With the resurgence of Cryptocurrencies, there are an increasing number of traders, mining and companies worldwide using them for a host of investment, operational, as well as transactional purposes. In this episode, Neil Pereira (Tax Partner, Deloitte Australia) will speak to us about the current tax treatment of cryptocurrency gains in Australian context.       

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Crypto tax in Australia

The Covid-19 pandemic crisis requires fiscal policy to play a leading role in terms of support measures and reliefs introduced by Governments across the region. Some countries in Southeast Asia offer tax reliefs arising from the pandemic while other countries may not. As Covid-19 lockdowns slow down economic growth along with concerns on fiscal spending and the need to balance the Budget, governments may start to initiate tax audits in their attempts to raise tax revenues to weather the pandemic recession. Gain insights from Deloitte professionals about the existing Covid-19 individual income tax relief measures and the tax audit/inquiry process. (Live presentation was aired on 19 August 2021)       

Southeast Asia in focus: A look at Covid-19 tax relief measures and potential income tax audits

中国国家税务总局（以下简称"STA"）于2021年7月30日发布了《关于单边预约定价安排适用简易程序有关事项的公告》（国家税务总局公告2021年第24号）（以下简称"24号公告"），公告将于2021年9月1日正式生效。自2016年预约定价安排（以下简称"APA"）新规出台以来，越来越多在华经营的跨国企业开始考虑使用APA以实现税收确定性。然而，根据现行APA法规，单边预约定价安排（以下简称"UAPA"）和双边预约定价安排（以下简称"BAPA"）申请均涉及六个阶段，税企双方往往需要很长时间才能达成最终共识。为提高谈签效率，24号公告为UAPA制定了简易申请程序。根据该公告，申请UAPA的程序将尽可能被简化，其申请流程将从目前六个阶段缩短至三个阶段；简易程序对税务机关受理APA申请和协商签署这两个关键环节也提出了明确的时间限制，企业最快有望在6至9个月之内与税务机关完成整个UAPA的谈签。新的APA法规将为纳税人实现税收确定性另辟蹊径，有望成为我国APA实际应用中一个重要的里程碑。 (Live Presentation was aired on 12 August 2021)       

中国转让定价法规更新：关于单边预约定价安排适用简易程序

Export Controls regulate the export and supply of military and dual-use goods and technology. The requirements that Export Controls place on businesses is often not known or clearly understood and the ramifications of breaching the rules can be significant in terms of penalties and the potential impact on a nation's National Security. Gain insights from Deloitte professionals on the China, Australia and US Export Controls rules and its impact on your business. (Live presentation was aired on 5 August 2021)       

Export Controls: An overview of the China, Australia,South-East Asia and US extra-territorial export control rules, requirements, and best practices

The project to reform the international tax framework proposes new Pillar 1 (nexus and allocation rules) and Pillar 2 (global minimum tax). Whilst significant policy, technical and political challenges remain, developments so far in 2021 have added momentum to the multilateral process. The goal is to achieve a global and consensus-based solution in 2021. Learn about the latest developments in relation to G20/OECD Pillar 1 and Pillar 2 and how you may need to address the challenges going forward. (Live presentation was aired on 27 July 2021)       

G20/OECD Pillar 1 and Pillar 2 project: Latest developments and what to expect

Ratification of the Multilateral Instrument (MLI) by many countries has resulted in one of the most across the board changes to double tax treaties in recent times but the precise consequences vary and common positions / interpretations have yet to emerge. Join our Deloitte professionals and stay ahead on the double tax treaty update. (Live presentation was aired on 7 July 2021)       

Double tax treaty update

China's State Taxation Administration (SAT) released the draft regulation of simplified Unilateral Advanced Pricing Agreement (UAPA) application procedures recently, which is now for public consultation and expected to be published within this year. Since the new APA regulation launched in 2016, more and more MNEs in China are considering APA to secure the tax certainty. The existing APA regulation requires 6 phases for both UAPA and BAPA application which usually takes a long time to reach the final consensus. In order to improve the efficiency, SAT worked out this simplified application procedures for UAPA. According to the draft version, the procedures of applying UAPA is simplified as much as possible, which is shortened from 6 to 3 phases and the time of reaching the final consensus is limited to 6 months. The new regulation is absolutely a milestone of APA application in China, which will offer another channel for tax payers on tax certainty. (Live presentation was aired on 29 June 2021)       

China Transfer Pricing updates: Simplified Unilateral Advanced Pricing Agreement application procedures

