Dbriefs Asia Pacific Tax Webcasts
Anticipating tomorrow's complex issues and new strategies is a challenge. Reach new heights with Dbriefs that give you valuable insights on important developments affecting your business in Asia Pacific
Bulletin 16: A Significant China Tax Guideline on Outbound Payments to Related Parties
4 August, 2:00 – 3:00 PM HKT (GMT +8)
Host: Eunice Kuo
Presenters: Victor Li and Aaron Wang
Most MNCs in China have encountered various challenges on outbound payments to related parties in the past, and outbound payments have been listed as one of the top challenges for MNCs doing business in China. To streamline transfer pricing practices in China and in considerations of the BEPS principles, the State Administration of Taxation (SAT) has published Bulletin 16 on 18 March 2015 as a comprehensive guideline regarding outbound payments. We'll discuss:
- Background of the release of Bulletin 16.
- Specific tests and principles in determining the tax deduction entitlement of the service / royalty fees.
- Practices and cases we have seen since the issuance of Bulletin 16.
- Consistency between Bulletin 16 and the BEPS Project?
- Our observations and recommendations.
Gain insights on the context of China's focus on tax compliance and protecting its tax base, and how to formulate an effective tax controversy strategy in cases of disputes.
VAT and GST Refunds: Is Your Business Taking Maximum Credit?
6 August, 5:00 – 6:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Olivier Hody, Stephen Tobias, and Turmanto
VAT, GST, and other indirect taxes are at least a cash flow cost to businesses. With refund mechanisms being available to businesses in Asia Pacific, companies will need to find out if their business is taking maximum credit. Are you doing what you need to help your business recover VAT, GST, or similar taxes in each country in which you operate? How are you ensuring that employee expense reporting and reimbursement systems maximize the potential for recovery of indirect tax? Are you getting the required invoices and other documentation to support your claims to input tax on costs flowing through accounts payable? Most businesses in the region also incur significant overseas VAT or GST – are you allowed to recover this tax and what are the protocols and procedures for recovering these transaction taxes? We will examine this issue with a focus on Australia and Indonesia. We'll discuss:
- Refund mechanisms, for registered taxpayers and separately for non-resident businesses.
- Good practices in dealing with VAT / GST incurred outside of the "home" country, drawing on the long-established European Union VAT refund mechanisms.
Understand more on the VAT and GST landscape and find out how your business can manage indirect taxes more effectively.
Industries – Financial Services
FATCA and CRS in Asia Pacific: Developments and Next Steps
13 August, 2:00 – 3:00 PM HKT (GMT +8)
Host: Jim Calvin
Presenters: Candy Chan, Sean McGrady, and Alison Noble
The automatic exchange of information is rapidly becoming the global standard. Many countries have committed to implementing the OECD's Common Reporting Standard (CRS) beginning in 2017 and with others following in 2018. At the same time, the U.S. Foreign Account Tax Compliance Act (FATCA) continues to pose challenges. CRS builds upon FATCA, and is intended to provide a global standard for the automatic exchange of financial account information between governments, but there are differences between FATCA and CRS and between jurisdictions. We'll discuss:
- An update on Intergovernmental Agreements and FATCA guidance.
- An overview of the current position of jurisdictions in Asia Pacific for CRS, highlighting differences between jurisdictions.
- The main differences between CRS and FATCA, including concessions.
- How these differences can affect CRS implementation and current FATCA activity.
- The road forward.
Learn about the current status of these global standards in Asia Pacific and how you should prepare going forward.
Base Erosion and Profit Shifting (BEPS): Likely Impact on Common Business Models in Asia Pacific
18 August, 2:00 – 3:00 PM HKT (GMT +8)
Host: Steve Towers
Presenters: Leonard Khaw, Ben Pickford, and Cam Smith
Business models need to be re-assessed in the light of the BEPS Project. In this webcast, we will review a number of common business models in Asia Pacific, and identify the likely impact of the BEPS Project. We will also canvass a number of potential responses. In particular, we'll discuss:
- "Supply chain" structure involving the manufacture and sale of goods, with a Singapore principal.
- Procurement structure.
- Digital supplies.
- Contractual allocation of risk.
- Payments of royalties to the legal owner of intangibles.
- Holding company structure.
- Group finance company.
- Fund management.
Identify the potential impact of the BEPS Project on common business models in Asia Pacific.
India's New Export Incentive Schemes: A Real Boost for Exporters of Goods and Services
27 August, 2:00 – 3:00 PM HKT (GMT +8)
Host: Prashant Deshpande
Presenters: Monika Arora and Saloni Roy
In line with the Government's vision to make India a manufacturing powerhouse over the next decade and to spur foreign investments in the manufacturing sector, the recently announced Foreign Trade Policy (FTP) contains various measures that will promote growth in the domestic manufacturing sector. As a step further to raise the global competitiveness of the Indian manufacturing and service sectors, the new FTP has revamped various export incentives available to the exporters of goods and services. The two new schemes under the FTP, namely Merchandise Export from India Scheme (MEIS) and the Service Exports from India Scheme (SEIS), aim to provide benefits to all exporters doing business in India. We'll discuss:
- Overview of the "Make in India" initiative of the Government.
- Background and challenges under the former schemes under which export incentives were given.
- Key features and advantages of MEIS and SEIS, and how these will benefit the export sector.
Understand the new policy initiatives and the nuances of the new schemes.
