Dbriefs Mobile

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)

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)

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)

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)

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)

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)

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)

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)

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)

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)