Event
18 Nov.

2021 Asia Pacific Indirect Tax Virtual Summit Day 3

Connecting a resilient world

Thursday, 10:00 a.m.  SST
Event language: English

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.

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Day 3

All timings shown are in (GMT+8) Singapore/Beijing/Hong Kong/Perth time zone.

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Agenda

10.00 a.m. to 12.00 p.m. (save to calendar)

In this session, our speakers from Singapore, Malaysia, Indonesia, Philippines, Thailand, and Vietnam will cover the latest indirect tax and customs developments in each jurisdiction.

Highlights

  • Singapore: Zero-rating of media sales; COVID-19 GST changes.
  • Malaysia: Customs Special Voluntary Disclosure Program; Imposition of sales tax on low-value goods.
  • Philippines: VAT on digital services; COVID-19 related measures.
  • Indonesia: RUU HPP (changes related to VAT law); Voluntary Declaration and Payment.
  • Thailand: Implementation of e-services; Customs developments due to COVID-19.
  • Vietnam: Taxing mechanism for cross-border e-commerce and digital transactions; Post-clearance customs audit trend.

12.15 p.m. to 1.15 p.m. (save to calendar)

In this session, our speakers will cover Japan’s indirect tax and customs/global trade updates including the introduction of Qualified Invoice System for the Japanese Consumption Tax effective from 1 October 2023.

Our speakers will also take you through various updates including HS classification, customs duty rates, free trade agreements, cross border e-commerce and relevant import regulations, customs audit activities, and electronic record retention for customs.

1.30 p.m. to 2.30 p.m. (save to calendar)

In this session, our speakers will cover Korea’s indirect tax and customs/global trade updates including changes to e-commerce VAT rules and customs audit trends during the COVID-19 pandemic.

Our speakers will discuss VAT reliefs granted to businesses impacted by COVID-19 and revision of rules related to the issuance of an amended import VAT invoice. Our speakers will also introduce customs-to-business partnership programs such as ACVA and AEO, and provide an update on the Free Trade Agreement verification process. 

2.45 p.m. to 3.45 p.m. (save to calendar)

In this session, our speakers will cover the changes and developments to China’s indirect tax and customs over the past year, such as the implementation of electronic VAT invoices.

Our speakers will share the latest developments on indirect tax and customs rules and regulations, as well as new trends in the administration practices of the Chinese tax and customs authorities.

4.00 p.m. to 5.00 p.m. (save to calendar)

In this session, our speakers will cover various updates on indirect tax and customs/global trade developments in India, including the following:

  • Key GST and customs updates covering both legislative and procedural changes.
  • Key clarifications and amendments under GST and customs especially on incentives for exports and the scope of ‘intermediary’.
  • GST issues and developments around e-commerce operators.
  • GST-Way Forward and issues for consideration: data analytics and use of technology, GST audits etc.

Our speakers will also discuss developments on Free Trade Agreements and Customs Administration of Rules of Origin under Trade Agreements Rules (CAROTAR, 2020) related aspects, in-bond manufacturing scheme of customs, implementation of HSN 2022, and updates on various export incentive schemes such as RoDTEP, SEIS, MEIS etc.

Any questions?

If you have any questions, please contact Noelle Chua at nochua@deloitte.com.

Thursday, 18 Nov 2021 10:00 a.m. SST
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