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Deloitte India Tax webcasts

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Previous webcasts

Indian GST and customs: Fundamentals and updates | 6 September 2021

The Indian indirect tax structure has witnessed landmark reforms with the introduction of the Goods and Services Tax (GST) and changes in customs processes. Businesses, whether prospective or existing, need to adapt to the changes for effective operations.

Over a series of webinars, our subject matter experts will discuss the Indian GST and customs landscape as well as recent updates. They will also share insights on how the changes impact Japanese companies and recommend actions that can be taken today to address key business challenges.

Our inaugural webinar covered basics of GST and customs, and key issues around taxability and categorisation of supplies under GST.

Panellists:
• Bhavik Timbadia, Subject matter expert, India
• Mahesh Jaising, Partner, Deloitte Touche Tohmatsu India LLP
• Payal Tuli, Tax Principal, DTS Global Trade Advisory
• Saloni Roy, Subject matter expert, India
• Vimal Pruthi, Subject matter expert, India

Indian GST and customs: Fundamentals and updates | 3 September 2021

The Indian indirect tax structure has witnessed landmark reforms with the introduction of the Goods and Services Tax (GST) and changes in customs processes. Businesses, whether prospective or existing, need to adapt to the changes for effective operations.

Over a series of webinars, our subject matter experts will discuss the Indian GST and customs landscape as well as recent updates. They will also share insights on how the changes impact Japanese companies and recommend actions that can be taken today to address key business challenges.

Our inaugural webinar covered basics of GST and customs, and key issues around taxability and categorisation of supplies under GST.

Panellists:
• Fumiko Mizoguchi, Partner, Indirect Tax, Deloitte Japan
• Koji Makino, Managing Director, Indirect Tax, Global Trade Advisory
• Payal Tuli, Tax Principal, DTS Global Trade Advisory
• Saloni Roy, Subject matter expert, India

US-India tax fundamentals for new US tax residents | 18 August 2021

The recent global pandemic has prompted high net worth families to consider alternate residency as a safety and security strategy. However, establishing residency in another country may bring income and estate tax complications.
The United States (US) taxation system can be especially difficult to understand and very complicated for foreign nationals with material assets in their home country.

Deloitte Touche Tohmatsu India LLP (DTTILLP) is hosting two webinars on tax issues faced by Indian families with US permanent residency. The panellists include tax specialists from Deloitte Global Employer Services, and subject matter experts, and an Immigration specialist from FRR immigration.

Series-1: Fundamental tax implications of secondary residency in the US
• EB-5 update and Issues
• Indian Foreign exchange fundamentals
• US Inpatriate Tax fundamentals
• Estate and Gift Tax fundamentals

Subject matter experts:
• Anna Chapman, Global Employer Services, Deloitte Tax LLP, US
• Joydeep Datta Gupta, Deloitte Touche Tohmatsu India LLP
• Janak Mehta, Director, FRR Immigration
• Vijay Dhingra, Subject matter expert, India
• Jason Fox, Global Employer Services, Deloitte Tax LLP, US
 

 

GIFT IFSC: An evolving landscape | 29 July 2021

A discussion on recent developments and tax incentives introduced to relocate offshore funds and set up new fund structures in Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC).

• Incentives to offshore funds in relocating to IFSC
• Incentives to new fund structures set up in IFSC
• Practical aspects and considerations in relocating existing offshore funds as well as setting up new funds
• Proposed Variable Capital Company (VCC) structure in IFSC - Key recommendations of the committee set up by the IFSC Authority

Subject matter experts:

Sandip Shah, Head – IFSC Department, GIFT City
Rajesh H Gandhi

Moderator: Monish Shah, Deloitte Touche Tohmatsu India LLP
 

Double tax treaty update | 7 July 2021

Ratification of the Multilateral Instrument (MLI) by many countries has resulted in one of the most across the board changes to double tax treaties in recent times but the precise consequences vary and common positions / interpretations have yet to emerge. In this session, we'll discuss:
• The changes and how they are expected to impact the Asia Pacific double tax treaties.
• Principal purposes, economic substance, and other treaty interpretation matters
• .Recent legal cases that impact treaty interpretations.

Subject Matter Expert: Gokul Chaudhri

Remote work: Setting the right strategy | 17 June 2021

The landscape of remote work is changing rapidly as the pandemic has accelerated the future of work. For many businesses, there will be reduced importance as to where work is done and increased focus on how work is done, leveraging robotics, automation, digital capabilities, connected platforms, tools and techniques. We are seeing remote work come to life in several scenarios today, and each has different features, challenges and possible approaches. Our discussion will also include a review of alternative employment models such as a GEC and where these may or may not be attractive remote work solutions. This session will focus on how companies are:

  • Navigating challenges including tracking and managing employee and employer risk and compliance.
  • Developing a decision making framework to manage remote work requests and mitigate compliance risk.
  • Developing remote work policy, processes and governance models to implement long-term remote working solutions.

Subject Matter Expert: Vijay Bharech

Structuring for special-purpose acquisition company (SPAC) listing, tax consequence and other key aspects | 27 May 2021

Over the past decade, special purpose acquisition companies (SPACs) have gained popularity in the global markets. The year 2020 has been the year of SPAC with a record fund raise of around US$83 billion and more than 50 percent of the listing transactions in the United States having been executed through SPACs. In the first few months of 2021, the momentum of fund raising in US through SPAC has increased multi-folds with European region also raising funds through SPAC. Asia Pacific has recently witnessed its first SPAC getting close to fruition in the recent times. This has garnered a lot of interest in the business and the investor community, eliciting several questions from them on various aspects related to SPAC. In near future, it is expected that Asia Pacific will also catch on to SPAC fund raising wave soon. We'll discuss:
• An overview of SPAC.
• Structures, listing, and tax consequences and other key aspects.
• Takeaways and the way forward.

