India Budget 2009: Managing the Tax Expectations

Hosted by ITR and TMF Group, the live webinar will take place on June 30 at 1pm BST (2pm CEST).

The paradigm shift in our current economic climate calls for the digitalisation of tax administration. The digitalisation agenda of tax authorities will be advancing over the next few years and pressure mounts on businesses implementing ERP systems. The right configuration of ERP systems is more crucial than ever.

TMF Group's Head of Global Accounting and Tax Consultancy, Csaba Farkas, will discuss the current digitalisation trends and the ERP configuration challenges ahead such as local accounting and tax compliance issues as well as the race for talents skilled in ERP localisation.

Join ITR and TMF Group on June 30th at 1pm BST to learn more about the digitalisation of tax administration and its impact on ERP configuration.

In the last few years, professionals in different fields have seen the impact of emerging technologies their everyday professional and personal lives. Tax is no exception. A few years ago, nobody imagined that processes around finance and taxation could be digitalized and automated. Although it has been one of the last finance department areas to experience the impact of the Internet of Things, it is now a priority for multinational companies to fully digitize compliance and administration processes. In this webinar, we would like to address this topic in the context of OECD Tax Administration 3.0.

Key points for discussion will include:

- The data challenge and what can we do about it
- Technology available possibilities and limitations

As increasing numbers of tax authorities around the world introduce new reporting obligations, businesses are under growing pressure to stay compliant with the complex requirements and change. As a result, technology is becoming ever more critical to the tax function as teams are asked to do more with less, centralise activities, require more and better data, and drive value from tax data.

This webinar will offer you practical insights as to how you can leverage technology and enabling your team to become truly strategic / to do more than just deliver the numbers…

- Examining the accelerated need and benefit for digital transformation, across tax and compliance to reduce risk, cost and exposure
- Building a business case to ensure your tax department gets a seat at the table
- Recruiting the right people for the job
- Practical steps/considerations for implementation
- What is on the horizon for tax automation?

In association with Vertex Inc, the live webinar will take place on June 22 at 2pm BST (3pm CEST / 9am EDT).

Given today’s trends of real time reporting, authorities increasingly require more granular data when filing reports – and there is a real need to collate, validate and submit accurate information in the right format.

A manual spreadsheet-based approach to preparing VAT/GST filings is labour-intensive, with an increased chance of errors, missed deadlines and potential penalties. Likewise, companies who manage VAT/GST compliance manually in-house face growing costs to keep up with the changing compliance requirements. There could be a tailor-made solution.

Join Vertex Inc’s Ellen Van Daal and Thermo Fisher Scientific's Daan Jansen on a webinar to learn more about:

(1) How global businesses can automate their compliance processes using tax technology;
(2) How Vertex VAT Cloud Compliance solution can help analyse, validate and transform your data into actual electronic submission to the tax authorities; and to
(3) View a live demo of the solution.

The 1-hour webinar at 2pm BST (3pm CEST / 9am EDT) will be moderated by ITR’s Prin Shasiharan. The webinar will be followed by a Q&A session.

Many multinational corporations are faced with new challenges as they globalise their tax and global trade operations. The demands for transparency and timely responses are steadily increasing, driven by the efforts of governments to expand their tax base. Increasing regulations (HMRC's Making Tax Digital) and the need urgency to maintain and if possible reduce costs are constant struggles that every corporation faces — and the tax department can feel this firsthand. Senior leadership may now demand a greater level of visibility into their worldwide tax operations with so much at stake.

Any investment your business is about to make in tax technology to meet any new or changing regulatory requirements has never been more significant or critical. Without the right resources in place, you can expect your already stretched finance and tax department's workload to increase as they try to operate in the evolving tax landscape.

With increased compliance requirements, spreadsheets can potentially increase costs and certainly increase risk. With some businesses looking to relieve the pressure by outsourcing to accounting firms to review data which, in turn, means the process takes longer. Ultimately, using Excel is not an efficient or effective way for your tax team to work.

