Perspectives

Dbriefs Asia Pacific Tax Webcasts

Anticipating tomorrow's complex issues and new strategies is a challenge. Forecast your future with Dbriefs that give you valuable insights on important developments affecting your business in Asia Pacific

Dbriefs Asia Pacific Webcasts Series

- Chinese Language Webcasts
- Japanese Language Webcasts
- Industries Webcasts

Special Edition webcasts

China Spotlight
China's new rule on Administration of Enterprise Income Tax (EIT) Withheld on China-source income derived by Non-Resident Enterprises (NREs)

7 December, 2:00 – 3:00 PM HKT (GMT +8)
Host: Jennifer Zhang
Presenters: Jie Liang and Shanice Siu

China's State Administration of Taxation (SAT) published new guidance (Bulletin 37) on 27 October 2017, accompanied by an official interpretation, that revises the rules governing the administration of withholding tax on China-source income derived by NREs. The new rule provides clearer guidance on the collection of EIT on China-source income derived by NREs and resolves some practical issues that have existed until now. It also includes measures to reduce the administrative burden on withholding agents, coordinate responsibilities among different Chinese tax authorities, and generally improve the business environment. Bulletin 37 repeals the previous Provisional Administration Measures on Administration of EIT Withheld on China-source income derived by NREs (Circular Guoshuifa [2009] No. 3), Administration Measures of EIT for Income Derived by Non-REs from Equity Transfers (Circular Guoshuihan [2009] No. 698), as well as some relevant articles in other circulars. The issuance of Bulletin 37, which is welcome news for both NREs and withholding agents, generally will apply as from 1 December 2017, but some provisions will also apply to income that has arisen but not been dealt with before the effective date. We'll discuss:

  • The key clarifications made in the new rule, such as:
    • Abolishment of 30-day contract registration, but what remains?
    • How to calculate capital gains, including currency conversion and on installment payments
    • When to withhold or pay tax
    • How to distinguish whether failure to withhold falls under "tax withheld but not paid" or "tax not withheld"
    • Clarification on in-charge tax authorities
  • What are the implications to direct and indirect transfers?
  • What are the implications to overseas remittance procedures?

Learn about China tax authorities' latest administrative trends on EIT withheld at source for Non-REs.

Industries – Financial Services
Automatic exchange of information: Preparing now for reporting in 2018

14 December, 2:00 – 3:00 PM HKT (GMT +8)
Host: Michael Velten
Presenters: Matthew Cahill, Alison Noble, and Susan Schultz

Many financial institutions in the Asia Pacific region will need to report under the common reporting standard for the first time in 2018. And FATCA reports may not yet have been required to be filed in some jurisdictions. What do financial institutions need to do to prepare for reporting in 2018? We'll discuss:

  • An outline of the reporting requirements under FATCA and CRS.
  • The reporting deadlines for FATCA and CRS in Asia Pacific.
  • Lessons learned from FATCA and CRS reporting.
  • Options to consider for reporting.

Deloitte specialists from Asia Pacific and our global information reporting team will share insights from their experience with assisting clients with FATCA and CRS reporting over the last three years, including CRS reporting for early adopting countries in other regions. Learn why financial institutions in Asia Pacific should start preparing now for reporting in 2018.

Upcoming webcasts

Country Focus
Tax governance and transparency in Australia: Stay ahead of the game

28 November, 2:00 – 3:00 PM HKT (GMT +8)
Host: David Watkins
Presenters: Stuart Osborne and Chris Thomas

Consistent with the global BEPS developments, the tax governance and transparency environment in Australia has rapidly changed in recent years with new disclosure requirements coming in a variety of forms: legislative, administrative, and voluntary. Combined with the Australian Tax Office's review of the top 1000 company groups and increased penalties for non-compliance with some of the transparency measures, there are some important issues that corporate taxpayers in Australia need to be aware of. We'll discuss:

  • The reportable tax position schedule for the largest corporate groups.
  • Public disclosures for taxpayers with revenue greater than $100 million.
  • The Voluntary Tax Transparency Code.

Keep up to date with the latest developments and the related governance and Board processes that multinationals are putting in place.

Indirect Tax
Indirect tax audits: New approaches you need to know

5 December, 2:00 – 3:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: M.S. Mani, Eng Yew Tan, and Candy Tang

Audits for VAT / GST are evolving rapidly across Asia Pacific and tax authorities are evolving and revolutionizing the approach to handle such audits. We will examine what are the current and changing approaches in China, India, and Malaysia. Are the moves in Europe and the OECD's initiatives around the Standard Audit File-Tax echoing around Asia Pacific? Understand more about what is happening on the ground in these countries and for insights on what good practice looks like. We'll discuss:

  • New tax audit approaches using technology and analytics.
  • Current and future developments on audit approach in China, India, and Malaysia.
  • OECD's initiatives on Standard Audit File-Tax – how relevant are they in Asia Pacific indirect tax?

Join us to learn about the "new normal" in indirect tax audits.

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