Subject Matter Expert: Hemal Mehta
 

Production Linked Incentives Scheme | Leap towards Atmanirbhar Bharat | 21 May 2021

The Indian Government is consistently working on fiscal reforms to drive its “Atmanirbhar Bharat” campaign.

Recently, a new framework of Production Linked Incentives (PLI) schemes is being issued by the Federal Government which provide incentives upon undertaking manufacturing activities in India and is applicable to domestic sales and to exports from India. PLI schemes are sector focussed and cover 13 different sectors for now, with a scope of more sectors to be included in the future.

These schemes also have an important interplay with corporate tax concessions. These schemes would be of interest and may be applicable to some of your investee companies.

During this webinar we would be learning about the following:
• Overview of PLI Scheme issued in India so far
• Sector coverage and benefits under the Schemes
• PLI Experience – some practical insights

Speakers:

Shalabh Goel, Director - Finance, India and APAC, Centrient Pharmaceuticals
Bela Sheth Mao, Host and Partner, Deloitte Touche Tohmatsu India LLP
Gulzar Didwania, Subject matter expert
Rajiv Bajoria, Subject matter expert
Saurabh Kanchan, Subject matter expert

Emerging Production Linked Incentives Schemes: What's in it for you? | 29 April 2021

The Government of India has been consistently focusing on fiscal reforms to drive the "Make in India" campaign. Recently, Production Linked Incentive (PLI) schemes have been being instituted by the Federal Government which provide incentives to organizations undertaking manufacturing activities in India and is applicable to both domestic sales and to exports from India. The PLI schemes are sector focused and currently cover 13 different sectors. These schemes can be availed in parallel with state incentives as well as corporate tax concessions emerging from legal entity structuring. The early rounds of PLI notifications had significant patronage which has encouraged the government to explore extending it to additional sectors beyond the 13. Given this in context, we will discuss:

  • The Indian economy in perspective and the focus on manufacturing.
  • Overview of PLI schemes issued by Federal Government.
  • Sector coverage and interplay with State Industrial Policies.
  • Interlinkages with legal entity structuring and supply chain implications.
  • Concessional corporate tax rates for new manufacturing entities and incentives to support employment generation.
  • Impact for businesses

Subject matter experts:

Gulzar Didwania

Neeru Ahuja

PS Easwaran

Transfer Pricing in uncertain times: Considerations for year-end book closure | 14 April 2021

The catastrophic impact of the COVID-19 pandemic will be far reaching—one of the implications MNCs will be closely deliberating at the time of book-closure of the first COVID impacted year is the treatment to transfer prices with related parties, particularly as the supply chain of companies is dramatically impacted.

Such uncertain and unprecedented times will require a multi-pronged bespoke approach which will provide you with the following support:
• Predict an appropriate arm’s length price.
• Align the business specific impact with your transfer pricing policy.
• Create a contemporaneous documentation or legal evidence file to mitigate your future audit risks.

Join us as we discuss experiences on risk mitigation strategies, as well as holistic approaches towards the challenges presented by the pandemic, and how we can navigate the year-end book-closure.

Subject matter expert:

• Karishma Phatarphekar, Partner, Deloitte Touche Tohmatsu India LLP
• Atul Gupta, subject matter expert
• Bhupendra Kothari, subject matter expert
• Richa Gupta, subject matter expert

Tax controversy in Asia Pacific: Implications and takeaways (Part 3) | 7 April 2021

The tax environment is changing rapidly with tax authorities once again becoming more focused on tax disputes post all the government relief provided because of Covid-19. In part 3 of our 3 part Tax Controversy series, we review the administrative and practical approach of the tax authorities to controversy and disputes in the region. We'll discuss:

• Tax authorities approach to controversy and disputes in the region.
• Key takeaways.

Subject matter expert: Ketan Ved

Special-purpose acquisition company (SPAC) | 25 March 2021

Over the past decade, special-purpose acquisition companies (SPACs) have gained popularity in the global markets. The year 2020 has been the year of SPAC with a record fund raise of around US$83 billion and more than 50 percent of the listing transactions in the United States having been executed through SPACs.

India saw its first SPAC getting close to fruition in the recent times with the announcement of the merger of RMG II SPAC and Renew Power (Renew SPAC). This has generated a lot of interest in the Indian business and the Investor community, eliciting several questions from them on various aspects related to SPACs.

In the first of a series of sessions dedicated to SPACs, please join us for a deep dive into the structuring considerations in a SPAC and engage in a discussion around the practical challenges and insights in the SPAC journey.

Moderator for the session

• Kalpesh Maroo, Partner, Deloitte Touche Tohmatsu India LLP

Speakers for the session

  • D Muthukumaran, CFO, Renew Power Limited
  • Harshal Kamdar, CFO, Sequoia Capital 
  • Hemal Mehta, Subject matter expert

 

Tax controversy in Asia Pacific: Implications and takeaways (Part 2) | 25 March 2021

The tax environment is changing rapidly with tax authorities once again becoming more focused on tax disputes post all the government relief provided because of Covid-19. In part 2 of our 3 part Tax Controversy series, we review some of the key tax cases in the region from 2020 dealing with transfer pricing and how the tax authorities utilize transfer pricing in tax disputes. We'll discuss:

• Transfer pricing cases in the region and practical implications of those rulings.
• Key takeaways.

