tax webcast union budget 2017

Perspectives

Deloitte India Tax webcasts

Register now for our upcoming webcast on Prosecution for Income-tax offences. Also, Replay our webinars on Union Budget 2017, BEPS, APAC region Dbriefs, etc.

India webcast

Prosecution for Income-tax offences: Steep rise in complaints and convictions

Date: Monday, 9 May 2018

Time: 5:30 p.m. – 6:30 p.m. IST 

A threefold increase in the number of prosecution complaints has occurred only in the first eight months of FY 2017-18. Until November 2017 a total of 2225 prosecution cases have been filed by the Department as against 784 filed in entire FY 2016-17. In the zeal of achieving tax recovery targets and tackling the black money menace, department is issuing prosecution notices for non-compliances like non-filing of returns, non-payment of taxes, etc.
Our discussion will cover:

  • procedure under tax laws for prosecution and defences
  • practical cases on mitigating prosecution

The approach of treating income tax offences on par and as grave as economic offences has widespread ramifications.
It is better to be updated and ready than react when prosecution notices arrive.

Tune in for an insightful and interactive webcast.

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US Tax Reforms: Understanding its impacts on your business

Date: Monday, 19 March 2018

Time: 6:30 p.m. – 7:30 p.m. IST

Deloitte Touche Tohmatsu India LLP is a knowledge partner to the American Chamber of Commerce in India (AMCHAM) for a webinar on US Tax Reforms.

With the process to codify the US tax reforms now complete it is important to understand the changes suggested and its impact on Indian subsidiaries of US companies and on American Business.The US President has signed the Tax Cuts and Jobs Act (TCJA) into Law, which is a massive tax reform package, after a conference agreement was reached by the House and Senate. This new tax laws seeks to lower tax on companies, pass-through entities, individuals, and estates and at the same time scale back or eliminate many current-law deductions, credits, and incentives for businesses and individuals.

Join us for a session to gain an understanding of how the new tax law will impact your business.

The speakers for the session are as follows:

  • Nancy Millett, Partner, Deloitte US
  • Charles Umsted, Managing Director, Deloitte US

Access to the webcast

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Union Budget 2018: Key highlights

Date: 1 February 2018
Time: 6:30 – 7:30 p.m. IST

Union Budget 2018 will be presented on 1 February 2018. The last fiscal year witnessed a slew of reforms on the tax and regulatory front. With the current government entering its penultimate year, the trend is set to continue.

Goods and Services Tax (GST) regime in India was implemented in July 2017. The release of the final rules on country-by-country reporting and master file requirements in India are significantly aligned with BEPS Action 13 guidance, reflecting India's commitment to global consistency.

GST, Real Estate Regulation Act, demonetization, bankruptcy code, recapitalization of bonds of public sector banks, and relaxation of foreign direct investment norms are challenging old practices and transforming the way India is doing business.

In these times of massive reforms, interest is further mounting to see what’s next on the cards. What economic reforms will the budget bring? How will it affect the business landscape in India?

Join us for the Union Budget 2018 special webcast, which will cover the key highlights of budget.

 

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Union Budget 2018: Detailed analysis and insights

Date: 2 February 2018
Time: 11:30 a.m. – 12:30 p.m. IST

Union Budget 2018 will be presented on 1 February 2018. The last fiscal year witnessed a slew of reforms on the tax and regulatory front. With the current government entering its penultimate year, the trend is set to continue.

Goods and Services Tax (GST) regime in India was implemented in July 2017. The release of the final rules on country-by-country reporting and master file requirements in India are significantly aligned with BEPS Action 13 guidance, reflecting India's commitment to global consistency.

GST, Real Estate Regulation Act, demonetization, bankruptcy code, recapitalization of bonds of public sector banks, and relaxation of foreign direct investment norms are challenging old practices and transforming the way India is doing business.

In these times of massive reforms, interest is further mounting to see what’s next on the cards. What economic reforms will the budget bring? How will it affect the business landscape in India?

Join us for the Union Budget 2018 special webcast, which will cover the detailed analysis and insights.
.

