Reach new heights Asia Pacific Webcast series. Program Guide July September 2015

Transcription

1 Reach new heights Asia Pacific Webcast series Program Guide July September 2015

2 India Spotlight India's Finance Act and Recent Developments: The Road Ahead > 28 July, 2:00 3:00 PM HKT (GMT +8) Host: C.A. Gupta Presenters: Pritin Kumar and Himanshu Patel The proposals of the Indian Finance Act 2015 are now in force and there are significant developments for foreign investors. In addition to the amendments in law by the Finance Act, there have been several other developments on the tax front. What are the amendments in law and recent developments you need to be aware of? We'll discuss: Indirect transfer of shares of an Indian company. Tax rate on royalties and fees for technical services and minimum alternate tax on foreign companies. Secondment of personnel to India. New rules relating to place of effective management. Update on India's proposed general anti-avoidance rule. Other updates and emerging tax controversies. Stay up to date with the latest international tax developments in India. India's New Export Incentive Schemes: A Real Boost for Exporters of Goods and Services > 27 August, 2:00 3:00 PM HKT (GMT +8) Host: Prashant Deshpande Presenters: Monika Arora and Saloni Roy In line with the Government's vision to make India a manufacturing powerhouse over the next decade and to spur foreign investments in the manufacturing sector, the recently announced Foreign Trade Policy (FTP) contains various measures that will promote growth in the domestic manufacturing sector. As a step further to raise the global competitiveness of the Indian manufacturing and service sectors, the new FTP has revamped various export incentives available to the exporters of goods and services. The two new schemes under the FTP, namely Merchandise Export from India Scheme (MEIS) and the Service Exports from India Scheme (SEIS), aim to provide benefits to all exporters doing business in India. We'll discuss: Overview of the "Make in India" initiative of the Government. Background and challenges under the former schemes under which export incentives were given. Key features and advantages of MEIS and SEIS, and how these will benefit the export sector. Understand the new policy initiatives and the nuances of the new schemes. Learn More ICDS has come into effect from 1 April 2015, and will apply accordingly for assessment year onwards. Find out key facts and Q&As on ICDS in India. Visit or contact your Deloitte contact to learn more. 1

3 China Spotlight Bulletin 16: A Significant China Tax Guideline on Outbound Payments to Related Parties > 4 August, 2:00 3:00 PM HKT (GMT +8) Host: Eunice Kuo Presenters: Victor Li, Aaron Wang, and Julie Zhang Most MNCs in China have encountered various challenges on outbound payments to related parties in the past, and outbound payments have been listed as one of the top challenges for MNCs doing business in China. To streamline transfer pricing practices in China and in considerations of the BEPS principles, the State Administration of Taxation (SAT) has published Bulletin 16 on 18 March 2015 as a comprehensive guideline regarding outbound payments. We'll discuss: Background of the release of Bulletin 16. Administrative processes in making an outbound payment from a tax clearance standpoint. Specific tests and principles in determining the tax deduction entitlement of the service / royalty fees. Practices and cases we have seen since the issuance of Bulletin 16. Consistency between Bulletin 16 and the BEPS Project? Our observations and recommendations. Gain insights on the context of China's focus on tax compliance and protecting its tax base, and how to formulate an effective tax controversy strategy in cases of disputes. Indirect Tax VAT and GST Refunds: Is Your Business Taking Maximum Credit? > 6 August, 5:00 6:00 PM HKT (GMT +8) Host: Robert Tsang Presenters: Olivier Hody, Stephen Tobias, and Turmanto VAT, GST, and other indirect taxes are at least a cash flow cost to businesses. With refund mechanisms being available to businesses in Asia Pacific, companies will need to find out if their business is taking maximum credit. Are you doing what you need to help your business recover VAT, GST, or similar taxes in each country in which you operate? How are you ensuring that employee expense reporting and reimbursement systems maximize the potential for recovery of indirect tax? Are you getting the required invoices and other documentation to support your claims to input tax on costs flowing through accounts payable? Most businesses in the region also incur significant overseas VAT or GST are you allowed to recover this tax and what are the protocols and procedures for recovering these transaction taxes? We will examine this issue with a focus on Australia and Indonesia. We'll discuss: Refund mechanisms, for registered taxpayers and separately for non-resident businesses. Good practices in dealing with VAT / GST incurred outside of the "home" country, drawing on the long-established European Union VAT refund mechanisms. Understand more on the VAT and GST landscape and find out how your business can manage indirect taxes more effectively. How do the New GST Rules Compare: India, Malaysia, and the OECD International VAT Guidelines? Chalk and Cheese? > 22 September, 5:00 6:00 PM HKT (GMT +8) Host: Robert Tsang Presenters: Odile Courjon, Kah Seong Fan, and M.S. Mani In Asia Pacific, there are many new indirect tax systems being introduced. The Malaysian GST went live on 1 April 2015, and India moves forward with a dual GST that may be in force as early as What are the latest developments in the two countries? We'll discuss: How do these new rules compare to the framework being developed by the OECD for International VAT / GST Guidelines? Are exports and imports taxed in a similar way in India and Malaysia? Do the OECD Guidelines allow businesses to create a framework where there is no double taxation (or worse) for GST in either country? Are non-resident suppliers of goods or services really subject to GST obligations in India and Malaysia and what about the corporate income tax implications of a GST registration? Stay current and find out how this may affect the way your business handles cross-border transactions and in-country transactions in both goods and services. For program information, visit 2