Subject matter expert: Karishma Phatarphekar

Recent Supreme Court ruling on Taxation of Software | 20 March 2021

The Indian Supreme Court (SC), vide its judgment dated 2 March 2021, decided a two-decade long income-tax litigation in India in relation to whether payments to foreign vendors towards purchase of computer software ought to be characterised as ‘royalty’ under the domestic law and/or the Double Tax Avoidance Agreements (DTAAs).

This landmark pronouncement must bury the historical tax controversy on software taxation in India, even as the 2012 amendment to the ‘royalty’ definition could hold the sway in cases which are not amenable to beneficial outcome under the DTAAs. Whilst the taxpayers rejoice the outcome, the Revenue may seek a remedial course under revisionary powers of the Supreme Court despite the unequivocal ratio laid down in the ruling. The Revenue’s ability to access any remedy in this case, however, would not be free from legal lacunae or limitations.

We have invited following legal experts to share their perspective over a general discussion on the ruling:
• Ajay Vohra, Senior Advocate
• N. Venkatram, Senior Advocate and Additional Solicitor General of India
• R. V. Easwar, Senior Advocate and Retired Judge Delhi High Court
 

Tax controversy in Asia Pacific: Implications and takeaways (Part 1) | 16 March 2021

The tax environment is changing rapidly with tax authorities once again becoming more focused on tax disputes post all the government relief provided because of Covid-19. In part 1 of our 3 part Tax Controversy series, we review some of the key tax cases in the region from 2020 dealing with general anti avoidance (GAAR) and how the tax authorities utilize GAAR in tax disputes. We'll discuss:

• Tax cases in the region and practical implications of those rulings.
• Key takeaways.

Subject matter expert: Sharath Rao

Indian Supreme Court judgment on income-tax characterisation of software payments | 6 March 2021

The Indian Supreme Court (SC), vide its judgment dated 2 March 2021, has decided a two-decade long income-tax litigation in India in relation to whether payments to foreign vendors towards purchase of computer software ought to be characterised as ‘royalty’ or as purchase of goods.

The SC, through an unanimous judgment pronounced by a bench of three Judges, allowed the appeals of the companies (filed against a Karnataka High Court ruling decided against the companies) and rejected the Revenue appeals (filed against a Delhi High Court decided against the Revenue). In a fairly detailed judgment, the SC held that payments made to foreign vendors towards simpliciter purchase of software (either by Indian distributors, for onward distribution to end-users or directly by Indian end-users) cannot be said to be a payment towards use of the copyright therein. As such, the payments are not taxable in India in the hands of the foreign vendors as ‘royalty’, for the years prior to the 2012 amendment to the definition of ‘royalty’ in the Indian domestic tax law. No TDS (withholding tax) therefore applies. The SC held that the 2012 retroactive amendment to the ‘royalty’ definition has to be implemented only prospectively and not retroactively. The SC also held that given the Double Tax Avoidance Agreements (DTAAs) override principle in the Indian income-tax law, the payments would not be taxable as ‘royalty’ under most of India’s DTAAs, even after the 2012 amendment in the Indian domestic tax law.

Subject matter experts:

• Arvind Datar, Senior Advocate, Supreme Court of India, Delhi
• Aravind VA, Direct Tax Head – India/South Asia, IBM
• Karishma Phatarphekar, Partner, Deloitte Touche Tohmatsu India LLP
• Rohinton Sidhwa, Subject matter expert
• Sharath Rao, Subject matter expert

 

Parental Corporate Guarantee: Changing landscape | 25 February 2021

Parental corporate guarantees are common intercompany transactions. Recently, tax and regulatory have been quite vigilant about these transactions and have been scrutinizing these transactions more closely. Unlike intercompany loans, pricing guarantees can be specifically tricky, given that in these transactions, a compensation is warranted only if there is a specific benefit conferred to the recipient. That more often than not is not so straightforward. Besides, there is always a risk of given default for the guarantor. The OECD paper on transfer pricing of financial transactions, issued in February 2020 as part of the BEPS inclusive framework, gives some valuable insights. We'll discuss:
• Transfer pricing aspects of downstream guarantee, upstream guarantee, and cross guarantees.
• Performance guarantee and letter of comforts and support.
• Specific country requirements in Asia Pacific.
Explore the latest developments in this important area of transfer pricing and how your organization might need to respond.

Subject matter experts: Sanjay Kumar and Trina Maitra

India's new labour codes: Prepare for the challenges ahead | 23 February 2021

The Ministry of Labour & Employment, Government of India, has initiated steps to simplify, amalgamate, and rationalize numerous central labour laws, into the following four labour codes - Code on Wages, Code on Social Security, Code on Industrial Relations, and Code on Occupational Safety, Health and Working Conditions. All the four labour codes have now received the assent of the President and the draft rules have also been issued. The Codes are now awaiting the notification of the effective date. We'll discuss:
• An overview of the four labour codes.
• Analysis of various definitions and their impact.
• Areas of focus and possible challenges.
Learn about the latest updates in India's labour codes and how you may need to address the challenges going forward.

