Tax Efficient Supply Chain Management Services

Size: px
Start display at page:

Download "Tax Efficient Supply Chain Management Services"

Transcription

1 ASIA PACIFIC Tax Efficient Supply Chain Management Services Helping Global Companies Achieve Enterprise-wide Efficiencies TAX

2 2008 KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG

3 Conquering today s supply chain challenges Companies are expanding their supply chains across the globe, seeking new markets and capturing cost efficiencies. Yet with every new link forged in a supply chain there are new operating costs to consider. Leading companies recognise that comprehensive tax planning across their supply chain structure can open up opportunities to drive global cost savings and mitigate risks. A comprehensive approach is needed that identifies all supply chain costs, including taxes. KPMG s Tax Efficient Supply Chain Management (TESCM) services can help KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

4 2 Tax Efficient Supply Chain Management Services At KPMG, we understand the importance of aligning tax and business considerations across the supply chain. Our broad experience enables us to work with companies to evaluate, design and implement changes to their supply chains that integrate tax with business objectives. The benefits can be significant, including realisation of taxenhanced operational benefits, integrated operations and business models, and an overall reduced risk profile. International Trade Outpaces Economic Growth Exports Imports Nominal GDP (US$ at PPP) Source: EIU data combines the total from Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea According to the 2008 World Development Indicators issued by the World Bank, developing economies now account for 41 percent of the world s output, up from 36 percent in The growth in trade from Asian countries have been particularly relevant and continues to outpace overall economic growth. These trends also reflect the increasing integration of the global market and the opportunities created by looking beyond one s own borders. Facing new global complexities A growing number of companies are turning to global markets to expand. Competition is driving many companies that historically have focused on the domestic market to globalise and find new, low-cost supply sources. For example: Enterprises with manufacturing operations in Asia are now also looking to source from new locations within the region in order to manage country-specific risks and take advantage of lower cost production facilities. Asian companies are expanding rapidly into new markets and reaching new clients around the globe. Multinational enterprises are competing for a share of Asia s fast-growing Asian consumer markets. We live in a world of highly interdependent markets for goods, services, finance, labour, and ideas. When we measure economies on a comparable global scale, the growing clout of developing countries comes into sharp relief. - Alan Gelb - the Acting World Bank Chief Economist and Senior Vice President for Development Economics. Source: Press Release 2008/265/DEC World Bank Foreign Direct Investment (FDI)/Gross Domestic Product (GDP) versus headline domestic Corporate Income Tax rates FDI/GDP 20.00% 18.00% 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% Hong Kong Singapore China Taiwan South Korea Vietnam Malaysia Thailand New Zealand India Australia Philippines Indonesia Japan 0.00% 15.00% 20.00% 25.00% 30.00% 35.00% Corporate Income Tax Rate Source: FITA, EIU Attractive corporate income tax rates can be a driver to stimulate foreign direct investment into an economy. Note: This chart does not include other national and/or local taxation (or tax incentives) that could impact the overall effective income tax rate, for example the application of local business taxes, surcharges and taxes on distribution KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG

5 Tax Efficient Supply Chain Management Services 3 Such extensions of the supply chain create many new complexities, for example in a company s human resources, legal, tax, IT, marketing, R&D, and finance functions. Integrating tax and supply chain planning is one way that successful companies can turn these complexities to their advantage. Taking a proactive approach The first step in effective, proactive planning is to recognize the central role that the tax function can play and the value it can bring to global supply chain planning. It is important to understand that tax concerns need to be considered before any changes are made to a supply chain. The largest opportunities often arise due to related fundamental changes in business models and supply chains as a result of: Mergers or acquisitions and post-acquisition operational integration Corporate restructurings Significant new plant developments, expansions, and capital expenditures R&D spending and technology breakthroughs Centralisation of functions, risks, and other activities. Identifying and being in a position to address opportunities arising from these kinds of changes requires the proactive involvement and early integration of the tax function into the process. It is imperative, however, that companies looking into developing cost-efficient business models and supply chains institute a culture of cross-functional collaboration and proactive planning. This can be achieved by clear leadership and communication from the board and executive committee. We understand the issues Understanding the range of tax issues is critical to cost-effective supply chain management. Modern supply chains can cut across many tax and regulatory environments. Successfully managing the issues in these different jurisdictions requires not only understanding but also the ability to shape the supply chains to meet the total business objectives. KPMG s TESCM professionals offer extensive global tax knowledge and industry experience, and a proactive, cross-functional approach. KPMG s TESCM professionals can help to: Perform supply chain location analysis, considering key decision criteria and issues such as labor costs, infrastructure, and framework Address demand and supply variability through inventory positioning and valuation analysis Business Performance Management Issues: Global sourcing Contract manufacturing Shared services Process efficiencies Cost optimisation Capacity management Distribution network management Freight and logistics Sales and distribution TESCM Perform total cost analysis (from manufacturing to the customer) and distribution scenario analysis Manage customs compliance and identify opportunities to manage indirect tax issues to improve cash flows and meet compliance requirements Prepare transfer pricing documentation Reduce duty costs and improve cross-border movements with various customs programs such as free trade agreements, customs unions and free/ foreign trade zones Develop operating structures, including procurement, manufacturing and distribution to help managing total landed costs of goods Identify opportunities for incentive packages, for example income tax and other credits in the local jurisdiction Assess the benefits and facilitate planning, analysis, and implementation of shared service centres. Tax Considerations: Asset dispositions Transfer pricing Profit repatriation Customs and trade zones Location of taxable events Indirect taxes Permanent establishment issues Local taxation Incentives (corporate/individual) 2008 KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG

