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
Special Edition webcasts
India Budget 2017: Will it be a "blockbuster"?
2 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: C.A. Gupta
Presenters: Anis Chakravarty, Rajesh Gandhi, and Saloni Roy
The last 12 months have been nothing short of eventful for India and Budget 2017 is expected to continue the tone of reform set by the current government. Demonetization and the scheduled implementation of the long-touted Goods and Services Tax (GST) have dominated conversations in recent times. Demonetization will have a likely impact on the GDP in the current fiscal year and it remains to be seen how its benefits could be passed on to the public. The government will also have to look at measures to ensure that the ambitious targets for GDP in the coming years are maintained. With the government committed to implement GST by April 2017, a more transparent and efficient era of indirect taxation is also anticipated. There is also interest around further measures relating to Base Erosion and Profit Shifting (BEPS) and the General Anti Avoidance Rule (GAAR). With so much riding on it, will Budget 2017 really be the blockbuster? We'll discuss:
- Emerging opportunities in Budget 2017.
- Analysis and impact of new tax proposals on your business.
- The way forward.
Gain insights from Deloitte experts with an in-depth analysis of the 2017 India Budget.
2017 Japan Tax Reform Proposals: Casting a wide net
22 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: David Bickle
Presenters: Brian Douglas, Sam Gordon, and Ken Hardie-Saga
On 8 December 2016 the ruling parties of the Japanese government issued the 2017 tax reform proposals. In addition to revisions aimed at promoting growth with amendments to the R&D tax credit regime, revisions to the deductible compensation paid to directors, and tax deferred corporate reorganization rules, the proposals also include significant changes to Japan's controlled foreign company rules. With regard to individual tax, the proposals include amendments to inheritance and gift taxes, and redefine the scope of taxable income for non-permanent residents in Japan. The tax reform proposal will be submitted to the Diet in early 2017 for consideration and is expected to be passed in late March 2017 with many provisions effective for fiscal years beginning on or after 1 April 2017. We'll discuss:
- M&A rules related to corporate reorganizations.
- Anti-tax haven (i.e., CFC) law reform.
- Definition of Japan-source income and the potential impact to non-permanent individual tax residents.
- Inheritance Tax Reform.
- Transfer Pricing update related to Japan's adoption of the OECD 3-tier approach to TP documentation and the "Authorized OECD Approach" (AOA) to the allocation of profits to permanent establishments.
- 2016 developments in Japan's Treaty network.
Join us to learn more about the key proposals in this year's Japanese tax reform and other recent tax updates that may impact multinational enterprises doing business in Japan.
India Advance Pricing Agreements (APAs): Latest developments in manufacturing sector
9 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Rajesh Srinivasan
Presenters: Sanjay Kumar and Vishweshwar Mudigonda
The Indian APA program is moving at a fast pace, having already concluded 51 APAs during the first 8 months of the current financial year and overall, 115 APAs to date - 108 unilateral and 7 bilateral. Concluded APAs include a variety of transactions, covering different industries. Insights will be shared into the APAs for the manufacturing sector, including contract manufacturers, and will help multinational companies explore the feasibility of APAs for their Indian manufacturing operations. We'll discuss:
- An overview of manufacturing APA applications.
- Approach of the APA authorities to some key transactions in the manufacturing entity.
- Payment for brand and technical royalties.
- Intra-group services.
- Purchase of capital assets.
- Other manufacturing operations.
Keep up to date with the latest APA outcomes on some key international transactions relating to manufacturing companies.
Tax considerations and tax-free post-acquisition corporate restructuring: A focus on Australia and New Zealand
14 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Danny Po
Presenters: Hadleigh Brock and David Macleod
As part of the post-merger integration of a global, regional, or domestic acquisition, there could be different forms of corporate restructuring, and substantial income tax as well as indirect taxes may be incurred. Tax-free internal restructuring may be available, but subject to the satisfaction of prescribed conditions. In the previous quarter, we illustrated case studies in India, Japan, and Korea. In this quarter, we will continue the discussion of this topic with a focus on Australia and New Zealand. We'll discuss:
- Overview of corporate restructuring with a focus on Australia and New Zealand.
