Dbriefs Mobile: Recent Episodes
Deloitte Dbriefs Asia Pacific
In October 2022, Hong Kong is going to release final rules on taxation of foreign-sourced passive income with effect from 1 January 2023. This follows a requirement from the European Union after they announced to add Hong Kong on its watchlist on tax cooperation last year. Despite its territorial system, Hong Kong will deem taxable certain types of income, including interest, dividends, capital gains and royalties when received in Hong Kong if certain requirements could not be met. Gain insights from Deloitte professionals as they address what income may be taxed and what routes remain to keep income “Offshore”, applicability of rules, its exemptions and update on Hong Kong’s approach to minimum tax.
(Live presentation was aired on 24 November 2022)Click the icon below to watch.
In recent years, we have seen a number of countries in the region either adopt or announce an intention to adopt e-invoicing or other electronic reporting requirements. The approaches adopted across the region have not been uniform. Importantly the driving reasons for Governments to adopt such requirements have varied from increasing efficiency and transparency in the invoicing process to enabling tax authorities to have greater access to taxpayer data and information. Whilst these requirements are not yet mandatory in many jurisdictions, based on the recent actions taken by the Governments in the region, it is expected that it will become mandatory within next few years. Tune into our Deloitte professionals as they discuss the trend of the above mentioned in Asia Pacific, E-invoicing requirements, share insights on how businesses can adopt E-invoicing, prepare themselves and adapt to this changing environment.
(Live presentation was aired on 17 November 2022)Click the icon below to watch.
The transition towards renewable sources of energy present unique challenges and opportunities to traditional value chains. This Dbrief is aimed at all sectors which could be impacted by the decarbonization of the economy, from heavy industries right through to consumer services. This transition process is likely to have significant transfer pricing impacts. Stay tuned with our Deloitte professionals as they discuss the role of green finance, emerging green technologies, trade of carbon credits, export of hydrogen and other renewable energy classes. (Live presentation was aired on 8 November 2022)Click the icon below to watch.
This session will focus on recent regulatory updates throughout the Asia Pacific region that are relevant for global mobility and HR functions as they help their organizations navigate recent global economic and geopolitical challenges along with the trailing impacts of the pandemic. Join our Deloitte professional as they discuss the highlights of the latest regulatory updates, its potential challenges and impact and the way forward for the businesses. (Live presentation was aired on 27 October 2022)Click the icon below to watch.
The post-Covid economy is driven by new innovative business models underpinned by a proliferation of technology and innovation. These new business models, which are mostly not people driven, are challenging the global tax fraternity to adapt to new ways of allocating and taxing profits. Revenue authorities are forced to issue new regulations and guidance to keep up. Join our Deloitte IP Advisory as they discuss about the evolving Asia Pacific Intangible landscape, its impact and areas of contention for tax authorities. (Live presentation was aired on 13 October 2022)Click the icon below to watch.
The new BEPS initiatives around Pillar One and Pillar Two will have significant impacts on Asia Pacific. Pillar Two is an issue for any countries in Asia Pacific who offer various tax incentives and investment regimes that can be impacted by the Pillar Two rules. It is likely to cause changes to tax rules and regulations, change the financial benefit of current Asia Pacific business structures and create incremental compliance and reporting obligations. Join our Deloitte professional as they discuss the latest developments of BCEP, Impact of Pillar Two in Asia Pacific and the way forward for the businesses. (Live presentation was aired on 23 August 2022)Click the icon below to watch.
The environment for digital currencies is changing rapidly with tax authorities becoming even more focused on ensuring that these assets are appropriately taxed but can we even agree on what digital currencies are and therefore how they should be taxed? There is no clear consensus and tax authorities are at the moment focused on ensuring that individuals report on gains in their tax returns but what about the broader institutional framework. Stay tuned with our Deloitte professionals as they discuss the key takeaways from the current and proposed tax regimes for taxation of crypto assets. (Live presentation was aired on 16 August 2022)Click the icon below to watch.