 

Register and access to the webcast

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US tax reform: Impact on mobility How it impacts your business?

Date: 23 January 2018
Time: 11.30 a.m. – 12.30 p.m. IST 

In December 2017, the US President signed into law the most significant change to the Federal Income tax system in over 30 years. This legislation includes substantial changes to the taxation of individuals, business in all industries, multi-national enterprises and others which would impact tax planning and company strategy.

The impact on the global mobility and rewards program should not be overlooked and needs to be revisited to cater to the changes brought in by the new legislation. What are important considerations for companies as they revisit their current policies? 

Join us for a session to gain an understanding of how the implementation of these tax reforms impact your global mobility program along with some insights of the impact from the perspective of mobility to the US from India and vice versa. 

We will discuss:

  • Implications related to changes in the tax treatment of certain expenses and modification of corporate and individual income tax rulesets and rates
  • Potential impacts on the costs and policies associated with global mobility programs
  • Application of new rules around rewards and benefits programs and impacts for program cost and design.

In light of the changes from the 2018 tax year, keep up to date with the latest developments on Global Mobility, hear our insights on how they may affect your business, what to expect, and how to prepare in advance.

India releases draft rules on Country-by-Country reporting and Master File for public consultation

Date: 12 October 2017
Time: 11:30 a.m. – 12:30 p.m. IST 

The Central Board of Direct Taxes (“CBDT”) on 6 October 2017 released draft rules in respect of CbC reporting and Master File related requirements in India, for public consultation. The draft rules provide detailed instructions for compliance with these requirements and are open for public comments till 16 October 2017. 

Join us for a session to gain an understanding of how the implementation of these recently released draft rules will have an impact on your business.

We will discuss:

  • Provisions relating to Master File
  • Provisions relating to CbC reporting
  • Impact on Indian Multinational Enterprises (MNEs)
  • Impact on MNEs headquartered outside India
  • Key suggestions/recommendations on the draft rules  

Tune in for an insightful and interactive webcast.

 

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BEPS – India spotlight

Date: 26 September 2017
Time: 3:00 p.m. – 4:00 p.m. IST

India has been one of the active members of the OECD’s BEPS initiative and as part of international consensus, India has successfully implemented various BEPS Actions Plans to address the BEPS issues.

Join us to gain an understanding of how the implementation of the following key Actions Plans in India will have an impact on your business.

Our discussion will cover:

  • Multilateral convention to implement tax treaty related measures to prevent BEPS
  • Other key issues - MNCs with Indian operations will also be impacted by other changes such as interest deductions for related party debt and changes to the definition of permanent establishment.
  • Treaty abuse
  • Aligning transfer pricing outcomes with value creation.
  • Three tier transfer pricing documentation.

 

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Permanent Establishment and Transfer Pricing audits

Date: 30 August 2017
Time: 3:00 p.m. – 4:00 p.m. IST


Controversy around existence of permanent establishment keeps on resurfacing. The Supreme Court in a recent decision in Formula One World Championship Ltd. has laid down guiding principles for qualifying as a Permanent Establishment (PE) in India, attribution of income and withholding tax. This decision is of considerable importance in the field of furthering international tax jurisprudence.
With the emergence of new safe harbour rules, CBC reporting, risk based scrutiny and BEPS, the manner of TP scrutiny assessments will undergo a change. Recent litigation also suggests a change in the trend and focus of the tax authorities.

Join us for a session analysing the changing landscape of transfer pricing litigation in India and the decision of the Supreme Court in the case of Formula One.

Our discussion will cover:

  • Decision of the Supreme Court in Formula One World Championship Ltd v. CIT (394 ITR 80)
  • Changing scenario of transfer pricing litigation in India in the light of revised Safe Harbour Rules, impact of BEPS especially CbC reporting and risk based assessments. 
  • Some recent rulings and litigation trends in the field of Transfer Pricing.

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US Tax Reforms and what they mean for India

Date: 18 July 2017
Time: 5:30 – 6:30 p.m. IST

Tax reform still looms large in Washington. The White House and congressional Republicans maintain their commitment to enacting comprehensive tax reform by the end of this year. But consensus is still lacking as to what a reformed tax code should look like.

