Dbriefs Industries Webcasts
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Webcasts archived in the last 6 months can be accessed on this page
Webcasts archived in the last 6 months can be accessed on this page. For a complete program schedule and topic information on upcoming webcasts, select the Program Guide.
BEPS Implementation: Status Report
21 June 2016
* Length of webcast: 75 minutes
Host: Steve Towers
Presenters: Anis Chakravarty, Leonard Khaw, and David Watkins
The BEPS project has now entered the implementation phase. In this webcast, we will review the progress (both in Asia Pacific and globally) which has been achieved to date. In particular, we'll discuss:
- Implementation via domestic tax law amendments (Actions 1, 2, 3, 4, 5, 12, and 13): what's being implemented, what's not?
- Amendments to the OECD's Transfer Pricing Guidelines (Actions 8-10 and 13): which countries have started to implement the changes, and which have not?
- Double tax treaty changes (Actions 2, 6, 7, and 14): status of the multilateral instrument negotiations and adoption of the changes in bilateral treaties.
- OECD-led monitoring and reporting process (Actions 5, 11, 13, and 14): global inclusiveness and peer pressure.
- Progress on the "2016 technical issues" (for example, profit splits and further Action 6 changes).
- The "BEPS movement": domestic law changes which have been inspired by, but are not part of, the BEPS project.
Find out the current position on the implementation of the world's most significant international tax sea change.
BEPS Implementation in India: 2016 Budget Announcements
16 June 2016
Host: Anis Chakravarty
Presenters: Tarun Arora and Pritin Kumar
India's Budget 2016 was announced on 29 February and there are updates on BEPS project implementation. India is aiming to reduce BEPS tax planning as part of the G20 member countries supporting the OECD's BEPS project, which is expected to have significant implications on cross border arrangements used by multinational companies (MNCs). What are the updates on BEPS from the Budget, and what are the impact and implications that might affect important considerations for MNCs when doing business in India from a BEPS perspective? We'll discuss:
- Provisions concerning BEPS in the 2016 Budget, including
– Equalization levy (BEPS Action 1)
– Concessional tax regime from patents (BEPS Action 5)
– General anti-avoidance rule (GAAR) (BEPS Action 6)
– Three tier transfer pricing documentation approach adopted by India (BEPS Action 13)
– Country-by-country (CbC) reporting
- Emerging trends and what is likely to come.
Be updated on the latest developments on the BEPS project from the 2016 Budget with specific insights on the implications from an Indian perspective.
Tax Data Analytics: A New Era for Tax Planning and Compliance
14 June 2016
Host: Damian Cook
Presenters: Stuart Black and Richard Mackender
Expectations continue to grow for tax departments to operate more efficiently while providing more strategic tax viewpoints to the business. How can tax data analytics help drive these changes? We'll discuss:
- An overview of data analytics concepts and components.
- Three areas of value creation through tax data analytics – improving tax operations, impacting tax liabilities, and providing strategic tax insights for decision making across the business.
- What tax departments can learn from data analytics usage elsewhere in businesses, along with specific examples of tax data analytics insights.
Learn how tax data analytics provides new information and opportunities for tax executives and the broader business.
Special Edition – India Spotlight
India / Mauritius Treaty Amended by Protocol: What's the Impact for Investment into India?
8 June 2016
Host: Sunil Shah
Presenters: Kamlesh Chainani, Pritin Kumar, and Krishnamani Subramanian
In an historic development, the India / Mauritius Double Tax Treaty, which has stood the test of time and survived several controversies, has been amended by a protocol. What are the changes and what will be their impact? We'll discuss:
- Source country taxation of capital gains on shares – gains on sale of shares in Indian companies acquired after 31 March 2017 will be taxable in India.
- Consequential repercussions on the capital gains taxation exemption under the India / Singapore treaty.
- Amendments to other Articles such as the permanent establishment definition, interest, other income, etc.
Gain insights into how these amendments will impact investment and business activities in India and the way forward.
Global Mobility, Talent & Rewards
The Rise of the "Chief Employee Experience Officer": Insights from Deloitte's 2016 Human Capital Trends Report
7 June 2016
Host: Tony Jasper
Presenters: Joe Logudic and Sam Tsang
Sweeping global forces are reshaping the workplace, the workforce, and work itself. Key findings from Deloitte's 2016 Global Human Capital Trends Report would help organizations and their leaders understand these changes. The theme of this year's report, "The new organization: Different by design", reflects a major finding – after three years of struggling to drive employee engagement and retention, improve leadership, and build a meaningful culture, executives see a need to redesign the organization itself, with 92% of survey participants rating this as a critical priority. The "new organization", as we call it, is built around highly empowered teams, driven by a new model of management, and led by a breed of younger, more globally diverse leaders. We'll discuss:
- Employee experience and the evolving shift for HR leadership from that of "chief talent executive" to "chief employee experience officer".
