Following Budget 2024 announcements on revision of the fund tax incentive schemes for funds managed by Singapore-based fund managers, detail of the anticipated revision is finally announced in Circular No. FDD Cir 10/2024 (“Circular”) published by the Monetary Authority of Singapore (“MAS”) on 1 October 2024. This Circular contains important updates to the fund tax incentive schemes in Singapore, including extension of the tax incentive to limited partnerships registered under the Limited Partnership Act 2008. During this Dbriefs webcast, we discussed the main changes to the existing fund tax incentive schemes, and how Singapore-based funds could prepare themselves to meet the revised tax incentive requirements. We also covered Revised economic criteria for 13U, 13O (including 13OA) and 13D incentives, the “closed-end fund” treatment and how it works and simplification of economic criteria for master-feeder-SPV structure under the 13U incentive. (Live Presentation was aired on 11 November 2024)

Operating share-based compensation globally can be extremely complex. One element of this that often stands alone is the implications of corporate tax deductions in relation to these payments and how corporations manage this on a global basis. Join this Dbriefs webcast to understand more around this complex area with a particular focus on what Companies operating in the Asia Pacific region should be aware of with regards to managing the practicalities of these corporate tax deductions. This webcast also focused on companies' recharge for share based compensation, operational complexities around recharges. (Live Presentation was aired on 24 October 2024)

With 75+ countries and jurisdictions gearing up for e-invoicing mandates, it’s imperative to stay ahead of the changes and prepare your organisation for the upcoming shifts. Join Deloitte and Pagero for the next edition of the e-invoicing compliance for APAC webinar series, focusing on recent developments and best practices. During this webcast, we also covered latest APAC regulatory updates, Malaysia e-invoicing mandate, and how to How to prepare your organization & manage an e-invoicing project. (Live Presentation was aired on 16 October 2024)

In a recent case covered by various media outlets, a major Indian MNC is in receipt of a notice for demand of INR 32,403 Cr as alleged non-payment of GST in relation to import of services by the HO from branch. This model is prevalent in the service sector set up and a substantial portion of service sector business is in relation to cross-border transactions. There have been plethora of judgements in the service tax era in relation to service-based industries. We would like to discuss the business models and tax implications in respect of HO-BO arrangements for our clients. In this Dbriefs AP webcast, we covered overview of various HO-BO business models, tax issues in respect of HO-BO arrangements, judicial precedence in such cases and other related issues. (Live Presentation was aired on 25 September 2024)

With the US election approaching, our presenters will compare the tax policy platforms of Democrats and Republicans and examine what kinds of tax legislative changes may be possible in a divided government this year, as well as looking ahead to tax policy decisions lawmakers will face in 2025. With future tax policy decisions and the political landscape so uncertain, how may the election outcomes affect your organisation? In this Dbriefs AP webcast, we covered Political dynamics of the 118th (current) Congress, Pillar Two: political dynamics of US implementation, Key tax proposal in the President’s FY2025 budget and other related issues. (Live Presentation was aired on 5 September 2024)

The Australian federal and state governments are targeting construction of 1.2 million new homes over 5 years, with proposed and existing tax concessions for investors in new build to rent projects. In this regard, this Dbriefs AP webcast will provide an overview of the Australian residential sector, tax incentives for build to rent developments, and an update on recent state and federal tax changes impacting investment in real estate. (Live Presentation was aired on 29 August 2024)

Australia’s new thin capitalization rules are effective for income years commencing on or after 1 July 2023 and have the potential to significantly impact interest deductibility for real estate investments. Understanding the changes, modelling the impacts, and implementing appropriate restructuring options is crucial to supporting interest deductibility. This Dbriefs AP webcast covers an overview on the new thin capitalization rules, and comparison with the previous rules, Third party debt test, Examples of common issues for inbound real estate investments and new debt deduction creation rules. (Live Presentation was aired on 1 August 2024)

香港立法会刚于2024年6月26日通过专利盒税务优惠条例草案。新实施的专利盒税务优惠是香港政府为促进香港的研究和开发活动，以及知识产权的创建而提出的重大举措。在此税务优惠下，从专利权获得的具资格收入，包括产品或服务销售价格中嵌入的有关专利收入，可以享受5%的税率优惠，大幅低于标准利得税率16.5%。专利盒以及研发费用加计扣除等税务优惠预计将为企业投资研发和创建更多知识产权提供强大的动力。值得注意的是，如能善加利用，专利盒税务优惠有可能适用于较为广泛的行业，而非局限于少数传统观念中的高科技行业。这意味着不同行业的企业都有可能从此项税务优惠中有所受益。 德勤诚挚邀请您参加我们的“善用香港新专利盒税务优惠“的线上研讨会，届时我们的演讲嘉宾会提供关于新专利盒税务优惠的介绍，并分享如何充分利用此优惠的实用技巧和策略。 (Live Presentation was aired on 30 July 2024)

The Bill on the patent box tax concession was passed by the Legislative Council on 26 June 2024. This newly implemented tax concession is a significant initiative introduced by the Hong Kong government to foster research and development (R&D) activities and the creation of intellectual property (IP) in the city. Under this concession, qualifying income from an IP (e.g., patent), including embedded income in sales price of product or service, can enjoy a preferential tax rate of 5%. This is a substantial reduction from the standard corporate tax rate of 16.5%. Together with the enhanced deduction of qualifying R&D expenditures, it aims at incentivizing businesses to invest in R&D, create IPs and generate economic benefits from them in Hong Kong. In this Dbriefs AP webcast, we covered an overview of new patent box tax concession, potential application of patent box tax concession, practical tips and strategies on how to leverage this concession to explore opportunities and enjoy potential benefits. (Live Presentation was aired on 24 July 2024)

With 75+ countries and jurisdictions gearing up for e-invoicing mandates, it’s imperative to stay ahead of the changes and prepare your organisation for the upcoming shifts. In this Dbriefs webcast in collaboration with Pagero we delved into e-invoicing compliance around the world, with a special focus on developments in the Asia-Pacific region. Also, experts provided Overview of e-invoicing – how it works and key benefits.