The OECD has recently released an Indirect Tax Digital Toolkit for the Asia Pacific which provides comprehensive and detailed guidance for policy design, implementation and operation of a comprehensive indirect tax strategy targeted at digital trade in the region. Tune into our Deloitte professionals as they discuss principles of Indirect tax digital toolkit and its impact in Vietnam, Comparison to the recent and upcoming implementations of indirect tax on digital trade and the way forward for businesses. (Live presentation was aired on 11 August 2022)Click the icon below to watch.
Climate change is a global issue which should be addressed with global solution. The EU Commission unveiled new policy of Carbon Border Adjustment Mechanism (CBAM) to mitigate the risk of "carbon leakage" for certain imported products embedded with high carbon emissions. The essence of CBAM is considered as one of international trade measures which has intensive impact not only on export business but also passing the impact through the entire supply chain. With more details of CBAM being released and the implementation date approaching, companies are suggested to keep close attention and take actions by adopting more sustainable supply chain where necessary. Gain insights from Deloitte professionals as they discuss the impact of CBAM, Insights and suggested steps to take towards green supply chain. (Live presentation was aired on 2 August 2022)Click the icon below to watch.
In China, transfer pricing is currently a key area that is attracting a great attention from tax authorities and customs. Due to the different standing point in the area of taxation and the legal basis of enforcement, a covert conflict between two authorities exists in the review of transfer pricing related matters, which may give rise to management overlapping and double taxation for MNCs from time to time. How to establish and manage transfer pricing, how to secure certainty and alignment between the two fiscal authorities have always been a challenge for MNCs. Recently, Shenzhen Tax Bureau and Shenzhen Customs jointly announced pilot programme regarding the collaborative management of transfer pricing of related-party imports, on the basis of existing Customs advance ruling policy and advanced pricing arrangement (APA) with tax authorities. The cooperation between customs and tax in the field of transfer pricing is a breakthrough in China. To help businesses to obtain a comprehensive understanding of the latest policy and trends, Stay tuned with our Deloitte professionals as they discuss the trends in Transfer Pricing by Chinese authorities, Highlights and implications of the pilot programme and what holds in future for the businesses. (Live presentation was aired on 19 July 2022)Click the icon below to watch.
In an attempt to consolidate and simplify labour regulations in India, the four labour codes, subsuming 29 central legislations, have been approved by the Indian President. While the notification of the effective date is pending, the States and union Territories have issued the draft rules. Join our Deloitte professional as they discuss status of central labour codes, status of various state rules and what changes should we expect . (Live presentation was aired on 14 July 2022)Click the icon below to watch.
In the contemporary global economy, to leverage on talent available within the group companies, employees are frequently seconded by group companies. The issue of levy of indirect tax on such cross border secondment arrangements had settled over the last few years by way of multiple favorable rulings. Thus, in cases where seconded employees were working under the control and supervision of the Indian company and salary was being paid in India after deducting taxes as per the Indian tax laws, largely, the position that was taken that the seconded employees have employer employee relationship with Indian company and no indirect tax was applicable on such transactions. Recently, the Supreme Court of India in the matter of Northern Operating Systems held that one factor is not sufficient to conclude that employer employee relationship exists between the secondee and the Indian company. Multiple factors such as salary payment, nature of task assigned, responsibility for task performed, eligibility to terminate employment, duration of the secondment, overall arrangement between Indian and overseas company have to be considered. Join our Deloitte professional as they discuss key impact and recent ruling of secondment arrangements and the way forward. (Live presentation was aired on 7 July 2022)Click the icon below to watch.
转让定价是中国税务机关和海关共同关注的重点领域，由于两个监管部门履职征税的环节和执法依据等的差异，往往会导致跨国公司在关联方价格审查中面临双重管理及调整补税的状况。跨国公司长久以来一直在探索有效方法，来设定、管理关联交易价格以满足双重合规需求，并在现有制度下从两大监管部门获取确定性。近日，深圳海关和深圳税务局联合发布了《关于实施关联进口货物转让定价协同管理有关事项的通告》。该协同管理是中国海关与税务局在转让定价监管领域的合作首创，依托现行的海关预裁定和企业所得税预约定价安排制度，在海关与税务之间建立了转让定价协同管理机制。 (Live presentation was aired on 30 June 2022)Click the icon below to watch.