Join us to gain a deeper understanding of the reform proposals on the table and how they might impact you.

Our discussion will cover:

  • Proposed corporate and individual rate changes—and base broadeners—in the major tax reform plans that have been released to date. These include disallowance for imports and exemption for exports, accelerated depreciation, restriction on R&D credits, tax rate changes etc.;
  • Conditions that could hasten or hinder action on tax reform this year;
  • Procedural options available to lawmakers in the pursuit of tax reform legislation; and
  • Impact of these proposals from an Indian perspective. 

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Multilateral convention signed: Impact on bilateral tax treaties

Date: 28 June 2017
Time: 11:30-12:30 p.m. IST


On 7 June 2017, 68 jurisdictions gathered in Paris to sign the multilateral convention (MLI) to give effect to the double tax treaty-related proposals in the BEPS project. The signing of the MLI is an important milestone in global agreement on international taxation and has the effect of changing more than 1,100 bilateral tax treaties. "Minimum standard" changes to the functioning of bilateral tax treaties in the areas of treaty abuse, mutual agreement procedures (MAP), and treaty preambles will be implemented though the MLI. Further, depending on the reservations and notifications made by each party, optional changes make modifications in permanentestablishments (PE), transparent entities, residency tiebreakers, double tax relief, and other items.


Join us to gain an understanding of how the signing of the MLI will impact bilateral treaties and the taxation of international transactions

We'll discuss:

  • Jurisdictions that are covered and those that have opted out.
  • Significant impact areas to businesses.
  • What does not change?
  • Mechanism to analyze and interpret bilateral treaties read with MLI.
  • Time frame.
  • Next steps.

 

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Tax Litigation in India- Changing Landscape

Date: 27 April 2017
Time: 3:00–4:00 p.m. IST

In India courts have played crucial role in the development of jurisprudence. Many a time conceptual issues have been settled by the courts. The decisions of tax tribunals and courts have provided clarity on legal issues and on interpretation of facts not only for the Indian taxpayers, counsels and tax authorities but also to those in other countries. The landmark decisions of the Indian courts are quoted in tax journals across the world as well as by courts in other countries. Courts in India are alive to developments in other countries and draw strength for reaching decisions. The decisions by the courts provide much needed resolution from litigation to taxpayers. Fortunately the tax department has been taking steps to reduce litigation.

Join us for a session analysing the changing landscape of tax litigation in India.

We will discuss:

  • Some recent landmark decisions on International Taxation;
  • Some recent landmark decisions on Transfer Pricing;
  • Important lessons from the above decisions; 
  • Recent steps by the tax department to reduce litigation;
  • Proposed change in penalty provisions – the ramifications.

Tune in for an insightful and interactive webcast.

 

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Dbriefs Asia Pacific Tax webcast: India Spotlight

Post-BEPS structuring for real estate deals: A focus on China, India, and Japan

Date: 23 May 2017
Time: 2:00 – 3:00 PM HKT (GMT +8)

In the era of post-BEPS, how would you structure your investment in the real estate sector in India, China, and Japan so as to ensure it does not expose you to unintended tax costs and maximizes opportunity? We'll discuss

  • Overview of a post-BEPS typical investment structure in the real estate sector.
  • Taxation of repatriation.
  • Tax implications on financing arrangements.
  • Exit tax considerations.
  • Practical case studies and lessons learned.

Keep up to date with how post-BEPS investment structure in the real estate sector could impact your business.

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Transfer pricing documentation: Addressing the practical challenges

Date: 16 May 2017
Time: 2:00 – 3:00 PM HKT (GMT +8)

Transfer pricing documentation sits high on the "to do list" of multinationals around the world. But, where to start, what to prioritize and how to manage the local complexities and nuances of the new reporting regime is not always clear. In this session, we will share ideas and tips on how to manage the process of developing strategic and compliant Master Files and Local Files. We'll discuss:

  • Bringing a risk management lens to the process.
  • Setting up for efficient future compliance.
  • Addressing the heightened transparency of documentation.

