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
Special Edition Webcast
Malaysia’s Special Voluntary Disclosure Program (SVDP): A special program for taxpayers to voluntarily disclose tax shortfall with reduced penalties
30 May, 2:00 – 3:00 PM HKT (GMT +8)
Host: Theresa Goh
Presenter: Stefanie Low
The SVDP is a special program announced by the Ministry of Finance that offers taxpayers an opportunity to recalibrate their tax affairs by coming forward and voluntarily disclose any prior tax shortfall to the Inland Revenue Board of Malaysia (IRBM). This program has been introduced at the right time as the Automatic Exchange of Information (AEOI) mechanism is already in place and MIRB has started receiving information under the Common Reporting Standard (CRS) and Country by Country Reports (CBCR). The SVDP was for the period from 3 November 2018 till 30 June 2019, but due to popular demand, it has been extended to 30 September 2019. Tax adjustments made under the SVDP will be subject to reduced penalty rates of 10% or 15% compared to a penalty rate of 45% in a typical tax audit or tax investigation. We'll discuss:
- An overview and key features of the SVDP.
- Why consider participating in the SVDP?
- What are the assurances provided by the IRBM to taxpayers?
- Methodology for TP voluntary disclosure and documents required.
- Our experiences in handling individual, corporate, and TP SVDP cases.
Join our Deloitte specialists and learn how your organization can obtain penalty protection and certainty for your tax and TP issues.
Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvITs): Taking stock and opportunities
28 May, 2:00 – 3:00 PM HKT (GMT +8)
Host: Sook Peng Chai
Presenters: Paul Culibrk and Kalpesh Maroo
In India, real estate investment trust (REIT) and infrastructure investment trust (InvIT) taxation regimes have been introduced to allow these structures (business trusts) to be set up in accordance with the SEBI (Real Estate Investment Trusts) Regulations, 2014 and SEBI (Infrastructure Investment Trusts) Regulations, 2014, respectively. While the regulations have been in place for some time, India has seen limited adoption of the regimes, particularly in the REIT segment. However, recent activity has rekindled interest in these taxation regimes. We'll discuss:
- An overview of the Indian regulations relating to REIT/InvIT taxation and their gradual evolution in India.
- Tax issues, practical insights, and potential solutions relating to the Indian regulations.
- Perspectives from Australia and Singapore.
Learn about the practical issues as well as possible opportunities in REIT and InvITs that your company may face going forward.
Transfer pricing aspects of financial transactions: A moveable feast
6 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Ockie Olivier
Presenter: Bart de Gouw, Stan Hales, and Takuma McNie
Around the globe we are seeing the OECD, governments, and tax authorities implementing new rules and publishing new guidance on the transfer pricing (TP) aspects of financial transactions. It is critical that taxpayers understand the various moving parts of financial transactions TP. In this session, we will help you to understand recent changes to the Asia Pacific financial transactions TP landscape and potential implications for how MNCs plan intercompany financing and manage associated TP risk. We'll discuss:
- The status and relevance of the OECD's work on TP aspects of financial transactions.
- The delineation of financial transactions for TP purposes.
- Whether intra-group loans should be treated as debt or equity.
- Pricing intra-group loans, guarantee fees, cash pooling, derivatives, treasury functions, etc.
- New tax authority guidance.
- New interest deductions limitation rules.
- Developing BEPS-compliant global financing policies.
Join us in this session as we discuss the key points that taxpayers should be aware of when addressing financial transactions TP.
BEPS and Indian domestic tax law: Increased exposure to a Permanent Establishment (PE)
11 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Sunil Shah
Presenters: Rajiv Bajoria, Himanshu Patel, and Sharath Rao
Amending the Agency PE definition and reducing the tolerance level of the "preparatory and auxiliary" activities to avail exemption from a PE, are key aspects of the Base Erosion and Profit Shifting (BEPS) project and the Multilateral Instrument (MLI) proposals that followed. In addition to putting out its MLI positions to align with BEPS recommendations, India has also amended its domestic tax law which is more expansive in scope. While Indian Courts do consider international OECD/UN guidelines, the defence of companies against PE will need to be based on actual activities on the ground. We'll discuss:
- Certain typical situations such as the provision of marketing support services or commission models in relation to direct offshore sales of goods from outside India.
- The PE exposure on account of inbound expatriate employee's presence in India from group companies.
- Practical case studies.
Gain insights on the significant developments concerning Indian domestic tax law along with treaties and how they may affect your organization.
Robotic Processing Automation in China: A revolution and new era
13 June, 2:00 – 3:00 PM HKT (GMT +8)
Host: Marilyn Lu
Presenter: Roger Qu
In recent years, there has been an increasing demand for Robotic Processing Automation (RPA) through the use of Artificial Intelligence (AI), which made RPA as the hottest topic on the market. RPA can greatly streamline business operations by releasing people from simple and repetitive works to high value-added tasks. Deloitte's Tax Management Consulting team has experience in designing and implementing numerous RPA solutions in China during the past few years. We'll discuss:
- Introduction to RPA and AI.
- Practical RPA cases.
- Implementation of RPA.
Gain insights from Deloitte professionals on the most updated market application of RPA and AI technology, as well as understand how to use RPA to improve work efficiency for your business.