Additionally, organisations outsourcing tax compliance to an external service provider do not transfer all the risks to agents preparing the returns. Additionally, any underlying invoice processing or transactional inaccuracies could lead to a lack of control and create challenges to collect and analyse the data when needed at short notice in the future. Organisations might find it hard to escape from audits or financial penalties, which will adversely impact your company's risk rating with the tax authorities.

Hosted by ITR and KPMG China, the live webinar will take place on May 27 at 10am London time (5pm Beijing time).

China started to pilot electronic tax invoices for B2C transactions as far back as 2013 and has made significant progress in the meantime. Recently, China announced a nationwide rollout of electronic invoices to B2B transactions starting from 2021 and to be completed by 2025. Therefore, electronic and paper invoices will circulate in parallel for the next three to four years.

Electronic invoices are expected to create both cost saving opportunities for businesses through a reduction in manual invoicing processes, and allow businesses to accelerate the digital transformation of their business-finance-tax ecosystems.

In parallel, ever more large enterprises are digitalising their tax risk management. Enterprise tax digitalisation involves the integration of invoice management, tax compliance, tax management reporting and tax risk monitoring, and requires comprehensive tax knowledge and complex analytical procedures.

In response to the needs of enterprises, KPMG has specially gathered experts in tax, management consulting, IT advisory and other aspects to set up a ‘tax transformation services’ team to support customers on their path to vastly improved tax risk management.

In this session, KPMG experts will share their insights on China e-invoice and tax digitalisation developments, and how to get ready for the resulting business transformation.

Hosted by ITR and TMF Group, the live webinar will take place on March 24 at 2pm GMT (3pm CET / 10am EDT).

Companies who are looking to consolidate and centralise their finance and accounting functions typically have in mind a few goals such as process standardisation and efficiency, cost savings, and more relevant business insight. While the benefits are many, there are also challenges that need to be considered and addressed. One of the most common challenges refers to the management of local compliance requirements. While certain knowledge can be centralised, the local expertise cannot be built and maintained centrally.

Setting up shared service centres (SSCs) can help companies save money and operate more effectively. However, the pros should also be weighed against the cons.

Join Emine Constantin, global head of accounting and tax at TMF Group, to learn more about the pros and cons of moving to a shared service centre environment.

COVID-19 has devastated the global economy. Countries are still managing this fallout and many are feeling the consequences of the downward pressure on tax revenues alongside the jump in emergency spending.

Tax payers and businesses alike should therefore prepare for ongoing tax policy changes in 2021. Governments will focus on unwinding crisis relief measures, removing tax exemptions, and introducing digital and environmental taxes.

Attend this interactive webinar and hear how you should be preparing for the changing regulations and deadlines.

Understand the measures you need to take to support your business using technology during these unprecedented times, and the steps to drive efficiencies.

Join editor Jon Moore for this exclusive webinar to learn more about the research process for World Tax and World Transfer Pricing 2022.

What to expect:

1. Preview of the 2022 questionnaire.
2. Research guidelines / timelines for surveys and interviews.
3. How firms are selected / ranked.
4. Best practice for completing submissions and client lists.
6. Q&A

Juan Frers, director of the Worldwide TaxNet, discusses the new laws coming into effect in various countries across the Latin America region, offering practical insight for technology companies and the advisors who serve them.

ITR hosted a live webinar, along with Dhruva Advisors and Taxsutra, on Monday, February 1 to analyse the implications of the tax proposals in India’s 2021 budget.

ITR and Vertex Inc will host a live webinar on Tuesday, December 8 to discuss a business case for a tax engine.

In the first two webinars, ITR and Vertex discuss the benefits of a tax engine and the subsequent tax and IT consequences of the developments.

In the final webinar, we will bring the plan to the C-suite. How do you convince the CFO that a tax engine is the best solution from both an IT and a tax perspective?

After this webinar, you will have insights in to the financial costs and benefits that you would need to build a business case.

Listen to our panel comprising of HMRC, TR and tax payers about their journeys and learning curves with legislation and technology.

