![]() With authorities empowered by technological advances, enhanced data-gathering powers and global collaboration, this is a new era for tax enforcement. “After significant disruption to tax audits and litigation during the COVID-19 pandemic, executives across the world are anticipating a period of intense scrutiny as a new wave of global tax reform takes hold. ![]() Luis Coronado, EY Global Tax Controversy Leader, says: An overwhelming 97% of the surveyed senior tax leaders in Asean (global 95%) revealed that their organization currently manages at least one tax dispute, with 29% of Asean respondents (global 52%) overseeing disputes of US$1 million or more. Globally, leaders are already dealing with a litany of tax issues. Driving these concerns is the expectation of an enhanced focus on cross-border taxation issues, uncertainty around tax legislation and a significant increase in the number of detailed information requests from tax authorities over the coming two years. The survey reveals tax enforcement as the main concern for senior tax and finance leaders, with respondents (Asean 39%, global 35%) citing it as their largest tax risk over business risk (Asean 28%, global 26%) and legislative and regulatory matters (Asean 25%, global 30%). The survey results were launched at the EY Asean Tax Forum in May 2023. EY teams canvassed the views of more than 2,100 tax and finance leaders across 47 jurisdictions, including 127 in Asean (comprising Indonesia, Malaysia, Philippines, Singapore and Vietnam) and 20 industry sectors during the first quarter of 2023, making this the largest sample in the survey’s 20-year history. Half (50%) of the surveyed senior tax and finance leaders in Asean (global 51%) are preparing for an era of intense scrutiny on tax issues after a pause in disputes during the COVID-19 pandemic. The number of tax audits that companies experience is expected to increase by more than a third over the next two years, according to the 2023 EY Tax Risk and Controversy Survey. More than eight-in-ten (82%) of the surveyed Asean companies’ senior tax leaders (global 75%) lack complete visibility across their tax disputes globally. ![]() Indonesian taxpayers to fully prepare in addressing their tax risks, given the country's numerous new tax laws and regulations.Cross-border tax reforms top list of risks for companies operating in Asean, with 58% of the surveyed Asean companies’ senior tax leaders (global 53%) forecasting global tax reforms to increase their overall tax costs.Half (50%) of the surveyed companies’ senior tax leaders operating in Asean (global 51%) expect to experience more tax disputes in next two years. ![]()
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