Dbriefs Mobile

The tax environment is changing rapidly with tax authorities once again becoming more focused on tax disputes post all the government relief provided because of Covid-19. Join us in part 1 of our 3 part Tax Controversy series, we review some of the key tax cases in the region from 2020 dealing with general anti avoidance (GAAR) and how the tax authorities utilize GAAR in tax disputes.(Live presentation was aired on 16 March 2021)

With what we have gone through in 2020, how would the available tax and immigration policies and incentives in China as well as other Asia Pacific region shape or impact on the talent movements? For example, tax incentive policy in China (Guangdong-Hong Kong-Macao Greater Bay Area (GBA), Hainan, and Shanghai Lingang), the three-year transitional treatment of the non-taxable benefit in kind policy for foreigners working in China would come to an end in 2021, and the trends on immigration policy. What can we look ahead from the global mobility perspective? Gain insights from Deloitte professionals on the key trends and the impact on talent mobility in Asia Pacific.(Live presentation was aired on 11 March 2020)

As an important measure of a higher-level opening-up and construction of a more internationalized and modernized country, China has recently promoted incentive policies of different levels in various locations, either on the basis of a cluster of cities (e.g., the Greater Bay Area, "GBA") or free trade zones/port (e.g., Hainan, Shanghai, and Beijing). These regional incentive policies provide a new opportunity of growth for enterprises and qualified individuals. In the GBA, IIT subsidies are introduced for qualified high-end and urgently-needed overseas talents working in 9 cities during the period from 2019 through 2023, which will help lower the effective IIT rate to a flat rate of 15% of eligible income derived in Mainland China for qualified individuals. Hainan is the first and only free trade port in China, which has, among others, competitive taxation policies benchmarking world's leading free trade ports (such as zero tariff, lower tax rates, and simplified tax regime). Lin-gang Special Area is newly added to the Shanghai free trade zone, and it focuses on building industrial clusters for cutting-edge industries like artificial intelligence, integrated circuits, bio-medicine and civil aviation, while it will also work on preferential tax policies for qualified individuals. Beijing, the capital of the country, also recently announced the establishment of a free trade zone, which features incentives in respect of technology innovation, international service trade as well as digital economy. Stay up to date with the latest developments on the various incentive policies in China.(Live presentation was aired on 2 March 2021)

Parental corporate guarantees are common intercompany transactions. Recently, tax and regulatory have been quite vigilant about these transactions and have been scrutinizing these transactions more closely. Unlike intercompany loans, pricing guarantees can be specifically tricky, given that in these transactions, a compensation is warranted only if there is a specific benefit conferred to the recipient. That more often than not is not so straightforward. Besides, there is always a risk of given default for the guarantor. The OEDC paper on transfer pricing of financial transactions, issued in February 2020 as part of the BEPS inclusive framework, gives some valuable insights. Explore the latest developments in this important area of transfer pricing and how your organization might need to respond.(Live presentation was aired on 25 February 2020)

The Ministry of Labour & Employment, Government of India, has initiated steps to simplify, amalgamate, and rationalize numerous central labour laws, into the following four labour codes - Code on Wages, Code on Social Security, Code on Industrial Relations, and Code on Occupational Safety, Health and Working Conditions. All the four labour codes have now received the assent of the President and the draft rules have also been issued. The Codes are now awaiting the notification of the effective date. Learn about the latest updates in India's labour codes and how you may need to address the challenges going forward.(Live presentation was aired on 23 February 2021)

The backdrop for the 2021 Japan Tax Reform is one of continuing economic uncertainty, accentuated by the business and societal impact of Covid-19. Government responses include a commitment to greater resilience, and in line with Japan's new Prime Minister has prioritized digital transformation and the pursuit of carbon neutrality. Proposals in the 2021 Tax Reform are designed to contribute to these and other policy objectives, such as the promotion of Japan as a financial center. Join us to learn more about the key proposals in the 2021 Japanese Tax Reform and other recent notable tax updates that might impact multinational enterprises doing business in Japan.(Live presentation was aired on 16 February 2021)

On 15 November 2020, the Regional Comprehensive Economic Partnership (RCEP) was signed. It marks the largest regional agreement ever concluded in terms of market size, coverage on trade and investment, and population. Deloitte Global Trade Advisory (GTA) professionals throughout Asia Pacific will share their insights on the impact that RCEP will have on global trade. Stay updated on the latest insights on RCEP and its impact on global trade.(Live presentation was aired on 9 February 2021)

India Budget 2021 will be presented in the Parliament on 1 February 2021. This year, all eyes are set on how the government will reset its growth agenda and strike a balance between the health and medical care needs and economic outlook. With digital as a necessity in the new world order, the expectations are on a rise. Fresh opportunities and revival of demand are the sources of optimism, and these are leading the country towards the journey of a thriving India. Join our Deloitte specialists as they share a short, simple, and strategic take on the India Budget 2021.(Live presentation was aired on 2 February 2021)

The challenges many companies face when charging headquarter or shared service center transfer pricing in Asia Pacific is long running and well known. It is even more pronounced in the current environment. For example, the benefit of companies' IT and digital spending is clearer to remote working employees, regulators, and tax administrators while pressure to reduce cost and operating leverage is acute. Find out what could help your organization to respond to the intra-group service challenges and prepare for the future.(Live presentation was aired on 28 January 2021)

On 17 October 2020, the Standing Committee of the National People's Congress, China's top legislature, passed the "Export Control Law of the People's Republic of China" (referred to as the "Export Control Law"). The law, set to come into effect on 1 December 2020, is the first law of export control in China. Its contents follow from current legislation and enforcement practices, while also introducing major changes to the existing regime such as extraterritoriality and deemed exports. Recently, China is enhancing its relevant legal and regulatory framework including the legalization of Export Control Law, the introduction of the Unreliable Entity List (UEL) system and updates to the catalogue of technologies prohibited or restricted from being exported. These updates will bring new compliance requirements to foreign entities engaged in China-related business. Foreign entities need to be more cautious when making major commercial decisions and implementing their business plans. Join our Deloitte professionals as they share their insights on how to navigate global trade and export controls to efficiently maximize your business operations.(Live presentation was aired on 10 December 2020)