6 4 Tax Efficient Supply Chain Management Services The cornerstones of effective integration A number of factors, or cornerstones, must be in place for effective integration to be achieved. At KPMG we call these factors the CAPE cornerstones: Communicate: Tax and operations departments need to speak with one another consistently to ensure that each side s constraints are understood and common ground is identified. Analyse: It is one thing to know the current status of the business and the compliance requirements of various tax jurisdictions. It s another to stay on top of planned business changes, pending legislation, and changing economic conditions across multiple tax jurisdictions. Execute: The operations and tax teams have come together and forged a plan to overcome issues. Now it is time to implement plans and galvanise the new structure. We bring global understanding and crossfunctional experience Having the right approach will not achieve the expected benefits if one does not have the right experience to implement it. That s where KPMG s TESCM team can help. Our crossfunctional teams provide project management experience to develop and implement the right solutions for each client. We draw upon the resources of KPMG member firms, including professionals in Tax and Advisory Services and those with industryspecific experience. KPMG member firms can deliver a consistency of services through their ability to: Bring together professionals with tax and operational experience from around the world Provide thought leadership on leading practices Map out tax-efficient supply chain structures Facilitate internal discussions Provide project management experience Assist in plan implementation. Plan: After analysing a desirable jurisdiction, it is up to the supply chain management team, including tax members, to plan for the future stateof-being when the company adopts a new structure KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG

7 Contact Us For more information on how KPMG s Tax Efficient Supply Chain Management services can help your organisation, contact your local KPMG adviser or: Chris Abbiss Principal and Regional Leader, TESCM Dick Nijdam Asia Pacific Regional Tax Director, TESCM KPMG 8th Floor, Prince s Building 10 Chater Road Central, Hong Kong Tel: Fax: KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG

8 kpmg.com Australia 10 Shelley Street Sydney NSW 2000 Australia Tel: +61 (2) China 8th Floor, Tower E2 Oriental Plaza 1 East Chang An Avenue Beijing China Tel: +86 (10) Hong Kong SAR 8th Floor, Prince s Building 10 Chater Road Central Hong Kong Tel: Indonesia 35th Floor WISMA GKBI 28, JI. Jenderal Sudirman Jakarta Indonesia Tel: +62 (21) Japan Izumi Garden Tower Roppongi Minato-ku Tokyo Japan Tel: +81 (3) Korea 10th Floor, Gangnam Finance Center 737 Yeoksam-dong Kangnam-gu Seoul Republic of Korea Tel: +82 (2) Malaysia Level 10, KPMG Tower 8 First Avenue Bandar Utama Petaling Jaya Malaysia Tel: + 60 (3) New Zealand 18 Viaduct Harbour Avenue Auckland 1 New Zealand Tel: +64 (9) Philippines 22nd Floor, Philamlife Tower 8767 Paseo de Roxas Makati City 1226, Metro Manila Philippines Tel: +63 (2) Singapore 16 Raffles Quay #22-00 Hong Leong Building Singapore Singapore Tel: Taiwan 68th Floor, Taipei 101 Tower No.7, Sec. 5, Xinyi Road Taipei Taiwan, R.O.C. Tel: +886 (2) Thailand 48th-51st Floor, Empire Tower 195 South Sathorn Road Yannawa, Sathorn Bangkok Thailand Tel: +66 (0) Vietnam 10th Floor, Sun Wah Tower 115 Nguyen Hue District 1 Ho Chi Minh City Vietnam Tel: +84 (8) The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. The views and opinions are those of the author and do not necessarily represent the views and opinions of KPMG International or its member firms. All information provided is of a general nature and is not intended to address the circumstances of any particular individual or entity KPMG International. KPMG International is a Swiss cooperative. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Printed in Hong Kong. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative. Publication date: September 2008

NOMURA SINGAPORE LIMITED

NOMURA SINGAPORE LIMITED NOMURA SINGAPORE LIMITED Key Events in Nomura's History 1925 Nomura Holdings, Inc. (formerly known as The Nomura Securities Co., Ltd.) founded in Osaka by Tokushichi Nomura II 1927 Nomura opens an office

More information

Overview of Asian Insurance Markets

Overview of Asian Insurance Markets Overview of Asian Insurance Markets Simon Walpole Session Number: TPS2 Joint IACA, IAAHS and PBSS Colloquium in Hong Kong www.actuaries.org/hongkong2012/ Market Ranking in Asia Notes: 1. Colored boxes

More information

Customer Service Documentation. Support and Escalation Contacts by Country

Customer Service Documentation. Support and Escalation Contacts by Country Support and Escalation Contacts by Country V 1.16 April 23 2015 Note: Information in this document is subject to change without notice. Oracle makes no warranty of any kind with regard to this material,