Industries – Energy & Resources
The Taxation of Service Providers in Timor-Leste and the Joint Petroleum Development Area (JPDA)
1 September, 2:00 – 3:00 PM HKT (GMT +8)
Host: Francis Thomas
Presenters: Catherine Pollard and Nilesh Sewpal
Investment opportunities abound in Southeast Asia’s youngest country, Timor-Leste, and in the Timor Sea. What do you need to know when investing in this market? We’ll discuss:
- Tax incentives available to new investors in Timor-Leste.
- The taxation of service providers in the non-petroleum sector.
- The taxation of service providers in the petroleum sector in Timor-Leste and in the JPDA.
- Transfer pricing.
Don’t get left behind: find out what you need to know when investing in Timor-Leste.
Inbound Investment into Taiwan: Keeping up with The Changes
8 September, 2:00 – 3:00 PM HKT (GMT +8)
Host: Jun Takahara
Presenters: Arthur Chen and Cheli Liaw
For years, Taiwan has remained as a key location for contract manufacturing and R&D because it has a large talent pool and friendly investment environment. However, what opportunities and challenges should foreign investors consider when entering this vibrant market? We'll discuss:
- Business and regulatory environment for inbound investment.
- Foreign investment update.
- Proposed tax regulation update.
- Recent tax audit cases.
Gain a clearer understanding of the inbound investment climate in Taiwan and consider ways for your company to make tax-efficient moves there.
Transfer Pricing Developments in India: Range, Multiple Year Data, Advance Pricing Agreements, and Audits
10 September, 2:00 – 3:00 PM HKT (GMT +8)
Host: Anis Chakravarty
Presenters: Manisha Gupta and Sanjay Kumar
Recent transfer pricing developments in India include proposals from the Government to reduce the extent of audits and litigation. The range and multiple year data concept will soon be incorporated into law. Furthermore, some high profile judgments are ensuring that the path to transfer pricing certainty slowly becomes clear in India. What does this mean for your Indian operations? We'll discuss:
- Impact of the range and multiple year data concept on intercompany transactions.
- Latest happenings in audit and tax scrutiny.
- Status of the Advance Pricing Agreements (APA) program.
- Review practical implications of key rulings and understand how they affect transactions.
Find out how companies impacted by Indian transfer pricing can navigate the regime with these updates.
Business Travelers Go Global: Managing the Risks
15 September, 2:00 – 3:00 PM HKT (GMT +8)
Host: Don Riegger
Presenters: Russell Bird, Daniel Walker, and Hong Ye
For many businesses, the short term business traveler is an essential resource. However, encouraging employees to travel across international borders fulfilling immediate business staffing needs or meeting with overseas colleagues or clients inevitably presents tax compliance risks. Employees working in multiple locations are often senior executives whose cross-border travel is rarely covered by an international assignment policy. They typically do not cease home location tax residence yet can still trigger tax obligations and liabilities in other jurisdictions, both for themselves as employees, and for their employer. In this session, we will explore these risks from an individual tax compliance perspective together with the employer tax costs and permanent establishment (PE) issues. We'll discuss:
- Who are short term business travelers and what are the key issues which companies struggle with to manage business traveler risk?
- What are the factors driving companies to take action?
- What data sources can help companies in managing this population and the associated risk?
- Case studies of business travelers moving around Asia Pacific creating PE / corporate tax risks, individual and employer tax obligations, and immigration issues.
Discover the risks and possible solutions to ensure employees and employers comply with global tax obligations.
How do the New GST Rules Compare: India, Malaysia, and the OECD International VAT Guidelines? Chalk and Cheese?
22 September, 5:00 – 6:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Odile Courjon, Kah Seong Fan, and M.S. Mani
In Asia Pacific, there are many new indirect tax systems being introduced. The Malaysian GST went live on 1 April 2015, and India moves forward with a dual GST that may be in force as early as 2016. What are the latest developments in the two countries? We'll discuss:
- How do these new rules compare to the framework being developed by the OECD for International VAT / GST Guidelines?
- Are exports and imports taxed in a similar way in India and Malaysia?
- Do the OECD Guidelines allow businesses to create a framework where there is no double taxation (or worse) for GST in either country?
- Are non-resident suppliers of goods or services really subject to GST obligations in India and Malaysia – and what about the corporate income tax implications of a GST registration?
Stay current and find out how this may affect the way your business handles cross-border transactions and in-country transactions in both goods and services.
Inbound Investment into Indonesia: A Primer
30 September, 2:00 – 3:00 PM HKT (GMT +8)
Host: Daniel Ho
Presenters: John Lauwrenz, Carlo Navarro, and Cindy Sukiman
In recent years, Indonesia's economic potential has attracted significant amounts of foreign investment. However, a recent tax complexity survey conducted by Deloitte revealed that most tax executives felt the tax regime of the country has grown more complex in the last three years. What do you need to be aware of and how can you effectively manage potential tax exposures when pursuing investments into Southeast Asia's largest economy? We'll discuss:
- Recent and proposed changes affecting inbound investments into Indonesia, with a focus on areas such as tax facilities, tax holidays, revenue collection efforts, proposed reduction of corporate tax rate, etc.
- Recent changes to the transfer pricing regulations.
- Increased focus on tax audits as a revenue collection measure – challenges and cases.
Discover the latest inbound investment climate in Indonesia and how it affects your investment strategies into Indonesia.
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