Up-to-date analysis and comment on international corporate tax and transfer pricing matters

The foreign-sourced income exemption (FSIE) regime, which became effective on January 1 2023, is one of the biggest changes in the basic tenor of taxation in Hong Kong’s history. An amendment bill to expand the scope of assets covered under the FSIE regime was gazetted on October 13 2023. This change should be coupled with amendments to the Hong Kong Inland Revenue Ordinance enhancing the tax certainty in connection with onshore qualified equity disposal gains that were gazetted on October 20 2023.

In this webinar, John Timpany and Eugene Yeung, respectively the head of tax and a tax partner at KPMG China, will discuss what they have observed in the 11 months since the enactment of the FSIE regime, and the features of the proposed changes to the law. They will also share insights on actions that may be required before year end.

Sign up now for this free webinar and hear how the changes to the FSIE regime could affect your organisation.

Hong Kong’s foreign-sourced income exemption regime: refinements and updates

Life sciences enterprises operating in China are facing increasingly strict supervision and challenges since the anti-corruption measures announced at the beginning of 2023 and the consistent development of tax collection and management systems in China. 
To help life sciences enterprises to address these challenges, this free webinar will cover several themes, including:
• Non-compliant business behaviours or incorrect classification of meeting expenses, entertainment expenses and sponsorship fees incurred during a commercialisation process are again becoming a potential focus for audits;
• A revision to the VAT legislation is in progress and although the current VAT system framework will be kept, some key adjustments could be made that could impact the industry;
• Fully digitised e-invoices, the core pillar of the construction of the smart tax collection and administration system of tax authorities, are changing the tax management practices of companies; and
• Golden Tax project Phase IV has imposed a more comprehensive cloud monitoring system on taxpayers at business level and heralded a new era of ‘tax administration by data’.
The problem of how to face these significant changes in China will be discussed by the following tax specialists: Grace Luo and Jason Yu, tax partners, and Michelle Geng, tax director.
Sign up now to learn about the latest developments in China’s tax landscape and what areas life sciences companies with operations in the country should be focusing on.

Evolving Chinese tax collection and new challenges for life sciences enterprises

World Tax editor Jon Moore tells you everything you need to know to maximise your company and practitioner rankings for the World Tax 2025 rankings, exposing your work to its global audience of tax professionals at the world's largest corporations across all sectors.

The conversation will conclude with a live Q&A where the editor will answer any additional questions you may have that are not answered by the presentation.

Details of how to take part in our research can be found here: https://www.itrworldtax.com/Stub/Methodology

All the resources required to take part in our research can be found here: https://www.itrworldtax.com/Stub/Resources

World Tax 2025 Rankings - Your questions answered

Financial transactions transfer pricing (FTTP) has become a critical aspect of multinational enterprises' success in today's globalised business landscape. Join this free webinar to understand how to address the issue, based on expert analysis of the latest developments from the perspective of the international business hub of Luxembourg.

The webinar will cover the following key themes:
• How to effectively manage transfer pricing (TP) controversy – understand the common pitfalls and best practices;
• The latest TP controversy developments in Luxembourg – gain insights into intra-group financing, the evolution of requests from the Luxembourg tax authorities, and recent case law;
• Managing the FTTP life cycle – how to address the complexities of FTTP governance, including terms and conditions of financing arrangements; and 
• Controversy-ready TP documentation – understand how proper substance, governance, and monitoring can make controversy management easier.

The webinar will feature insights from the following experts at Deloitte Luxembourg, ITR’s Transfer Pricing Firm of the year in Luxembourg: Xavier Sotillos Jaime, partner and ITR World TP – Highly Regarded Practitioner; Iva Gyurova, transfer pricing director; and Karolina Ibranyi-Matkovits, transfer pricing manager. 

Privacy notice
By registering for the “Financial transactions transfer pricing in Luxembourg: a global perspective” webinar, you acknowledge that your personal data will be shared with Deloitte Tax and Consulting SaRL (‘Deloitte Luxembourg’), the co-organiser of the event. Your personal data will be processed by Deloitte Luxembourg in relation to products and/or services that may be of interest to you. ITR offers you the possibility to opt out from sharing your data, as described in its Privacy Policy. You may find more information about how Deloitte Luxembourg may process your personal data and how you can exercise your rights to that extent in its Privacy Statement.

Financial transactions transfer pricing in Luxembourg: a global perspective

Join ITR and Wolters Kluwer at 1pm BST on September 5 2023 for the presentation of a data management roadmap to address the challenges of BEPS pillar two. The webinar will be rebroadcast at 11am AEST on September 6.

Tax data collection has always been a challenge for corporate tax teams. There is a need to gather data from a variety of sources to ensure it is all in the right format, and make sure that it is collected in a way that facilitates the fulfilment of reporting requirements.