More information

Cambodia Tax Profile. kpmg.com.kh

Cambodia Tax Profile. kpmg.com.kh Cambodia Tax Profile kpmg.com.kh Content 1 2 Tax Profile Income Tax Treaties for the Avoidance of Double Taxation 6 Indirect Tax (e.g. VAT/GST) 7 8 Personal Taxation Other Taxes 9 11 Free Trade Agreements

More information

Tax Risk Management in China kpmg.com/cn

Tax Risk Management in China kpmg.com/cn TAX Tax Risk Management in China kpmg.com/cn 2 Tax Risk Management in China Tax Risk Management in China 3 New era of tax administration in China tax risk management During the last few years, governments

More information

Total Cash and Working Capital

Total Cash and Working Capital Total Cash and Working Capital Getting the most out of cash and working capital ADVISORY Today s environment Cash is key to the survival and growth of a business To satisfy shareholders To run the business

More information

Total Cash and Working Capital

Total Cash and Working Capital Total Cash and Working Capital Getting the most out of cash and working capital advisory Today s environment Cash is key to the survival and growth of a business To satisfy shareholders To run the business

More information

Seizing Opportunities in Asia and Beyond

Seizing Opportunities in Asia and Beyond Seizing Opportunities in Asia and Beyond Asia, the region of growth opportunities 30% Projected contribution from Asia (excluding Japan) to global GDP in 2020. Today, Asia is the world s fastest growing

More information

U.S. Inbound Tax Services

U.S. Inbound Tax Services TAX U.S. Inbound Tax Helping foreign companies achieve tax-efficiency in their U.S. operations kpmg.com 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network

More information

ENERGY LIABILITY INsuRANcE IN AsIA pacific

ENERGY LIABILITY INsuRANcE IN AsIA pacific ENERGY LIABILITY insurance in asia pacific 0 ACE insured means being protected by one of the world s leading insurance companies with people who understand your risks and go out of their way to help. ENERGY

More information

Global Infrastructure: Trend Monitor

Global Infrastructure: Trend Monitor Global Infrastructure: Trend Monitor Southeast Asian Transport Edition: Outlook 2010 2014 ADVISORY The Global Infrastructure: Trend Monitor is a series of publications allowing infrastructure expenditure

More information

Indonesia. kpmg.com/id. Contact us. Siddharta & Widjaja Audit Services T: + 62 (0) 21 574 2333 / 574 2888 F: + 62 (0) 21 574 1777 / 574 2777

Indonesia. kpmg.com/id. Contact us. Siddharta & Widjaja Audit Services T: + 62 (0) 21 574 2333 / 574 2888 F: + 62 (0) 21 574 1777 / 574 2777 Contact us Siddharta & Widjaja Audit Services T: + 62 (0) 21 574 2333 / 574 2888 F: + 62 (0) 21 574 1777 / 574 2777 KPMG Advisory Indonesia Tax Services T: + 62 (0) 21 570 4888 F: + 62 (0) 21 570 5888

More information

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015

Laos Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: June 2015 Laos Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3 Indirect

More information

Sri Lanka Tax Profile

Sri Lanka Tax Profile Sri Lanka Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: September 2014 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation

More information

Indonesia Tax Profile

Indonesia Tax Profile Indonesia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: November 2013 Contents 1 Corporate Income Tax 3 2 International Treaties for the Avoidance of Double Taxation

More information

DuPont Freon REFRIGERANTS

DuPont Freon REFRIGERANTS DuPont Freon REFRIGERANTS Technical Information T-12 SI Thermodynamic Properties of DuPont Freon 12 (R-12) Refrigerant Thermodynamic Properties of DuPont Freon 12 (R12) SI Units Tables of the thermodynamic

More information

FACT SHEET INTERNATIONAL SERVICES GLOBAL INTERNET ACCESS (GIA)

FACT SHEET INTERNATIONAL SERVICES GLOBAL INTERNET ACCESS (GIA) UNCOMPROMISING GLOBAL INTERNET CONNECTIVITY Telstra Wholesale s Global Internet Access (TW GIA) service provides high-performance, superior quality internet access in the Asia Pacific region and direct

More information

International Employee Guide Assistance Repatriation International SOS n 202

International Employee Guide Assistance Repatriation International SOS n 202 International Employee Guide Assistance Repatriation International SOS n 202 You are going to leave or have already left France or your country of origin for a foreign destination. Your company has joined

More information

ASIAN PORTFOLIO INVESTMENT ADVISORY

ASIAN PORTFOLIO INVESTMENT ADVISORY ASIAN PORTFOLIO INVESTMENT ADVISORY This Asian Portfolio Investment Advisory service is set up to assist international financial advisory and planning organizations to create dedicated Asian investment

More information

Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico

Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico Joint General Assembly APLAC-PAC 2014 June 21-28, Guadalaja, Mexico Suggestions air transportation to Guadalajara, Mexico Below are some suggested connections that can be taken from different countries

More information

Taxation of Cross-Border Mergers and Acquisitions

Taxation of Cross-Border Mergers and Acquisitions KPMG INTERNATIONAL Taxation of Cross-Border Mergers and Acquisitions kpmg.com 2 : Taxation of Cross-Border Mergers and Acquisitions Introduction The (UAE) is a federation of seven Emirates: Abu Dhabi,

More information

Cambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: August 2013

Cambodia Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: August 2013 Cambodia Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: August 2013 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation 5 3

