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 2)
15 October, 2:00 - 3:00 PM HKT (GMT +8)
Host: Leonard Khaw
Presenters: Petrina Chang, Rennike Tse, and Victor Zhang
The Hong Kong Inland Revenue Department (IRD) recently released Departmental Interpretation and Practice Notes (DIPNs) no. 58 and 59 on 19 July 2019, providing guidance to taxpayers on a number of transfer pricing issues contained in the Inland Revenue (Amendment) (No. 6) Ordinance 2018 (IRO). These DIPNs provide guidance in relation to the 3-tier approach to TP documentation and application of transfer pricing principles between associated persons. In this upcoming webcast, we'll discuss how the following items could potentially impact your business in Hong Kong:
- Understanding Master File/Local File requirements in Hong Kong and threshold levels for preparation.
- Country-by-Country reporting obligations, including clarification of secondary filing requirements in Hong Kong.
- Application of the transfer pricing principles as outlined in the IRO, including the operation of the domestic exemptions, and grandfathering provisions.
- Practical considerations when preparing a transfer pricing analysis.
Join us in this session to learn more about the developments listed, how they may affect you and your organization, and prepare for what's next.
Observations of the new economic substance rules introduced in UK overseas territories
14 November, 9:00 - 10:00 AM HKT (GMT +8)
Host: Vicky Wang
Presenters: James Dockeray, Anthony Fantasia, and Kayla Laidlaw
In December 2018, Bermuda, the British Virgin Islands, and the Cayman Islands passed domestic economic substance legislation that introduces increased substance requirements for certain entities resident within these jurisdictions. The legislation was introduced in response to concerns expressed by the Council of the European Union (EU) about the absence of clear general legal substance requirements for entities doing business in and through these jurisdictions. The requirements in the legislation were effective 1 January 2019 (with a six-month transitional period for existing entities) and affect certain entities that are engaged in "relevant activities" as defined within the legislation. We'll discuss:
- Overview and background of the legislation.
- Summary of the economic substance requirements.
- Annual economic substance reporting.
- Enforcement and penalties.
- Where do things stand now?
- Our experiences.
- Next steps to consider.
Join our Deloitte specialists and learn more about the requirements and the potential impact on various types of entities.