4 Industries Financial Services FATCA and CRS in Asia Pacific: Developments and Next Steps > 13 August, 2:00 3:00 PM HKT (GMT +8) Host: Jim Calvin Presenters: Candy Chan, Sean McGrady, and Alison Noble The automatic exchange of information is rapidly becoming the global standard. Many countries have committed to implementing the OECD's Common Reporting Standard (CRS) beginning in 2017 and with others following in At the same time, the U.S. Foreign Account Tax Compliance Act (FATCA) continues to pose challenges. CRS builds upon FATCA, and is intended to provide a global standard for the automatic exchange of financial account information between governments, but there are differences between FATCA and CRS and between jurisdictions. We'll discuss: An update on Intergovernmental Agreements and FATCA guidance. An overview of the current position of jurisdictions in Asia Pacific for CRS, highlighting differences between jurisdictions. The main differences between CRS and FATCA, including concessions. How these differences can affect CRS implementation and current FATCA activity. The road forward. Learn about the current status of these global standards in Asia Pacific and how you should prepare going forward. Industries Energy & Resources The Taxation of Service Providers in Timor-Leste and the Joint Petroleum Development Area (JPDA) > 1 September, 2:00 3:00 PM HKT (GMT +8) Host: Francis Thomas Presenters: Catherine Pollard and Nilesh Sewpal Investment opportunities abound in Southeast Asia's youngest country, Timor-Leste, and in the Timor Sea. What do you need to know when investing in this market? We'll discuss: Tax incentives available to new investors in Timor-Leste. The taxation of service providers in the non-petroleum sector. The taxation of service providers in the petroleum sector in Timor-Leste and in the JPDA. Transfer pricing. Don't get left behind: find out what you need to know when investing in Timor-Leste. International Tax Base Erosion and Profit Shifting (BEPS): Likely Impact on Common Business Models in Asia Pacific > 18 August, 2:00 3:00 PM HKT (GMT +8) Host: Steve Towers Presenters: Leonard Khaw, Ben Pickford, and Alan Shapiro Business models need to be re-assessed in the light of the BEPS Project. In this webcast, we will review a number of common business models in Asia Pacific, and identify the likely impact of the BEPS Project. We will also canvass a number of potential responses. In particular, we'll discuss: "Supply chain" structure involving the manufacture and sale of goods, with a Singapore principal. Procurement structure. Digital supplies. Contractual allocation of risk. Payments of royalties to the legal owner of intangibles. Holding company structure. Group finance company. Fund management. Identify the potential impact of the BEPS Project on common business models in Asia Pacific. Inbound Investment into Taiwan: Keeping up with The Changes > 8 September, 2:00 3:00 PM HKT (GMT +8) Host: Jun Takahara Presenters: Arthur Chen and Cheli Liaw For years, Taiwan has remained as a key location for contract manufacturing and R&D because it has a large talent pool and friendly investment environment. However, what opportunities and challenges should foreign investors consider when entering this vibrant market? We'll discuss: Business and regulatory environment for inbound investment. Foreign investment update. Proposed tax regulation update. Recent tax audit cases. Gain a clearer understanding of the inbound investment climate in Taiwan and consider ways for your company to make tax-efficient moves there. Inbound Investment into Indonesia: A Primer > 30 September, 2:00 3:00 PM HKT (GMT +8) Host: Daniel Ho Presenters: John Lauwrenz, Carlo Navarro, and Cindy Sukiman In recent years, Indonesia's economic potential has attracted significant amounts of foreign investment. However, a recent tax complexity survey conducted by Deloitte revealed that most tax executives felt the tax regime of the country has grown more complex in the last three years. What do you need to be aware of and how can you effectively manage potential tax exposures when pursuing investments into Southeast Asia's largest economy? We'll discuss: Recent and proposed changes affecting inbound investments into Indonesia, with a focus on areas such as tax facilities, tax holidays, revenue collection efforts, proposed reduction of corporate tax rate, etc. Recent changes to the transfer pricing regulations. Increased focus on tax audits as a revenue collection measure challenges and cases. Discover the latest inbound investment climate in Indonesia and how it affects your investment strategies into Indonesia. 3

