Event
19 Nov.

2021 Asia Pacific Indirect Tax Virtual Summit Day 4

Connecting a resilient world

Friday, 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 4

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

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Agenda

10.00 a.m. to 11.00 a.m. (save to calendar)

In this session, our speakers will cover Australia’s indirect tax and customs/global trade updates, and other relevant developments, including the following:

  • Current ATO focus areas.
  • Litigation of key GST concepts.
  • Renewed focus on e-commerce business models.
  • Update on adoption and utilisation concepts of multi-lateral Free Trade Agreements (CPTPP and RCEP).

11.15 a.m. to 12.15 p.m. (save to calendar)

The theme of recent GST and customs reform has been to react to the challenge of the growth in e-commerce and global trade. New Zealand has been seeking to expand the scope of the New Zealand GST net, in tandem with many other countries. Most notably, overseas suppliers of certain goods and services are now required to register and return GST depending on the nature of their business and customer bases. This, together with new technologies and classes of transactions, means that the New Zealand GST regime is undergoing a transformative phase that will present challenges and opportunities for many multinationals.

In this session, our speakers will cover topics such as the following:

  • Recent changes on GST and how Inland Revenue has been enforcing these changes.
  • Looking to the horizon – upcoming GST changes and proposed GST changes including digital assets and emerging sectors such as the "gig economy".
  • Where is NZ Customs spending their time and what are they focusing on.
  • Update on customs and trade developments.

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

Global challenges (such as border closures, commodities shortages, energy crisis), mega trends (like pressures of carbon emissions, demographic shifts), and changing customer expectations (more individualisation and customisation, greater transparency, and easier access to multiple options) are forcing companies to rethink the way they design and manage their supply chains and trade operations. It is no longer enough to simply automate processes. Building a Digital Supply Network is key to thriving in today's market environment, and it requires that businesses and digitalisation leaders partner together. Our speakers for this session will share their insights on the current trends in trade digitalisation and the impact on businesses.

*Breakout Sessions 5 & 6 will run concurrently.

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

As GST/VAT complexity increases, tax departments have more to do to manage risk with less resources, and at the same time, support business growth into new product lines, new channels, and new markets. How can businesses improve tax accuracy, manage risk and enable business growth?

In this session, we will take a closer look at how automated tax determination and compliance solutions in SAP can help you tackle changes in GST/VAT tax legislation across Asia Pacific from e-invoicing to e-filing. Our speakers will discuss how tax automation can help your business:

  • Improve accuracy and streamline GST/VAT processes by eliminating manual rates/rules research and ERP updates.
  • Centralise GST/VAT management across multiple ERPs for consistent tax determination and tax reporting across the business.
  • Process complex transactions across global jurisdictions, supporting your business as it expands.

*Breakout Sessions 5 & 6 will run concurrently.

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

In recent years, GST and customs audits in the region have become increasingly more aggressive. In this session, our speakers will discuss the key emerging audit trends and issues across various hotspots in Asia Pacific. Our speakers will also discuss how companies may develop a strategy to manage the audits and risks better.

Any questions?

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

Friday, 19 Nov 2021 10:00 a.m. SST
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