Name: How to overcome the common tax pitfalls of carve-outs
Start: 2020-07-16T12:30:00Z
End: 2020-07-16T12:30:46.000Z
Location: BrightTALK
Rating: 5

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

During this period of economic uncertainty and market volatility, the valuation of Chinese-based portfolios has experienced a significant decline and the IPO process has also slowed down dramatically, which leads to a negative impact on the investment return. Meanwhile, the tax calculation for indirect share transfers can be complicated, with high uncertainty and controversy in practice due to a lack of clear guidance under the prevailing tax rules in the People’s Republic of China (PRC). 

In this context, international investors have an even higher expectation and need than ever before regarding the reasonableness of the tax treatment of PRC indirect share transfers. It is therefore essential to minimise the tax burden during a downturn of valuations, so as to enhance the investment return.

In this webinar, Milano Fang and Tim Zeng, M&A tax partners at KPMG China, will discuss the PRC’s prevailing tax treatment of, and calculations for, indirect share transfers and the major causes of an unreasonable tax burden. They will also share their observations on typical market practice and insights on a potential breakthrough via a modification to the calculation method, with the aim of rationalising the tax burden. 

The free webinar offers the opportunity to raise questions for the speakers on the taxation of indirect share transfers in the PRC. Sign up today.

PRC indirect share transfers: tax burden rationalisation in a valuation downturn

As pillar two becomes a reality, is your tax team set up with accurate financial forecast data to tackle the challenges of interim reporting and long-range forecasts? Are you confident your organisation’s country-by-country (CbC) reports can be generated quickly to support the pillar two safe harbour tests, and that they will be qualified and auditable?  

Disconnected systems and manual processes compromise data integrity and waste valuable time. Organisations should tackle the complexities of CBC reporting and tax forecasting with robust, quality data within a single source of truth, calculated and presented in a solution built for automation and compliance.  

In a webinar on March 20, these issues will be explored in depth by insightsoftware, a global provider of reporting, analytics, and performance management solutions in the tax and finance field.

Kathryn Abate, senior product manager at insightsoftware, and Ben Candy, an associate director in Deloitte’s tax technology consulting practice, will discuss: 
• The challenge of producing detailed, auditable CbC reporting data; 
• Process improvement around CbC reporting to produce qualified reports quickly; 
• The lack of forecast financial data suitable for tax; 
• Options for efficiently generating suitable forecast data based on prior-year data, more high-level information, trends, and knowledge of the business; and
• Simplifying and automating the interim and long-range forecast. 

The webinar aims to assist tax, finance, and IT professionals across a diverse range of industries and job titles, including financial analysts, compliance officers, C-suite executives, and anyone involved in tax planning and reporting.

Don't miss this opportunity to equip yourself with the knowledge and strategies needed to manage the complexities of tax forecasting and CbC reporting in light of pillar two. Register now for a webinar that will help you to navigate the challenges with confidence and efficiency.

Tax forecasting and CbC reporting: navigating challenges in light of pillar two

Are you trying to navigate the complex landscape of e-invoicing regulations across different jurisdictions? Are you keen to adopt strategies that leverage technology and collaboration to streamline your invoicing processes? If so, this webinar is designed to assist you.

Strategies and scalability: building today for tomorrow’s success
EY will shed light on strategies to assist with varying e-invoicing requirements and the implementation of legislative developments. This will help to equip you with the knowledge and tools necessary to grasp e-invoicing globally.

The webinar will explain how technology can drive efficiencies in e-invoicing processes and help to ensure compliance with the various requirements.

Collaboration is also key to keeping pace with the rapidly evolving world of global e-invoicing. Learn how fostering collaboration within an organisation and with external partners can help to fulfil e-invoicing requirements. 

E-invoicing challenges: spotlight on global and regional considerations

EY will share insights about how different jurisdictions are addressing e-invoicing requirements, and the moving timelines globally.

An opportunity to hear from EY – a global perspective

The webinar will offer valuable information for tax and finance professionals, compliance officers, and business leaders who are looking to stay on top of the latest developments in the dynamic world of global e-invoicing. The following senior tax professionals at EY will be sharing their insights:
• Georgiana Iancu, partner, indirect tax, at Ernst & Young Service S.r.l.;
• Chiu Ming Man, partner, tax EMEIA FS, at Ernst & Young LLP; and 
• Julian Wong, partner, tax, at Ernst & Young Tax Consultants Sdn Bhd.

