Tax

Value Added Service models in Asia

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In the wake of slowing economies in Europe and the US, Asia is attracting greater investment as both a market as well as a manufacturing center. To maximize the returns on their investment, MNCs are regionalizing their Asia operations and reaping the benefits that leverage brings.

However, implementing a regionalized business model in Asia, requires careful planning. The traditional "Principal" structure offers operational and tax efficiencies, but may require IT systems and operational changes that are not timely for the business. Effective cash repatriation and treasury management are also important considerations.

As a Tax professional, being aware of the challenges is only part of the answer. It is also necessary to understand the possible models, the paths to change and the likely response from Tax Authorities in Asia, to execute effective planning. This webcast focuses on the Value Added Services (center-led) model for Asia.

Join our team of EY TESCM leaders as they discuss:

  • The regionalization wave, the benefits and challenges it brings in Asia
  • The transformation journeys and typical models - that we see companies implementing
  • The Value Added Services (Center-led) model to address specific challenges
  • Consideration of transfer pricing, tax risks and returns for VAS models

 

Panelists:

Matt Andrew

EY

Matt is the Asia TESCM leader, responsible for EY's Asia TESCM Centre of Excellence, which is a dedicated team of TESCM professionals in Singapore, HK and Shanghai, responsible for the development of leading edge and market-relevant restructuring solutions for Asia, and establishing TESCM training for companies in Singapore.

He brings more than 15 years of TESCM restructuring and transfer pricing experience, working with multinational companies in Singapore, Hong Kong, New Zealand, Australia, the Netherlands, Switzerland, Ireland and the United States, seeking to restructure their operations.

His experience includes establishing a range of business models, including principal structures, specialised structures for domestic transactions and centralised procurement and other service models (in Singapore, Hong Kong, Netherlands, Switzerland and Ireland).

Matt's restructuring experience spans the gamut from feasibility to implementation phases, providing solutions that integrate specialist international tax, transfer pricing, indirect tax/customs and advisory support.

He has led restructuring projects for clients in agribusiness, consumer goods, engineering services, life sciences, oil & gas and finance industries, for Asia Pacific, European and U.S. corporations.

Matt has received a Bachelor of Law, Bachelor of Arts and Masters in Politics and Economics, and is a Barrister and Solicitor of the New Zealand High Court, a Member of the Singapore Institute of Taxation Professionals and the Taxation Institute of Australia.

Edvard Rinck

EY

Edvard is a partner in EY's Tax Effective Supply Chain Management (TESCM) practice in our Greater China Sub-Area, based in Hong Kong. He has more than 19 years of experience as a tax professional and has worked exclusively on TESCM engagements since 1997. Before coming to Asia in 2011, Edvard has lived and worked in the Netherlands, Hungary, the United States and Switzerland.

Edvard has extensive experience as a workstream leader for direct tax and transfer pricing (DTTP) in TESCM engagements; leading alignment of business and tax design of organization, processes and key performance indicators; and as a TESCM overall project leader and integrator.

As a TESCM project leader, he has led many projects involving design and implementation of centralised business models (including procurement) in different regions, as well as limited risk manufacturing, R&D, engineering and distribution operations.

He brings experience working across a number of industries: automotive, white goods manufacturing, industrial manufacturing, fast moving consumer goods, life sciences, apparel and electronics sectors.

Edvard received a bachelor degree in Business Administration from Nijenrode University, Breukelen, the Netherlands and a doctoral degree in Fiscal Economics from Erasmus University, Rotterdam, the Netherlands.