Dbriefs Asia Pacific Tax Webcasts
Anticipating tomorrow's complex issues and new strategies is a challenge. Sparking innovative ideas with Dbriefs that give you valuable insights on important developments affecting your business in Asia Pacific
Practical value chain structures and solutions: Post BEPS and US tax reform
27 September, 11:00 AM – 12:00 PM HKT (GMT +8)
Host: Kerry Lambrou
Presenters: Jivan Datta and Brian Pinto
In the current global business climate, companies' supply chains and IP models are being impacted by technology, innovation, and disruption whilst simultaneously facing a rapidly changing and complex tax environment. The goal of this session is to discuss challenges and practical solutions to address the rapidly changing landscape around the Global Tax Reset dominated by BEPS measures and US tax reform in the context of companies' operating models and supply chains. We'll discuss:
- A world of change
- Increasing importance of value chain alignment
- A world of change
- US tax reform – planning opportunities and key considerations.
- Global Intangible Low-Taxed Income (GILTI)
- Base Erosion Anti-Abuse Tax (BEAT)
- Global Intangible Low-Taxed Income (GILTI)
- Key developments in Asia Pacific.
- Principal locations going forward.
- Post-reform centralized operating model planning.
- Intellectual property models
- Service models
- Manufacturing models
- Intellectual property models
Join us in this session as we discuss the challenges on the value chain structures and learn how you can navigate them in future landscape.
Taiwan tax updates and saving opportunities for foreign expatriates
16 October, 2:00 – 3:00 PM HKT (GMT +8)
Host: Ping Gwo
Presenters: Paula Hsu and Amber Li
After the amendment to the Income Tax Act on 18 January 2018 to individuals (both for tax residents and non-residents in Taiwan) for the reduction of the highest income tax rate from 45% to 40%, two alternatives for dividend income taxation for residents, and an increase in the withholding tax on dividends received by non-residents from 20% to 21%, etc., the Ministry of Finance further announced an amendment to include a new category of tax deductions for basic living expenses. The proposal may likely be retroactively applied to 2018 tax year. Additionally, the Taiwan authority has announced the Act for the Recruitment and Employment of Foreign Professionals effective from 2018 in order to encourage foreign professionals to work in Taiwan in the face of fierce international competition for skilled professionals. Measures include income tax incentives for foreign special professionals. We'll discuss:
- Income tax reform for foreign individuals working in Taiwan from 2018 tax year.
- Income tax relief for foreign professionals under regulations of tax preferences provided to foreign professionals.
- Updated income tax incentives from 2018 tax year for foreign special professionals under the Act for Recruitment and Employment of Foreign Professionals.
- Recent updates from Taiwan common reporting standard perspective for foreign individuals.
- Application of income tax exemption for foreign individuals working in Taiwan under a tax treaty.
Join us in this session as we learn more about the updates in Taiwan and how they may affect your organization.
Global Mobility, Talent & Rewards
Destination China: Navigating Individual Income Tax (IIT) reform
25 October, 2:00 – 3:00 PM HKT (GMT +8)
Host: Tony Jasper
Presenters: Huan Wang and Irene Yu
Draft legislation containing broad changes to the PRC Individual Income Tax (IIT) system was submitted to the Standing Committee of the National People's Congress for deliberation on 19 June 2018 and released to the public for consultation on 29 June 2018. This marks a significant milestone for PRC IIT reform. Unlike previous amendments which merely adjusted the standard deductions or modified the tax brackets for salaries and wages, the draft law includes fundamental changes to the definition of a tax resident, the consolidation of various categories of income, the introduction of more itemized deductions, and anti-avoidance rules among other provisions. What are the changes under the draft law? How might this impact individuals living and working in the PRC? What impact will this have on companies as withholding agents? In this session, we will help you to understand the main changes and the potential implications on you and your company under the IIT reform. We'll discuss:
- Background and overview of the IIT reform.
- Main changes under the IIT reform.
- Potential impact to individuals and companies under the IIT reform.
- How individuals and companies may plan ahead for the IIT reform.
Gain insights from Deloitte professionals on the coming significant IIT changes and get prepared for the potential benefits, liabilities, and obligations under the new rules.
China R&D incentives update: Opportunities and challenges
15 November, 2:00 – 3:00 PM HKT (GMT +8)
Host: Clare Lu
Presenters: Finny Cao, Lisa Li, and Roger Zhou
On 23 July 2018, it was announced in the State Council executive meeting that the super deduction rate for R&D expenses will be raised from the current 50% to 75% for all types of companies. It was previously only available to medium and small sized technology companies. Earlier this year, more incentives have been implemented and are available to enterprises in China. For example, the reduced 15% enterprise income tax rate granted to qualified technologically advanced service enterprises in selected cities was rolled out nationwide. In addition, high and new technology enterprises (HNTEs) may now carry qualified losses forward for ten years instead of the normal five years. Companies operating in China will have more flexibility to arrange their legal and business structure to enjoy various types of tax incentives, on the basis that compliance requirements are properly satisfied. We'll discuss:
- Updates on R&D super deduction.
- Updates on tax incentives to high and new technology enterprises.
- Updates on tax incentives to technologically advanced service enterprises.
- Compliance requirements and actions to be taken for the entitlement of the incentives.
Learn about the changes and implications that these new rules have brought that may affect your tax planning, which ultimately may affect your group effective tax rate.