Several carve-out deals have recently been announced, indicating that in the current economic context, carve-outs are proving to be an interesting option for big corporations to achieve strategic benefits and to bring value to its shareholders. In the past, companies have considered carve-outs when a part of their business is too weak or troubled to keep, or when they want to monetize it. Today, companies are increasingly seeing value in separating non-strategic business units and building a more focused portfolio. Stay tuned with our Deloitte professionals from Southeast Asia as they discuss the overview of carve-out, market trends, benefits, and how you may need to address the challenges going forward. (Live presentation was aired on 31 May 2022)Click the icon below to watch.
As businesses settle into the post-pandemic era, the focus of businesses and markets will likely be on how to “build back better”. It is important for businesses to respond with agility to a changing landscape, to weather market events with minimal service disruptions, and to work towards long-term sustainability of their business models. Join our Deloitte professionals as they discuss the impact on tax policy and administration, current OECD projects and initiatives, as well as the tax management agenda for 2022-2023. (Live presentation was aired on 30 May 2022)Click the icon below to watch.
As we enter this next phase of the recovery, the future is unfolding. Financial services organizations are operating in a changing world—one they can help define. Financial services firms face in 2022 a pivotal, no-turning-back opportunity to shape their future. Stay tuned with our Deloitte professionals as they discuss key tax developments in Australia for financial services, the Common Reporting Standard (CRS) and third-party data, latest developments in the OECD/ G20 Two Pillar Solution, and Corporate Collective Investment Vehicle. (Live presentation was aired on 26 May 2022)Click the icon below to watch.
The Indian economy is recovering from the COVID-19 impact and is gradually picking up amidst these uncertain times and volatile environment, caused by various disruptions, high inflation, and geo-political tensions. The financial services sector can help define the economy and would need to be its backbone, by playing a pivotal role for strength and stability, while operating in a changing world. With the recent developments in the tax environment, what is the impact to the financial services industry? Gain insights from our Deloitte professionals as they discuss tax developments for financial services, tax policy priorities and tax audit focus. (Live presentation was aired on 17 May 2022)Click the icon below to watch.
Since 2021, facing continuously serious Covid-19 situation, China government has carried out policies to move foreign trade growth steadily. The total value of China's trade in goods imports and exports is 39.1 trillion RMB, which is an increase of 21.4% over 2020, and it is the highest record in history. Join our Deloitte professionals as they discuss the updates in the field of China customs and international trade. (Live presentation was aired on 12 May 2022)Click the icon below to watch.
With the recent Tax Reform and new tax developments in South Korea and Japan, what is the impact to the financial services industry? Listen to our Deloitte professionals as they discuss tax updates in Japan and South Korea, its impact to financial services industry, and the overall tax environment. (Live presentation was aired on 10 May 2022)Click the icon below to watch.
Changes to the tax legislative landscape mean that tax compliance and reporting is becoming more immediate, digitalized, and more data intensive. Ensuring that the business can keep pace with these changing demands means that tax needs more accurate transactional data captured or calculated correctly, first time and businesses are therefore looking at how they can better leverage their ERP system. In many countries it is becoming a legal requirement for organizations to issue documents electronically to their business partners and tax authorities. The 'digital tax authorities' now require to be provided more frequently with invoices, ledgers/registers/books on a (near) real time-basis. Due to the continuously changing digital reporting requirements, it can be a difficult process for tax functions to manage. Within the S/4HANA suite one such module is SAP Document and Reporting Compliance (SAP DRC). What does your organization need to know? Join our Deloitte professionals as they discuss the characteristics, functionality, suitability, and implementation of the SAP Document and Reporting Compliance (SAP DRC) and better prepare your business for the future. (Live presentation was aired on 14 April 2022)Click the icon below to watch.
