Dbriefs Podcasts

Dbriefs Podcasts

By Deloitte Dbriefs Asia PacificBusiness
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Dbriefs Podcasts episodes

  • Recent changes to the consumption tax rules affecting foreign companies
    As part of Japan’s 2024 tax reform, several measures were introduced to the Japanese consumption tax (JCT) regime that are designed to tighten the rules around the prescribed tests to determine whether an entity is a JCT payer or a JCT exempt enterprise. In addition, changes were made that require certain foreign companies without a permanent establishment in Japan to calculate their JCT liability based on actual input and output tax amounts, rather than on the simplified taxation system or small to medium-sized business exemption. The new measures apply to tax periods beginning on or after 1 October 2024.
    In this episode of The Japan Perspective, Nicole Baxter, a director in the indirect tax group at Deloitte Japan, discusses these recent changes to the JCT rules and how they affect foreign companies doing business in Japan.
    The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
    If you've recently listened to our podcast and would like to share your thoughts or feedback, we would greatly appreciate it. Your feedback helps us improve and tailor our content to our listeners. Please share your feedback via this link: https://forms.office.com/e/BnjLKLWpZb
         
    10 min
  • Buyback of shares

    Budget 2024 introduces significant changes to the taxation of share buybacks, shifting the tax burden from companies to shareholders. This amendment, effective 1 October 2024, impacts both domestic and cross-border buybacks. This podcast focuses on the tax implications of cross-border buybacks and explores key issues worth considering. Tune in to learn more.

         
    0 min
  • Playing your best card: Navigating tax audits in Japan

    The number of field audits in Japan has been increasing each year, and is now returning to the level seen prior to the COVID-19 pandemic (see our Tax Controversy Japan Update 2024). Foreign multinationals are therefore likely to face a tax audit in the near future (if not already), and while tax audits may result in disagreements between a company and the tax authorities, it could be in best interests of the company to try and resolve those differences during the course of the tax audit.

    In this episode of The Japan Perspective, Yutaka Kitamura, Tax Controversy Leader, DT Legal Japan, provides an overview of a typical tax audit in Japan and discusses the options available to a taxpayer facing a potential tax assessment.
    The Japan Perspective is a podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

         
    9 min
  • Pillar One - Amount B: Concepts and implications

    As global tax regulations evolve, understanding and embracing the Two-Pillar solution by the OECD are pivotal for businesses aiming to enhance transparency, build trust, and drive sustainable growth.

    Join our experts Mr. Anis Chakravarty, Asia Pacific Transfer Pricing Leader, Mr. Tarun Arora, India Transfer Pricing Leader and Ms. Karishma Phatarphekar, Transfer Pricing Partner at Deloitte India, as they unravel the complexities of the Amount B under Pillar One of the OECD guidelines.

         
    0 min
  • Exploring Tax Transparency: Navigating Complexity, Fostering Trust

    In the current landscape of heightened awareness around corporate governance and ethics, embracing tax transparency is a vital opportunity for growth and trust-building.

    Join us as Riddhi Shah, Tax Partner at Deloitte India, and Prayag Kinariwala, Senior GM - Corporate Taxation at Lupin Limited delve into the significance of transparent tax reporting for businesses, governments, and society.
    Tune in to uncover the nuances, challenges, and benefits of transparent tax practices in today's evolving landscape of governance and corporate responsibility. Don't miss out on this insightful conversation!

         
    7 min
  • ESG and Transfer Pricing

    Environmental, social, and governance (ESG) initiatives are reshaping corporate landscapes, impacting reporting requirements and intersecting with tax and transfer pricing domains. Our latest podcast sheds light on the ripple effects of HQ-led ESG strategies, prompting revisions in intercompany pricing policies. Carbon credit procurement, green financing, ESG-focused KPI selection are some of the key transfer pricing areas affected by these initiatives.

    Join our experts Riddhi Shah, Tax Partner at Deloitte India, Mark Barker, Tax Director at Deloitte Australia, and Subhabrata Dasgupta, Tax Partner at Deloitte Malaysia, as they discuss the evolving dynamics of ESG within the Group's value chain and emphasize the crucial need for alignment with transfer pricing policies amidst tax technical and reputation risks. Don't miss this insightful conversation!

         
    8 min
  • Podcast: Revisions to the factor-based enterprise tax system

    In the 2024 tax reform proposals, Japan's Ministry of Finance announced its intention to introduce changes to the current factor-based enterprise tax regime.

    In this episode of The Japan Perspective, Deloitte Japan’s tax professionals Joanna Hazel and Ken Leong examine the recent reforms to the factor-based enterprise tax system. The discussion highlights the closure of certain loopholes in the current legislation and sheds light on the implications for Japanese subsidiaries of multinational enterprises who are faced with navigating these changes.
    The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

         
    12 min
  • 2024 tax reform series—proposed new and revised tax incentives

    In the 2024 tax reform proposals, Japan's Ministry of Finance announced its intention to introduce two new tax incentives for strategic investment and innovation, and proposed amendments to the existing carbon neutrality incentive, as follows:

    • Strategic investment: Aimed at encouraging corporate investment in digital transformation, green transformation, and economic security. The government has identified five key products crucial for Japan's global competitiveness.
    • Innovation box: Targets intangible properties like patents and covers intellectual property transfers and license transactions, with certain limitations.
    • Carbon neutrality: Would extend incentives for two more years, with revisions focused on direct contributions to improving a company's carbon productivity. Eligible assets would be refined to prioritize investments with a more direct impact on carbon neutrality.
    In this episode of The Japan Perspective, Deloitte Japan's tax professionals Joanna Hazel and Masaaki Miura emphasize Japan's alignment with global trends, its commitment to aggressive carbon reduction goals, and the benefits for companies aligning their strategies with the evolving incentive landscape.
    The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

         
    14 min
  • Podcast: Preparing for changes to the taxation of online platforms

    In the 2024 tax reform proposals, Japan's Ministry of Finance announced its intention to introduce changes to the taxation of online platforms as from 1 April 2025.

    In this episode of The Japan Perspective, Deloitte's tax professionals Joanna Hazel and Nicole Baxter discuss the new tax and explore the significant changes set to take effect in 2025. The discussion offers an insight into the necessary compliance requirements and highlights the impact that the new tax will have on both platform operators and foreign digital service providers.
    The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.

         
    11 min
  • Podcast: 2024 tax reform series-Introduction
    Japan’s ministry of finance announced in mid-December 2023 proposals for the 2024 tax reform, which include a range of domestic and international measures.
    In this episode of The Japan Perspective, which is the first in a series of episodes on the 2024 tax reform, Deloitte Japan’s tax professionals, Joanna Hazel and Brian Douglas, discuss the 2024 tax reform proposals that were announced by the government and break down the three main themes of the proposed reforms: bridging the gap between inflation and slow wage growth, encouraging companies to invest in Japan, and ensuring compliance.
    Specific discussions include changes to the local enterprise tax (addressing issues related to large companies and subsidiaries), proposals around Japanese consumption tax (including platform taxation), and new proposed incentives for strategic goods production and IP-related endeavors.
    Please register for Deloitte Japan’s upcoming 15 February 2024 webcast discussing the 2024 tax reform proposals in more depth to stay ahead of the tax reform curve.
    The Japan Perspective is Deloitte Japan’s podcast series committed to communicating the latest Japanese tax developments and their potential impact on foreign multinational companies operating in Japan.
         
    13 min

About Dbriefs Podcasts

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Dbriefs Podcasts is a regular video and audio news podcast series that focuses on the latest tax news and developments that could affect your business.

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