Achromic Point

Description

Achromic Point takes immense pride to announce its 7th National Direct Tax Summit and Awards 2024 scheduled on 6th June 2024 in Mumbai. The event brought to you by Achromic Point is outlined keeping in mind the recent trend and issues in the field of Direct Tax and helps you identify the best methods for integrating into the new systems while deriving the most tax benefits. The symposium will discuss the Overview of Recent Developments in International Tax in India, Taxation of Digital Economy, Transfer Pricing, Faceless Assessment and much more.

Benefits Of Attending:

• Overview of Recent Developments in International Tax in India
• Identify the best methods for integrating into the new systems while deriving the most tax benefits
• Learn about the Taxation of Digital Economy
• Learn Jurisdictional approaches to the taxation of complex international transactions
• Assist in developing a global transfer pricing risk strategy

Who should attend?

• Direct Taxation
• Financial Controllers
• Finance Shared services
• International Taxation

Agenda:

08.30 AM – 09.15 AM

Registration and Tea/Coffee

09.15 AM – 09.30 AM

Welcome Address and Introductions by Achromic Point

09.30 AM – 10.00 AM

Key Not Address

10.00 AM – 11.00 AM
Session 1: (Panel Discussion)

• Implementation of Pillar II – Recent Developments & Taxation of Digital Economy

• • OECD Pillar two global minimum corporate tax rate and potential impact on developing countries
  • Key Issues- Revenue, Investment, Tax Competition, Tax Base, Income Conclusion Rule and Switchover Rule
  • Implication of these proposed rules through changes in domestic tax rules and bilateral or multilateral agreement
  • Managing the Tax Compliance Process

• Taxation of Digital Economy

• • Defining the digital economy
  • Start ups- how do we tax intangible assets?
  • Best practices in restructuring business operations of digital taxation
  • Key regulations as on e-commerce

11.00 AM – 11.45 AM
Session 2: (Individual Session)

• Dilution of Concept of Permanent Establishment (PE)

• • Domestic Legislative changes by introducing GAAR and SAAR (Anti-Avoidance Rules)
  • Key strategies of Mitigate permanent establishment risks
  • Origination of Principal Purpose Test (PPT) by MLI to prevent Treaty abuse
  • Globalization and Digitization driven changes in PE concept
  • Emergence of Place of Effective Management (POEM) signifying the economic presence

11.45 AM – 12.15 PM

Networking Tea/Coffee Break

12.15 PM – 01.00 PM
Session 3 (Panel Discussion)

• Increased aggression of TP Audits

• • TP Documentation
  • How to successfully manage your TP Audits
  • Dealing with the increased volume and scrutiny from tax authorities

01.00 PM – 01.45 PM
Networking Luncheon

01.45 PM – 02.30 PM
Session 4: (Individual Session)

• Leveraging technology in tax

• • Importance of technology in financial reporting function
  • Transforming your tax department with tax technology tools and digitalization
  • Challenges faced by Industry in corporate tax compliances and reporting
  • How India inc. can overcome challenges in corporate tax reporting in Global Business Landscape

02.30 PM – 03.15 PM
Session 5: (Panel Discussion)

• Combating the increased amounts of Tax Audits

• • What triggers Tax Audits
  • Having a strategy for Tax Controversy

03.15 PM – 03.45 PM
Networking Tea/Coffee Break

03.45 PM – 04.30 PM
Session 6: (Panel Discussion)

• Approaches to take with tax Disputes and Reviewing your TP Disputes Strategies

• • Key factors that would help avoid tax risks and disputes
  • Increased relevance of writ petitions especially due to recent amendments and tax ecosystem
  • Exploring various tax dispute resolution strategies to manage controversy
  • Considerations for better representation before CIT(A) in faceless regime and ITAT
  • Aligning your controversy management strategy to align with tax authority’s enforcement
  • Assessing recent initiatives on dispute prevention
  • Impending challenges of recent Supreme Court judgements on taxpayers and Risk Management Strategies
  • Managing expectations when going through litigation

04.30 PM – 05.00 PM
Awards Distribution

05.00 PM
Closing Remarks

Direct Tax Website Link

Thought Leaders:

• Pramod Kumar
  Vice President
  Income-Tax Appellate Tribunal
• Maulik Doshi
  Deputy Managing Director – Transfer Pricing and International Tax
  Nexdigm
• Abhay Saboo
  Partner
  Sudit K Parekh & Co. LLP
• Nishit Parikh
  Partner, Tax
  Sudit K. Parekh & Co. LLP