Tax rulings and social security agreements: Shifting sands for India inbound moves
20 November, 2:00 – 3:00 PM HKT (GMT +8)
Host: Divya Baweja
Presenters: Saraswathi Kasturirangan and Aarti Raote
Investment into India is increasingly a priority for many MNCs given that India is moving up the scale on "Ease of Doing Business". A natural consequence of this will be the transfer of more senior level executives to India which will create increased compliance requirements with regard to tax and social security obligations. Digitization of compliance, enhanced data mining, closer connectivity between immigration, tax, and social security authorities, have all allowed the Indian authorities to better detect instances of non-compliance and to assess tax liabilities. Monitoring compliance, tracking defaulters, and levying real time penalty is an extremely robust process in India. A significant focus area for MNCs will be in meeting the tax and social security obligations for senior employees transferred to India, managing risk with regard to a Permanent Establishment (PE) exposure, and having robust documentation to support secondment arrangements. The importance of documentation right from the assignment to repatriation stage cannot be overemphasized. We'll discuss:
- An overview of the compliance framework.
- The common challenges faced by companies seconding personnel to India.
- Practical case studies.
- Potential pitfalls that need to be avoided from a PE exposure perspective.
- The right approach to leverage on tax and social security costs.
Gain insights on the significant recent developments concerning tax rulings and social security agreements in India.
Profit split method: New OECD guidance and practical applications
27 November, 2:00 – 3:00 PM HKT (GMT +8)
Host: David Bell
Presenters: Bart de Gouw, Sanjay Kumar, and Wei Shu
The OECD BEPS reforms have increased the scrutiny of transfer pricing outcomes on a global basis. Relying solely on a one-sided transfer pricing analysis may no longer be sufficient in many jurisdictions. Consequently, the profit split method is likely to be used more often to set and review transfer pricing arrangements. The OECD has recently released further detailed guidance on the application of the transactional profit split method. During the webcast, we'll discuss:
- Revised OECD and local country guidance on the application of the profit split method.
- Identifying and accounting for intangible assets and contributions.
- Potential data sources and issues involved in practical application.
- Best practices, key experiences, and case studies.
Join us to keep abreast of the developments in this important area of transfer pricing.
Cross-border mergers in Asia Pacific: Steering towards the future
29 November, 2:00 – 3:00 PM HKT (GMT +8)
Host: Shripal Lakdawala
Presenters: Jeffery Jaw, Kam Poon, and Rohan Solapurkar
The Ministry of Corporate Affairs and Central Bank of India have rolled out rules to permit cross-border inbound and outbound mergers between Indian companies and foreign companies. This is expected to boost foreign investment in India. Further, it is a move that government has taken to showcase itself as an investment friendly jurisdiction. These regulations enable MNCs to look for business consolidation across the globe and enable Indian businesses to consider expanding their wings in the overseas market with more ease. We'll discuss:
- An overview of the rules and how does this impact Indian and foreign companies.
- What are the new avenues and potential limitations?
- The tax issues and interplay with overseas laws.
- Practical case studies.
Learn about the important developments on the cross-border mergers in Asia Pacific and how they may affect your organization.
Inbound investments into Malaysia: Practical insights on recent developments
13 December, 2:00 – 3:00 PM HKT (GMT +8)
Host: Hooi Beng Tan
Presenters: Swee How Chia, Subhabrata Dasgupta, and Lih Jiun Tham
This is an interesting time for Malaysia. There is a new government and the National Budget 2019 proposal was recently tabled. Malaysia has joined the OECD Inclusive Framework on Base Erosion and Profit Shifting (BEPS) as an Associate Member back in 6 March 2017 and has committed to implement and adhere to the BEPS Action Plan minimum standards. Malaysia has demonstrated its commitment to implement the four minimum standards under the BEPS project in the areas of harmful tax practices, tax treaty abuse, country-by-country reporting (CbCR) requirements for transfer pricing, and improvements in cross-border tax dispute resolution. In particular, Malaysia has signed the MLI on 24 January 2018, introduced CbCR, and is undertaking a review of the robustness of its tax incentives. Malaysia intends to also adopt other non-minimum standards as it has proposed in the Earning Stripping Rules (ESR) in Budget 2018 (in line with Action 4) and has opted-in for the MLI provisions relating to Action 7 (Permanent Establishment). The Ministry of Finance has also recently reiterated its commitment in adhering to the OECD taxation initiatives. In regard to Action 5, various tax incentives are under review or have been amended such as Principal Hub, Labuan leasing preferential regime, MSC Malaysia tax incentives. We'll discuss:
- Recent reform developments in Malaysia, including the proposed changes in National Budget 2019 and changes in tax incentives, proposed ESR, potential impact of the MLI etc.
- The impact of those reforms on Malaysia inbound investments.
- Opportunities and challenges.
Keep up to date with the latest developments on inbound investment in Malaysia and hear our insights on how they may affect your organization.
Impact of US trade policies in Asia Pacific: The changing landscape
19 December, 2:00 – 3:00 PM HKT (GMT +8)
Host: Sarah Chin
Presenters: Robert Olson and Meng Yew Wong
US trade policies have created an impact on the Asia Pacific region. From implementation of the Wassenaar Agreement to the release of a second tranche of list of goods subject to additional import tariffs. Transformational changes to trade policies have created a stir in various sectors such as export of automobiles, steel based products, etc. These changes have the ability to alter the geographical supply chain of products from one region to another. How the trade policies implemented by the US will be reciprocated by the countries in Asia Pacific? We'll discuss:
- Cross imposition of import tariff on US origin goods.
- Shift of supply chain from one country to another country.
- Impact on manufacturing operations of business impacted by such tariff fluctuations.
Stay updated on the transformation impact of the US trade policies on various countries and the reciprocating trade measures taken by the effected countries.