Tax trends in Asia: regional tax updates and perspectives on global developments

Partner, Yulchon LLC International Tax; Tax Dispute M&A; Private Equity; Private Wealth

Irene practises in all aspects of Tax and Revenue law advisory, structuring, planning, audits, investigations, dispute resolution and litigation (including tax appeals, declaratory proceedings, judicial review applications, civil suits etc.), sales tax, service tax, goods and services tax (GST), transfer pricing, income tax, real property gains tax, indirect taxes, stamp duty, taxation of oil and gas companies, tax incentives, trusts, and asset protection and planning. Irene has appeared as counsel for taxpayers before the GST Appeal Tribunal, the Special Commissioners of Income Tax and the Superior Courts of Malaysia. She is recognised for her tax work by The Legal 500 Asia-Pacific, Chambers Asia Pacific, Euromoney’s Expert Guides and by the International Tax Review. She is an author for tax publications for Bloomberg BNA and also won the International Tax Contributor of the Year 2018 awarded by Bloomberg Tax.

Rahayu Ningsih Hoed has been with Makarim & Taira S. for more than 30 years, making her the most senior partner at the firm. With a background in journalism and paralegal work, she has gained extensive experience in almost every aspect of legal practice. She is widely recognized as an authority on corporate and M&A transactions, arbitration, employment, and project financing. Rahayu has represented major multinationals companies, including Sumitomo Corporation, Halliburton, Marubeni Corporation, Shell, GAP Inc, Kellogg Brown & Root, and more. Her accomplishments include securing project financing for the 1,320MW large capacity Tanjung Jati B power plant and its expansions, negotiating major land acquisitions for infrastructure and mining projects, and handling highly sensitive mass employee terminations. Her expertise is acknowledged in several legal directories, such as Chambers and Partners, where she is listed as a Key Individual for Dispute Resolutions and Real Estate, and Legal500, where she is a Leading Individual for Corporate and M&A, Employment, Projects and Energy and Real Estate. Asialaw Profiles has also designated her as an Elite Practitioner, and IFLR1000 has ranked her as a Highly Regarded lawyer.

Dr. Na Li, Professor, East China University of Political Science and Law, Shanghai, China Professor Li obtained an LLB from Fudan University in China in 2001, an LLM in tax law from Boston University in the United States in 2009, and a PhD from Vienna University of Economics and Business in Austria in 2015. Her research areas are Chinese tax law and international tax law. She is also both a Chinese lawyer and a US (New York State) lawyer, practicing in cross-border investment and international taxation.

Mr. Amit Singhania is a Partner in the Firm's Tax Practice Group. Prior to joining Shardul Amarchand Mangaldas, he has worked with PricewaterhouseCoopers Private Limited for four years. At the firm, Amit is working very closely on matters pertaining to cross border investments and financial services sector. He has recently finalized the structures for inbound investments for Walmart, Tiger Media Holdings, Rabo Bank, Mayfield, Canaan Advisors, BMO Nesbitt Burns, etc. Mr. Singhania has recently worked closely on matters pertaining to negotiating contracts and escrow mechanism in cross border buyouts. In this regard, he has advised Luxor Capital, Amex, Goldman Sachs, AT&T Inc., etc. He has extensive experience in mergers and acquisitions and other transaction advisory, where he provides holistic solutions to clients. Amit also advises clients on transfer pricing issues, strategizing tax litigation matters, representation before courts and tax authorities, and policy advocacy. Amit has recently represented Walmart in acquisition of Flipkart. Amit is a member of tax committee of CII, FICCI and ASSOCHAM. WWL has recognised him as “Global Leader” in the ‘Who’s Who Legal Corporate Tax Global Guides 2022’. RSG Consulting have recognised him as a prominent tax practitioner. He is ranked consistently by Chambers and Partners and recently in their 2022 edition for Taxation.