Deloitte International Tax Symposium puts the spotlight on the impact of anti-BEPS measures on businesses

KUALA LUMPUR, 20 April 2018 — Deloitte Malaysia will be hosting its inaugural International Tax Symposium at the One World Hotel, Petaling Jaya on Thursday, 3 May 2018. Themed ‘Navigating the new landscape confidently’, the one-day event will bring together Deloitte as well as external tax experts to deliver a comprehensive overview on the anti-Base Erosion and Profit Shifting (BEPS) measures introduced by the Organisation for Economic Co-operation and Development (OECD).

In accordance with the recent signing of the Multilateral Convention in Paris to implement tax treaty-related measures preventing BEPS, the intensive symposium is designed to provide chief financial officers and in-house tax specialists with an understanding on the impact of the anti-BEPS measures and multilateral instrument (MLI) on their groups’ operations, financing and holding structures as well as the transfer pricing position. The event will also feature one-on-one clinic consultation sessions on a wide and comprehensive range of taxation areas, offering delegates the opportunity to obtain strategic advice from Deloitte tax experts on a specific issue or industry.

“International tax reform is gathering momentum globally and the amount of information that business leaders must digest in order to fully understand the impact on their organisations can be overwhelming. As leaders in the field of tax, we see a need for a one-stop platform where CFOs and tax specialists can keep themselves informed and updated to manage the changes that may have massive implications on their business operations,” said Sim Kwang Gek, Mergers & Acquisitions Tax Leader of Deloitte Malaysia. “Hence, Deloitte is proud to present this symposium featuring an esteemed line-up of speakers to share our insights and tax knowledge with the business community. In fact, plans are already under way to have similar events in other major cities across the country so that business leaders outside the Klang Valley can benefit from the programme too.”

Some of the highlights of this symposium include key anti-BEPS measures and transfer pricing issues, the MLI and its impact, the importance of differentiating royalty and service fee, steps in managing transfer pricing and dispute resolution in the post-BEPS era, preparations for Earning Stripping Rules, steps to manage PE risk and understanding anti-treaty shopping rules and other trending issues.

“The discussions on the agenda are especially important for corporate taxpayers with inbound and outbound investments. The MLI is a major step in the anti-BEPS implementation process. The signing of the MLI signifies Malaysia’s commitment to implement anti-BEPS action plans and reflects its serious intent to adopt international standards and combat international tax avoidance. It is crucial for Corporate Malaysia to understand the different positions adopted by the treaty countries to determine how the MLI affects a particular double taxation agreement,” said Tan Hooi Beng, International Tax Leader of Deloitte Malaysia. 

Distinguished guest speakers at the symposium include Kok Choy Har, Director of Field Audit On Services Sector Unit, Multinational Tax Branch, Inland Revenue Board of Malaysia; Nooriah Mohd Mainuri, Deputy Director of Regulation & Treaty International Tax Department, Inland Revenue Board of Malaysia; Nazariah Abdul Karim, Deputy Director of Business and Tax Development Unit, Labuan Financial Services Authority; Wong Yoke Lin, Head of Tax, PureCircle Group; and, K. Sandra Segaran, General Manager (Group Tax), Petronas.

More information on the Deloitte International Tax Symposium is available at www2.deloitte.com/my/dits2018.

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