Indirect taxes play an important role in China, representing around 60% of total government revenues. There is a plan to expand their VAT regime, greatly broadening the tax base in China. India’s indirect tax regime is made up of a plethora of different tax types. A radical simplification is long overdue but it does now appear to be on the way. Malaysia has seen repeated delays to the implementation of its new GST system. As regards the Middle East, the Gulf Cooperation Council countries decided they would adopt a GST transaction tax, though it would be separately implemented in each country.