More information

The Southeast Asia Data Centre Market A look at new players and key drivers as well as the opportunities and challenges in Asia

The Southeast Asia Data Centre Market A look at new players and key drivers as well as the opportunities and challenges in Asia The Southeast Asia Data Centre Market A look at new players and key drivers as well as the opportunities and challenges in Asia Ronald van Kleunen CEO Globeron (ronald@globeron.com) Philip Low CEO BroadGroup

More information

How to register your Symantec product

How to register your Symantec product ASIA PACIFIC Symantec Service and Support Solutions Symantec is committed to excellent service worldwide. Our goal is to provide you with professional assistance in the use of our software and services,

More information

Thailand Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: November 2013

Thailand Tax Profile. Produced in conjunction with the KPMG Asia Pacific Tax Centre. Updated: November 2013 Thailand Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: November 2013 Contents 1 Corporate Income Tax 1 2 International Treaties for the Avoidance of Double Taxation

More information

VALUE ADDED TAX in GREATER CHINA Risks and Opportunities

VALUE ADDED TAX in GREATER CHINA Risks and Opportunities VALUE ADDED TAX in GREATER CHINA Risks and Opportunities Mr. Michael Lorenz German Attorney at Law, Registered Foreign Lawyer in Hong Kong and Vietnam Lorenz & Partners Page 1 About Lorenz & Partners We

More information

Tax Practice Where your success determines ours

Tax Practice Where your success determines ours Tax Practice Where your success determines ours 2 AGENDA Firm Overview 3 - Our Profile 4 - Our Attorneys 5 Tax Practice 6-7 - Our Procedures 8 - Disputes & Litigation 9 - Transactional Tax Advice 10 Contact

More information

Procurement and Logistics Service. Overcoming the challenges and complexities of international business

Procurement and Logistics Service. Overcoming the challenges and complexities of international business Procurement and Logistics Service Overcoming the challenges and complexities of international business There are massive benefits in expanding your organisation into new international territories. You

More information

CARD- NOT- PRESENT TRANSACTIONS

CARD- NOT- PRESENT TRANSACTIONS All it takes. CARD- NOT- PRESENT TRANSACTIONS MERCHANT GUIDE About this guide...1 General procedures...2 Getting all transactions authorized...3 Being careful with delivery arrangements...4 Keeping all

More information

Campus Recruiting. Tax. kpmgcampus.com

Campus Recruiting. Tax. kpmgcampus.com Campus Recruiting Tax kpmgcampus.com EVS KPMG s Economic and Valuation Services (EVS) professionals offer a wide range of advanced analytical services that help clients make forward-thinking decisions

More information

Diagnostic Checklist PEOPLE PRINCIPLES PERFORMANCE SYSTEM PRACTICE AREAS. Global Management Accounting Principles

Diagnostic Checklist PEOPLE PRINCIPLES PERFORMANCE SYSTEM PRACTICE AREAS. Global Management Accounting Principles Diagnostic Checklist Global Management Accounting Principles PEOPLE PRINCIPLES PERFORMANCE SYSTEM PRACTICE AREAS Two of the world s most prestigious accounting bodies, AICPA and CIMA, have formed a joint

More information

The Business Enablers Macau

The Business Enablers Macau The Business Enablers Macau Member of The Bank of East Asia Group 1 About Tricor 2 Macau Services 4 Tricor Offices Tricor Group (Tricor), a member of The Bank of East Asia Group, is a global provider of

More information

UK Services for Multinational Employers

UK Services for Multinational Employers UK Services for Multinational Employers May 2013 Pinsent Masons takes a comprehensive and integrated approach to advising clients around the world on employee matters from rights and risks to rewards and

More information

Offices in the Rouse Group: Africa China Hong Kong India+ Indonesia Myanmar Philippines Russia Saudi Arabia+ Thailand UAE United Kingdom Vietnam +

Offices in the Rouse Group: Africa China Hong Kong India+ Indonesia Myanmar Philippines Russia Saudi Arabia+ Thailand UAE United Kingdom Vietnam + Offices in the Rouse Group: Africa China Hong Kong India+ Indonesia Myanmar Philippines Russia Saudi Arabia+ Thailand UAE United Kingdom Vietnam + Associated office info@rouse.com www.rouse.com Hong Kong

More information

Treasury Models: Proactive Planning and Execution

Treasury Models: Proactive Planning and Execution : Proactive Planning and Execution Across Asia Pacific, corporations are proactively examining treasury structures to support current and future growth plans. As a result, treasury enhancement projects

More information

B-to-B Demand Generation Programs in Asia Pacific: What Works, What Doesn't -- Lessons Learned from Novell

B-to-B Demand Generation Programs in Asia Pacific: What Works, What Doesn't -- Lessons Learned from Novell B-to-B Demand Generation Programs in Asia Pacific: What Works, What Doesn't -- Lessons Learned from Novell David Bebko, VP Marketing Strategy & Planning Novell Inc. Tuesday, October 30, 2007 Approach Asia

More information

Roddy Sage, Executive Chairman Equiom Hong Kong

Roddy Sage, Executive Chairman Equiom Hong Kong Roddy Sage, Executive Chairman Roddy is an associate member of the Institute of Taxation, with over thirty years experience in accounting, international tax planning and investment structuring, enhanced

More information

Private Equity Tax Express

Private Equity Tax Express Private Equity Tax Express ISSUE 2 May 2014 Definition of Beneficial Owner under Entrusted Investments The State Administration of Taxation of China issued the Announcement on the Definition of Beneficial

More information

BUSINESS INTELLIGENCE & TARGET MARKETING. Copyright 2010-2015 CNCData. All Rights Reserved.

