Event
27 Nov.

2020 Asia Pacific Indirect Tax Virtual Summit - Day 3

Embracing a new reality with confidence

Friday, 11:00 a.m.  SST
Event language: English

This year, against the backdrop of COVID-19, our speakers will discuss the changes to indirect tax rules, customs and trade measures from a geographic perspective, and what these changes mean for different industries.

We will also explore how governments utilise technology as an efficient and effective solution to manage tax revenue and budget requirements. This should prompt businesses to start prioritising the digitisation of their indirect tax and trade advisory functions.

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Plenary Session II

As a result of the fiscal stimulus measures introduced by governments across the world, budget deficits continue to increase. One way governments will look to reduce these deficits is to increase tax revenues through the stricter enforcement of existing taxes. Meaning many governments will look to technology as a safe and effective solution. Indirect taxes are likely to be a low-hanging fruit as they are the simplest taxes to calculate and collect for authorities. Prior to the pandemic, many authorities were focused on improving compliance and increasing revenue through technology. Now, it is likely that COVID-19 will act as a catalyst for these changes.

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27 November 2020 | 11.00 a.m.
 

Speakers:

  • Richard Mackender, Asia Pacific Indirect Tax Leader, Deloitte
  • David Ware, National Global Trade Advisory Leader, Deloitte
  • Haryati Hamzah, International Tax Director, Deloitte
  • Prakash Kumar, Indirect Tax Advisor, Deloitte

27 November 2020 | 1.00 p.m.
 

The following list of industries are being offered:

  • Consumer

With the virus still a threat and a number of economies entering a second phase of lockdown, while others emerge into a very different world, the disruption to supply chains continues to be unprecedented. In addition to responding to and managing supply chain disruptions, companies also have to deal with changes in consumer behaviour, new routes to market and trade measure being adopted by different countries.

How do consumer businesses respond to these threats, and how do these threats impact indirect taxes and trade measures? In this session presenters specialising in indirect taxes and trade will share their observations, comments and considerations.
 

  • Life Sciences & Health Care

As the world looks to healthcare providers to provide answers to the question “what does the future of healthcare look like in a post COVID-19 world”. The industry also faces pressure from technology focused companies looking to disrupt their market. Join our experts as they discuss what this future looks like and how this impacts indirect taxes.
 

  • Technology, Media & Telecommunication

Businesses in this industry seem to have not only managed to go through 2020 unaffected by COVID-19 but are producing trend-defying growth. As we continue to figure out what the “new normal” is these businesses may continue to play key roles in shaping that future. Whether it is the need for video conferencing facilities or the need for dependable telecommunications infrastructure that keeps business and communities connected, perhaps the industry’s boom is just beginning. That being said, for the indirect tax functions of these businesses, the jurisdictional changes in legislation make the industry as complicated as ever. In this session, the presenters will provide an update on the tax landscape, including the digital services tax space where in the last 12 months we have seen new pieces of legislation introduced in both Singapore and Malaysia, and as recently as June the Thai Cabinet considered rules that, if passed, would impose tax on digital services in Thailand. The presenters will also give insight as to how indirect tax functions should prepare for these changes.

27 November 2020 | 2.30 p.m.
 

Speaker:

  • Adrian Ole, Asia Pacific Consulting and Human Capital Partner, Deloitte

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Friday, 27 Nov 2020 11:00 a.m. SST
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