- Building a strong learning culture.
- New models of leadership and career development.
- The importance of building a strong external employment brand.
Stay ahead of these human capital trends, about how they are changing across the region, and the "new organization".
Australia Tax Update: At the Forefront of Global Change
2 June 2016
Host: Claudio Cimetta
Presenters: James Eaton and Manu Sriskantharajah
Australia continues to be at the forefront of global tax changes including implementation of BEPS initiatives, unilateral actions, and landmark court decisions on cross-border financing and treaties. How do you need to respond to these changes? We'll discuss:
- Multinational Anti-Avoidance Law (MAAL) – implementation in practice by the Australian Taxation Office (ATO).
- ATO's success in recent cases on international tax matters – Tech Mahindra, Orica, Chevron.
- Australia's initiatives on tax transparency.
- Tax measures introduced as part of the 2016-17 Federal Budget.
Hear our practical insights and remain up-to-date on the ever-changing international tax landscape in Australia.
Tax Considerations of Pre-deal Restructuring: Adding Value to Your Strategy
31 May 2016
Host: Danny Po
Presenters: Daniel Ho, Jeff Jaw, and Tom Kwon
To facilitate a deal completion, certain corporate restructuring exercises, such as business carve-out, debt selldown, and the like, would have to be conducted from both the seller's as well as the potential buyer's perspective. Other major stakeholders' interests, including major creditors, senior executives, etc., would also need to be taken care of. There could be significant tax liabilities and risks arising from these pre-deal corporate restructuring exercises. We'll discuss:
- Local tax law and regulations relevant to corporate restructuring in a deal context with a focus on Australia, Korea, and Southeast Asia.
- The best practice in managing tax liabilities and risks from both the seller's and the buyer's perspectives.
- Practical case studies and lessons learned.
Stay informed about these significant tax considerations and gather insights into how they may affect your future decisions in the next transaction.
What Can We Learn from the Representative China Tax Cases of 2015?
26 May 2016
Host: Vicky Wang
Presenters: Jie Liang, Ron Ma, and Shanice Siu
2015 witnessed tax assessment cases in China that continued the hot trend of indirect transfers, including an indirect transfer case that even went to the court which was rare in the China practice. Similarly, beneficial ownership cases remain as a hot area. One noticeable change in 2015 is that Controlled Foreign Corporation (CFC) cases seem to be on the rise, reflecting some shifted focus on China domestic companies with international footprints. Another noticeable change in 2015 is a few published advance ruling cases where taxpayers obtained advance private rulings to get comfort on the tax treatments on the upcoming transactions. This is certainly a welcome pioneering program as China never had the advance ruling system in the past. We'll discuss a dozen representative China tax cases that cover areas on:
- Indirect transfers.
- Beneficial ownership.
- Advance rulings.
- Cases that are revealed through the increasing international information exchange mechanisms.
Understand technical and practical implications of these selective cases and discover how they may apply to your company's tax position.
Cost Contribution Arrangements: Major Changes in the BEPS Report on Actions 8-10
24 May 2016
Host: Arin Mitra
Presenters: Fiona Craig and Alan Shapiro
The BEPS Report on Actions 8-10 has made major changes to the OECD's rules on cost contribution arrangements (CCAs). Under these new rules, CCA participants which provide funding will generally be required to significantly increase their substance around such arrangements and, in many cases, to change the method of valuing CCA contributions. What are the new rules and what will be the practical consequences of breaching the rules? We'll discuss:
- Requirements in regard to "control", particularly in the context of "cash box" participants in CCAs.
- Consequences if the "control" requirements are breached.
- Valuation of contributions: cost vs. value.
- Application of the new rules: will there be grandfathering?
Find out about these major changes to the OECD's rules on CCAs and their likely practical application.
Doing Business in Bangladesh: Tax Considerations for Foreign Multinationals
19 April 2016
Host: Rohinton Sidhwa
Presenters: Achin Bhattacharyya, Debasis Ghosh, and Himanshu Patel
Bangladesh has been aggressive in encouraging foreign investment with the government making the approval and start-up easier for foreign investors in the past few decades. Yet multinational businesses still may face certain hurdles if they want to establish operations in the country. What are important tax considerations for doing business in Bangladesh? We'll discuss:
- An overview of the current Bangladesh economic environment and business / foreign direct investment (FDI) position.
