Dbriefs Asia Pacific Tax Webcasts
Anticipating tomorrow's complex issues and new strategies is a challenge. Navigating what's next with Dbriefs that give you valuable insights on important developments affecting your business in Asia Pacific
Hong Kong's new transfer pricing regime: Getting on the right track (Part 1)
21 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Leonard Khaw
Presenters: Petrina Chang, Elaine Wong, and Victor Zhang
After the Inland Revenue (Amendment) (No. 6) Ordinance 2018 (the Amendment Ordinance) was gazetted on 13 July 2018, taxpayers and practitioners continued to seek clarification from the Hong Kong Inland Revenue Department (HKIRD) concerning a range of matters relevant to the practical implementation of the new rules. During a series of transfer pricing seminars attended by representatives of the HKIRD, in addition to reiterating that the main objectives are to codify the transfer pricing principles, implement certain measures under the Base Erosion and Profit Shifting (BEPS) package, and adhere to the international standards, the HKIRD also reiterated its commitment to release detailed guidance in the form of Departmental Interpretation and Practice Notes (DIPN) to assist taxpayers practically to comply with the new rules. During the webcast, we will share the first batch of such guidance:
- Implementation of arm's length principle.
- Grandfather rules.
- Country-by-country reporting obligation and exchange mechanism.
- Authorized OECD approach for permanent establishment.
- Financial transactions.
Join us to keep abreast of the developments in this area of transfer pricing.
Common themes in GST across China and India: What you should know
26 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: M.S. Mani
Presenters: K Baskar and Candy Tang
The changing profile of GST/VAT system across Asia Pacific region in recent times has made it necessary for businesses to alter their business strategies and their compliance planning. While GST continues to be a hot topic across the region, China and India being the largest economies in the region, are of specific interest to all businesses. China has been engaged in VAT reform for quite some time and many more changes are expected in 2019. India has just completed the introduction of a large scale GST which has altered the business landscape and increased compliance for many businesses. There are quite a few common themes emerging in the GST reform landscape of these Asian giants although the GST in these countries is quite different. We'll discuss:
- The business impact of these changes from a planning and compliance perspective.
- Common themes emerging from these countries.
- Practical case studies.
- Opportunities and the way forward.
Join us in this session as we learn more about the emerging changes in GST across China and India and how they may affect you.
Inbound investment, e-commerce, and e-invoicing rules in Vietnam: A clear view of the recent developments
28 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: An Vo
Presenter: Thomas McClelland
Vietnam has been enjoying strong economic growth. Overseas businesses are increasingly attracted by the country's move from a centralized to a market-oriented economy and its 95 million-strong population, which features a large and young workforce as well as an increase in disposable income in recent years. On the other hand, the issuance of new Decree reflects the determination by the Vietnamese Government in strongly reforming tax administration and increasing the management over the informal economy in Industrial 4.0. We'll discuss:
- Overview of Vietnam inbound investment with considerations such as forms of investment and restrictions, general tax obligations, and updates on tax regulation changes.
- Highlights of e-commerce market in Vietnam, forms of operation, specific requirements, and tax collection mechanism relating to e-commerce.
- Overview and framework for e-invoice and practical issues for implementing e-invoices.
Keep up to date with the latest developments in Vietnam and hear our insights on how they may affect your organization.
Hong Kong Tax Update: Maintaining competitiveness whilst complying with global tax standards
5 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Leonard Khaw
Presenters: Jonathan Culver, Anthony Lau, and Winnie Shek
Hong Kong is introducing key taxation measures to maintain its competitiveness in an ever faster evolving global economy, and to comply with globally accepted tax standards. Apart from enacting transfer pricing rules and working with taxpayers to ensure the smooth implementation thereof, which we are covering in a separate webcast, Hong Kong introduced a two-tiered profits tax system and "super deductions" in respect of R&D activities being carried on in Hong Kong, and expanded the scope of profits tax deductions in relation to intellectual property rights. The Offshore Fund Regime is being reformed, and significant measures have been introduced that address longstanding issues pertaining to financial services, which is key to the Hong Kong economy. In this session, we will help you to understand the main changes and the potential implications. We'll discuss:
- The two-tiered profits tax system.
- The newly introduced R&D super deduction regime.
- Changes in relation to the intellectual property rights.
- The reform of the Offshore Funds regime.
- Other significant measures that address longstanding issues pertaining to financial services.
Join us in this session to learn more about the developments listed, how they may affect you and your organization, in particular, the opportunities that are becoming available to you as a result of their introduction.
India tax update: Latest developments and impact
19 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Sunil Shah
Presenters: Jatin Kanabar, Pritin Kumar, and Amit Sarker
The last few months have seen several developments in Indian tax jurisprudence. Given the common law system in India and the hierarchy of courts and the tribunal, the same issue may come to be decided by multiple authorities and at multiple levels. This makes it necessary to always be aware of the evolving judicial views. There are also many changes in the statutory provisions, particularly in the area of GST. We'll discuss:
- Recent income-tax rulings, including on research and development expenses and on conversion of a company into an LLP.
- Recent important amendments in GST provisions.
- Update on anti-profiteering cases.
- Significant GST advance rulings.
Learn about the important tax developments in India and how they may affect your organization.
Destination China: Updates of Individual Income Tax (IIT) reform
26 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Tony Jasper
Presenters: Huan Wang and Irene Yu
The 7th amendments to the PRC IIT law contains broad changes to the IIT law system. After the implementation of new IIT law, the subsequent implementation rules and various regulations provided further guidance, such as whether concession rule may still apply to foreign individuals working in China for world-wide taxation relief, what is the scope of additional itemized deductions and the employer and employee's responsibilities with this respect, how to calculate the advance IIT withholding, what assistance the taxpayers may receive for their tax reporting, etc. In this session, we'll discuss:
- The major updates of the implementation rules.
- Recent development of relevant regulations under the new IIT law.
- Recommended actions by company and individual taxpayers in coping with the new changes.
Gain insights from Deloitte professionals on the IIT reform updates and get prepared for the implementation of the new IIT rules.