Subject matter experts: Saraswathi Kasturirangan, Anjali Malhotra, Atul Mittal, Radhika Viswanathan

Gear up for the labour codes | 16 February 2021

The Ministry of Labour & Employment, Government of India has initiated steps to simplify, amalgamate, and rationalise numerous central labour laws, into the following four labour codes:
1. Code on Wages
2. Code on Social Security
3. Code on Industrial Relations
4. Code on Occupational Safety, Health and Working Conditions
While all four codes listed above, have been approved by Parliament and the Acts have been formulated, their effective date and the final rules are yet to be notified.
We invite you to join us for a knowledge-sharing session with our subject matter experts, and gear up to overcome the challenges of adopting the Codes.

Here is the agenda for the webinar:
• Overview of the specified codes
• Analysis of wage definition, and evaluation of their impact
• Focus areas and possible challenges

US Tax Update: What the new US administration has in store? | 11 February 2021

The Tax Cuts and Jobs Act of 2017 included significant modifications to international provisions of the US Tax Code.
With Joe Biden being sworn in as the 46th President of the United States of America on 20 January 2021, a change in course may be expected as the new US administration prepares to advance his tax policy agenda.
This webinar seeks to provide an interesting discussion on reviewing the tax policy agenda laid out by President Biden in his election campaign.
The proposed tax changes, among others seeks to increase the headline US corporate tax rates as well as GILTI rates, introduce a Minimum Alternate tax on non-US tax paying companies above a specified threshold, provide credits for Make in America, introduce a 10% surtax (offshoring penalty).
As for individual taxpayers, there may be some cheer for low and middle income taxpayers, although tax rates may go north for high income earners.
It is imperative to understand the impact these changes could have on the overall business models and tax costs of US corporations holding Indian subsidiaries and Indian MNCs holding US subsidiaries or having operations in the US. The changes could potentially impact several business operations such as intra-group transactions, outsourcing work outside US, manufacturing and undertaking qualifying activities to obtain credits in US, etc.
Join us for a webcast on 11 February 2021 at 7:00 p.m. India time for all that you need to know to make an informed decision of the impact of this significant development on your business.

The duration of the webcast will be 45 minutes including time for Q&A.

Subject matter experts:
• Jeffrey Kummer, Tax Managing Director, Deloitte US
• Vivien Wang, Tax Partner, Deloitte US
• Vasudha Rangaprasad, Tax Principal, Deloitte US
• Rajesh Gandhi

Union Budget Webinar for Japanese companies | 8 February 2021

The Government of India will present the Union Budget for the financial year 2021-22 on 1 February 2021. The budget normally has many policy statements, which have bearing for foreign investors as well as domestic companies and other stakeholders. Given the active policy work of the Government in areas such as farming and labour, expectations run high among all stakeholders.

Deloitte Touche Tohmatsu India LLP (DTTILLP) will be hosting a policy webinar to discuss analytically the impact of the budget on the Indian economy, with a focus on the measures taken by the central as well as state governments to create opportunities for the Japanese MNCs. 

Key features of the webinar

  • Budget 2021 - Policy and key tax proposals
  • Diversification of supply chain
  • Trends in the market
  • Experts from Embassy of India

Subject matter experts:

  • H.E. Sanjay Kumar Verma, Ambassador of India to Japan
  • Dr. Sanjay Kumar, Partner, Tax and Public Policy Leader, Deloitte Touche Tohmatsu India LLP (DTTILLP)
  • Mona Khandhar, Minister (E&C), Embassy of India, Tokyo, Japan
  • Anand Ramanathan, Partner, Deloitte
  • Masumi Hirayama, Principal, International Tax, Deloitte Singapore
  • Fumiko Mizoguchi, Partner, Indirect Taxes, Deloitte Japan
  • Bhavik Timbadia, JSG Tax Leader, Deloitte India

India Budget 2021 Life Sciences and Healthcare | 5 February 2021

India Budget 2021 was presented in Parliament on February 1, 2021. As expected, health and well-being topped the list in the six-pillared Budget announced by the Finance Minister.

Keeping in perspective the holistic approach of prevention, cure, and well-being, the FM introduced certain schemes focussing on healthcare infrastructure. There have been many representations to the government to provide reliefs and tax sops to encourage private sector engagement in the areas of research and increase the affordability of healthcare.

Join our subject matter experts along with speakers from the industry for an in-depth analysis of Budget proposals. The session lays special focus on :
• The impact of the budget proposals on the industry
• Opportunities and challenges on the road ahead
 

India Budget 2021 PE/RE | 2 February 2021

India Budget 2021 will be presented in Parliament on February 1, 2021. This year all eyes are set on how the government will reset its growth agenda and strike a balance between industry expectations and economic outlook.

There have been many representations to the government to provide reliefs and tax sops to spur economic growth, however, it will be interesting to see how the government balances such expectations along with the rising fiscal deficit.

Join our subject matter experts for an in-depth analysis of Budget proposals that could impact the Private Equity investors, their portfolio entities, and the Real Estate sector. The session lays special focus on :
• The current economic situation and the roadmap for the financial year 2021-22
• Key tax and regulatory proposals, with a special focus on impact for PE/RE
 

India Budget 2021: Towards a thriving India | 2 February 2021

India Budget 2021 will be presented in the Parliament on 1 February 2021. This year, all eyes are set on how the government will reset its growth agenda and strike a balance between the health and medical care needs and economic outlook. With digital as a necessity in the new world order, the expectations are on a rise. Fresh opportunities and revival of demand are the sources of optimism, and these are leading the country towards the journey of a thriving India. We'll discuss:

• The Government's initiatives on reviving the industries, boosting optimism, and proposals on the tax front.
• Key announcements towards making India self-reliant.
• Detailed analysis and impact of new tax proposals on your business, and the way forward.
Join our Deloitte specialists as they share a short, simple, and strategic take on the India Budget 2021.


