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The Asia Tax Series: Country Updates and Tax Challenges from Digitalisation

A deeper look into key developments in China, India, Indonesia and Malaysia

Expert Speakers Panel of Tax Experts from Crowe Global

$267.50 (including GST)

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ACCA and SIATP members will enjoy a 10% discount off the event fee. Use promo code "ATS10" at checkout and furnish your membership numbers upon receipt of our confirmation.

Overview

Asia’s tax regimes continue to evolve and pose new challenges to multinational corporations and companies investing and operating in the region. The rapid growth of the digital economy is compounding the challenges by creating uncertainties in the tax treatment of digital transactions as most tax rules that were formulated for traditional brick and mortar businesses have not kept pace with the technological developments.

With the growing complexities of Asia’s tax laws, this forum will highlight the recent tax developments and strategies in China, India, Indonesia and Malaysia. Designed for the busy professionals and business executives, this forum will give you a quick and practical update on the latest tax developments in China, India, Indonesia and Malaysia. You will also be up to speed on these countries’ tax developments and challenges in the digital economy. There will also be a panel discussion that will highlight the recent trends in the USA and Europe with respect to the taxation of the digital economy. 

Programme Outline

COUNTRY UPDATES
 
China

  • Provisional deferral for withholding tax on direct re-investment in China by foreign investors
  • Additional guidance from tax authorities in determining beneficial ownership status
  • Proposed individual income tax reform
  • Clarifications concerning the implementation of tax treaty provisions
  • Super deduction for R&D expenses incurred by foreign organizations

India

  • Key tax developments in the recent India Budget 2018 that will affect  foreign companies doing business in India 
  • Withholding taxes - Equalization tax update
  • Place of Effective Management (POEM) rules in India and the corresponding tax issues for regional headquarters
  • Recent Developments on Country-by-Country Reporting (CbCR) and update on the requirements.
  • GST updates on one year completion

Indonesia

  • Transfer pricing update – details of the 3 tiered reporting
  • Managing tax audits & VAT refunds
  • Tax reform: Tax law amendments
  • Tax holiday for pioneer industries
  • Procedure for applying tax treaty benefits 

Malaysia

  • Highlights of Budget 2018 changes
  • Accelerated capital allowance for information and communication technology equipment
  • Revised tax investigation framework
  • Withholding tax exemption for offshore services 
  • Tax treatment of digital advertising provided by non-residents

DIGITAL ECONOMY
 
1. A comparison of the following tax issues in China, India, Indonesia & Malaysia

  • Withholding tax issues for foreign companies supplying digital goods & services (e.g. software, online advertisement, downloadable music) to customers in the respective countries
  • VAT/GST issues for foreign companies supplying digital goods & services in the respective countries
  • This section (Section One) will be covered in the Country Updates of the various countries.


2. Panel discussion

  • Trends in taxation of digital economy – perspectives from Asia, EU and the USA
  • PE issues for companies supplying digital goods & services – are countries taking a unilateral approach?
  • New business models in the digital economy – are tax authorities keeping up?

Expert Speakers

Klaus Chen
Director, International Tax
Crowe Horwath Consulting (Beijing) Limited

Klaus is a tax attorney who has vast experience in advising clients in a wide range of international and domestic tax matters at Chinese professional service firms through tax consulting, tax planning, tax problem diagnosis, strategic tax solutions, tax due diligence, and tax dispute resolution.

Klaus is appointed by Crowe Global as Chairman of Asia Pacific Tax Committee as well as member of International Tax Committee. He is highly experienced in reviewing the current tax burden of various foreign and domestic enterprises and helping to minimize their tax burden pursuant to tax laws. He has worked with international enterprises in conducting the necessary tax due diligence before they acquire businesses in China. He has also assisted various local and international clients to identify potential tax risk on their routine policies, procedures, and contracts, establishing internal tax risk control to minimise unnecessary tax exposures.  