5 Transfer Pricing Transfer Pricing Developments in India: Range, Multiple Year Data, Advance Pricing Agreements, and Audits > 10 September, 2:00 3:00 PM HKT (GMT +8) Host: Anis Chakravarty Presenters: Manisha Gupta and Sanjay Kumar Recent transfer pricing developments in India include proposals from the Government to reduce the extent of audits and litigation. The range and multiple year data concept will soon be incorporated into law. Furthermore, some high profile judgments are ensuring that the path to transfer pricing certainty slowly becomes clear in India. What does this mean for your Indian operations? We'll discuss: Impact of the range and multiple year data concept on intercompany transactions. Latest happenings in audit and tax scrutiny. Status of the Advance Pricing Agreements (APA) program. Review practical implications of key rulings and understand how they affect transactions. Find out how companies impacted by Indian transfer pricing can navigate the regime with these updates. International Assignments Business Travelers Go Global: Managing the Risks > 15 September, 2:00 3:00 PM HKT (GMT +8) Host: Don Riegger Presenters: Russell Bird, Daniel Walker, and Hong Ye For many businesses, the short term business traveler is an essential resource. However, encouraging employees to travel across international borders fulfilling immediate business staffing needs or meeting with overseas colleagues or clients inevitably presents tax compliance risks. Employees working in multiple locations are often senior executives whose cross-border travel is rarely covered by an international assignment policy. They typically do not cease home location tax residence yet can still trigger tax obligations and liabilities in other jurisdictions, both for themselves as employees, and for their employer. In this session, we will explore these risks from an individual tax compliance perspective together with the employer tax costs and permanent establishment (PE) issues. We'll discuss: Who are short term business travelers and what are the key issues which companies struggle with to manage business traveler risk? What are the factors driving companies to take action? What data sources can help companies in managing this population and the associated risk? Case studies of business travelers moving around Asia Pacific creating PE / corporate tax risks, individual and employer tax obligations, and immigration issues. Discover the risks and possible solutions to ensure employees and employers comply with global tax obligations. For program information, visit 4

