2021 Asia Pacific Indirect Tax Virtual Summit Day 2
Connecting a resilient world
Wednesday, 10:00 a.m. SST
This year, as the region reopens and rebuilds following the impacts of COVID-19, our speakers will discuss the key changes to indirect tax rules, customs and trade measures from a geographic perspective.
We will also explore developments in technology and automation, and how these can help businesses to improve the efficiency and accuracy of their indirect tax and trade advisory functions.
It started as a trade dispute between the United States and China in late 2017/early 2018, which made many companies consider supply chain adjustments. In late 2019/early 2020, the COVID-19 pandemic forced companies to adjust their supply chains and governments to be more focused on critical supply chain resilience, big data, and a new era of digital supply chains.
As we continue to navigate through 2021 and move forward, join our speakers as we discuss the challenges on the road to recovery ahead, the opportunities presented especially in digital trade, and what this means to customs, supply chain and trade professionals.
This session will bring to you recent trending topics on digital services and e-invoicing in the indirect tax space.
The spotlight will be on multiple facets of the e-invoicing journey across various jurisdictions in the Asia Pacific region, where our speakers will dive deep into related statistics, rule sets defining e-invoicing implementation, as well as visibility on Deloitte’s role and footprint with e-invoicing implementation across these countries.
Our speakers will then cover a hot topic in recent years, the taxation of software, where we will take you through a journey over developments in interpretation and taxability of software procurements. The discussion will cover challenges and ambiguities faced over the years, across jurisdictions, and the current perspective of the industry.
Lastly, our speakers will present a case study detailing various facets such as taxability of electronically supplied services (ESS), free of cost supply of services between related parties, intermediary etc., and interplay of tax positions on such aspects, between jurisdictions in the Asia Pacific region; while also discussing ESS aspects from a China and Thailand perspective, with specific focus on taxability on the basis of ‘Use & Enjoyment’ test.
Export controls regulate the export and supply of military and dual-use goods and technology. The requirements that export controls place on businesses are often not known or clearly understood, and the ramifications of breaching the rules can be significant in terms of penalties and the potential impact on a nation's national security. Join our speakers and gain insights into the China, Australia, Southeast Asia, and US extra-territorial export controls rules, requirements, and best practices.
In light of the Singapore GST changes to low-value goods (LVG) and remote services (i.e., digital and non-digital services) under the Overseas Vendor Registration (OVR) regime, which will take effect from 1 January 2023, there may be significant impact to your organisation if you supply or intend to supply LVG to Singapore and/or remote services to non-GST registered recipients in Singapore. This session will take you through the changes under the OVR regime for LVG and remote services, as well as the impact of these changes.