The COVID-19 pandemic has become a catalyst for digital transformation across many sectors, forcing businesses to adapt quickly in order to effectively reach out to different stakeholders (e.g. suppliers, customers and employees) more efficiently.
With the rising digital era, taxation on the digital economy remains one of the most challenging issues faced by businesses today. These tax challenges may include:
From a global perspective, the tax challenges arising from digitalization have been a key focus area of the Base Erosion and Profit Shifting (BEPS) Project initiated by the OECD to close the gaps in the international tax system that facilitate the shifting of profits by businesses away from where the underlying economic activity and value creation take place.
Following this, Malaysia has also implemented the digital tax on digital services provided by a foreign registered person to any consumer in Malaysia starting from 1 January 2020. The Malaysia tax authorities have also further clarified some tax treatments relating to the digital economy.
How prepared are you to mitigate the potential risks arise from different tax implications in this digital era?
Join us for this webinar as our experts share the important key areas and practical cases to circumvent the complexities your team may encounter. We will also address your specific needs during our interactive Q&A session.