Agenda │ ITR Asia Tax Forum 2020

Agenda

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August 25 - Day 1

8.15

Registration

8.50

Welcoming address from ITR

8.55

An update from the OECD on BEPS 2.0

Keynote speech on an overall update about BEPS 2.0.This presentation is followed by two panel discussions, gaining the perspective from tax executives and tax practitioners on how the proposals will impact all businesses in the region.This will include further updates and developments to be aware of after the G20 (Jan 2020).

9.15

Hot topics in Asia-Pacific taxation

Marco-economic impacts on the Asia tax landscape
A high-level analysis on tax developments that will affect businesses in the region
How to cope with implementation of tax changes locally and in practice
Key jurisdictions to be aware of

Speakers

Eric Roose, partner, Withers
Manuel Makas, managing partner, Greenwoods & Herbert Smith Freehills
Peter Ni, partner, Zhonglun
Jay Shim, partner, Lee & Ko
Pieter De Ridder, tax partner and managing partner, Mayer Brown (Singapore)
Amit Gupta, director of tax, Dell

10.30

Coffee and networking

10.50

BEPS 2.0 – Pillar 1 (Re-allocation of profit and revised nexus rules) discussion

Applying the three-tier system (Amount A, B and C)
Understanding the carve-outs and proposed exemptions
New – nexus – can VAT regimes be leveraged to achieve consensus?
Profit allocation rules – going beyond the arm’s-length principle

Speakers

Kari Pahlman, vice president global tax, Techtronics Industries
Vaibhav Sanghvi, Senior Director, International & APJ Tax, NortonLifeLock

11.40

BEPS 2.0 – Pillar 2 (Global anti-base erosion mechanism) discussion

How to prepare if all jurisdictions do not implement the voluntary Pillar 2 framework
How will this impact low tax jurisdictions?
Treaty implications
Impacts for consumer-facing business and the financial services sector

Speakers
Avichal Agrawal, group head of FATCA-CRS, CITIC CLSA Group

12.30

Lunch and networking

12.40

Lunch and Learn - Debate: short-term fiscal targets vs long-term targets

Lunch session/intimate breakout room with CFO and Heads of Tax This session is all about business partnering. Gain insight on both the finance and tax function and how they can work together seamlessly

Speakers

Greg Elliott, global head of tax – businesses and regional tax lead GCNA & ASEAN, Standard Chartered Bank

13.30

Digital services taxes: managing change

Digital services taxes (DSTs) are being introduced in numerous countries as governments grow impatient with the OECD’s efforts. Understanding the differences between each country’s rules is essential.

Update on which countries are introducing a DST
How DSTs are defined
Strategies for dealing with various compliance timelines in different jurisdictions
Audit preparations

Speakers

partner, Lakshmikumaran & Sridharan

14.20

India tax insights

An update on the complex Indian tax environment
What to expect from the India Taxation Law Ordinance
Impacts of the reduced corporate tax rate

Speakers

Dinesh Kanabar, CEO, Dhruva Advisors

15.10

Coffee and networking

15.30

Breakout session 1

The following sessions will split the room into two streams; delegates will have the choice to participate in either Stream A or Stream B.

A. Indirect tax in the region

Future trends in GST and SST regimes
Disputes – an overview of key cases
PE risks from e-commerce transactions where companies have no physical presence
Impact of removing the low-value goods thresholds

Speakers
Ben Wolfe, senior regional tax manager (indirect tax), Prudential

B. Tax technology tools for the tax function

What technology is available to help you with your work?
Considerations when investing in a product/service
Discussion: tax executives share their experience in using technology tools

16.20

Breakout session 2

A. Disputes with tax treaties

Strategies to achieve efficient APAs
Tax certainty initiatives, e.g. ICAP
Dealing with MAPs and arbitration
Reducing the risk of disputes

B. Digitalising your data

Coping with the vast volume of information – choosing what information to send to the tax authorities
Sourcing your data and making sure of its integrity
Creating a more uniform format and systems for your data
How to keep high quality data readily available
Minimum viable products - using the software you have

Speakers

Audrey Low, head of tax transformation & data, DBS Bank

17.10

End of Day 1

August 26 - Day 2

8.15

Registration

8.50

Welcoming remarks from ITR

8.55

Keynote address on the trade environment in the region

This session address issues around the China and US trade tensions and how this has impacted the Asia-Pacific region

Restructuring strategies to deal with the China-US trade tensions
Challenges and opportunities with the Belt and Road Initiative
Preparing for global uncertainty of tariff levels

9.10

Risk management implementation

Best practices in creating a unified framework across the business
Developing a cost-efficient agile process to staying informed
Strategies for identifying and reducing your tax risks

10.00

The US Tax Reform and implications for Asia

Key challenges that arise from operations in the US
Implications of Altera, and Eaton cases and upcoming cases to watch
Tax payments for American companies shifting to consumer base

10.50

Coffee and networking

11.10

Tax transparency in practice

Understanding the meaning behind tax transparency – is it really
creating 'fair' tax?
Pros and cons of voluntary disclosure programmes – real examples
Dealing with the scrutiny on transactions
Tax transparency initiatives
Managing public perception

Speakers

Michael Muncaster, executive director, APAC product head – regulatory compliance, IHS Markit
Barbara Voskamp, partner, ASEAN, Loyens & Loeff

12.00

Tax challenges in South-East Asia

Overview of recent international tax developments in SEA
Manufacturing companies looking to move into the SEA region
– what are the tax implications
Compared to the bigger jurisdictions, what are the key pitfalls
to avoid?

Speakers

Marco Del Monaco, head of tax and treasury, APAC-MEA, Ferrero Asia Pacific
Adrian Bancoro, tax director - Philippines, CEMEX

12.50

Lunch and networking

13.00

Lunch and learn - Managing an in-house tax department

Developing cultural understanding within your global team
Managing virtual teams
Considerations when outsourcing your work
Diversity and inclusion – how a diverse team and skill-set can
lead to innovation and an efficient department

Speakers

Megha Khandelwal, senior manager, taxation - Asia, Rio Tinto
Umang Dhingra, head of tax, GlaxoSmithKline Asia
Bhavin Shroff, head of South East Asia and India tax, Nomura

13.50

Tax audit practices

Dealing with electronic assessments and faceless audits
Managing the growing demand for detailed and specific
information requests
Negotiating skills and how to tell the story
Working with different tax authorities across the region – a
jurisdictional comparison

Speakers

Ferdian Mariosa, tax director Asia-Pacific, USG Boral Building Products
Siti Syadiah Latief, vice president head of tax, Nestle Indonesia

14.40

Key challenges with transfer pricing

Operational transfer pricing
Inter-company transactions – strategies to manage change
Developing and using robust benchmarks
Practical implications of the OECD guidelines and Actions 8-10
Country-by-country reporting – What’s happening with your data?

Speakers

Adnan Begic, transfer pricing, Michelin
Vijayashree Ranganathan, head - taxation, VFS Global
Benchi Klaver, head of transfer pricing, Kulicke & Soffa

15.30

Lunch and networking

15.50

Case study: Negotiating with an aggressive tax authority

This session focuses in on how to deal with an aggressive tax authority,
for example, Indonesia, and applying it to your tax strategy.

Speakers

Charles Oetomo, tax partner advisor, GNV Consulting Services

16.20

Learnings from Australia