International taxation is the category within the field of tax law concerning domestic law and treaties that covers the taxation aspects of cross-border transactions. International tax is concerned with direct taxes (income taxes, estate taxes, gift taxes, wealth taxes and social security contributions) and indirect taxes (VAT, goods/services taxes, sales taxes, customs duties).
Every country in the modern world is involved in international taxation, because every country has to design its tax system to obtain sufficient revenue for government operations,— grant tax equity or fairness, promote commercial activity within its borders.
Firms and individuals are also deeply involved in international taxation: firms must be aware of the tax impact of large business deals and on regional/international group structuring. Individuals shall consider tax impact on their assets and income in various jurisdictions.
Tax planning is the analysis of a financial situation from a tax perspective with the purpose to grant tax efficiency. In a global scenario, tax optimisation should be considered as an asset for investors who are looking for new opportunities: thanks to the analysis of both financial situation and investment plans, investors have to align tax-efficiency to their goals in order to receive the best benefits from their decisions.
Fiscal Geography is a new concept in international taxation promoted by RsA Asia and highlighting tax trends divided by geographical regions.
While tax planning is a necessary consideration for companies, also the market has to be properly evaluated: nowadays Asian countries represent the driver of GDP Growth.
Thanks to an attractive approach to FDI and a positive taxation, as decreasing CIT and new Free Trade Zones can show, Asia Pacific countries show the highest GDP Growth rate in the world, especially for South East Asian region.
Fiscal Geography aim to provide an effective approach for financial and strategic analysis focusing on corporate relocation, regional expansion, head-quarter and hub analyse, entry strategy in a new country area combining tax rates, financial and economical figures.
With a team of professionals focusing on multi-jurisdictions tax, RsA Asia offers consulting solutions for regional analysis. We may arrange an introduction meeting in our Shanghai office sharing materials and ideas on Fiscal Geography for financial and tax planning for your project in East Asia.