Collecting, extracting, and normalising data for tax provisioning and reporting is further complicated by the evolving corporate tax landscape. For corporations that expect to be impacted by BEPS pillar two, data management is anticipated to be the number one challenge; therefore, sourcing the underlying data required for BEPS pillar two calculations should be the top priority for pillar two readiness. 

In this webinar, Ryan da Rocha, a tax technology specialist at Wolters Kluwer, will guide you through a complete data management roadmap, including:
• Strategies for cross-functional engagement; 
• Building a sample data flow; 
• Calculations to support tax accounting disclosures and tax compliance; and 
• Technology to support effective data capture and management. 

A follow-up webinar on September 28 will demonstrate how the Wolters Kluwer CCH Integrator platform could offer a one-stop, integrated solution in tackling the data management challenge presented by pillar two.

About Wolters Kluwer
Wolters Kluwer is a global leader in software and knowledge solutions for corporate tax professionals. Used by major corporations in 80 countries, including 40% of the ASX Top 100 and the ‘big four’ globally, Wolters Kluwer CCH Integrator is a multi-award-winning global tax compliance and reporting platform that enables greater efficiencies, reduced risk, and deep data insights to stay ahead of the competition.

Navigating tax data collection: streamlining systems to meet evolving tax rules

Join ITR and insightsoftware at 1.30pm BST on July 18 2023 as they provide an update on BEPS 2.0 and explain why the transformation of tax processes is necessary to address the requirements of pillar two.

Register here for ITR and insightsoftware’s webinar on the data-related challenges that pillar two presents, and why it is essential to build a case for tax process transformation now.

BEPS pillar two is top of mind for most enterprise tax teams. Many have been keeping up with the regulatory changes and some have even started to identify what the impact might be for their organisation. However, most multinational organisations are still struggling with how to identify and extract the necessary data, how to manipulate and wrangle that data, and how to integrate it into a streamlined pillar two process.

In this webinar, insightsoftware, alongside leading tax professionals from KPMG, will discuss the business case for transforming your tax processes and systems to deliver what is required for pillar two, including:
• An update on the status of BEPS 2.0;
• The data challenges you will need to address;
• How BEPS 2.0 ties into the overall need for tax transformation; and
• Why you should build a business case now.

Kathryn Abate, senior product manager at insightsoftware, and guests from KPMG will address these key issues that tax teams are facing as they prepare for the implementation of BEPS pillar two.

Webinar: BEPS pillar two: why streamlining tax data management is essential

The rollout of the Pillar 2 GloBE minimum tax rules in 2023 is seeing steady progress, globally and in the Asia-Pacific region. While China has not, to-date, set out any formal plan on GloBE rule adoption, the general view is that this will happen in due course. 

Even prior to any application of the GloBE rules by China, businesses operating in China, both foreign and Chinese-owned, will see impacts from the GloBE rules. 

This webinar will cover several themes including: 

Impacts on typical corporate structures used in connection with Chinese operations;

Impacts on Chinese tax incentives;

Preparing for GloBE: accounting and data management; and

Adapting to post-GloBE reality: M&A considerations and restructuring.

The webinar will conclude with a Q&A session.

Rollout of BEPS 2.0 pillar two – considerations for companies operating in China

Join ITR and KPMG China at 10am BST (5pm China Standard Time) on April 27 as tax and tech experts discuss the digitialisation efficiencies businesses could achieve under China’s ambitious plans.

In 2021, the Chinese government issued ‘Opinions on Further Deepening the Reform of Tax Collection and Administration’, which set up the tax administration development blueprint for the next five years. The key objective of the blueprint is to build up the advanced 'intelligent taxation' tax supervision system via digital upgrading and intelligent transformation.

Specifically, the tax authorities would build up the Golden Tax project Phase IV, fully digitised E-invoices, the new generation of the Electronic Taxation Bureau and a risk decision-making platform, together with optimisation on Supervision and Administration mechanism to strengthen risk supervision and improve the  supervision’s accuracy and efficiency for the tax payers.

Against this backdrop, enterprises operating in China are facing increasing challenges and therefore advancing the digital transformation of their tax management.

To help enterprises address these challenges, the KPMG Tax Technology Client Solutions (TTCS) team has self-developed a tax system named KPMG KeyTax Platform (Key Tax) and built a comprehensive solution via KeyTax together with our ability on tax advisory and product design to help the clients advance tax digital transformation.

In this session, KPMG experts will share their insights on KeyTax and tax digitalisation developments and how to help enterprises promote their tax digitalisation.

