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
Evolution of regulations impacting inbound/outbound investments in China, India, and Vietnam
1 August, 2:00 - 3:00 PM HKT (GMT +8)
Host: Anil Talreja
Presenters: Wei Heng Jia and An Vo
The business landscape is changing globally like never before. In order to keep pace with the dynamic market scenario, various countries are bringing necessary changes to the existing law or introducing new regulations relevant to the issues faced. We have also witnessed how countries have amended their local laws in line with the BEPS action plan. Countries across the globe are also working towards implementing MLI based on the aspects adopted. Given the various changes in laws, these are closely being considered by the investors prior to making any investment decisions across jurisdictions. We'll discuss:
- Various regulations that have been introduced which are critical to cross border investments.
- Overview of the impact that is witnessed in making business decisions.
- Key tax and regulatory considerations in relation to cross border investments.
- Practical case studies.
Join us to understand the evolution of various regulations and its impact on investment activities across the region.
Industries – Financial Services
Common Reporting Standard (CRS) compliance: Are you ready for tax authority reviews?
8 August, 2:00 - 3:00 PM HKT (GMT +8)
Host: Michael Velten
Presenters: Candy Chan and Alison Noble
The OECD common reporting standard (CRS) is a global standard, implemented through local legislation and guidance and operationalized by financial institutions in each participating country. The OECD will begin reviewing implementation of the CRS in participating countries in 2020. To prepare for these reviews, tax authorities in Asia Pacific are beginning to undertake reviews and audits of compliance by financial institutions with the CRS and local rules and guidance. We'll discuss:
- The compliance activities the OECD expects tax authorities to undertake.
- The status of tax authority review and audit activity across Asia Pacific.
- How a financial institution might prepare for a tax authority CRS review or audit.
Join our global information reporting specialists from Asia Pacific as we discuss what financial institutions should consider in preparing for CRS reviews and audits.
Asset Reconstruction Companies (ARCs): Tax and regulatory framework
29 August, 2:00 - 3:00 PM HKT (GMT +8)
Host: Vishal Agarwal
Presenters: Rajesh Agarwal and Shashikant Shenoy
Asset Reconstruction Companies (ARCs) were introduced in 2002 in India as an attempt to provide a framework for effective resolution and recovery of stressed assets. However, the law remained riddled with litigation with no meaningful resolution of bad loans taking place under its aegis. The law itself has been evolving to make it a true resolution vehicle. However, with the introduction of The Insolvency and Bankruptcy Code, 2016 (IBC), the landscape has changed entirely. ARCs are now at the forefront of the resolution process and foreign investor interest is high. We'll discuss:
- Key regulatory changes in the ARC regime over the years.
- What has IBC changed and how ARCs fit in.
- Key tax and accounting aspects of transactions by ARCs and their trusts.
Keep up to date with the latest developments on the resolution framework in India.
Observations of the new economic substance rules introduced in UK overseas territories
5 September, 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.
Significant rulings under GST: Story so far and what lies ahead
12 September, 2:00 - 3:00 PM HKT (GMT +8)
Host: Mahesh Jaising
Presenters: Mahesh Jaising and Saloni Roy
Anti-profiteering and advance ruling, two key limbs of the Goods and Services Tax (GST) framework, are perhaps the most debated and deliberated topics at present. While advance ruling assumes significance in the context of providing clarifications to ambiguities that taxpayers might have in relation to the new tax reform, the concept of anti-profiteering has been made part of India's indirect tax regime for the first time. Recently, there has been a spate of rulings pertaining to both the subjects, and emergence of additional complexities and confusion for taxpayers at large. Certain adverse orders by the National Anti-Profiteering Authority have seen widespread dissension in light of absence of a well-defined legislative framework to govern anti-profiteering investigations. On the other hand, a series of advance rulings pertaining to issues such as inter-office services, intermediary services, employer-employee transactions seem to violate the basic provisions of the GST law, and have therefore not meeting the very purpose of providing clarifications to taxpayers. In addition, it is important to assess the rationale adopted by the authorities in the context of the said anti-profiteering orders and advance rulings, as the same may be applied in case of other taxpayers. We'll discuss:
- Key advance rulings and anti-profiteering orders.
- Methodology and rationale adopted by the authorities.
- Challenges to the relevant rulings and provisions.
- The way ahead for industry.
Keep up to date with the latest developments regarding advance rulings and anti-profiteering in India and how they may affect your organization.
Global Mobility, Talent & Rewards
Reinventing organizations to create value: Insights from Deloitte's 2019 Human Capital Trends Report
17 September, 2:00 - 3:00 PM HKT (GMT +8)
Host: Poorva Prakash
Presenters: Anand Shankar and Samuel Tsang
A shift is underway as businesses go beyond corporate responsibility to become social enterprises, actively listening to the world around them to better understand and support their stakeholder networks. With a unique blend of cultures and practices in Asia, what trends are unfolding and what steps are companies taking? We'll discuss:
- Changes in the workforce, workplace, and the nature of work itself.
- New applications of mobile and digital technologies and their impacts on organizations.
- The growing demand for HR leaders and teams in Asia to be effective partners to the business.
- Potential implications of these trends for organizations and individuals.
Gain insights from Deloitte professionals on how your organization can keep on top of the latest HR trends and prepare for what's next.