Explore archived webcasts
Webcasts archived in the last 6 months can be accessed on this page
Webcasts archived in the last 6 months can be accessed on this page. For a complete program schedule and topic information on upcoming webcasts, select the Program Guide.
Hong Kong's new transfer pricing regime: Getting on the right track (Part 2)
15 October 2019
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.
Special Edition - India Spotlight
India Taxation Laws (Amendment) Ordinance, 2019
3 October 2019
Host: Gokul Chaudhuri
Presenters: Amrish Shah, Sunil Shah, and Rohinton Sidhwa
With the objective of promoting growth and investments in the Indian economy, India has made several amendments in its tax laws on 20 September, effective immediately. Landmark changes have been introduced in the form of steep reduction in the corporate tax rates both for companies engaged in manufacturing activities as well as non-manufacturing activities provided they forego any tax incentives/reliefs that they have been availing hitherto. The much anticipated roll back of the enhanced surcharge on Foreign Portfolio Investors as well as grandfathering of buybacks by listed companies from the applicability of buyback tax for buyback announcements prior to 5 July 2019 have also been made. It is imperative that taxpayers evaluate their tax positions in light of the reforms and the choices to elect or not to elect for the revised tax provisions. We'll discuss:
- The new concessional tax regime for domestic manufacturing companies.
- The new concessional tax regime for companies in general.
- Change in tax rates/surcharge.
Learn about how India's tax laws are changing and explore actions your business can take to prepare.
Global Mobility, Talent & Rewards
Reinventing organizations to create value: Insights from Deloitte's 2019 Human Capital Trends Report
17 September 2019
Host: Anand Shankar
Presenter: Poorva Prakash
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.
Significant rulings under GST: Story so far and what lies ahead
12 September 2019
Host: Saloni Roy
Presenter: Monika Arora
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.
Transfer pricing controversy and country focus: What's happening in Australia, China, and Japan?
10 September 2019
Host: Brad Edwards
Presenters: Howard Osawa and Aaron Wang
Transfer pricing (TP) continues to be at the top of revenue authorities' tax agendas, and keeping abreast of changing local requirements and practices is important for taxpayers in managing their global transfer pricing. In this webcast, our presenters will provide you with inside views on the China's State Administration of Taxation (SAT), Japan's National Tax Agency (NTA) and the Australian Taxation Office's (ATO) current thinking, activities, and plans on transfer pricing matters. We'll discuss:
- China's SAT's continuing expansion of TP enforcement activities.
- Japan's NTA's continued focus on BEPS concepts such as value creation, intangibles, and substance, during exams and APA reviews.
- An update on ATO activities and actions arising from their Top 1000 project, future focus areas, TP dispute resolution including APA's, MAP's, voluntary disclosures, settlements, and litigation.
Join us to keep abreast of the developments in this important area of transfer pricing.
Special Edition - Indirect Tax
Malaysia Service Tax: New rules for foreign digital services providers
6 September 2019
Host: Senthuran Elalingam
Presenter: Larry James Sta Maria
The fast-growing digital economy has prompted countries to act on issues arising from the interaction of its existing GST/VAT/Indirect tax rules and
e-commerce. Malaysia has decided to follow suit by expanding its service tax regime from 1 January 2020 to tax foreign digital service providers who provide services to Malaysian customers. However, unlike other jurisdictions, Malaysia has made the decision to apply these rules to both B2B and B2C transactions as well as adopting a very wide definition for "digital services". We'll discuss:
- The rules (including available guidance) with specific focus on the scope of the tax and the critical administrative requirements.
- How businesses can prepare themselves for the introduction of these changes, with effect from January 2020.
- The potential impact that businesses will need to consider on their current business structure, arrangement, and processes.
Join us to understand how these important developments in indirect tax will impact your business.
Asset Reconstruction Companies (ARCs): Tax and regulatory framework
29 August 2019
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.
Focus on China Customs valuation: Royalty and transfer pricing
20 August 2019
Host: Dolly Zhang
Presenters: Mandy Yu and Janet Zhang
In recent years, royalties have been an important method of business and tax planning for multinational enterprises (MNEs). Meanwhile, China Customs has been putting closer scrutiny on cross-board non-trade payment, especially for royalties. In 2019, PRC General Administration of Customs issued two bulletins to clarify the declaration for dutiable royalties, which increases the compliance requirements for importers. Both Chinese tax authorities and Customs focus on transfer pricing, particularly on MNEs, and published a number of regulations. The administrations are increasingly investigating potential tax avoidance with respect to related party transactions. We'll discuss:
- The major updates of the Customs royalty rules.
- Common risks in transfer pricing from Customs and tax authority perspectives.
- How to manage the Customs valuation risks under the new trend.
Explore the latest developments from Deloitte specialists on the Customs valuation and get certainty for the supply chain in China.
Industries – Financial Services
Common Reporting Standard (CRS) compliance: Are you ready for tax authority reviews?
8 August 2019
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.
Evolution of regulations impacting inbound/outbound investments in China, India, and Vietnam
1 August 2019
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.
Double tax treaties in Asia Pacific: Updates and developments
16 July 2019
Host: Chris Roberge
Presenters: Claudio Cimetta and Radhakishan Rawal
We will review the important major developments relating to Asia Pacific double tax treaties, major case law and administrative developments concerning the interpretation of double tax treaties, and significant OECD/UN developments relating to double tax treaties. We'll discuss:
- The implementation of treaty-related BEPS recommendations and developments concerning the Multilateral Instrument in Asia.
- An update on the work undertaken by the United Nations Tax Committee.
