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.

In the recently delivered budget of Hong Kong Special Administrative Region (HKSAR), government has rolled out a number of measures on how the city can promote sustainable growth in traditional & emerging industries, as well as forward-looking tax policy and incentives in attracting investment.

Environmental, Social and Governance (ESG) is now mainstream and has quickly become a key framework that investors, employees and the wider community rely on for making critical decisions. ESG is now significantly influencing how total reward and pay arrangements for executives and employees are designed and operated.

In response to global shifts triggered by the pandemic and geopolitical tensions, Japan recognizes the need for bold economic changes. The impact of inflation, the imperative to domestically produce certain goods that are strategic to future economic prosperity and promote IP, and the curtailing of tax abuses are key challenges addressed by the 2024 tax reform.During this webcast, our experts discussed about factor based enterprise tax , Japan’s indirect tax regime, promotion of R&D, IP Box regime and other themes related to Japan tax reform. (Live Presentation was aired on 15 February 2024)

With recent shifts in capital markets and a shrinking public company market, private equity has evolved as an investment option in Asia Pacific, leading to strong growth in the industry over the last decade.So, Private equity firms and portfolio companies must navigate an increasingly complex, and rapidly changing, transfer pricing landscape across Asia Pacific. This Dbriefs session focused on, typical fund transfer pricing structures, Transfer pricing methodologies and policies as well as the current focus of tax authorities and advance pricing arrangements. (Live Presentation was aired on 1 February 2024)

Anis Chakravarty spoke with Ralf Heussner on his recent interview with Manuel de los Santos, Head of the OECD Transfer Pricing Unit, to discuss latest and upcoming OECD transfer pricing projects including Pillar One Amount A and Amount B, Pillar Two global minimum tax rules, and dispute prevention and resolution mechanisms. (Live Presentation was aired on 23 January 2024)

Recently Apex Court of India issued a ground-breaking verdict that holds significant implications for the interpretation and application of the Most Favored Nation (MFN) clause in the context of Indian tax treaties.In this context, during this webcast our Deloitte Expert discussed the foundation of the Apex Court's Ruling, look into the reversal of lowercourt's stance, access the Implications and practical challenges for foreign taxpayers as well as explore the path forward for foreig taxpayers.(Live presentation was aired on 16 January 2024)

Asia Pacific has witnessed a rapidly growing investment management industry.The double-digit growth in assets under management has been underpinned by global fund managers. Asia Pacific has observed an increasing demand for alternative and multi-asset strategies, investment diversification from insurers, pension and retirement plans, and a maturing appetite from family offices and institutional investors. However, investment managers are now facing new threats and uncommon opportunities in the post-pandemic business environment. The conditions most likely to play in the immediate horizon include a combination of high interest rates, greater regulatory pressure, and potentially moderating, but still troubling, inflation. Against this background, investment managers will need to navigate a complex, and rapidly changing, tax landscape in Asia Pacific. This Dbriefs AP (Asia Pacific) webcast session provides insight into State of the market and trends in Asia Pacific, Fund structuring for investments in Asia Pacific, Tax updates from Singapore, China, Hong Kong and Australia.   (Live presentation was aired on 14 November 2023)

The European Union’s Carbon Border Adjustment Mechanism (EU CBAM) transition period imposes reporting requirements on EU importers of the goods covered by this new measure fitting with the EU’s Fit for 55 climate agenda. The first quarterly report is to be submitted by the end of January 2024, which will require manufacturers exporting the covered products to the EU to provide their EU customers with a set of carbon emissions related information about the products they sell. So, it is imperative that manufacturers have a clear understanding of the requirements and prepare themselves well for the requests their EU customers will submit. In this session, our Deloitte experts discussed about Deloitte’s Green Initiatives and general introduction to CBAM, CBAM’ implications, its Operational and strategic implications as well as how can Deloitte help.   (Live presentation was aired on 24 October 2023)