Dbriefs Asia Pacific Tax Webcasts
Anticipating tomorrow's complex issues and new strategies is a challenge. Navigating what's next with Dbriefs that give you valuable insights on important developments affecting your business in Asia Pacific
Dbriefs Asia Pacific Webcasts Series
Geography Updates
Capitalize on Hong Kong’s new patent box tax concession
Date: 24 July 2024, 02:00 PM SGT (GMT + 08:00)
The Bill on the patent box tax concession was passed by the Legislative Council on 26 June 2024. This newly implemented tax concession is a significant initiative introduced by the Hong Kong government to foster research and development (R&D) activities and the creation of intellectual property (IP) in the city. Under this concession, qualifying income from an IP (e.g. patent), including embedded income in sales price of product or service, can enjoy a preferential tax rate of 5%. This is a substantial reduction from the standard corporate tax rate of 16.5%. Together with the enhanced deduction of qualifying R&D expenditures, it aims at incentivizing businesses to invest in R&D, create IPs and generate economic benefits from them in Hong Kong. Of note, this new regime may benefit different industry players.
In this webcast, we’ll discuss:
- Overview of new patent box tax concession
- Potential application of patent box tax concession
- Practical tips and strategies on how to leverage this concession to explore opportunities and enjoy potential benefits
Geography Updates
Australia’s new thin capitalization rules – Implications for real estate investment
Host: Klenn Yi Wei Yeo
Presenter: Max Persson, and Siew-Kee Chen
Date: 1 August 2024, 10:30 AM SGT (GMT + 08:00)
Australia’s new thin capitalisation rules are effective for income years commencing on or after 1 July 2023 and have the potential to significantly impact interest deductibility for real estate investments. Understanding the changes, modelling the impacts, and implementing appropriate restructuring options is crucial to supporting interest deductibility.
In this webcast we will cover:
- Overview of the new thin capitalisation rules, and comparison with the previous rules
- Third party debt test
- Examples of common issues for inbound real estate investments
- New debt deduction creation rules
Geography Updates
Build to rent and foreign investment update
Host: Klenn Yi Wei Yeo
Presenter: Max Persson, James Petterson, Mimi Song, and Stephen Smith
Date: TBA
The Australian federal and state governments are targeting construction of 1.2 million new homes over 5 years, with proposed and existing tax concessions for investors in new build to rent projects. We will provide an overview of the Australian residential sector, tax incentives for build to rent developments, and an update on recent state and federal tax changes impacting investment in real estate.
During this Dbriefs webcast, we will discuss:
- Overview of the Australian residential sector
- Build to rent – proposed and existing tax concessions for investors in new build to rent projects
- Victorian and NSW stamp duty changes
- Changes to Australia’s foreign investment framework
- Foreign resident CGT update