- Important cases on treaty interpretation.
- Recent changes within the Asia Pacific treaty network.
Learn about the important developments in Asia Pacific in regard to double tax treaties and OECD/UN projects.
Special Edition - India Spotlight
India Budget 2019: Will it herald a new wave of economic reforms?
8 July 2019
Host: Shefali Goradia
Presenters: M.S. Mani, Vishweshwar Mudigonda, and Anil Talreja
India Budget 2019 is one of the much-awaited announcements in the recent times. As the government sets foot in its second term, there is a lot riding on the full budget to set the tone for growth in the next five years. The focus is to drive measures to boost the economic growth, and enhance the investment climate. A road map to spur job creation, increase private investments, and improve consumer demand is the government's priority in its second innings. To strike a fine balance between fiscal consolidation and monetary measures is essential to accelerate economic growth. Goods and Services Tax (GST) will touch its second anniversary mark, and hopes are pinned to see an improved compliance in the GST taxation process. There are expectations around potential easing of corporate taxes and start-up taxation reforms. Will the new Finance Minister's maiden budget set the tone for path-breaking reforms and growth? We'll discuss:
- Emerging opportunities in Budget 2019.
- Analysis and impact of new tax proposals on your business.
- The way forward.
Join our Deloitte specialists for an in-depth analysis of the 2019 India Budget.
Robotic Processing Automation in China: A revolution and new era
13 June 2019
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.
BEPS and Indian domestic tax law: Increased exposure to a Permanent Establishment (PE)
11 June 2019
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.
Transfer pricing aspects of financial transactions: A moveable feast
6 June 2019
Host: Ockie Olivier
Presenters: 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.
Special Edition - International Tax
Malaysia’s Special Voluntary Disclosure Program (SVDP): A special program for taxpayers to voluntarily disclose tax shortfall with reduced penalties
30 May 2019
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 2019
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.
Reverse charge and overseas vendor registration (OVR): Managing the transition
23 May 2019
Host: Senthuran Elalingam
Presenter: Richard Mackender
The fast-growing digital economy has prompted countries to act on issues arising from the interaction of its existing GST rules and e-commerce. As IRAS introduces B2B and B2C indirect tax changes in Singapore, we look at the rules and how they compare with other jurisdictions. We will also discuss how businesses can prepare themselves for the introduction of these changes, with effect from January 2020. Businesses will need to consider the potential impact on their current business structure, arrangement and processes. We'll discuss:
- Overview of reverse charge and overseas vendor registration (OVR).
- Comparison with other jurisdictions.
- The way forward.
Join us to understand how these important developments in indirect tax will impact your business.
2019 Korea Tax Reform: Improving efficiency and preventing tax evasion
14 May 2019
Host: Scott Oleson
Presenters: Young Pil Kim and Sung Soo Woo
Along with the government's effort to boost economic growth and create jobs, the 2019 Tax Reform bill which was approved by the Korea's National Assembly in December 2018 mainly focuses on improving the efficiency of the country's tax regimes, preventing offshore tax evasion, encouraging innovation and job creation, and providing support for low-income taxpayers. Among the amendments, we'll discuss:
- Broadened scope of the definition of PE in line with BEPS action 7.
- Repealed preferential tax regime for foreign-invested companies.
- New rule on taxation of Korea-sourced income for Overseas Investment Vehicles (OIV).
- Limitation on the utilization of net operating losses (NOLs) for Korean branch of a foreign corporation.
Join us in this session to learn more about the updates in the 2019 Korea Tax Reform.
Global Mobility, Talent & Rewards
Navigate business traveling today and how to stay on top of it
9 May 2019
Host: Jinho Park
Presenters: Zi Hui Cheng, Deepika Mathur, and Katie Wyatt
As organizations use business travel in an ever increasing manner, authorities around the world are increasing their focus on business travelers, placing greater scrutiny on them and their employers. Additionally, employers are expected to have full oversight of their business travelers such as actively managing consequent compliance risks associated with immigration, tax, social security, payroll, and permanent establishment. Achieving improved compliance requires a holistic approach comprising change management techniques to steer traveler behavior, effective use of technology to manage the large volume of travel data, and downstream processes to undertake compliance actions. We'll discuss:
- How authorities focus on business travel has evolved and the implications.
- Global hotspots and where employer focus on compliance is best placed.
- How organizations are responding to the challenges.
- Building a path to improved compliance and success.
Gain insights from Deloitte professionals on how your organization can keep on top of the shifting landscape, enhance governance, and strengthen compliance in business traveling.
Taxing royalty payments in a digital world: Keeping up with the changes in India
7 May 2019
Host: Sanjay Kumar
Presenters: Rakesh G. Alshi and Ankit Goel
Digital economy relies heavily on intangibles, big data, and rapidly evolving technological advancements with decreased need for local personnel to perform certain functions. However, user participation is an important value driver for various types of online platforms which contributes in the service-offerings and brand building for a multinational in the digital sector. A group company of a multinational therefore, should be entitled to its share of profits of a business that result from the unrecognized value being created by these companies irrespective of where the business's goods and services are ultimately sold. In recent judgements, Indian judiciary also analyzed the business functions and value drivers of these multinationals in digital space and its Indian arm and re-characterized the payments from India as income from value creation in India. We'll discuss:
- The transformation in business models and the need to revaluate the value drivers for business towards profit entitlements.
- Various royalty models and emphasis on variable royalty.
- Which model is more relevant in the digital world?
- Current developments from the Asia Pacific region.
Join us in this session as we learn more about the developments in the digital world and how they may affect you.