- Key tax and regulatory laws.
- Forms of doing business and key related pre-requisites.
- Key tax rates (e.g., withholding tax) including some practical double tax treaty related issues.
- An overview of the important indirect tax levies and compliance requirements.
- An overview of recently introduced transfer pricing provisions, compliance requirements and key issues.
Learn about the business environment in Bangladesh and the important tax issues faced by MNCs.
Malaysian GST: First Birthday Party or One Year Wake?
14 April 2016
Host: Robert Tsang
Presenters: Senthuran Elalingam, Bruce Hamilton, and Eng Yew Tan
GST in Malaysia is one year old. Is this cause for celebration or consternation? It is time to review the evolution of the new Indirect Tax over the last year. What will the next 12 months hold and what steps or strategy should your business employ? We'll discuss:
- Latest GST developments, law, guidance, and decisions.
- Open GST issues – what are they and how are they to be resolved? What cases are winding through the Tribunal and the courts?
- GST interaction with Customs Duty, Transfer Pricing, and Corporate Income Tax in specific circumstances.
- Where are we going to from here in Malaysian GST in the next 12 months? Is Customs really on an audit / review track for your business and with all GST registrants?
Reflect with the Deloitte experts and understand what the current issues and challenges are on the Malaysian GST.
Special Edition - Indirect Tax
Completion of the China VAT Reform – A Race to Implementing Circular 36
31 March 2016
Host: Robert Tsang
Presenters: Sarah Chin and Gao Liqun
On 24 March 2016, the much awaited for final rules to complete the VAT Reform were finally published ending months of anxious speculation. Circular 36 is a very detailed comprehensive regulation detailing the rules for the remaining sectors of Real Estate, Lifestyle, and Financial Services to join the taxation of VAT. Join us in this special Dbriefs webcast to listen to the landmark regulation and how it affects your business. We'll discuss:
- The general construction of Circular 36 and the core regulatory changes.
- Strategic implementation actions needed between now and the 1 May 2016.
- Industry specific issues for Real Estate, Lifestyle, and Financial Services.
Wheels of Change in GST / VAT: China, India, and Malaysia in Transition
29 March 2016
Host: Robert Tsang
Presenters: Sarah Chin, Prashant Deshpande, and Senthuran 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.
BEPS: Localization of Action 13 in Australia, China, India, and Japan, and Best Practices to the New Documentation Compliance
22 March 2016
Host: Paul Riley
Presenters: Sanjay Kumar, Eunice Kuo, and Alan Shapiro
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.
Global Mobility, Talent & Rewards
Mobility and Employment Law: Understand the Complexities
15 March 2016
Host: Joe Logudic
Presenters: Wei Heng Jia and Yuko Tashiro
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.
International Tax: What Can We Learn from the Top Tax Cases of 2015?
8 March 2016
* Length of webcast: 75 minutes
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.
Advance Pricing Agreement (APA) / Mutual Agreement Procedure (MAP) Country Annual Reports: What Can We Learn?
3 March 2016
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.
India's Budget 2016: Will 'Make in India' Make India?
1 March 2016
Host: Rohinton Sidhwa
Presenters: Richa Gupta, 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.
Industries – Financial Services
Key Financial Services Developments and Issues
23 February 2016
Host: Michael Velten
Presenters: Patrick Cheung, Sam Gordon, 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.
To Be or Not to Be, Establishment or No Establishment: A VAT / GST Question
18 February 2016
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.
Japan's 2016 Tax Reform Proposals: Gaining Momentum
4 February 2016
Host: Jun Takahara
Presenters: David Bickle, Brian Douglas, and Sam Gordon
Consistent with the prior year, Japan's 2016 tax reform proposals support the government's policies specifically intended to enhance Japan's international competitiveness, promote direct investment into Japan, and encourage domestic economic growth. There is a continuous push to reduce the corporate tax rate while broadening the tax base and significant amendments to the consumption tax regime. We'll discuss:
- The 2016 tax reform proposals and the expected impact to corporations and individuals.
- BEPS and potential impact on inbound Japanese investment.
- Introduction of the multi-rate consumption tax system and lessons learned so far from the 1 October 2015 implementation of new consumption tax rules affecting cross-border digital services.
- Recent court decisions and important updates to Japan's treaty network.