BUSINESS INTELLIGENCE & TARGET MARKETING. Copyright 2010-2015 CNCData. All Rights Reserved. BUSINESS INTELLIGENCE & TARGET MARKETING Copyright 2010-2015 CNCData. All Rights Reserved. WHO WE ARE ABOUT CNCDATA We are a world-class, highly ethical marketing and business intelligence provider with

More information

Tel Fax Email. Tel Fax Email. (a) Exchange company, clearing house, exchange controller, automated trading provider

Tel Fax Email. Tel Fax Email. (a) Exchange company, clearing house, exchange controller, automated trading provider IMPORTANT INFORMATION If you are located in Singapore and to the extent that the Services comprise dealing in securities as defined in the Securities and Futures Act (Cap. 289 of Singapore, the Monetary

More information

Building a Logistics/Supply Chain Hub The Singapore Experience. Hum SinHoon NUS Business School National University of Singapore

Building a Logistics/Supply Chain Hub The Singapore Experience. Hum SinHoon NUS Business School National University of Singapore Building a Logistics/Supply Chain Hub The Singapore Experience Hum SinHoon NUS Business School National University of Singapore BACKGROUND Singapore Rankings World Business Environment Rank Country Total

More information

EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA. October 2015. eastspring.co.id

EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA. October 2015. eastspring.co.id EASTSPRING INVESTMENTS ASIA INVESTOR BEHAVIOUR STUDY 2015 INDONESIA October 2015 eastspring.co.id 2 Asia Investor Behaviour Study 2015 - Indonesia Asia Investor Behaviour Study 2015 - Indonesia CONTENTS

More information

Title here. Services CORPORATE TAX SERVICES EXECUTIVE SERVICES TRANSFER PRICING INVESTMENT INCENTIVES AND OTHER SUBSIDIES INTERNATIONAL TAX

Title here. Services CORPORATE TAX SERVICES EXECUTIVE SERVICES TRANSFER PRICING INVESTMENT INCENTIVES AND OTHER SUBSIDIES INTERNATIONAL TAX SECTORS AND Tax THEMES Services Title here Additional information kpmg.cz in Univers 45 Light 12pt on 16pt leading kpmg.com TAX OUTSOURCING CORPORATE TAX SERVICES Credits and authors in Univers KPMG 45

More information

Philippines. Certified PROFESSIONAL CERTIFICATION

Philippines. Certified PROFESSIONAL CERTIFICATION Philippines Certified Logistics and Supply Professional (Asia Pacific) PROFESSIONAL CERTIFICATION Benefits : True reflection of your professionalism in Supply Chain Asia Pacific Be proficient to provide

More information

Dispute Resolution and Controversy Services kpmg.com.vn

Dispute Resolution and Controversy Services kpmg.com.vn TAX Dispute Resolution and Controversy Services kpmg.com.vn Dealing with tax disputes can mean uncertainty and complexity. KPMG has the experience to help you take control of the dispute resolution process.

More information

Asian Stock Markets in 2015:

Asian Stock Markets in 2015: Asian Stock Markets in 2015: Expected trends and the role of Asian Funds Passports Dr. Andrew Freris CEO, Ecognosis Advisory Ltd March 2015 1 Summary, Part I The Asian markets which outperformed in 2014,

More information

Cost optimisation. Protecting your margins in a turbulent economic environment ADVISORY

Cost optimisation. Protecting your margins in a turbulent economic environment ADVISORY Cost optimisation Protecting your margins in a turbulent economic environment ADVISORY 2 Cost optimisation The perfect storm: Tighter credit - economic uncertainty - higher operation costs The past year

More information

Your Team for China. Legal advice. Tax advice. Luther.

Your Team for China. Legal advice. Tax advice. Luther. Your Team for China Legal advice. Tax advice. Luther. Luther Law Offices Focusing on Asia Legal advice especially in Asia is more than explaining the legal system to you. We are here to do more. We make

More information

360 o View of. Global Immigration

360 o View of. Global Immigration 360 o View of Global Immigration In a fast moving global economy, remaining compliant with immigration laws, being informed and in control is more challenging than ever before. We are a globally linked

More information

Tax, Legal, Bookkeeping & Payroll Services 2015 kpmg.hr

Tax, Legal, Bookkeeping & Payroll Services 2015 kpmg.hr KPMG IN CROATIA Tax, Legal, Bookkeeping & Payroll Services 2015 kpmg.hr High performing people cutting through complexity to deliver informed perspectives and clear solutions that our clients and stakeholders

More information

Trends in Foreign Direct Investment Inflows

Trends in Foreign Direct Investment Inflows Trends in Foreign Direct Investment Inflows This article briefly examines recent trends in foreign direct investment in Australia, both in the context of the longer-term perspective and relative to the

More information

Brunei Darussalam Tax Profile

Brunei Darussalam Tax Profile Brunei Darussalam Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: April 2013 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation

