse Asia Pacific indirect tax landscape.

 

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