Subject matter experts: C A Gupta, Monika Arora, Manoj Kumar, Priya Narayanan

India Budget 2021 FPIs: Webinar invitation

Date: Option 1: Monday, 1 February 8 p.m. India time 

           Option 2: Tuesday, 2 February 10:30 a.m. India time

 

This year all eyes are set on how the government will reset its growth agenda and strike a balance between industry expectations and economic outlook.

There have been many representations to the government to provide reliefs and tax sops to spur economic growth, however it will be interesting to see how the government balances such expectations along with rising fiscal deficit.

Join our subject matter experts for an in-depth analysis of Budget proposals which could impact Foreign Portfolio Investors (FPIs). The session lays special focus on :
• The current economic situation and the roadmap for financial year 2021-22
• Key tax and regulatory proposals, with a special focus on impact for FPIs

Subject matter experts:

• Rajesh H. Gandhi
• Sanjay Kumar
• Sanjoy Datta

Union Budget 2021: Highlights | 1 February 2021

India Budget 2021 will be presented in the Parliament on 1 February 2021. This year, all eyes are set on how the government will reset its growth agenda and strike a balance between the health and medical care needs and economic outlook. With digital as a necessity in the new world order, the expectations are on a rise. Fresh opportunities and revival of demand are the sources of optimism, and these are leading the country towards the journey of a thriving India.


Join our subject matter experts as they share a short, simple, and strategic take on the India Budget 2021. We will discuss:

  • The Government's initiatives on reviving the industries, boosting optimism, and proposals on the tax front
  • Key announcements towards making India self-reliant
  • Analysis and impact of new tax proposals on your business, and the way forward

Navigating intra-group service challenges in Asia Pacific | 28 January 2021

The challenges many companies face when charging headquarter or shared service center transfer pricing in Asia Pacific is long running and well known. It is even more pronounced in the current environment. For example, the benefit of companies' IT and digital spending is clearer to remote working employees, regulators, and tax administrators while pressure to reduce cost and operating leverage is acute. Against this backdrop, we will discuss the approaches to navigate these challenges and our professionals from across the region will examine three important questions:

• How has the audit environment for intra-group services and the definition of "low value" changed since the OECD released advice on low value-adding intra-group services?
• What is the interplay between commercial, financial service regulatory, and transfer pricing trade-offs to consider when putting in place or improving transfer pricing arrangement for intra-group services?
• With limited resources to operate intra-group services transfer pricing, what are the practical ways to determine and defend intra-group service charge deductions in Asia Pacific?
Find out what could help your organization to respond to the intra-group service challenges and prepare for the future.

Subject matter experts: Anushree Jagnani

Redefining priorities for global mobility, rewards, and talent: Webinars on respond, recover, and thrive | 20 January 2021

Series-3 (Thrive): COVID-19 has been impacting travel, ways of working, and ways of living across the globe. During this time, leaders are being asked to not only react to ever-changing global events, but also plan, manage business continuity, learn and emerge stronger, and prepare for the next normal.


We are organising a series of webinars covering the three stages of the COVID-19 crisis—respond, recover, and thrive.

In the upcoming ‘Thrive’ series, we will discuss the following factors on how an organisation prepares for, and shapes the “new normal”:
• Defining the next normal: With uncertainty and challenges persisting with the global pandemic, how are organisations considering to thrive? How should the performance be measured in a radically different talent environment?
• Conditions impacting government and employee behaviour: Discuss possible changes in approaches the governments collecting tax revenue, and consider what is the talent marketplace telling us about remote work, productivity, and engagement.
• Determining outcomes: End with actionable next steps on how to consider and what to do with a changed global workforce. Learn from our guest client speaker and each other.

 

Subject matter experts:

• Dharmesh Kothari, Vice President, Publicis Groupe
• Jeff Schwartz, Subject Matter Expert, US
• Poorva Prakash, Subject Matter Expert, India
• Michelle Fertig, Global Employer Services, US

The Direct Tax Vivad se Vishwas Act, 2020 | 16 December

With a view to clear the backlog of litigation, the Indian Government launched a direct tax litigation settlement scheme named the Direct Tax Vivad Se Viswas Scheme (VSV scheme) in March 2020. The VSV scheme offers taxpayers a one-time window to settle their pending income tax litigation by filing for settlement before 31 December 2020.

According to the information available on public domain, 45,855 declarations have been filed under the VSV Scheme until 17 November 2020, and a total of INR724,800M had been paid by the taxpayers. With many of the eligibility and computational related aspects clarified in the first set of FAQs, the CBDT has also issued second set of FAQs recently to aid taxpayers to adopt a pragmatic and rational decision with reference to their tax dispute matters.

