Get an essential overview of indirect and corporate tax rates and understand the compliance challenges that new market entrants can face in APAC. Featuring TMF Group Managing Director of South East Asia, Shagun Kumar.
Jacek, Sylvia and Rob kick off season two of the Value Added Talk podcast with a listener-voted topic and invite colleague Shagun Kumar onto the show to explore the APAC tax environment, with examples from India, China, Singapore, Indonesia, Japan and South Korea.
This two-part episode covers:
- indirect taxation
- jurisdictional tax differences
- corporate tax rates; trends and how they’re being used to attract international investment
- digitisation and tax liabilities for distance sellers
- compliance challenges
- some of the more unusual taxes that businesses can encounter in APAC.
Short on time? Skip ahead:
Part 1
00:01 Intro
05:41 The indirect tax environment across Asia Pacific
07:22 Lack of regional groupings
09:03 Indian GST
11:45 Corporate tax rates
15:34 APAC tax digitisation trends
20:04 How businesses are finding the change to digital reporting systems.
Part 2
00:01 Intro
00:35 Tax liabilities for distance sellers and providers of digital content
06:30 Unusual taxes that businesses can encounter in Indonesia, China, Japan, Singapore, South Korea and India
15:26 Key things to consider when doing business in APAC
17:11 Shagun’s top three compliance challenges for businesses new to the region
20:22 Takeaways
24:48 Outro.
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