Venkataraman Raghavendran
Senior Advisor
Crowe Advisory Services (India) Pvt. Ltd

Venkataraman is a Chartered Accountant with more than 35 years of professional experience.
He currently leads Crowe India’s Tax and Transfer Pricing practice.

Venkataraman has vast experience in Indian taxation matters, and has specialised in structuring cross-border transactions–covering DTAA, Indian Transfer Pricing Rules and Indian Foreign Exchange Rules. He also structures taxation for expatriate employees and provides tax advice & consultancy relating to Foreign Nationals and Non-Residents on Indian tax laws. 

Besides conducting investigative audit assignments of domestic companies on behalf of their lenders / international partners, Venkataraman also handles transaction and tax structuring, joint venture agreements, transaction documentation reviews, valuations and transaction negotiations. 

Sri Wahyuni Sujono 
Managing Partner
SF Consulting (Member of Crowe Indonesia) 
                       

Sri has over 26 years of experience in taxation, and was a Tax Partner in Arthur Andersen and Ernst and Young Indonesia.

Sri’s expertise lies in Transfer Pricing, Tax Litigation, Tax Planning and Tax Restructuring.
She is the Chairman of the Taxation Committee of Indonesian Chamber of Commerce (KADIN). 
She also serves in the Supervisory Board of Indonesian Tax Consultant Association (IKPI) and in the Audit Committee of PT Alam Sutra Tbk.

Sri has a Bachelor of Law from the University of UNTAG, and a Bachelor in Business Administration from the University of Wisconsin - Madison, USA. She is also a Registered Tax Consultant (Brevet C).

Chong Mun Yew 
Executive Director, Tax 
Crowe KL Tax Sdn Bhd

Mun Yew has over 17 years of tax experience which includes a 7 year stint with an international law firm specialising in corporate law, tax law and liquidation matters. He specialises in taxation covering areas such as Goods and Services Tax, domestic taxes, corporate restructuring, initial public offerings, mergers and acquisitions, employee share option scheme, expatriate tax and international tax. 

Mun Yew is a practising member of the Malaysian Institute of Accountants (MIA), and is a licensed tax agent in Malaysia. He was admitted as an Advocate and Solicitor of the High Court of Malaya on 2011. He is also a Technical Reviewer of the Budget Commentary and Tax Information booklet published annually by the MICPA, Malaysian Institute of Accountants (MIA) and CTIM. 

Gregory Buteyn
Director, International Tax
Crowe LLP 

Greg has over 30 years of experience in international tax, serving both outbound and inbound multinational companies and individuals from and to several tax jurisdictions. He is an appointed member to the Crowe Global International Tax Committee.

Greg assists US multinational companies in structuring their investments and cross border transactions with countries in Asia, Europe and the Americas, and assists non-US companies in structuring their inbound investments to the US. He led a Big 4 firm’s international tax practice while in Beijing, China, where he assisted US, South American and European companies investing into China, as well as assisting Chinese companies investing into the US.

Besides China, Greg lived and worked in London and Amsterdam, where he assisted US companies in tax structuring and planning for their European operations. Greg also has an active portfolio of individual clients who are US expatriate executives overseas, and expatriate executives from non-US countries living and working in the US.

Hugo Everaerd
Partner, International Tax
Crowe Foederer Netherlands

Hugo is Managing partner of the International Tax practice of Crowe Foederer in the Netherlands (Amsterdam), member of the board and chair of the global International Tax Services Committee of the Crowe network. He has over 20 years of experience in International Corporate Tax and advises a vast number of multinationals.

Hugo started his career at Andersen and, after the merger with Deloitte in the Netherlands, he had been part of the International Corporate Income Tax practice of Deloitte in Amsterdam until November 2009. He is highly experienced in M&A, listings and international tax planning for multinationals and private equity groups.

Hugo holds a Master degree in International Tax from the International Tax Centre Leiden, and is a Member of the Dutch Association of Tax Advisers (NOB). 


This event is proudly supported by ACCA Singapore and the Singapore Institute of Accredited Tax Professionals Limited (SIATP)‚Äč.

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