- Considerations to be made to address the fair value for tax, cost base step up, and deductibility of capital losses.
- Practical case studies and lessons learned.
Stay informed about these significant tax considerations and gather insights into how they may affect your decisions in the next transaction.
Marketing, sales, and distribution companies in Asia Pacific: Transfer pricing challenges and lessons learned
21 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Fiona Craig
Presenters: Geoff Gill, Bhupendra Kothari, Jee Chang See, and Wei Shu
An aspect of multinationals' supply chains that is commonly under transfer pricing scrutiny is the company's interface with customers. Through practical examples, we will highlight the challenges raised by tax authorities in the region in relation to the value and profits attributable to marketing, sales, and distribution activities across a range of industry sectors. We'll discuss:
- The impact of network effects and local market advantages.
- The role of the "super distributor".
- Best practices to manage the transfer pricing risk in this area.
- Practical examples and lessons.
Understand the challenges raised by value and profits attributable to marketing, sales, and distribution activities and find out how your business can manage these transfer pricing risks more effectively.
Tax data analytics: Trends in 2017
23 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Richard Mackender
Presenters: Jaskiran Bhatia and Stuart Black
The tax landscape continues to change as large corporates respond to increased scrutiny and reporting requests from tax authorities whilst regulators and the general public demand greater tax transparency. Technology in general and data analytics in particular are making a significant contribution to the way enterprises are responding to this changing world and tax authorities are using the much larger quantities of data that are becoming available. We'll discuss:
- The impact of exponential technologies.
- Technology and the Global Tax Reset.
- The changing expectations of millennials working in tax and analytics.
- What can we learn from the rest of the world?
- How new technologies are changing the way tax sensitive items are recorded and reported?
- How the market for tax services is changing in response to new technology?
Listen to the practical examples from Deloitte's experts and understand how you can apply to your current business.
International tax: What can we learn from the top tax cases of 2016?
28 February, 2:00 – 3:00 PM HKT (GMT +8)
Host: Steve Towers
Presenters: Leonard Khaw, Alyson Rodi, Sunil Shah, and Julie Zhang
Fascinating court decisions have emerged in 2016 involving the interpretation of double tax treaties and other international tax issues. What do these cases reveal? We'll discuss:
- Cases from India and Australia in regard to royalties and the sale of intellectual property.
- A UK case on the application of Art. 3(2) (undefined terms used in a treaty), and an Indian case on the non-discrimination article.
- An Australian case concerning whether a treaty can lead to an increase in source country tax, and a Russian case on outbound "negative interest" payments.
- A Chinese case on guarantee fees, two European Court of Justice cases on VAT, and a Swedish case on PE status.
Understand the technical and practical implications of these key rulings.
Indian GST: Can technology unlock the secret to compliance?
7 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Jaskiran Bhatia, Saurabh Jain, and Shrenik Shah
With India on the cusp of implementation of the much-awaited GST, government and taxpayers are gearing up for the challenge. As a successful tax regime relies significantly on the use of technology, how can technology help (or conversely hinder)? What are the key initiatives taken by the government to meet the challenges? What is a GST Suvidha Provider (GSP) and an Application Software Provider (ASP)? Will industry be adequately prepared to make the necessary changes to their IT systems to be GST compliant on the GST go-live date? What will be the right approach to be GST compliant? Is technology the key to unlocking the secrets of GST compliance? We'll discuss:
- Latest updates on GST, with a special focus on information technology preparedness of the government and taxpayer.
- What is happening in the marketplace? Good practices to follow and the pitfalls to avoid.
- Next steps and solutions to consider in the short term and beyond.
Understand more on the technological side of the biggest indirect tax reform in India and find out how your business can successfully navigate the challenge.
Industries – Financial Services
Common reporting standard (CRS) in Asia Pacific: Moving forward in 2017
9 March, 12:00 – 1:00 PM HKT (GMT +8)
Host: Alison Noble
Presenters: Candy Chan and Denise Hintzke
CRS is live in most countries across Asia Pacific from 1 January. While CRS compliant on-boarding of new customers is now operational, what do financial institutions need to focus on in 2017 as they continue to implement changes to comply with CRS? We'll discuss:
- The status of CRS regulations and guidance in Asia Pacific.