Deloitte experts will share their practical experience and insights from having worked with a wide range of multinationals and developed tools and solutions to meet a variety of global documentation needs.

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Insolvency and Bankruptcy Code 2016: Step towards speedy resolution process

Date: 27 April 2017
Time: 2:00 – 3:00 PM HKT (GMT +8)

In India, multiple laws and adjudication authorities make the procedure for corporate and individual insolvency and bankruptcy cumbersome as well as time consuming. For speedy resolution of insolvency proceedings, a consolidated legislation, i.e., The Insolvency and Bankruptcy Code 2016 (Code) was enacted effective from May 2016. The Code designates the National Company Law Tribunal (NCLT) and Debt Recovery Tribunal (DRT) as adjudicating authority in this regard for Companies / LLPs and Individuals / Partnership Firms, respectively. For corporates, what does this mean in terms of impact on their business continuity where a company is unable to pay its debts? We'll discuss:

• Highlights of the Code – a step for speedy insolvency resolution.

• Institutional framework and machinery under the Code.

• Broad process for corporate insolvency resolution process.

• Role of insolvency professionals in corporate insolvency resolution process.

Stay informed about the Insolvency and Bankruptcy Code and gather insights into how it may affect your decisions for your organization.
 

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Tax impact of Indian Accounting Standards (IndAS)

Date:20 April 2017
Time:2:00 – 3:00 PM HKT (GMT +8)

Many Indian companies are required to adopt the new Indian Accounting Standards (IndAS) in a phased manner starting from Financial Year 2016-17. IndAS brings in the concept of time, value of money, fair valuation, and substance of a transaction in accounting rather than form. IndAS will have a significant impact in computing the income of the company both under the Minimum Alternate Tax (MAT) provisions and under the normal provisions of Income Tax Act, 1961 (the Act). In Budget 2017 presented on 1 February 2017, though the government has announced certain changes in MAT provisions for IndAS compliant companies, a number of questions remain unanswered and the challenges in computing the normal income continues. We'll discuss:

• IndAS – applicability and key accounting principles.

• Amendments in MAT provisions for IndAS Compliant companies, along with illustrations.

• Interplay of IndAS vis a vis Income Tax Computation and Accounting standards in computing the income under the normal provisions of the Act.

• Transition issues.

Gain a better understanding of the new Indian Accounting Standards and how they would impact your Indian tax position.
 

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Base Erosion and Profit Shifting (BEPS): What's happened so far? And what's next?

Date: 28 March 2017
Time: 2:00 – 3:00 PM HKT (GMT +8)

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.

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Dbriefs Asia Pacific Tax webcasts

Forecast your future

Take a quick look at the Program Guide for the list of Asia Pacific Webcast series to be conducted from January-March 2017.

Webcast series

View the guide

Deloitte India webcast: Industry-specific impact of Union Budget 2017

Union Budget 2017 is expected to be game-changing. Deloitte has organised industry sessions on 3 February 2017 to discuss in detail the impact of the Union Budget on various industries. In each of these sessions, we will discuss general topics like:

  • How will the Union Budget impact industries?
  • How will the industries be benefited? 
  • What will be the likely issues? 
  • What will be the implications arising out of the Union Budget?

The speakers will be subject matter experts and industry specialists from Deloitte. Join us to understand the industry-wise breakdown of the Union Budget.

India Budget 2017: Will it be a "blockbuster"?

Date: 2 February 2017
Time: 2:00 - 3:00 p.m. IST

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

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Union Budget 2017: Impact on retail and consumer sector

Date: 3 February 2017
Time: 11 a.m. - 12 p.m.

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Union Budget 2017: Impact on financial services

Date: 3 February 2017
Time: 12-1 p.m.

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Union Budget 2017: Impact on public sector, infrastructure, and energy sectors

Date: 3 February 2017
Time: 2-3 p.m.

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Union Budget 2017: Impact on technology, media, and telecommunications

Date: 3 February 2017
Time: 3-4 p.m.

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Union Budget 2017: Impact on manufacturing sector

Date: 3 February 2017
Time: 4-5 p.m.

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