Webinar: Tax management digitalisation challenges for enterprises in China

Join ITR and Thomson Reuters at 9am GMT (8pm Australian Eastern Daylight Time, 2.30pm India Standard Time, and 5pm Singapore Standard Time) on February 23 as industry experts discuss the wide-ranging efficiencies that can be achieved by automating and centralising financial processes through a single global hub.

The centralisation of tax and financial compliance is key to increasing data quality, cost efficiency, and corporate governance. However, multinational corporations often rely on in-country specialists to fulfil statutory financial reporting and indirect tax compliance processes. Information on these decentralised activities is often stored locally in different formats, languages, and systems. The end result is laborious manual processes, time-consuming and costly audits, and penalties for regulatory filing delays. 
 
These challenges present a huge opportunity for shared service centres (SSCs), centres of excellence (COEs), and global capability centres (GCCs) to streamline their indirect tax and statutory reporting processes. 

In this complimentary webinar co-hosted by ITR and Thomson Reuters, industry experts will discuss the wide-ranging efficiencies and strategic business benefits that can be achieved by automating and centralising financial processes through a single global hub. 
 
Join us on February 23 2023 to learn: 
• How the centralisation of knowledge-based indirect tax and statutory reporting compliance can deliver measurable cost savings, strengthened managerial oversight, improved risk management, and valuable business insights; and 
• How expert technology that leverages the expertise of accounting firms can transform global financial compliance and support business growth plans. 
 
Sign up now for this expert webinar to learn how centralisation can supercharge your firm’s tax and financial compliance.

Webinar: Supercharge your tax and financial compliance through centralisation

World Tax editor Jon Moore tells you everything you need to know to maximise your company and practitioner rankings for the World Tax 2024 rankings, exposing your work to its global audience of tax professionals at the world's largest corporations across all sectors.

The conversation will conclude with a live Q&A where the editor will answer any additional questions you may have that are not answered by the presentation. 

What to expect:  
• Introduction to the 'three pillars' of the World Tax research process
• What information are our researchers looking for?
• What details can and should you include in your submission?
• What makes a great submission?
• Q&A

World Tax 2024 - Your questions answered

Join ITR and TMF Group’s tax experts at 2pm CET (1pm GMT) on November 15 as they discuss how finance leaders are increasingly faced with doing more with less, and how CFOs should adapt.

Business complexities around the world can frustrate finance centralisation plans. This webinar will provide real-life examples on how local complexities might hinder finance transformation and centralisation ambitions. There will also be practical hints on how to handle those complexities.

Webinar: Finance centralisation – How to handle global business complexities

Join Peter Boerhof, the VAT director of Vertex, in a fireside chat with ITR at 10am GMT on November 10 to discuss how to manage the tax complexities of cross-border sales.

In the midst of growing economic uncertainty, businesses are continuing to diversify their e-commerce offerings, exploring new territories to sell to and new routes to market.

But as businesses look to exploit these opportunities, they are exposing themselves to potential indirect tax implications. To remain tax compliant, and foster the frictionless experience customers expect, businesses trading online need to manage tax complexities at every stage.

In this fireside chat from Vertex’s VAT director, Peter Boerhof, he will share the findings from a recent Vertex survey of 730 tax and finance decision makers, all from businesses making online cross-border sales. The research looked to reveal how indirect tax complexities are hampering these businesses’ ability to grow.

The discussion will include:

Why indirect tax solutions need to be at the forefront of your e-commerce growth strategy;
How to create a vision for tax success, and why good planning is a necessity; and
How to find the right solution that will give you greater tax certainty and lower your audit risk.

Turning indirect tax from a growth inhibitor to an enabler

Join ITR and KPMG China at 10am BST on October 19 as they discuss the personal, employment, and corporate tax-related implications of employees working from overseas.

Webinar: Navigating the risks and opportunities of remote working

Join ITR and Thomson Reuters at 2pm (UAE) / 11am (UK) on October 13 as they discuss how businesses can prepare for Tax Administration 3.0 and future-proof against changes such as e-invoicing and increasing digitisation.

Webinar: The Future of Tax Reporting

Join ITR and insightsoftware at 3pm BST on September 28 as they discuss the OECD BEPS 2.0 Pillar Two legislation, the implications for multinational tax teams, and how to minimise risk and prepare for compliance.
Register here for ITR and insightsoftware’s webinar on assessing the implications of Pillar Two and planning your next steps.
Join Kathryn Abate, Senior Product Manager, to hear about the practical consequences of Pillar Two, and to have your most pressing questions answered. 
Constantly changing tax reporting requirements have been the norm for tax teams for quite some time. However, Pillar Two, when it comes, will introduce substantial new complexities into the tax compliance, reporting and forecasting processes. 

The implications for forecasting, corporate structuring, transfer pricing decisions, reporting processes, and the use of tax technology will be significant. 