Subject matter experts:
• Satyakam Mishra, Principal CCIT(International Taxation), Delhi
• Pragya Sahay Saksena, CCIT(IT&TP)WZ, Mumbai
• Gangadhar Panda, CIT(IT)-2, Delhi
• Jasdeep Singh, CIT(IT), Chennai
• P Chandershekhar, CIT(IT&TP), Hyderabad
• Gaurav Kanaujia, CIT(IT&TP), Kolkata
• Vipul Jhaveri, Subject matter expert
• Karishma Phatarphekar, Subject matter expert
 

Understanding the Code on Social Security 2020 | 18 November

The Ministry of Labour and Employment, Government of India has taken an important initiative of simplification and amalgamation of numerous central labour laws into the following four labour codes:
1. Code on Wages,
2. Code on Social Security,
3. Code on Industrial Relations and
4. Code on Occupational Safety, Health and Working Conditions

The Code on Social Security encompassing provisions relating to provident fund, employees’ state insurance (ESI), gratuity, and maternity benefit among others was passed during the monsoon session of Parliament, and received Presidential assent on 28 September 2020. The effective date of its coming into force is awaited.

We invite you to join us for a knowledge- sharing session by subject matter experts, on the compliance aspects relating to the Code on Social Security.

Agenda for the webinar is as follows:
• Overview of the Code on Social Security
• Analyse the key features of the Code, i.e., applicability, procedural requirements, and understanding the impact
• Discuss the compliance requirements, challenges, and concerns

Register for an update on the upcoming Code on Social Security.

GIFT IFSC 2020: A new global fund jurisdiction | 10 November

In 2015, India set up its first International Financial Services Centre (IFSC) in the newly established Gujarat International Finance Tec-City (GIFT City), in the western state of Gujarat. The GIFT IFSC initially offered business opportunities in diverse financial areas including banking, capital markets, insurance, asset management, and ancillary services. In 2015, the Indian regulators allowed the setting up of Alternative Investment Funds (AIFs) in GIFT IFSC. Since then, many tax incentives have been rolled out by the Government of India to promote fund activities in GIFT IFSC.

In a recent development, capital gains from non-equity investments made by a Category III AIFs set up in IFSC have been exempted from tax in the hands of the AIF and its investors. Tax exemption is further extended to transfer of units of the AIF between investors.

This is a significant move and would enable GIFT IFSC to compete with popular offshore fund jurisdictions such as Singapore and Mauritius.

Please join Deloitte Touche Tohmatsu India LLP for an interactive discussion on the framework and opportunities for setting up fund structures in Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC).

We will discuss:
• A brief update on the GIFT IFSC ecosystem, stakeholders, key tax and regulatory aspects, and recent developments
• Opportunities and issues for a fund in GIFT IFSC
• How do the recent changes compare GIFT IFSC with key offshore jurisdictions such as Singapore and Mauritius?

Moderator:
• Monish Shah, Deloitte Touche Tohmatsu India LLP

Subject matter experts:
• Arjun Prasad, Deputy General Manager, International Financial Services Centres Authority (IFSCA)
• Sandip Shah, Head – IFSC Department, GIFT City
• Rajesh Gandhi

M&A and COVID-19 strategy in India, Japan, and Korea: Charting new horizons in a world of asymmetric recovery | 10 November

M&A activity is likely to be dominated through an offensive strategy or a defensive strategy with a view to maximizing value. Asia Pacific remains the hot bed of economic activity and the focus on the region from an M&A perspective is quite high. For buyers, the greater opportunity of companies likely to streamline and reposition their portfolios, through the sale of non-core businesses pursuant to the pandemic, is leading to an increase in potential investment opportunities. However, end-to-end M&A, which includes but is not limited to carve-out and acquisition/disposal of a business presents some unique challenges. Professionals from different tax geographies will discuss:

• Divest non-core or distressed assets and wind down underperforming businesses.
• Pursue co-investment opportunities for capital intensive projects and opportunistic deals to safeguard core markets.
• Acquire distressed underperforming peers and early stage companies and capabilities to accelerate digital transformation.
• Strategic acquisitions to fill the portfolio of operations and vertical integration.
Learn about practical issues in connection with M&A tax considerations for possible buyers and potential sellers in India, Japan, and Korea.

Subject matter experts: Rahul Vig

Redefining priorities for global mobility, rewards, and talent: Webinars on respond, recover, and thrive | 4 November

Series-2 (Recover): COVID-19 has been impacting travel, ways of working, and ways of living across the globe. During this time, leaders are being asked to not only react to ever-changing global events, but also plan for the future, manage business continuity, learn and emerge stronger, and prepare for the next normal.
We are organising a series of webinars covering the three stages of the COVID-19 crisis—respond, recover, and thrive.

In the upcoming ‘Recover’ series, we will discuss the following factors that will help an organisation learn and emerge stronger:
• Headcount optimisation: Evaluating talent cost enhancement strategies including unique considerations for mobile employees (travel assigned, transferred, etc.)
• Broad-based rewards: Re-evaluating employee compensation and benefits for the ‘Recover’ phase focused on stabilising operations
• Equity & long-term incentives: Plan and program considerations to balance cost reduction pressures and talent engagement

Subject matter experts:
• Anupama Kaul, CHRO, Cummins
• Peter Simeonidis, Global Employer Services, US
• Homi Mistry, Subject matter expert, India
• Ian Dawson, Subject matter expert, US
• Claire Morrow, Global Employer Services, US

India's Equalization Levy: What comes next | 3 November

Internationally, the widespread growth in digitization of business has created challenges in allocation of taxes between market jurisdictions and headquartered jurisdiction. While the OECD has been working on arriving at a consensus on taxation of the digital economy, based on the recommendations in the BEPS action plans, many countries, have either proposed or implemented a unilateral Digital Services Tax. Further, the United Nations has introduced a proposal in the form of Article 12B (Income from Automated Digital Services) possibly in a bid to give a simple and easy to implement solution. India was the first country to introduce a digital tax called the "Equalization Levy" in 2016 on online advertisement services purchased from non-resident companies and from 1 April 2020, the scope of the Equalization Levy has been expanded to include levy on all online sale of goods or services into India by non-resident e-commerce operators. In this session, we'll discuss the following:

• Update on OECD's position on Pillar One and Pillar Two.
• Overview of the UN's Proposal on income from Automated Digital Services – Article 12B.
• Asia Pacific update on Digital Services Taxes or other responses.
• India's Equalization Levy.
• Case studies on the Indian experience.