Keep abreast on direct and indirect tax matters affecting companies and individuals in Japan.
(Tune in to the Japanese version of this webcast. Please visit the Japanese Language Webcasts website for program details.)
BEPS Reports: Impact on Common Business Models
2 February 2016
(Length of webcast: 90 minutes)
Host: Steve Towers
Presenters: Leonard Khaw, Alyson Rodi, and Cam Smith
Business models need to be re-assessed in the light of the BEPS Reports which were issued in October 2015. In this webcast, which is an update of our webcast from August 2015, we will review a number of common business models in Asia Pacific, and identify the likely impact of the BEPS Reports. We will also consider 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 structures.
- Digital supplies.
- Management 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 Reports on common business models in Asia Pacific.
Industries – Financial Services
Hong Kong Corporate Treasury Centre Regime: Could it Benefit Your Company?
29 January 2016
Host: Patrick Yip
Presenters: Anthony Lau, Samantha Tan, and Davy Yun
The Inland Revenue (Amendment) (No. 4) Bill 2015 (the Bill), which was introduced into the Legislative Council on 16 December 2015 for First Reading, contains draft legislation that will provide tax concessions to qualifying corporate treasury centres (CTCs) in Hong Kong on qualifying corporate treasury profits, and deductions on interest paid to overseas associated corporations. This new legislation is designed to attract foreign companies and companies from the Mainland China to establish their CTCs in Hong Kong to provide centralized treasury management services for their group companies. How can a company benefit from the new legislation? We'll discuss:
- The overview of the new CTC rules – what is a "qualifying CTC", what corporate treasury activities qualify for tax concessionary treatment?
- What are the limitations and potential practical issues of adopting the CTC rules?
- What is the longstanding constraint on interest deductibility in Hong Kong and how would the new interest deductibility rules lift that constraint?
- Possible impact of the BEPS project.
Understand the key concepts introduced in the Bill and how they may benefit, or impact, your company.
Masala Bonds: Alternative Funding Route for Indian Companies?
21 January 2016
Host: Hemal Zobalia
Presenters: Pravin Agarwal, Pooja Balachandar, and Harsha Rawal
Recently, Indian companies have been permitted to issue Rupee-denominated bonds overseas to broaden avenues of foreign funding. Overseas debt is usually subject to various restrictions, however, issuance of these bonds is offered relaxations such as widened scope for end use, availability to all kinds of investors, possibility of listing overseas, etc. Furthermore, there is a proposed low withholding tax of 5% to be introduced for these bonds along with the exemption from capital gains tax. What do you need to know about this new type of bonds? We'll discuss:
- How this bond is taken as an alternative funding route from a regulatory perspective.
- Comparison with other existing debt instruments.
- Interpretational issues including end-uses, etc.
- Implications under other regulations such as Companies Act.
Understand more about this tax-efficient new instrument that might open up more possible structuring opportunities.
Discussion on Enhanced R&D Super Deduction and Focused Inspections on High and New Technology Enterprises (HNTEs)
19 January 2016
Host: Patrick Yip
Presenters: Clare Lu, Jessie Wang, and Xun Wang
On 3 November 2015, the PRC government issued a new guidance on Enhanced Super Deduction for Research & Development (R&D) Expenses (Circular 119) to encourage more businesses to invest in R&D activities. The guidance expands the scope of the super deduction for R&D expenses incurred by domestic enterprises and streamlines the related administrative procedures relating to the super deduction. Prior to Circular 119, the PRC government published another circular, Guokefahuo  No.299 (Circular 299), announcing the results of inspections conducted in 2014 in eight provinces and municipalities that focused on verifying the status of HNTEs. Circular 299 indicated that the authorities want to ensure only qualifying enterprises benefit from such incentives, and, as such, verification of HNTE status likely will become increasingly pervasive and regular. This warrants the attention of enterprises that are in the process of applying for HNTE status, as well as those that currently enjoy HNTE status. We'll discuss:
- Enhanced super deduction for R&D expenses
- Highlights of the new super deduction rules
- Major changes from current rules
- Areas of focus in practice
- Expected implications and suggested responses
- Incentives for HNTEs
- Background and key points of Circular 299
- Focus areas and key trends of the inspections to verify HNTE status
- Expected implications and suggested responses
Staying on top of the latest regulatory developments in these areas would help you understand the potential implications on your R&D activities and capture the maximum benefits for your business.
(Tune in to the Putonghua version of this webcast. Please visit the Chinese Language Webcasts website for program details.)