China’s massive reform to replace business taxes (BT) with a revamped value-added tax (VAT), which started in 2012 as a trial program, is expanded into three crucial sectors – real estate, finance, and consumer services. The targets for the future of VAT reform in China are contained in the Twelfth Five Year Plan Period (2011-2015), which stipulates that all sectors currently subject to BT was switched over to VAT at the end of 2015.
The European Chamber is delighted to invite Mr. Stéphane Rinkin, Partner, Indirect Tax at Ernst & Young and Ms. Jing Li, Head of Accounting & Finance Shared Service & Business Shared Services at Siemens as they discuss the latest development of VAT reform.
Stephane and Jing will share their experiences and address a common concern faced by companies operating in China – the lack of the desired level of visibility into their VAT position and whether important matters are being overlooked.
This roundtable discussion will discuss the key indirect tax challenges in China. It will also provide practical solutions on how companies can gain visibility and use that to learn the size and magnitude of VAT being managed or whether it is being processed in a compliant, timely and efficient manner.
AGENDA
9:00 to 9:30 Registration
9:30 to 9:35 Welcome Remarks
9:35 to 10:05 "Development of the VAT reform and the potential consumption tax reforms" by Mr. Stéphane Rinkin, Partner, Indirect Tax at Ernst & Young
10:05 to 10:35 "Practical challenges to manage VAT compliance requirements in China" by Ms. Jing Li, Head of Accounting & Finance Shared Service & Business Shared Services at Siemens
10:35 to 10:50 Q&A Session
10:50 to 11:10 "New solutions to a proactive and efficient way to manage their VAT compliance requirements in China" by Mr. Stéphane Rinkin, Partner, Indirect Tax at Ernst & Young
11:10 to 11:30 Q&A and Closing Remarks
Terms & Conditions:
Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance.
Cancellation Policy:
If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation in a timely fashion, you will be charged for event costs.
To cancel you can: 1) email: ltan@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.