- TR perspective
- HMRC latest updates
- Customer journey to-date
- Lessons so far

The Covid 19 crisis has impacted businesses in several respects: in many cases with the reduction of their profitability, changes in the working conditions of their management and teams via the use of digital tools or negotiation of financing to overcome the crisis.

Now multinational groups may need to consider a restructuring of their operations (taking into account relocation opportunities) and a review of their transfer pricing policy, a better identification of the places where the management or activity is performed or a refinancing of their operations.

Besides, in the near future, many new or potential rules are expected to modify the taxation of the digital industry (and could possibly affect other industries).

This webinar will address these post-Covid 19 tax challenges and, in particular, discuss the following:

1.Corporate tax challenges in the context of business restructurings / reorganizations:

Use of tax losses by reorganizing the group
Transfer tax issues
Nexus approach and IP utilization

2.Transfer pricing aspects 2021:

Remuneration of routine entities
Transfer and remuneration of intangible assets
Inter-company financing

3.Potential impact of home office on the places of management or establishments of multinational groups:

OECD analysis proposed in April 2020
Applicability in 2021?
Will the concepts of permanent establishments and effective place of management survive to the sanitary crisis ?

4.New tax environment for the digital industry:

Update on the works at OECD level
Implementation of a digital services tax in a number of countries
Potential new obligations imposed by DAC 7 on digital platforms

Kate Barton, EY global vice chair – tax, introduces the 10th annual EY Young Tax Professional of the Year competition.

ITR and Vertex Inc will host a live webinar on Thursday, November 12 to discuss the limitations of tax within SAP S/4 HANA and reveal more about the Vertex tax engine

When it comes to selecting the correct solution provider, the tax aspect would invoke specific business requirements and the IT aspect will entail consideration of certain technical requirements.

At first sight, many solution providers may appear to provide similar results but the devil is in the detail. What is real and what are perceptions?

In this webinar, speakers from Vertex will provide detailed insights into the benefits of implementing a tax engine so you can select the best solution for your business.

Join our webinar on November 12 to learn about the limitations of tax within SAP S/4 HANA and discover how the Vertex tax engine can help improve your company’s tax processes.

In association with KPMG China, ITR will host a live webinar on October 21 at 9am GMT / 10am BST / 5pm CST.

Multinational enterprises (MNEs) have had much to consider for their tax functions in 2020, amid widespread economic and digital change.

China, the world’s second largest economy, has observed a trend of increasing business restructuring. MNEs have actively sought to re-align their China operations with their group’s value chain transformation.

Register to listen to Patrick Lu, partner of KPMG global transfer pricing services, shed light on how MNEs could further improve operational and tax efficiency via value chain re-imagination.

The 60-minute webinar will be moderated by ITR's Prin Shasiharan. The webinar will be followed by a Q&A session.

ITR and Vertex Inc will host a live webinar at 3pm CET / 2pm BST / 9am EST on Tuesday, October 20 to discuss the advantages of tax automation in SAP S/4 HANA, and discover how to improve accuracy and efficiency across your tax and IT processes.

The migration to SAP S/4 HANA provides a unique optimisation opportunity for both tax and IT but also a range of challenges. A problem shared is a problem halved.

For IT, when considering work across multiple jurisdictions, product groups and frequent changes in legislation, there is a challenge to maintain the numerous tax customisations and condition records when rebuilding these in SAP S/4 HANA, where there would be a more effective solution.

For tax, the migration provides a unique opportunity to regain control over indirect tax processes and harmonise settings, controls and processes globally.

The solution could be to add a Vertex tax engine. But how do tax and IT work together towards this solution?

Join our webinar at 3pm CET / 2pm BST / 9am EST on October 20 to learn more about the advantages of tax automation in SAP S/4 HANA, and on how to improve accuracy and efficiency across your tax and IT processes.

As the Brexit transition period comes to an end within just a few months' time, what chance is there of a trade deal being struck? What will it look like, and will it be meaningful?

Topics to be discussed:
+ Progress on negotiations
+ What has the UK's HMRC already put in place for VAT and customs?
+ What is the EU doing?
+ What are the 10-planning points any business selling goods should take care of?