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
To Be or Not to Be, Establishment or No Establishment: A VAT / GST Question
18 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Ben Pickford
Presenters: M.S. Mani, Rodger Muir, and Robert Tsang
Establishment principles continue to evolve for direct and business tax purposes but how is the world moving in Indirect Tax in this area? Do you have a VAT / GST business or permanent establishment? We'll discuss:
- How the establishment principles are evolving, with a focus on Australia, India, and Singapore as their VAT / GST systems evolve.
- The implications of BEPS Action 7 for GST purposes – if your regional entrepreneur has a GST registration through the agency provisions in Malaysia, what is the import and extent of that registration? Does a VAT or GST registration automatically mean that the business that is registered for Indirect Tax also has a Direct Tax presence?
- What do the recently finalized and adopted OECD International VAT / GST Guidelines have to say in this area?
Gain a better understanding of establishment principles in Indirect Tax and get an answer to this VAT / GST question.
Industries – Financial Services
Key Financial Services Developments and Issues
23 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Michael Velten
Presenters: Sam Gordon, Sebastian Ma'ilei, and Phoebe Ward
2016 will be an important year for financial services in Asia Pacific, with a number of key developments and issues destined to shape the tax agenda for financial services firms including banking, insurance, and investment management. What do you need to know that could impact your operations? We'll discuss:
- Risk shifting in financial services: issues in the region.
- Permanent Establishment (PE) changes and business model impacts.
- Information reporting – Common Reporting Standard (CRS) and Country-by-Country Reporting (CBCR): status in the region and moving to implement.
Gain insight into the key themes of these developments and how each impacts the financial services industry.
India's Budget 2016: Will 'Make in India' Make India?
1 March, 2:00 - 3:00 PM HKT (GMT+8)
Host: Rohinton Sidhwa
Presenters: Saloni Roy and Hemal Zobalia
India's Budget 2016 embarks upon a new journey towards achieving a simplified tax regime by bringing in a moderate tax rate accompanied with the phase out of tax incentives. The road map provided clearly indicates the serious resolve of the Government to walk down this path. However, it is equally crucial to provide the requisite stimulus to existing government initiatives like 'Make in India', 'Digital India', 'Skill India', all of which facilitate investment, promote innovation, and increase skill development. Will the GST finally see the dawn of the day? Will the overhang of a new GAAR regime and the BEPS implementation blend with other policy initiatives of the Government to accelerate the economic growth or will they take a back seat? We'll discuss:
- Emerging opportunities in Budget 2016.
- Analysis and impact of new direct and indirect tax proposals on your business.
- Optimal course of action in the context of proposed changes: Preparation to Action.
Gain insights from Deloitte experts with an in-depth analysis of the 2016 India Budget.
Advance Pricing Agreement (APA) / Mutual Agreement Procedure (MAP) Country Annual Reports: What Can We Learn?
3 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Rahul Tomar
Presenters: Yoshihiro Adachi, Brad Edwards, and James Zhao
A number of countries publish annual reports for their APA / MAP program. These reports provide substantial information around the program with insights into transfer pricing approaches typically applied by the respective tax authorities. We'll draw out relevant observations in Australia, China, and Japan around the following categories:
- Efficiency of the APA / MAP program and areas where the program works better (certain industries, unilateral vs. bilateral, etc.).
- TP methods typically used.
- Typical industries preferring APA / MAP route.
- Countries with which the program is more successful.
- How are these reports used in respective countries?
- Any trends, especially driven by the BEPS efforts?
- Potential improvements in these reports.
Stay up to date with the latest developments on APA / MAP in these Asia Pacific countries.
International Tax: What Can We Learn from the Top Tax Cases of 2015?
8 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Steve Towers
Presenters: Geoff Gill, Leonard Khaw, and David Watkins
Fascinating court decisions have emerged in 2015 involving the interpretation of double tax treaties and other international tax issues. What do these cases reveal? We'll discuss:
- Transfer pricing cases from India and Australia, dealing with location savings, "excessive" advertising and marketing expenditure, and intra-group financing.
- Entity characterization cases from the UK, Japan, and Korea.
- A permanent establishment case from Russia involving the disregard of the separate legal status of a subsidiary.
- A beneficial ownership case from Switzerland and a treaty residence case from France.
Understand technical and practical implications of key rulings and discover how they apply to your company's international tax planning.
Global Mobility, Talent & Rewards
Mobility and Employment Law: Understand the Complexities
15 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Joe Logudic
Presenters: Wei Heng Jia and Emi Uchida
Moving employees across borders is challenging and raises many issues for employer and employee alike in terms of handling tax compliance, social security and immigration compliance, and managing the associated risks. On top of these challenges, what of the legal aspects of such a move. For example, what if an employee is terminated when overseas, which jurisdiction's laws would govern the termination, what of other employment law issues that might arise when an employee works away from his or her home country? We'll discuss:
- What are the legal employment issues when dispatching employees to work in Asia with examples from China and Japan.
- Examples of the types of disputes that arise between foreign employees and the host entity and how these can be resolved.
- Commencing and ending an assignment, and termination of employment whilst on assignment – what do employers need to be aware of when handling these issues from a legal perspective?
Learn about these employment law issues relating to your mobile workforce.
BEPS: Localization of Action 13 in Australia, China, India, and Japan, and Best Practices to the New Documentation Compliance
22 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Paul Riley
Presenters: Eunice Kuo, Alan Shapiro, and S. P. Singh
As the OECD / G20 BEPS project has moved into the implementation phase, multinational companies have to prepare for the new documentation requirements at their headquarters and also in respective countries. Do you have an update of domestic legislative activities and timelines to incorporate the three-level documentation requirements into specific domestic tax regimes? What is the practical approach for multinational companies to align the local requirements with their global efforts? We'll discuss:
- Changes to the OECD's transfer pricing documentation requirements and how will they be applied by Australia, China, India, and Japan?
- Mechanism for local country adoption of the changes including legislation, regulation, administrative ruling, etc.
- Threshold and effective date.
- Practical approach for multinational companies to prepare for the multiple-level documentation for global alignment and for group efficiency.
Gain insights on the best practices of these countries in adopting BEPS Action 13.
Wheels of Change in GST / VAT: China, India, and Malaysia in Transition
29 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Sarah Chin, Prashant Deshpande, and Sen Elalingam
China, India, and Malaysia have taken different paths on the road to an integrated VAT / GST system. China’s new VAT system apparently will be in place in 2016. India has been approaching GST reform in fits and starts. The Malaysian GST is nearing its first anniversary at the beginning of Q2 2016. What should your business be doing and considering to stay ahead of these changes and be in compliance? We'll discuss:
- The latest industry / sector developments in China with the new VAT system.
- Is the April 2016 implementation for the new dual GST really on in India? And if not, what are the likely timelines and new developments?
- What is next for GST in Malaysia after the first year of implementation? What did the country’s latest Budget illustrate and do in relation to emerging GST principles there?
Gain insights from the Deloitte experts for some pointers and comparisons across these three countries in transition.
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