2021年以来，面对全球新冠肺炎疫情带来的严重冲击，中国政府持续推动外贸平稳增长，中国货物贸易进出口总值39.1万亿元人民币，较2020年增长21.4%，规模再创新高。在本次的直播中，我们将为您分享在中国海关和国际贸易领域中的热点话题。 (Live presentation was aired on 13 April 2022)Click the icon below to watch.
In the most recent year, there are changes in terms of tax administration environment as well as investment environment in China. What is the impact and implications to financial services? Stay updated on the trend of tax administration and uncertainties toward direct investment in China. (Live presentation was aired on 12 April 2022)Click the icon below to watch.
Global mobility has demonstrated exceptional value through helping maintain business continuity in turbulent times and responding to the wider mega trends driven by the future of work. With expanding scope, greater business scrutiny and increased expectation of talent, there is significant transformation occurring to elevate and re-imagine global mobility and the management of global workforces to support the wider business in preparation for post-COVID. Gain insights from Deloitte professionals on the key trends, opportunities and prepare your business for the future. (Live presentation was aired on 7 April 2022)Click the icon below to watch.
Several carve-out deals have recently been announced, indicating that in the current economic context, carve-outs are proving to be an interesting option for big corporations to achieve strategic benefits and to bring value to its shareholders. In the past, companies have considered carve-outs when a part of their business is too weak or troubled to keep, or when they want to monetize it. Today, companies are increasingly seeing value in separating non-strategic business units and building a more focused portfolio. Stay tuned with our Deloitte professionals from China and India as they discuss the overview of carve-out, market trends, benefits, and how you may need to address the challenges going forward. (Live presentation was aired on 31 March 2022)Click the icon below to watch.
《区域全面经济伙伴关系协定》（以下简称"RCEP"）于2022年1月1日实施，标志着当前世界上人口最多、经贸规模最大、最具发展潜力的自由贸易区正式起航。RCEP生效实施后，将促进区域内贸易便利化和营商环境的提升，带动相应服务和投资开放，从而极大提高各签约方的福利水平及其之间的贸易规模。为帮助企业了解并运用RCEP规则实现享惠，我们将从国别实施的角度，为大家分享RCEP在各主要缔约国的开展情况以及各国在RCEP项下的原产地管理制度。 (Live presentation was aired on 30 March 2022)Click the icon below to watch.
In the wake of budget statements in both Hong Kong and Singapore, this session will reflect on the fiscal policy considerations currently driving policy making in both jurisdictions. Both jurisdictions have recently suggested a Domestic Minimum Tax will be introduced to respond to the OECD's BEPS 2.0 initiative. Also, asset management is a strength of both locations and the respective legal and tax frameworks continue to develop. Stay tuned with the Deloitte professionals as they discuss the overview of Hong Kong and Singapore budgets, the potential design of Domestic Minimum Tax rules, developments in the asset management sector, and GST updates. (Live presentation was aired on 29 March 2022)Click the icon below to watch.
Several carve-out deals have recently been announced, indicating that in the current economic context, carve-outs are proving to be an interesting option for big corporations to achieve strategic benefits and to bring value to its shareholders. In the past, companies have considered carve-outs when a part of their business is too weak or troubled to keep, or when they want to monetize it. Today, companies are increasingly seeing value in separating non-strategic business units and building a more focused portfolio. Stay tuned with our Deloitte professionals from Japan, Korea, and Taiwan as they discuss the overview of carve-out, market trends, benefits, and how you may need to address the challenges going forward. (Live presentation was aired on 24 March 2022)Click the icon below to watch.
Several carve-out deals have recently been announced, indicating that in the current economic context, carve-outs are proving to be an interesting option for big corporations to achieve strategic benefits and to bring value to its shareholders. In the past, companies have considered carve-outs when a part of their business is too weak or troubled to keep, or when they want to monetize it. Today, companies are increasingly seeing value in separating non-strategic business units and building a more focused portfolio. Stay tuned with our Deloitte professionals from Australia and New Zealand as they discuss the overview of carve-out, market trends, benefits, and how you may need to address the challenges going forward. (Live presentation was aired on 23 March 2022)Click the icon below to watch.
