Seismic shifts – ITR’s Asia Guide 2023 launched

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Seismic shifts – ITR’s Asia Guide 2023 launched

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With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.

The guide begins in India, with a comprehensive analysis of intangible assets. KNAV in India demystifies the term ‘intangibles’ before considering the tax and transfer pricing (TP) implications of this rapidly evolving phenomenon.

Meanwhile, RSM Indonesia outlines the country’s swift legislative overhaul which has earned it a seat at the global table of tax reform. Domestically, this has led to a vital breakthrough with the BEPS two-pillar solution.

An article from Deloitte focuses on the potential impact of pillar two in Asia, and sets out the main questions facing companies as organisations prepare for its implementation.

GNV Consulting presents a different angle on tax developments in Indonesia and focuses on an expected increase in audits. A step-by-step guide is intended to help companies to weather the storm.

Authors from Dhruva Partners overview recent changes to direct tax laws that will affect non-resident taxpayers in India, as outlined in the country's recent Union Budget.

Finally, Deloitte experts spanning Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam present an overview of the respective TP controversies each country is contending with. In a region layered with complexity, it is unsurprising to see tax administrations ramping up enforcement activity – how can taxpayers ensure they are adequately prepared?

We hope you enjoy reading our Asia Guide 2023.

Click here to read all the articles from ITR’s Asia Guide special focus.

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The rules are intended to implement the substance of an earlier OECD report in its entirety
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Panama has no official position on pillar two so far and a move to implement in Costa Rica will face rejection, experts tell ITR
The KPMG partner tells ITR about Sri Lanka’s complex and evolving tax landscape, setting legal precedents through client work, and his vision for the future of tax
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