More information

Software Tax Characterization Helpdesk Quarterly April 2012

Software Tax Characterization Helpdesk Quarterly April 2012 Software Tax Characterization Helpdesk Quarterly April 2012 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around the

More information

Venture Capital and Technology Industries in Vietnam

Venture Capital and Technology Industries in Vietnam Venture Capital and Technology Industries in Vietnam Henry Nguyen Managing General Partner Hanoi Office: Vincom City Tower B, 15th Floor 191 Ba Trieu Street Hai Ba Trung District Hanoi, Vietnam Tel: +84

More information

Software Tax Characterization Helpdesk Quarterly June 2008

Software Tax Characterization Helpdesk Quarterly June 2008 & McKenzie Software Tax Characterization Helpdesk Quarterly June 2008 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around

More information

China Minsheng Bank wins the award for Best China Small Business Trade Finance Bank for 2013

China Minsheng Bank wins the award for Best China Small Business Trade Finance Bank for 2013 T.A.B. International Pte Ltd 10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315 Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com Press Release FOR IMMEDIATE RELEASE China Minsheng

More information

ROCKWOOL Provider of Comfort & Safety

ROCKWOOL Provider of Comfort & Safety Corporate Profile ROCKWOOL Provider of Comfort & Safety As the world s largest producer of stone wool insulation, the ROCKWOOL Group operates in over 40 countries across Europe, North America and Asia.

More information

Moving toward AEC: Impact to Internal Audit

Moving toward AEC: Impact to Internal Audit RISK CONSULTING Moving toward AEC: Impact to Internal Audit By: Prawin Kurowat and Term Techasarin The Institute of Internal Auditors of Thailand Annual Seminar 2012 9 August 2012 ADVISORY Panel Mr. Prawin

More information

Corporate Establishment, Tax, Accounting & Payroll Throughout Asia

Corporate Establishment, Tax, Accounting & Payroll Throughout Asia Corporate Establishment, Tax, Accounting & Payroll Throughout Asia INTRODUCTION Welcome to Dezan Shira & Associates and the emerging Asia markets of China, Hong Kong, India, Vietnam and Singapore. Our

More information

International Tax Aspects of Mergers, Acquisitions and Corporate Finance

International Tax Aspects of Mergers, Acquisitions and Corporate Finance Overview and Learning Objectives This course is designed to provide participants with an in-depth analysis of the tax consequences arising from cross-border M&A and corporate financing transactions. The

More information

THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCE COMPANY 3/F PHILAMLIFE BLDG., UN AVENUE, ERMITA, MANILA TEL. NO: 528-5029 PHILAMLIFE@AIA.

THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCE COMPANY 3/F PHILAMLIFE BLDG., UN AVENUE, ERMITA, MANILA TEL. NO: 528-5029 PHILAMLIFE@AIA. THE PHILIPPINE AMERICAN LIFE AND GENERAL INSURANCE COMPANY 3/F PHILAMLIFE BLDG., UN AVENUE, ERMITA, MANILA TEL. NO: 528-5029 PHILAMLIFE@AIA.COM Media Release Contacts : CJ Malibiran Tel. No. 528-5029 Philam

More information

Taiwan e-tax Alert. Issue 37 April 7, 2014

Taiwan e-tax Alert. Issue 37 April 7, 2014 Taiwan e-tax Alert Issue 37 April 7, 2014 Views on possible applications of cross-strait taxation agreement from experience of tax treaties between Taiwan and other countries As the cross-strait taxation

More information

GLOBAL PAYMENTS AND CASH MANAGEMENT. Solutions For Asia-Pacific

GLOBAL PAYMENTS AND CASH MANAGEMENT. Solutions For Asia-Pacific GLOBAL PAYMENTS AND CASH MANAGEMENT Solutions For Asia-Pacific INTRODUCTION HSBC s commitment to supporting your cash management needs goes well beyond our extensive geographic coverage of the Asia-Pacific

More information

Media Release. 1 P a g e

Media Release. 1 P a g e Media Release Helping SMEs Recalibrate for Quality Growth - SMPs should pay attention to SMEs growing demand for advisory services, especially in Tax, Risk Management and Financial Management Singapore,

More information

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE.

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE. Fidelity Funds Société d Investissement à Capital Variable 2a, Rue Albert Borschette B.P. 2174 L-1021 Luxembourg R.C.S. B34036 Tél: +352 250 404 (1) Fax: +352 26 38 39 38 THIS DOCUMENT IS IMPORTANT AND

More information

Data Center Talent Program

Data Center Talent Program Data Center Talent Program Data Center Talent Program Program Goals What we aim at with the Data Center Talent Program is to create several hundred Cisco minded Data Center engineers. The program assumes

More information

Cement and clinker trade flows in Asia

Cement and clinker trade flows in Asia Cement and clinker trade flows in Asia Ad Ligthart Cement Distribution Consultants 19 June 2012 General overview Region includes Indian Ocean and Pacific Ocean islands (excl. Hawaii) Global cement and

More information

"Certificate Applicant" means an individual or organization that requests the issuance of a Certificate by a Certification Authority.

