ITR is delighted to host the Asia Tax Forum, on 25 & 26 August 2021. Over the past year, there have been many developments in Asia and international tax. Just how has the global tax environment reacted and adapted to the pandemic? And how has the tax world adjusted to the introduction of the digitisation of tax assessments?
The ever-evolving tax environment makes it essential that tax professionals keep themselves informed of what is going on and how change will affect their company’s tax obligations. Join us at the Asia Tax Forum to hear tax professionals offer expert advice and share their first-hand experiences of these pertinent issues.
Join us for exclusive insights, strategic discussion, and high-value networking with your peers across the globe, and:
INTERACT. Actively engage with speakers during panel discussions through live Q&A and polling functions.
NETWORK. Discuss and debate with industry experts with AI recommendations, leading tax directors, private practice tax advisors, and tax authorities.
LEARN. Share best practice and draw on the experience of your peers through practical case studies that will provide you with solutions.
25 August 202109:00-10:00: Global outlook on BEPs 2.0
- Navigating the global minimum corporate tax rate
- How to balance global tax laws and individual jurisdiction's tax laws
- Developments of the OECD BEPs 2.0 discussion and the likely implications for MNCs
- How far is the OECD implementing BEPs 2.0, and which businesses will be affected?
- Predicting what will happen during the transition years, between agreement and implementation
10:30-1130: The digitalisation of tax
- How to manage the changing requirements for e-invoicing
- The adoption and implementation of digital taxation – an international perspective
- How the digitalisation of tax has affected everyday tasks
- Utilising automation and data analytics to spot compliance gaps
- How to step up operations and be cost-competitive at the same time
12:00-13:00: India tax insights
- India’s emergence as global manufacturing hub – Snapshot of Direct and Indirect tax incentives paving the way
- Significance of ruling on software licensing fees – India aligning with the OECD approach
- Faceless audits – a game changer with pitfalls to watch out
14:00-15:00: Organising your in-house tax team
- The benefits of migrating jobs from other countries to free up resources
- Delivering end to end processes to achieve high efficiency within your team
- Debating the pros and cons of outsourcing the tax function – is there a clear model?
15:30-16:10: Navigating relationships with tax authorities
- Top tips for building relationships with tax authorities and proactively engaging with them
- How to create a more transparent discussion
- Case study: dealing with the Indonesian tax authority
16:30-17:30: Overview of indirect tax policies across Asia
- Future trends in indirect tax policies and regimes
- Understanding the impact of the removal of GST relief on Singapore
- The risks and implication of India removing the GST audit requirement
26 August 202110:00-11:30: Challenges with increasing tax audit activities
- Navigating the increase in tax audit activities
- Key differences between desk audits vs field audits, what are the physical constraints and implications of social distancing measures?
- Key criteria for preparing strong, efficient and effective documentation
- How the Arm's Length Principle works for intercompany transactions
12:00-13:00: Tax controversy management
- How to build a global controversy practice
- Strategies for controversy – what framework to use
- Moving from reactive to proactive and what preparation work to prioritise
- Alternative dispute resolution: trends in Asia
14:00-15:00: Transfer pricing in the region
- CbCR – an update on how tax officials are using the data collected to date
- Evaluating the CbCR data exchange between jurisdictions
- How to ensure efficient auditing of intercompany transactions and transfer pricing documentation
- Will the OECD guidance reflect the current market condition?
- Creating alignment between transfer pricing operations and customs valuation
- Key features of the transfer pricing regulations in Malaysia
17:00-18:00: Taxing the digital economy
- How DSTs are defined
- Expansion of definition for e-commerce – are brick and mortar companies being affected?
- Looking at India's equalization levy
- Learnings from EU's implementation of DST