Dbriefs Bytes Central

18 September 2015

Dbriefs Bytes brings you a weekly summary of the significant international tax developments impacting Asia Pacific. This video is broadcast every Friday afternoon. Stay tuned!  Dbriefs Bytes is presented by Steve Towers, Asia Pacific Leader - International Tax

18 September 2015

1.BEPS (00:35)

1.1  Australia: MAAL legislation (00:59)

  • For a copy of the bill, click here, the explanatory memorandum, click here, and our Tax Alert, click here
  • For information: David Watkins (Sydney)

1.2  Country-by-Country Reporting and Master File / Local File (09:08)

  • Mexico, Netherlands, U.S., Australia

1.3  BEPS reports (10:10)

  • For a copy of the 13 placeholders
    • Action 1: Addressing the Tax Challenges of the Digital Economy, click here
    • Action 2: Neutralising the Effects of Hybrid Mismatch Arrangements, click here
    • Action 3: Designing Effective Controlled Foreign Company Rules, click here
    • Action 4: Limiting Base Erosion Involving Interest Deductions and Other Financial Payments, click here
    • Action 5: Countering Harmful Tax Practices More Effectively, Taking into Account Transparency and Substance, click here
    • Action 6: Preventing the Granting of Treaty Benefits in Inappropriate Circumstances, click here
    • Action 7: Preventing the Artificial Avoidance of Permanent Establishment Status, click here
    • Action 8-10: Aligning Transfer Pricing Outcomes with Value Creation, click here
    • Action 11: Measuring and Monitoring BEPS, click here
    • Action 12: Mandatory Disclosure Rules, click here
    • Action 13: Transfer Pricing Documentation and Country-by-Country Reporting, click here
    • Action 14: Making Dispute Resolution Mechanisms More Effective, click here
    • Action 15: Developing a Multilateral Instrument to Modify Bilateral Tax Treaties, click here

1.4  G20 finance ministers meeting (11:05)

  • For a copy of the communiqué, click here

1.5  China and Singapore (11:43)


2.Cases (13:18)

2.1  ECJ: Asparuhovo (13:37)

2.2  U.S.: BNY & AIG (16:19)

2.3  Japan: Tokyo Star Holdings (18:03)


3. Asia Pacific (19:35)

3.1  China (19:48)

  • Circular 60
    • For a copy of Circular 60 (in Chinese), click here
    • For information: Vicky Wang (Shanghai) or Ye Hong (Shanghai)
  • Draft "Implementation Regulations for Special Tax Adjustments"
    • For a copy of the draft (in Chinese), click here
    • For information: Eunice Kuo (Shanghai)

3.2  In brief (21:52)

  • Australia
  • New Zealand
  • Pakistan
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam


4. Europe (22:22)

4.1  In brief

  • Belarus
  • Belgium
  • Bulgaria
  • Croatia
  • EU
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Luxembourg
  • Netherlands
  • Poland
  • Romania
  • Slovenia
  • Spain
  • Sweden
  • UK


5. Africa (23:16)

5.1  In brief

  • Angola
  • Cape Verde
  • Egypt
  • Nigeria
  • Mauritania


6. Central Asia (23:43)

6.1  In brief

  • Kazakhstan
  • Turkmenistan
  • Uzbekistan


7. Americas (24:07)

7.1  U.S. (24:20)

  • For a copy of the four U.S. government documents, click here for integrated hedging transactions, click here for proposed section 367 regulations, click here for temporary transfer pricing regulations, and click here for notice requesting comments on IRS Form 5472, and click here for our Tax Alert
  • For information: Gretchen Sierra (Washington, D.C.)

7.2  In brief (25:29)

  • Brazil
  • Costa Rica
  • Mexico
  • Peru
  • Puerto Rico
  • Uruguay


8. Treaties (25:48)

8.1  U.S. model treaty: proposed changes (26:01)

  • For a copy of the USCIB letter, click here

8.2  In brief (26:33)

  • Spain / Qatar
  • Azerbaijan / San Marino
  • Switzerland / Albania
  • Switzerland / Norway
  • Iran / Iraq
  • Spain / Oman
  • Spain / Uzbekistan

To avoid buffering when watching the video online, you can download the video by right clicking the link below and choose "Save target as" to save the video to your computer.

Download video

For access from China, you are recommended to click here to watch the video.


The last 8 Dbriefs Bytes videos (with full description) are available below. 

Click the links below to access. You can also choose to download the video by right clicking the "Download video" link on each individual page and choose "Save target as" to save the video to your computer. 

- 4 September 2015
- 28 August 2015
- 21 August 2015
- 14 August 2015
- 31 July 2015
- 24 July 2015
- 10 July 2015
- 19 June 2015

You can also find all the archived videos on iTunes / RSS / YouTube

How to view / subscribe Dbriefs Bytes

You can view or subscribe Dbriefs Bytes by the following channels:

Visit our website via

The latest video will be posted to our website weekly. Check with us every Friday.

Subscribe via iTunes / RSS feeds / YouTube channel

You can view Dbriefs Bytes on your mobile devices including iPhone, iPad, and Android. You can download the videos through iTunes or subscribe via RSS feeds or our YouTube channel. Simply click the following links to search the videos available online.

Subscribe via iTunes | Subscribe via RSS | Subscribe via YouTube

Updating your Dbriefs profile

If you want to join our subscription list, you can update your Dbriefs profile by checking the "Dbriefs Bytes" box under "My selection".


CPE/CPD information

Please note that CPE/CPD credit is NOT provided for watching Dbriefs Bytes. Please refer to our CPE/CPD information page for more details.

持续专业教育CPE /持续专业发展信息CPD


请注意,观看Dbriefs微播,我们不能提供持续专业教育(CPE) /持续专业发展(CPD)学时。欲了解更多信息关于CPE/ CPD,请参考我们的CPE/ CPD 网页。





持续专业教育CPE /持续专业发展信息CPD


请注意,观看Dbriefs微播,我们不能提供持续专业教育(CPE) /持续专业发展(CPD)学时。欲了解更多信息关于CPE/ CPD,请参考我们的CPE/ CPD 网页。





Contact us

For general enquiry and comments on Dbrifes Bytes, please send an email to

Disclaimer Note

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Please note that the comments made in this presentation, to some extent, are based on material obtained from sources outside Deloitte.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the ″Deloitte network″) is, by means of this video, rendering professional advice or services.

No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this video.