Certificate Applicant means an individual or organization that requests the issuance of a Certificate by a Certification Authority. Trend Micro Relying Party Agreement YOU MUST READ THIS RELYING PARTY AGREEMENT ("AGREEMENT") BEFORE RELYING ON ANY IDENTITY INFORMATION IN A TREND MICRO SSL CERTIFICATE, VALIDATING A TREND MICRO SSL CERTIFICATE,

More information

P R E S S R E L E A S E

P R E S S R E L E A S E P R E S S R E L E A S E Contact: Robert McGrath 212.984.8267 robert.mcgrath@cbre.com Corey Mirman 212.984.6542 corey.mirman@cbre.com LONDON IS WORLD S MOST EXPENSIVE OFFICE MARKET FOR SECOND STRAIGHT YEAR

More information

Ireland Country Profile

Ireland Country Profile Ireland Country Profile EU Tax Centre July 2015 Key tax factors for efficient cross-border business and investment involving Ireland EU Member State Yes Double Tax Treaties With: Albania Armenia Australia

More information

Valuation Services. Global Capabilities Delivered Locally KPMG LLP

Valuation Services. Global Capabilities Delivered Locally KPMG LLP Valuation Services Global Capabilities Delivered Locally KPMG LLP Today s global environment has elevated the importance of valuations that support financial reporting, tax planning, litigation, and mergers

More information

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong)

An overview of using Hong Kong as a platform for trade and investment with China. Daniel Booth Director Vistra (Hong Kong) An overview of using Hong Kong as a platform for trade and investment with China Daniel Booth Director Vistra (Hong Kong) Breda May, 2012 The role of Hong Kong A recognized and respected jurisdiction for

More information

AVANTGARD Private Cloud and Managed Services

AVANTGARD Private Cloud and Managed Services AVANTGARD Private Cloud and Managed Services AVANTGARD PRIVATE CLOUD AND MANAGED SERVICES SunGard meets its customers diverse set of requirements by not only bringing to market scalable, flexible, and

More information

Papua New Guinea Tax Profile

Papua New Guinea Tax Profile Papua New Guinea Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: June 2015 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation

More information

Tax Service offerings

Tax Service offerings Tax KPMG Safi Al-Mutawa & Partners Kuwait Swiss entity. All rights reserved. Printed in Kuwait. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International

More information

Your Partner in International Trade, Investment & Structured Finance. Aon Trade Credit Asia

Your Partner in International Trade, Investment & Structured Finance. Aon Trade Credit Asia Your Partner in International Trade, Investment & Structured Finance The ever-changing financial and political landscape makes it impossible to predict the future. Our culture encourages us to aggressively

More information

Thinking Beyond Borders

Thinking Beyond Borders INTERNATIONAL EXECUTIVE SERVICES Thinking Beyond Borders Hong Kong kpmg.com Hong Kong Introduction There is no general income tax in Hong Kong. For income to be subject to tax, it must fall under one of

More information

The Implications of Global Production Chain

The Implications of Global Production Chain The Implications of Global Production Chain Xiaoping Chen Nanyang Technological University CA-EAUI Summer School 2014 FTA in East Asia Workshop Korea University, Seoul Outline The Implications of Global

More information

Asset Management. For insight and guidance tailored to the changing asset management climate of the Channel Islands. kpmg.

Asset Management. For insight and guidance tailored to the changing asset management climate of the Channel Islands. kpmg. Asset Management KPMG IN THE CHANNEL ISLANDS 3 Asset Management For insight and guidance tailored to the changing asset management climate of the Channel Islands. KPMG IN THE CHANNEL ISLANDS kpmg.com/channelislands

More information

How Management Accounting Drives Sustainable

How Management Accounting Drives Sustainable How Drives Sustainable Success What DO Accountants Do? accounting is more than you think Chartered Global Accountants combine financial expertise and business acumen. accountants are trusted to guide critical

More information

APEC Architect Framework APEC Architect Register Applications for Registration Eligibility for Registration

APEC Architect Framework APEC Architect Register Applications for Registration Eligibility for Registration APEC Architect Framework Representatives of participating member economies of Asia Pacific Economic Cooperation (APEC) have joined together to create the APEC Architect framework to facilitate the mobility

More information

Drive to the top. The journey, lessons, and standards of global business services. kpmg.com

Drive to the top. The journey, lessons, and standards of global business services. kpmg.com Drive to the top The journey, lessons, and standards of global business services kpmg.com The new normal for global enterprises is about doing more with less while at the same time driving the top line

More information

Cisco Phone Systems Telemarketing Script Cold Call

Cisco Phone Systems Telemarketing Script Cold Call Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not

More information

Global Dynamism Index (GDI) 2013 summary report. Model developed by the Economist Intelligence Unit (EIU)

Global Dynamism Index (GDI) 2013 summary report. Model developed by the Economist Intelligence Unit (EIU) Global Dynamism Index (GDI) 2013 summary report Model developed by the Economist Intelligence Unit (EIU) What is the Global Dynamism Index (GDI)? the GDI assesses the dynamism of 60 of the world's largest

More information

Welcome to UL Protecting People, Products and Places

Welcome to UL Protecting People, Products and Places Welcome to UL Protecting People, Products and Places A symbol 22 billion ul marks appear on 69,795 manufacturers produced ul certified * 23,612 certified for energy star* of trust Facts & Figures 2014