The Financial Secretary for the Hong Kong Special Administrative Region (HKSAR), Mr. Paul Chan, delivered his sixth annual budget on Wednesday, 23 February 2022. As an international financial center, the HKSAR Government has recently been rolling out a number of initiatives and tax incentives on how the city can address emerging challenges facing the pandemic and promote economic diversification for sustainable development in the future. Join our Deloitte professionals as they discuss the new Hong Kong Budget measures, capital market development, carbon neutrality, tax incentives, and domestic minimum top-up tax. (Live presentation was aired on 17 March 2022)Click the icon below to watch.
The digitization of indirect taxes continues to gain momentum across the region as more countries adopt or expand e-invoicing requirements. On a similar front, we continue to see adoption of rules imposing indirect taxes on the provision of electronic services by foreign service providers. This session will chart the implementation and development of these rules across the Asia Pacific region. (Live presentation was aired on 3 March 2022)Click the icon below to watch.
The 2022 Japan Tax Reform reflects the Japanese government's desire to look beyond the pandemic and towards sustainable economic recovery. Proposals include measures to boost consumer spending, smooth the path towards digital transformation, and to continue the reform of the Japanese Consumption Tax (JCT) system. Join our Deloitte professionals to learn more about the key proposals and how you may need to address the challenges going forward. (Live presentation was aired on 1 March 2022)Click the icon below to watch.
Equity compensation is a constantly expanding landscape and its role is becoming more and more important for companies in pursuit of key talents and ultimately their success. In the context of Asia Pacific, the use of equity compensation is a critical part of remunerations strategy led by mature market such as Australia and Japan, and rising generation of start-up companies such as China and India. Unsurprisingly, this is where most governments around the world continue to increase their attention on corporate governance around equity plans ensuring regulatory and tax compliance remaining high on companies' agendas. Join our Deloitte professionals as they discuss the tax and regulatory development on employer's obligation on equity compensation and tax considerations in designing the equity plan. (Live presentation was aired on 22 February 2022)Click the icon below to watch.
The Malaysian Government has announced a voluntary disclosure and amnesty program covering the majority of indirect taxes that are levied within the country. The program will operate for a period of nine (9) months commencing from 1 January 2022 and concluding on 30 September 2022. There are a range of benefits that accrue to participants in the program including a full waiver of applicable penalties and a partial waiver (up to 30%) of any underpaid taxes. The indirect taxes covered include Sales Tax, Service Tax, the former GST and Customs and Excise Duties. Tune in to our Deloitte professionals as they discuss the key developments and the road ahead. (Live presentation was aired on 15 February 2022)Click the icon below to watch.
The Regional Comprehensive Economic Partnership agreement (RCEP), signed on 15 November 2020, took effect on 1 January 2022 (1 February 2022 in Korea). It is the largest and most significant regional agreement concluded in terms of market size, coverage on trade and investment, and population. Apart from RCEPs, we will also discuss the increase in complexity and risks associated with FTA related origin documentation. Gain insights from our Deloitte professionals as they discuss latest updates on RCEP and the complexity and risks associated with FTA related origin documentation with highlights from Australia, China, Korea, Japan, and South East Asia. (Live presentation was aired on 10 February 2022)Click the icon below to watch.
India Budget 2022 will be presented in the Parliament on 1 February 2022. The Union Budget is expected to put the economy on an accelerated growth path after the impact caused by the pandemic. Amendments in the tax law to bring about sustainable growth, infrastructure investment, focus on R&D spending, nurturing incentives to the core sectors including manufacturing and services, tapping the huge experience of running captive centres are some of the priority items on the agenda of the Government as the preparation gets underway to unveil the budget. Ease of tax compliances, simplification, and digitization are the cornerstones to enhance the ease of doing business in India. With an optimistic outlook towards sustained growth, all eyes are on the announcements. Join our Deloitte professionals as they share a simple and strategic take on the India Budget 2022. (Live presentation was aired on 2 February 2022)Click the icon below to watch.