Stay updated on the latest developments on digital services taxes and the Indian Equalization Levy and its impact on your organization.

Subject matter experts: Manoj Kumar, Radhakishan Rawal, Shefali Goradia

G20/OECD Inclusive Framework on BEPS: Reports on Pillar One and Pillar Two Blueprints | 27 October

On 12 October 2020, OECD released a package consisting of the reports on the Blueprints of Pillar One and Pillar Two. These Blueprints give details of the architecture and policy rationale of the proposed solutions. These represent a significant departure from the current framework of international taxation and allocate higher taxing right to the market jurisdictions.

Mr. Rasmi Ranjan Das, Joint Secretary (FT&TR-I), CBDT will share his views on the proposed solutions. The event will predominantly focus on Pillar 2 proposals with high-level comments on Pillar One. We will discuss the following along with examples:

· Income Inclusion Rule (IIR)

· Undertaxed Payment Rule (UTPR)

· Switch-over Rule (SOR)

· Subject to Tax Rule (STTR)

Guest speaker: Rasmi Ranjan Das, Joint Secretary (FT&TR-I), CBDT, Department of Revenue, Ministry of Finance

Subject matter experts: Ashutosh Dikshit, Radhakishan Rawal, Shefali Goradia, Vishweshwar Mudigonda

India's shift from dividend distribution tax to taxing the shareholder: Issues, challenges, and opportunities | 20 October

India has abolished its two-decade-old levy of dividend distribution tax on domestic companies and moved back to the classical system of taxing dividends in the hands of shareholders. Domestic companies will now therefore have to comply with withholding tax provisions on dividend declared. We'll also discuss:

• Impact on the shareholders.
• Concept of beneficial ownership under tax treaty.
• Impact of General Anti-Avoidance Rules (GAAR), Principal Purpose Test (PPT), and Multilateral Instrument (MLI).
• Availability of lower rate under Most Favoured Nation (MFN) clause.
• Documentation to be maintained by domestic companies.

Gain insights on how this will impact your organization.

Subject matter experts: C.A. Gupta, Rashmi Maskara, Sujit Parakh

Gearing up for the labour codes – Code on Wages | 7 October

The Ministry of Labour and Employment, Government of India has taken an important initiative of simplification and amalgamation of numerous central labour laws into the following four labour codes:

  1. Code on Wages,
  2. Code on Social Security,
  3.  Code on Industrial Relations and
  4. Code on Occupational Safety, Health and Working Conditions

The Code on Wages which was enacted in August 2019 is awaiting notification for the effective date. The draft rules were also published earlier this year, and stakeholder suggestions were invited. We expect the revised rules to be published soon.

The other three codes have also received the Presidential assent and now awaiting the notification of the effective date.

Deloitte Touche Tohmatsu India LLP invite you to join us for a knowledge-sharing session by subject matter experts, on the compliance aspects relating to the Code on Wages read with the draft rules.

Agenda for the webinar:

  • Overview of the Code on Wages
  • Analyse the key features of the Code, i.e., definitions, applicability, procedural requirements, and understanding the impact of the same
  • Discuss the compliance requirements, challenges and concerns

Subject matter experts: Nitin Shingala, Saraswathi Kasturirangan, Radhika Viswanathan, Tarun Garg

Redefining priorities for global mobility, rewards, and talent Webinars on respond, recover, and thrive | 30 September

COVID-19 has been impacting travel, ways of working, and ways of living around the globe. During this time, leaders are being asked to not only react to ever-changing global events, but also plan for the future, manage business continuity, learn and emerge stronger, and prepare for the next normal.

A typical crisis plays out over three time frames:
• Respond, in which a company deals with the present situation and manages continuity;
• Recover, during which a company learns and emerges stronger;
• Thrive, where the company prepares for and shapes the “next normal”.

We are organising a series of webinars on the three stages, covering the following aspects:

Series-1 (Respond)

We will discuss how an organisation deals with the present situation and manages mobility, rewards, and talent for business continuity:
• Workplace and policy | revising work arrangements
• Compliance and regulatory | re-evaluating the future of employee mobility
• Economic and tax relief | understanding stimulus packages

Subject matter experts: Saraswathi  Kasturirangan (India), Joel Eisenreich (Global), Michelle Fertig (Global), Chaitanya N Sreenivas (VP HR & HR Head India South Asia at IBM)

Gearing up for the labour codes | 15 September

The Ministry of Labour & Employment, Government of India has initiated steps to simplify, amalgamate, and rationalise numerous central labour laws, into the following four labour codes:
1. Code on Wages
2. Code on Social Security
3. Code on Industrial Relations
4. Code on Occupational Safety, Health and Working Conditions

The Code on Wages was enacted in August 2019 and is awaiting notification for the effective date. The draft Code on Social Security has been reviewed by the Parliamentary Standing Committee and is subject to recommendations shared by them. We expected this to be enacted shortly as well.