There will be opportunities to raise questions during this webinar.

Grasping global e-invoicing: strategies, scalability, and compliance

Since EU finance ministers reached broad agreement on the VAT in the Digital Age (ViDA) proposals at the Economic and Financial Affairs Council in June 2023, there have been months of discussions and changes at EU level on the implementation dates and scope of the ViDA reforms and e-invoicing.

The failure to agree a way forward is causing unrest for tax authorities and companies as they attempt to prepare for the implementation of new legislative agreements. The discussions revolve around the three pillars of reform under the ViDA proposals:
• VAT reporting obligations and e-invoicing;
• VAT treatment of the platform economy; and
• Single EU VAT registration.

In an exclusive webinar held in partnership with Vertex, the tax compliance solutions provider, the following insights will be provided by Gunjan Tripathi, director of solutions marketing at Vertex: 
• Updates on the progress of the ViDA reforms;
• An assessment of the impact of delays on digital reporting requirements and e-invoicing; and
• A summary of the latest legislative changes concerning e-invoicing.

The webinar aims to assist tax, finance, and IT professionals across a diverse range of industries and job titles, from security software to healthcare, and from manufacturing to streaming services.

There will be a Q&A session after a presentation of approximately half an hour, with the opportunity to raise questions throughout the webinar.

Don't miss the opportunity to hear about the latest legislative updates in the evolving landscape of European e-invoicing. Sign up now for the webinar and help to empower your organisation with the knowledge necessary to navigate the complexities of the ViDA reforms.

European e-invoicing 101: essential updates on the ViDA proposals

Given the persistent and far-reaching impact of the decoupling and geopolitical tensions between the US and China, businesses are encountering multifarious and formidable challenges of an unprecedented nature. These include tightening export control measures, mass sanction designations, and other national security-related restrictive measures. Also, the Chinese government has been updating and reinforcing its export control and sanction regimes to safeguard its own national security.

In light of the current trends, it is beneficial for industry practitioners, particularly multinational corporations, to carefully review their business operations to identify any potential areas for improvement. This can help them to address any compliance and supply chain issues that may arise, while also ensuring that they remain compliant with any applicable export control and sanction regulations.

In this webinar on January 25, Harry Zhang, a partner at KPMG China, will discuss China's new export control and sanction policies, and share his perspective on the latest US sanctions against China.

The presentation will include cases that demonstrate common compliance and risk control errors that businesses might face. The objective is to ensure that companies remain in line with applicable regulations and standards, while reducing their exposure to risk.

Key topics that will be covered include:
• The overall introduction of the export control regime in China, and the counter-sanctions and blocking measures regulations;
• The US export control and sanction measures targeting China and the corresponding impact on businesses; and
• The new regulatory and risk environment for multinational corporations in China and typical compliance omission cases.

Sign up now for this free webinar and learn more about the impact of the new compliance environment confronting businesses with operations in China.

Export control risks in China: compliance in the face of US sanctions

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

ITR and professional services firm TMF Group will host a webinar on July 16 on the tax dimensions of carve-outs, discussing how professionals can plan to successfully implement them in a cross-border setting.

Carve-outs have become increasingly popular among global dealmakers, with a threefold increase in volume since 2016. Post COVID-19, this impetus should continue as a mixture of pent-up demand, distressed and non-core assets, and lower valuations that lure cash-rich private equity firms and corporates back to the deal table.

But what about the accounting and tax aspects of carve-outs?

During this webinar, Emine Constantin, TMF Group’s head of accounting and tax, will tackle the common accounting and tax pitfalls in a carve-out such as:

• Set-up of tax structures: tax registrations and administrative processes;
• Impact on the cost of compliance; and
• Tax compliance processes: main items to be considered.

Broadcast live at 13:30 GMT / 8.30 EDT on Thursday, July 16 2020. Register your place today.

How to overcome the common tax pitfalls of carve-outs

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How to overcome the common tax pitfalls of carve-outs

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