More information

AN INTRODUCTION TO OUR SERVICES

AN INTRODUCTION TO OUR SERVICES GET TO KNOW BDO U.S.-CHINA TAX DESK July 2014 Page 2 AN INTRODUCTION TO OUR SERVICES SHARED CULTURE/SHARED LANGUAGE Whether you are looking to expand your business into the U.S. or China, members of BDO

More information

Job description. Hong Kong Graduate Program Assurance Audit Staff Accountant (for applicants graduating in 2016) Who we are

Job description. Hong Kong Graduate Program Assurance Audit Staff Accountant (for applicants graduating in 2016) Who we are Assurance Audit Staff Accountant (for applicants graduating in 2016) Background to Assurance Assurance professionals play a vital role in the economy by providing companies, investors and regulators with

More information

Chapter 2 Company Taxation Regimes in the Asia-Pacific Region, India, and Russia

Chapter 2 Company Taxation Regimes in the Asia-Pacific Region, India, and Russia Chapter 2 Company Taxation Regimes in the Asia-Pacific Region, India, and Russia 2.1 Overview Generally, as regards the fiscal year 2009, the tax systems in the Asia-Pacific region, India, and Russia follow

More information

Progress Exchange 2013

Progress Exchange 2013 Progress Exchange 2013 Asia Pacific Entering the Market and Growing your Business Peter Fuller Regional V.P. & Managing Director Progress Australia & New Zealand Exchange - October 2013 Agenda Emerging

More information

Asian Harmonization via Cord Blood Bank Network

Asian Harmonization via Cord Blood Bank Network Asian Harmonization via Cord Blood Bank Network Introduced by Shigetaka Asano Of Tokyo Cord Blood Bank SCA 200, Seoul Country China Indonesia Philippines Vietnam Japan Thailand Myanmar Korea Malaysia Cambodia

More information

Maximizing ROI in Asia Pacific ecommerce. Asia E-commerce and Digital Marketing Innovation Summit 22 nd January 2016

Maximizing ROI in Asia Pacific ecommerce. Asia E-commerce and Digital Marketing Innovation Summit 22 nd January 2016 Maximizing ROI in Asia Pacific ecommerce Asia E-commerce and Digital Marketing Innovation Summit 22 nd January 2016 Asia Pacific: US$1 trillion in ecommerce by 2020 B2C e-commerce sales in trillions USD

More information

This is a licensed product of Ken Research and should not be copied

This is a licensed product of Ken Research and should not be copied 1 TABLE OF CONTENTS 1. Asia-Pacific Insurance Industry 1.1. Industry Introduction 1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P 1.3. Asia-Pacific Insurance Market Segmentation

More information

Sri Lanka. Institute of Supply & Materials Management PROFESSIONAL CERTIFICATION

Sri Lanka. Institute of Supply & Materials Management PROFESSIONAL CERTIFICATION Sri Lanka Institute of Supply & Materials Management Certified Logistics and Supply Professional (Asia Pacific) PROFESSIONAL CERTIFICATION Benefits : True reflection of your professionalism in Supply Chain

More information

Incorporating International Tax Laws in Multinational Capital Budgeting

Incorporating International Tax Laws in Multinational Capital Budgeting APPENDIX 14 Incorporating International Tax Laws in Multinational Capital Budgeting Tax laws can vary among countries in many ways, but any type of tax causes an MNC s after-tax cash flows to differ from

More information

Energizing a world that demands more.

Energizing a world that demands more. Eaton is a power management company with 2014 sales of $22.6 billion. Eaton provides energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more

More information

Your partner. in Hong Kong

Your partner. in Hong Kong Your partner in Hong Kong About our firm Midland Consult (Hong Kong) Limited, was set up in 2009 and it s a subsidiary which forms a part of Midland Group of companies a highly skilled professional corporate

More information

BEIJING SHANGHAI HONG KONG

BEIJING SHANGHAI HONG KONG BEIJING SHANGHAI HONG KONG BEIJING - SHANGHAI - HONG KONG ASIAN PRACTICE Chiomenti Studio Legale is an international law firm present in China, with offices in BEIJING, Shanghai and Hong Kong. Expansion

More information

ANNEX TABLES Table 1. Revenue by ICT Type Revenue * Share to Total Revenues Growth Rate ICT Type 2004 2005 2004 2005 (in percent)

ANNEX TABLES Table 1. Revenue by ICT Type Revenue * Share to Total Revenues Growth Rate ICT Type 2004 2005 2004 2005 (in percent) ANNEX TABLES Table 1. Revenue by Revenue * Share to Revenues 2004 2005 2004 2005 Contact Centers 32,904.1 54,295.1 44.4 49.4 65.0 Medical Transcription 236.7 466.2 0.3 0.4 97.0 Animation 694.2 939.1 0.9

More information

Session 5b Aging Asia 5b.1) Aging Asia: Asset Rich, Income Poor? Key risks to retirement income security and investment implications

Session 5b Aging Asia 5b.1) Aging Asia: Asset Rich, Income Poor? Key risks to retirement income security and investment implications Session 5b Aging Asia 5b.1) Aging Asia: Asset Rich, Income Poor? Key risks to retirement income security and investment implications Michael Dommermuth 26/06/2014 Sourced: Manulife Asset Management 1 Aging

More information