We invite you to join us for a knowledge- sharing session by Deloitte subject matter experts, on gearing up to meet the challenges of adopting the Code on Wages and the Code on Social Security.

Agenda for the webinar:
• Overview of the specified codes
• Analysis of various definitions and understanding their impact
• Areas of focus and possible challenges

Subject matter experts: Nitin Shingala, Saraswathi Kasturirangan, Radhika Viswanathan, Tarun Garg

Elevate your mobility program through data analytics | 8 September

Mobility eco-systems are evolving and have become more and more complex over time. In a post COVID-19 era, what will mobility and the eco-systems we know look like? How organizations use and make the most of their data will underpin how you support your globally mobile workforces and navigate this new normal. We'll discuss:

• Trends in data management, analytics, and insights they might bring to mobility programs.
• Strategies for advancing the use of mobility analytics, including industry practices and market solutions.
• Building the business case for change and the budget to enact it, including factors that can make an effective case.
• How government authorities in Asia Pacific leverage data to make compliance requirements simpler for your mobile employees.

Gain insights on how organizations are leveraging data to elevate their mobility program, and make forward-thinking decisions about deploying global talent.

Post COVID-19 changes and transformations in the operating model: A focus on China and India | 18 August

While the COVID-19 pandemic may have constrained you physically to work from home, this critical moment breaks the brick-n-mortar of your decision-making at functional level. If the digitalization before COVID-19 is the innovation of the leader or the icing on the cake of the conventional business, then the operation digitalization during the pandemic is becoming the inelastic demand for the enterprise to maintain operation. Companies are increasingly engaging across traditional organizational boundaries and faced with business questions such as: What to do to unleash cash flow potential? How to adjust the supply chain? Which new technologies and business models will emerge from this crisis? In the post COVID-19 era, enterprises' non-contact automation, intelligence and digital business operation capabilities not only ensure the smooth and orderly operation of business, but also promote the efficiency and compliance of the back office operation. Thus, change is coming. We'll discuss:

• Tax and regulatory perspective.

• Changes in operating model.

• Practical case studies.

• Cash flow optimization options.

• The way forward.

Find out what could help your organization to respond to the new challenges from digital transformation to digitalization operation and begin to move towards a new “usual”.

India's GST update: Impact, challenges, and what's next | 11 August

It has been three years since the introduction of Goods and Services Tax (GST), India's biggest tax reform, on 1 July 2017. It has been a fascinating ride for the Government, industries and consumers, due to the host of changes and reforms introduced in the past three years. These changes were primarily focused on rationalizing rates, simplifying procedures and curbing tax evasion. Stabilizing one of the world’s biggest online tax systems, i.e., GSTN, was also a key focus area for the Government. A world-class, simplified, and technology-enabled robust GST system is not only critical for a sustainable growth, but also imperative for the ease of doing business. In the next few years, the Government may take steps to further simplify the GST law. These steps can prove to be a harbinger of growth at a time when the entire world is affected by the COVID-19 pandemic. We'll discuss:

• How successful has this historical tax reform been in achieving its desired objectives

• What has worked well for the Government and taxpayers?

• What are the key challenges facing the industry?

Stay ahead on India's GST developments to better prepare your business for the future.
 

Preparing the manufacturing sector for post COVID-19 | 18 June

The manufacturing sector has been adversely affected by COVID-19, and bouncing back is going to have several implications. Re-starting the business after the lockdown, calls for changes and support business revival and growth.
While the Central and State Government’s measures may help the manufacturing units to stand up, corporate leaders need to put in place new business plans on different taxes and improve their prospects in these difficult times.
We invite you to join for an interactive knowledge sharing discussion shared by Deloitte Subject Matter Experts on closely monitoring the COVID-19 impact on the manufacturing industry.
Agenda for the webinar:
• Cash optimisation measures
• Government incentives for manufacturing
• Strategies for business efficiency

AAR ruling on tax avoidance threshold | 10 June

The recent ruling* from Authority for Advance Rulings (AAR) rejects the applicants’ contention of relying on the India Mauritius tax treaty to seek capital gains exemption in case of an indirect transfer. AAR ruled that the transaction was designed prima facie to avoid tax, and concludes that the applicant companies were only a ‘see-through entity’ to avail the benefits of India-Mauritius Double Tax Avoidance Agreement (DTAA). It has also made remarks on the holding structure, management & control aspects, interpretation of Article 13(4), and use of the grandfathering benefits under the treaty.

Join us for a webcast on a general discussion on the implications of the ruling. We will discuss the following topics:

• Analysis of the decision
• Probable pitfalls?
• Insights on Interpretation of the Legal Jurisprudence by relevant external subject matter expert

COVID-19: Global trade impacts and considerations | 2 June

To respond to the threat posed by the COVID-19 pandemic, governments across the globe are developing policies to protect the public and to help businesses deal with its impact. Deloitte Global Trade Advisory (GTA) professionals throughout the world are monitoring developments with respect to trade regulatory measures and its impact to businesses. We'll discuss:

  • Recent trade regulatory developments in Asia Pacific.
  • What trade measures businesses can consider as they seek to recover from the impact of COVID-19.

Stay updated on the latest developments on trade regulatory and its impact on global trade.

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