6 Chinese Language Webcasts > 8 月 12 日上午 11 时 下午 12 时香港 / 北京时間 (GMT +8) 主持人 : 朱桉主讲人 : 朱桉及高亮 随着俄罗斯对亚洲投资者的欢迎, 中俄投资开启了发展的新纪元 俄国与亚美尼亚, 白俄罗斯与哈萨克斯坦之间的新欧亚经济联盟为企业并购提供了新的机遇, 同时也需要提出投资策略 我们将讨论 : 俄罗斯及欧亚经济联盟的机遇概览, 包括最热投资行业以及潜在风险和解决方案 中国一带一路战略视角, 其在俄罗斯和亚欧联盟的应用以及如何适用于中国企业 俄罗斯新法案和激励措施, 新税收措施, 当地货币问题及政策 近距离观察当地投资环境, 包括潜在投资风险以及涉及税收, 会计, 产权的重要企业并购考量 进入俄罗斯及亚欧经济联盟过程中的十大错误 请参与此网络讲座, 了解更多亚洲投资者投资俄罗斯和新欧亚经济联盟的活动及重点 Gain insights Japanese Language Webcasts > 7 月 16 日 12:00 1:00 PM 日本時間 (GMT +9) 司会進行 : 西村美智子講師 : 飯塚信吾 小柴正光 2015 年 7 月 1 日より適用される 国外転出をする場合の譲渡所得等の特例 および 贈与等により非居住者に資産が移転した場合の譲渡所得等の特例 いわゆる 出国税 は 富裕層が国外に移住することに着目した新たな税制であり 一部の個人にのみ関係のある制度と理解されることが多いと思われます 一方で 出国税の導入により 企業が国外に駐在員を派遣する場合 または 国外より駐在員を受け入れる場合に新たに考慮しなければならないことが出てきています 今回は 出国税について駐在員の相続問題も交えて 企業の観点から留意すべき点について解説いたします 出国税の概要 導入の背景 / 対象者 / 対象資産 / 納税猶予 / 課税取消し / 税額の計算等 企業が留意すべき事例 駐在員を派遣する場合 対象者 / 納税猶予と課税取消しの比較 / 納税管理人 / 担保提供等 駐在員を受け入れる場合 対象者 (VISAによる違い 10 年内 5 年超 )/ 対象資産 ( 国外にある資産の扱い ) 等 トピックは変更になる可能性がありますので予めご了承ください Stay informed 中国企业全球化 德勤伴您同行国际税收与投资指南及经商须知 : 一带一路篇德勤积极支持和配合国家 推动共建丝绸之路经济带和 21 世纪海上丝绸之路的愿景与行动, 现已推出 一带一路 沿线主要国家及相关国家的中文版 经商须知, 助力中国企业知己知彼, 准确及时地获取一带一路沿线及周边主要经商国家或地区的税收和其他经商信息, 伴您顺利走上新世纪的丝绸之路 请扫描二维码登陆德勤网站板块主页, 下载各国 经商须知 若有更多垂询, 欢迎联系网页上所列德勤中国税务专业人士 税理士法人トーマツでは 出国税に係るニュースレターや書籍を発行しています 国外転出 海外居住者への相続贈与時の課税 ( 出国税 )Japan Tax Newsletter: 2015 年 6 月 1 日号 詳細はこちら : 出国税 のしくみと手続き Q&A 2015 年 4 月出版 / 中央経済社詳細はこちら : 5

7 Our Presenters Australia Alison Noble, Catherine Pollard, Nilesh Sewpal, Francis Thomas, Stephen Tobias Belgium Olivier Hody China Candy Chan, Leonard Khaw, Eunice Kuo, Victor Li, Aaron Wang, Hong Ye, Julie Zhang France Odile Courjon India Monika Arora, Anis Chakravarty, Prashant Deshpande, C.A. Gupta, Manisha Gupta, Pritin Kumar, Sanjay Kumar, M.S. Mani, Himanshu Patel, Saloni Roy Indonesia John Lauwrenz, Carlo Navarro, Cindy Sukiman, Turmanto Japan Russell Bird, Alan Shapiro, Jun Takahara Malaysia Kah Seong Fan Singapore Jim Calvin, Daniel Ho, Sean McGrady, Ben Pickford, Don Riegger, Steve Towers, Robert Tsang, Daniel Walker Taiwan Arthur Chen, Cheli Liaw 普通話网絡講座 Chinese Language Webcasts 朱桉 (Andrew Zhu), 高亮 (Alexander Krylov) Japanese Language Webcasts 西村美智子 (Michiko Nishimura), 飯塚信吾 (Shingo Iizuka), 小柴正光 (Masamitsu Koshiba) For program information, visit 6

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