- CRS for investment entities including differences to FATCA.
- The due diligence requirements for pre-existing accounts.
- Considerations to prepare for the first CRS reporting.
Deloitte experts will share insights on CRS implementation relevant to financial institutions in the Asia Pacific region, latest CRS developments, and what still needs to be done in 2017.
Global Mobility, Talent & Rewards
Share plan in a box: Exploring the latest in share plans and share plan design
16 March, 1:00 – 2:00 PM HKT (GMT +8)
Host: Tony Jasper
Presenters: Lisa Alton, Rob Basker, and Jinho Park
When designing and implementing a share plan for your organization, there are many considerations to work through, including: when someone will be paid, how much they will receive, and how to handle company and people exit events. However, this does not always mean complexity and cost. Bespoke plans will always be more expensive as they will be specific to your organization but is that always what you need? We'll discuss:
- How organizations are looking to flex plans in Asia to address tax challenges and opportunities within markets.
- The latest approaches to share plan design and implementation.
- The latest technical updates and trends in the share incentives space, leveraging our experts in the region.
Stay up to date with the latest developments on share plans and gather insights into how they may affect your organization.
Tax incentives for regional and global businesses and operations in Malaysia
23 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Daniel Ho
Presenters: Kwang Gek Sim, Eng Huat Tan, Hooi Beng Tan, and Owen Wong
Multinational corporations worldwide are choosing to establish their regional and global businesses and operations in countries that offer excellent infrastructures, competitive costs, business friendly policies, and of course, attractive tax incentives. We'll discuss:
- Tax incentives available for companies undertaking regional and global businesses and operations in Malaysia (namely, the MSC Malaysia Status and the Principal Hub), which offer the Investment Tax Allowance or Pioneer Status and concessionary tax rates ranging from 0% to 10% respectively.
- Business activities that qualify for the tax incentives.
- Eligibility criteria for the tax incentives.
- Procedures to apply for the tax incentives.
- Potential impact of BEPS Action 5.
Learn about the tax incentives in Malaysia impacting multinationals.
Base Erosion and Profit Shifting (BEPS): What's happened so far? And what's next?
28 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Steve Towers
Presenters: Anis Chakravarty, Claudio Cimetta, and Leonard Khaw
Now substantially in the "implementation phase", the BEPS project continues to have a major impact on international tax. We will review the significant BEPS developments in the last 9 months, and in particular:
- The Multilateral Convention to amend double tax treaties, finalized on 24 November 2016.
- Discussion drafts and public consultation meetings.
- Attribution of profits to permanent establishments
- Profit split method
- Domestic tax law changes.
- In compliance with the BEPS project
- "Unilateral changes"
- Monitoring by the BEPS Inclusive Framework.
- Potential impact of the Trump Administration.
Find out the current position on this very important international tax initiative.
Cost recharges and recoveries: Beyond mark-up or no mark-up, VAT or no VAT?
30 March, 2:00 – 3:00 PM HKT (GMT +8)
Host: Robert Tsang
Presenters: Sarah Chin, Richard Mackender, and Chikara Okada
Cost recharges and recoveries issues are recognized by many tax authorities as one of the toughest areas in Indirect Tax, and one that many businesses are getting wrong. Join us to look at the principles that apply generally in VAT or GST, and specifically at the rules in Singapore, Japan, and China. How are recharges between entities (or from branch to branch or head office) treated for VAT/GST? What is the difference between a reimbursement and a disbursement? Does it matter if there is a mark-up, or not? Does the value of the mark-up matter? We'll discuss:
- Should businesses be charging VAT or GST on cost recharges and recoveries transactions?
- What are the approaches in Singapore, Japan, and China?
- What good practice (and war stories on not so good practice) looks like?
Understand cost recharges and recoveries rules in Singapore, Japan, and China and discover how they may apply to your business.