The landscape of remote work is changing rapidly as the pandemic has accelerated the future of work. For many businesses, there will be reduced importance as to where work is done and increased focus on how work is done, leveraging robotics, automation, digital capabilities, connected platforms, tools and techniques. We are seeing remote work come to life in several scenarios today, and each has different features, challenges and possible approaches. Our discussion will also include a review of alternative employment models such as a GEC and where these may or may not be attractive remote work solutions. Gain insights from Deloitte professionals on the future of work and how you can apply remote work solutions to your current business. (Live presentation was aired on 17 June 2021)       

Remote work: Setting the right strategy

Over the past decade, special purpose acquisition companies (SPACs) have gained popularity in the global markets. The year 2020 has been the year of SPAC with a record fund raise of around US$83 billion and more than 50 percent of the listing transactions in the United States having been executed through SPACs. In the first few months of 2021, the momentum of fund raising in US through SPAC has increased multi-folds with European region also raising funds through SPAC. Asia Pacific has recently witnessed its first SPAC getting close to fruition in the recent times. This has garnered a lot of interest in the business and the investor community, eliciting several questions from them on various aspects related to SPAC. In near future, it is expected that Asia Pacific will also catch on to SPAC fund raising wave soon. Learn about the SPAC listing, tax consequence and other key aspects to prepare for what's next. (Live presentation was aired on 27 May 2021)       

Structuring for special-purpose acquisition company (SPAC) listing, tax consequence and other key aspects

Since the reintroduction of the Sales Tax and Service Tax regime in Malaysia, there has been considerable confusion and uncertainty in its scope and application. The confusion has largely arisen due to the frequent amendments to the Law and the guidance released by the authority that have served to expand and redefine the scope of the tax whilst providing limited exemptions. In this session, we will attempt to deconstruct some of the more critical changes and developments. Stay ahead on the Malaysia Sales Tax and Service Tax developments to better prepare your business for the future. (Live presentation was aired on 20 May 2021)       

Recent developments in the Malaysia Sales Tax and Service Tax

Australia has some unique rules relating to GST on financial supplies which should be considered during the investment structuring process. We will also look at the latest issues in Australian stamp duty including the New South Wales Property Tax proposal as well as the latest Australian customs issues including opportunities to optimize customs duty costs, an overview of recent tariff classification court decisions as well as an overview of the opportunity/benefits that are available to Australian Trusted Traders. Learn about GST considerations for inbound investors into Australia, and updates on stamp duty/property taxes and customs issues and its impact on your business. (Live presentation was aired on 11 May 2021)       

GST considerations for inbound investors into Australia, and updates on stamp duty/property taxes and customs issues

In December 2020, the OECD published "Guidance on transfer pricing under COVID-19" (Guidance on the Transfer Pricing Implications of the COVID-19 pandemic). This guidance focuses on how the arm's length principle and the OECD Transfer Pricing Guidelines apply to issues that may arise in the context of COVID-19. Our Southeast Asia (SEA) Partners will discuss how the tax authorities in SEA may treat COVID-19 related costs and losses and may view the recommendations on comparability by the OECD. We will be using case studies to demonstrate how the different tax authorities in SEA will react to a common set of issues arising in SEA. Moreover, the different SEA jurisdictions have seen significant changes in their regulations in the second half of 2020. In this session, we will provide an update on the changing regulatory environment in SEA. (Live presentation was aired on 6 May 2021)       

Transfer pricing implications of the effects of COVID-19 and recent developments in Southeast Asia

The Government of India has been consistently focusing on fiscal reforms to drive the "Make in India" campaign. Recently, Production Linked Incentive (PLI) schemes have been being instituted by the Federal Government which provide incentives to organizations undertaking manufacturing activities in India and is applicable to both domestic sales and to exports from India. The PLI schemes are sector focused and currently cover 13 different sectors. These schemes can be availed in parallel with state incentives as well as corporate tax concessions emerging from legal entity structuring. The early rounds of PLI notifications had significant patronage which has encouraged the government to explore extending it to additional sectors beyond the 13. Join our Deloitte specialists and stay updated on the PLI schemes. (Live presentation was aired on 29 April 2021)       

Emerging Production Linked Incentives Schemes: What's in it for you?

The Chinese tax authorities have launched the e-special VAT invoice pilot program on all newly registered VAT payers in China. While the timeline for rolling out this pilot to the existing enterprises is yet to be seen, it is generally expected that this pilot may be rolled out in phases in 2021. The implementation of e-special VAT invoice would bring significant impact on the operations of VAT special invoices in terms of issuance, usage, management, and archiving. This would affect all taxpayers in all industries in China. (Live presentation was aired on 8 April 2021)       

China electronic VAT special invoices: Impact and opportunities

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 3 of our 3 part Tax Controversy series, we review the administrative and practical approach of the tax authorities to controversy and disputes in the region. (Live presentation was aired on 7 April 2021)       

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