Tax teams that have previously relied on spreadsheets or a disjointed set of software tools to support their tax reporting and forecasting will soon find it difficult to manage these complex models. The companies that are learning how to incorporate Pillar Two into their existing tax reporting and forecasting processes, making adjustments as needed, are ahead of the curve. 

Join us on this webinar to hear insightsoftware’s Kathryn Abate, Senior Product Manager, address your questions around how to modernise and streamline your tax reporting and forecasting, while creating capacity for the introduction of Pillar Two. Questions covered will include: 

• How to achieve a single source of truth and quickly compare actual figures against forecast data;
• Why increased collaboration and planning will be critical for future success;
• How Pillar Two impacts strategic tax reporting and forecasting; and 
• The role of technology in preparing for and complying with Pillar Two requirements. 
Register here for the webinar on September 28.

Pillar Two – Assessing the implications and planning your next steps

Join ITR and TMF Group’s tax experts at 2pm BST on August 17 as they discuss trends towards global alignment, stricter governance, and increasing digitalisation – and how tax teams can achieve success in this environment.

Global tax trends indicate a mixture of good and bad news for tax teams, creating an environment in which risk and opportunity sit side-by-side. This is according to research by TMF Group, published in its Global Business Complexity Index (GBCI) 2022. 
Tax authorities are becoming stricter: the percentage of jurisdictions that allow companies to voluntarily correct their tax returns without receiving a fine has decreased since 2020. Authorities are also making use of big data to target companies deemed to be high-risk.
However, jurisdictions are increasingly bringing their tax policies into alignment, which creates opportunities for efficiency. Authorities are also displaying a desire to work with and support companies. While 27% of jurisdictions reported that no notice was needed before a tax audit in 2020, this has dropped to 19% in 2022.
In this mixed environment, tax teams should keep on top of the changes, and the risks and opportunities they bring, to protect and advance their company. 
Join TMF Group’s tax experts for advice on how to find success in a climate of growing global alignment, stricter governance, and increased digitalisation.

Speakers: Emine Constantin, Global solutions director, Accounting and Tax (EMEA), Maja Mandela, Head of Accounting and Tax (CEE), Aphro Hong, Associate Director and Market Practice Leader, Accounting and Tax (China and Taiwan), Vitor Benetti, Senior manager, Accounting and Tax, TMF Group. 
Moderator: Alice Jones, Commercial Editor, ITR

Global tax transformation – Three rising trends CFOs should know about

ITR and Vertex will host a webinar to explore the challenges facing online sellers and marketplaces after COVID-19, and to discuss ways to improve indirect tax efficiency and compliance.

Join our experts, Jordi Sol, senior manager of international tax innovation at Taxamo (a Vertex Inc company), and Anitha Chakravarthi, global head of indirect tax and tax technology at Ebay, to discuss topics including:

Sellers vs marketplaces
Not all marketplaces provide the level of support with tax compliance that sellers are looking for. In a competitive landscape, marketplaces need to adapt their offering to meet the demands of their clients. This is particularly important as tax authorities impose increasingly stringent data requirements.

Removing marketplace friction
Which issues are causing obstacles to marketplace business success? Marketplace growth, in particular, can be hindered by indirect tax complexity. Anitha and Jordi will discuss the tax challenges for marketplaces and how to tackle them.

Delivering for customers
Both marketplaces and sellers have the same ultimate goal: to deliver what the end customer wants. However, tax can get in the way of achieving this. Anitha will share how using technology and working collaboratively with sellers can help a marketplace reach its potential.

Indirect tax changes
Setting the challenges to marketplaces and sellers in the wider landscape of indirect tax changes, Anitha and Jordi will discuss the vast changes that have happened – and are still happening – in the regulatory landscape.

Increasing reporting requirements such as e-invoicing and continuous transaction controls (CTCs) are just some of the changes that indirect tax teams should be keeping an eye on.

Tax technology options 
In an increasingly digital world, where tax authorities are requiring increasing access to accurate near-real-time data, tax technology in some form is the only way to manage compliance.

Marketplaces and sellers- Navigating the cross-border tax journey

ITR and Thomson Reuters will host a webinar on June 23 at 4pm Singapore time/1.30pm India time/9am UK time to explore current and future developments impacting tax departments in India and Southeast Asia.

Against a backdrop of skills shortages, regime changes and ongoing digital transformation, what can today’s tax teams do to get ahead of change, challenges and risk?  

Join Piyus Vallabh from Deloitte, Sunil Dhareshwar from Infosys Ltd and Karan Batra from Thomson Reuters who will discuss the approaches tax departments are taking to manage various tax determination and compliance processes.

What lies ahead for India and Southeast Asia’s tax departments?

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