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Managing GST/VAT in the Asian century paper

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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 Wolfers, CTA, is the Global Head of Indirect Taxes for KPMG, and also the Global Head of Data for KPMG Tax & Legal. He is also the National Leader of KPMG Law in Canada. He has over 25 years of experience advising multinational companies on indirect taxes, as well as tax transformation and technology. Lachlan is passionate about the role of indirect taxes in driving developments in the digitalization of the tax function. His recent publications, 'Transforming the in-house tax function through Technology', ‘The Future of Indirect Taxes to 2030‘, ‘The Future of VAT in a Digital World’ and ‘The Future of Generative AI in the Tax Profession’ all seek to provide insights on developments in areas like indirect taxes, how data is managed in the tax function and in the use of technologies to chart a course to the future. Lachlan has a strong sector focus on the digital economy and in the financial services sectors, and acts for many of the largest companies in these sectors, including for industry bodies. Lachlan also has considerable experience in the implementation of VAT/GST systems, having done so in Australia in the year 2000, and in China from 2012 to 2016. In 2020 Lachlan was awarded the Indirect Tax Advisor of the year for the Asia Pacific region by the International Tax Review. Lachlan has a long history of providing support and expertise to policymakers, finance ministries and tax authorities around the world, including in China, Australia and the UK, as well as the OECD. He is admitted as a Solicitor to the Supreme Court of NSW, and is called to the Bar by the Law Society of Ontario. Earlier in his career, Lachlan was the Associate to Justice Keith Mason, President of the NSW Court of Appeal. Lachlan has co-authored the leading textbook on capital gains tax in Australia (with Adjunct Professor Gordon Cooper AM), as well as authoring chapters for textbooks on income tax and GST. He was previously a National Director of the Taxation Institute of Australia. - Current at 19 September 2025
Click here to expand/collapse more articles by Lachlan R WOLFERS.

 

This was presented at 2012 National GST Intensive .

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Joint keynote address

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El Condor Pasa - Is GST change inevitable?

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GST issues and wealth management

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Compensation for loss: Settlement arrangements, court orders and warranty claims

Author(s):  Geoff MANN,  Nika Dharmadasa,  Jayr Teng

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Compensation for loss: GST issues from the insured's perspective

Author(s):  Michael Flanderka

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GST case update

Author(s):  Cathryn FERRARIS,  Cindy Zhang

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Managing GST/VAT in the Asian century

Author(s):  Lachlan R WOLFERS

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Cross border transactions: GST update

Author(s):  Denis MCCARTHY

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Refunds and the brave new world of section 105-65

Author(s):  Michelle BENNETT

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Aquisition supplies

Author(s):  Andrew SOMMER,  Brad MILLER

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GST and E-commerce

Author(s):  Jeremy GEALE,  Alison Sharpe

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Consideration reconsidered

Author(s):  Kevin O'ROURKE

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GST and real property

Author(s):  Scott McGill,  Heydon MILLER

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GST ruling system in practice

Author(s):  Mark L ROBERTSON

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