OECD / G20 Base Erosion and Profit Shifting Project Workshop

Why it matters to you

23 November and 14 December 2015 | 8:30 a.m. - 1:30 p.m. | Deloitte, Menara LGB, Kuala Lumpur

What exactly is base erosion and profit shifting (BEPS)? Does BEPS really matter to Malaysian corporates? BEPS simply means a strategy used by MNCs to achieve global tax efficiencies by taking advantage of the differences in taxation systems and treatment of income / expenses in different jurisdictions. Whilst international tax planning is not illegal, the tax authorities around the globe are certainly not prepared to lose their fair share of tax collection. In 2012, the G20 commissioned the OECD to look into this matter.

Whilst Malaysia is neither a member of OECD nor G20, the Malaysian authorities are following the BEPS developments closely and indeed, have participated in the Regional Network meetings on BEPS project. Malaysia is an official “observer” at the BEPS project. A first round of meetings was organized on 12-13 February 2015 in Seoul in which 61 countries and jurisdictions participated, including Malaysia.

On 5 October 2015, the OECD Secretariat published 13 final reports and an explanatory statement outlining consensus actions under the BEPS project. As expected, the G20 finance ministers endorsed the final package of measures for a comprehensive, coherent and coordinated reform of the international tax rules during a meeting on 8 October, in Lima, Peru.

Time and tide wait for no man. If you have not considered BEPS aspects for your outbound investment, it is time to do so. We expect that the present Malaysian tax treaties and probably, domestic tax law to be revisited in the near future in light of BEPS development. In addition, Malaysian corporates investing overseas will be impacted by BEPS changes in countries in which they invest, irrespective of measures adopted by Malaysia.

OECD / G20 Base Erosion and Profit Shifting Project

Workshop schedule

Time Agenda
8:30 a.m. - 9:00 a.m. Registration and refreshment
9:00 a.m. - 11:00 a.m. Workshop session
11:00 a.m. - 11:15 a.m. Coffee break
11:15 a.m. - 1:15 p.m. Workshop session
1:15 p.m. Tax clinic session

Contact persons

For registration and other details regarding this workshop, please contact:

Tan Chia Woon
+60 3 7610 8791

Eunice Hoo Ei Phui
+60 3 7610 8169

Yap Wei Yee
+60 3 7610 8421

*Limited seats are available on a first come first served basis.