Transfer pricing issues surrounding marketing intangibles - Indian perspective

The finance minister of India, Mr. Arun Jaitley, will be presenting India Union Budget 2017-18 on 1st February. International Tax Review along with Dhruva Advisors LLP is pleased to invite you to a webinar where the implication and impact of the direct and indirect tax proposals in the budget will be discussed.

Looking at the importance of efficiently managing your global transfer pricing documentation requirements, we will look at the different types of documentation such as master file/local file and country-by-country and look at managing the requirements in practice. TMF Group's Global Head of Compliance and Strategic Regulatory Services, Leila Szwarc will welcome guest speakers from DLA Piper who will look in depth at select countries including the Netherlands, Spain, Germany and Hong Kong sharing information on a few key deadlines.

We will find out this Monday, when he presents the Union Budget for the year 2016-2017, if the Indian finance minister will unveil some big bang measures on the economic and tax front to provide much needed impetus to Indian growth story or whether the government’s incremental approach will continue.

Dhruva Advisors LLP is partnering with International Tax Review to present a webinar on the day of the Indian Budget 2016-17, where our experts will discuss the budget proposals and analyse its key implications.

ITR introduce TMF Group's Global Head of Capital Markets & SPV, Jeroen van Zanten and guest speakers, Joel Cooper and Randall Fox of DLA Piper, to elaborate on the most recent developments, on a global scale, of country-by-country reporting requirements; taking the opportunity to share a deeper insight into the specific requirements laid out for highly-impacted jurisdictions.

Managing VAT and excise tax in the current environment is time consuming, costly, and subject to frequently changing mandates. Recent Aberdeen Group research uncovered key strategies that top performing organisations utilize to ensure compliant processes and accurate reports at a lower cost. Learn secrets of leaders that make tax calculation and returns look easy.

You will learn about the:

-Complexity of regulatory change around tax rates and rules
-Difficulty of achieving accurate calculations
-Value of reliable reporting for decision-makers
-Importance of proper audit preparedness
-Benefits of software solutions that automate accuracy and compliance

The Indian Budget 2015 will be the first opportunity for Prime Minister Narendra Modi and his government to set out in detail how it hopes to create more tax-friendly conditions for investors. Many questions need clarification: Will the GAAR start on schedule? What favourable changes can be made to the direct tax regime to encourage investment? What are the implementation plans for GST and when are they likely to happen? Let Dhruva Advisors and DhruvaVox take you through the main points of the announcement and help you find the answers to these and other issues.

The Indian Budget 2015 will be the first opportunity for Prime Minister Narendra Modi and his government to set out in detail how it hopes to create more tax-friendly conditions for investors. Many questions need clarification: Will the GAAR start on schedule? What favourable changes can be made to the direct tax regime to encourage investment? What are the implementation plans for GST and when are they likely to happen? Let Dhruva Advisors and DhruvaVox take you through the main points of the announcement and help you find the answers to these and other issues.

Topic title – VAT reforms in China – how do the recent and proposed changes impact on multinational companies
“The first phase of the VAT pilot program was implemented nationwide in mainland China on 1 August 2013. In this web seminar, we take a look at the key impacts for multinational companies doing business in, or with China. We also look at the future phases of the VAT pilot program and what it will mean for businesses in key sectors including financial services, insurance, real estate and construction. We will examine the impact the transition to VAT will have on pricing, overall indirect tax liabilities, changes to contracts, invoicing and IT systems and processes.”

With ever increasing pressures to seek efficiencies in day-to-day processes and increase time for planning and analysis, tax is looking to automate with tax technology. Imperial Tobacco worked with Longview Tax to implement a global data consolidation and reporting solution many years ago and continue to use it today. Learn about the technology, the implementation and the best practices for designing and implementing a solution.

Navigating Change: The Dynamic Environment for Intellectual Property Planning in association with Deloitte

In the light of the announcements such as the Shome recommendations on GAAR, indirect transfers for bringing stability to taxation and an increased need for fiscal consolidation, expectations are high that the upcoming budget will be a positive, but responsible budget with fair and stable provisions.
To find out whether India continues to be an attractive investment jurisdiction and how the provisions may impact global investors, join our expert panellists Rajendra Nayak and Heetesh Veera, Tax Partners Ernst & Young for this web seminar on budget day .

Please join this special ITR Webcast to gather key transfer pricing insights specific to the Oil and Gas Industry value chain. This dynamic presentation, led by Deloitte Tax LLP’s National Transfer Pricing Leaders of its Oil & Gas Industry, will cover three core areas:
•A primer on the O&G industry segments (e.g. upstream, mid-stream, etc.), transfer pricing fundamentals, and transfer pricing issues specific to the O&G industry to broaden the general knowledge base of international tax and transfer pricing professionals
•The rapidly expanding global shale/tight oil and shale gas play and highlight some of the transfer pricing issues inherent in these cross-border investments of oil companies.
•Transfer pricing considerations of intragroup financing that highlights the challenges of pricing cross-border loans in this capital intensive industry.
Given the complexity and variety of tax issues within this industry, this presentation should be the starting point rather than the finish line for all of your O&G Industry transfer pricing inquiries.

While many multinational corporations (MNCs) have informed, well-supported transfer pricing policies and tax compliance documentation, they are often challenged with the day-to-day financial implementation of their transfer pricing policy. Failure to properly address this challenge can result in large year-end adjustments, process inefficiencies and increased tax costs. With increased scrutiny and tighter transfer pricing regulations expected in 2013, how can MNCs efficiently manage their day-to-day transfer pricing implementation, increase pricing transparency, and ensure accounting integrity for their intercompany pricing year round?

In this webcast, Thomson Reuters and Ford Motor Company transfer pricing experts will discuss these issues and provide best practice approaches to minimise risk and maximise tax savings in 2013. This informative session will cover:

• Current challenges and trends in global transfer pricing
• Best practices to effectively implement, monitor, and adjust intercompany prices year round and avoid large year-end true-ups
• Leveraging technology to automate and streamline the transfer pricing process
• The Ford Motor Company implementation success story

What if the unthinkable happened and one or more countries left the Eurozone?

Join us as we trace the footsteps of three hypothetical multinationals, who illustrate very different attitudes toward Euro exit contingency planning and are in different states of 'preparedness.' We will examine the potential impact on their supply chains, financial and legal structure and resulting tax consequences.

By comparing and contrasting their experiences, we expect to learn some key lessons and actions tax directors could undertake now to avoid expensive tax mistakes in the future.

Our moderator, David Gill, will chair the discussion between a panel of Ernst & Young professionals. Helmar Klink and Spyros Kaminaris will look at international tax implications; Craig Mitchell will focus on the supply chain; Mark Minihane will examine the treasury implications, and Cornelius Grossman will look at the legal perspective.
Presenters:
David Gill, Ernst & Young LLP (UK)
Helmar Klink (Ernst & Young Belastingadviseurs)
Spyros Kaminaris (Ernst & Young Business Advisory Solutions S.A)
Craig Mitchell (Ernst & Young AG)
Mark Minihane, Ernst & Young LLP(UK)
Cornelius Grossman, Ernst & Young GmbH Wpg

A proactive approach to managing global transfer pricing disputes can enhance both efficiency and effectiveness. Many countries are therefore adopting advance pricing agreements (APA) programs as a way of addressing evolving transfer pricing issues worldwide — as of July 2012, more than 30 countries allow APAs.
One jurisdiction with the highest rate of transfer pricing litigation activity is India, where a high proportion of taxpayers rely on litigation for resolution of disputes. One obvious reason for this could be the absence of an APA program in India under the current tax law. Realising the severity of the issue, an APA program has been implemented through the last budget amendments.
The webcast will be discussing on APA process, best practices in framing an APA mechanism and update on the recent development in India

The Finance Bill 2012 reinvented the law on service tax by introducing the concept of Negative List Taxation. This proposed amendment, will have a deep impact on service transactions. The concept will cover all services (unless specifically excluded), thereby making most service providers liable to service tax. This new scheme has thrown up a range of new issues, which every business (whether a manufacturer, a service provider or a trader) will need to deal with. And the introduction of the Negative List, before the introduction of GST, leads to significant gaps in relation to generation and use of tax credits. This anomaly will, doubtless, add to the real indirect tax cost of transactions in India.

This webinar is aimed at familiarising taxpayers with the new scheme and to highlight various issues and potential challenges that companies may face the future.

The Indian Budget announcement on March 16 provides an opportunity for the government to give clarity to domestic and international taxpayers on a range of key policies, such as the progress of direct and indirect tax reform. Will the Direct Taxes Code still be implemented from April 1 this year? Or will the government postpone it but extract key provisions such as advance pricing agreements and place of effective management and put them in place now? And what is the government’s thinking on the Supreme Court’s Vodafone decision? Will it introduce legislation to tax similar transactions?

In this web seminar, Ernst & Young specialists and guests will give the insight you need on these issues and the others that will arise in the budget announcement.

Speakers from Ernst & Young India will be joined by Dr. D.K. Srivastava, Director, Madras School of Economics, Chennai

The Supreme Court, the apex court of India, has given its judgment in the Vodafone case covering the taxability of offshore transactions when shares of an overseas company directly or indirectly holding shares of/interests in an Indian company are transferred.

This web seminar will analyse the key points that taxpayers should take from the decision, discuss the effect of the ruling on similar situations in dispute at the moment and highlight the options for companies faced with decisions about these sorts of transactions in the future.

The web seminar will be followed by a Q&A where you will have the opportunity to ask questions of leading Indian tax specialists who deal with these issues every day.

It is uniformly accepted that transfer pricing in India is becoming more and more complex. The tax authorities there often take stands on transfer pricing treatment, especially of marketing intangibles, that are diverse and aggressive, compared to jurisdictions in other parts of Asia and the rest of the world.
In this webinar, experts from Economic Laws Practice and their guests from international law and consulting firms in the US, UK and the Netherlands will discuss some of the recent judicial rulings on marketing intangibles in India and best practice approaches that can be adopted by taxpayers.

Speakers include: Rohan Shah ELP, Ajit Tolani ELP, Marc Levey Baker & McKenzie, Murray Clayson Freshfields Bruckhause Deringer, Steef Huibregtse Transfer Pricing Associates, Steven Carey Transfer Pricing Associates