Recently, the State Administration for Taxation (STA) asked input from foreign companies on the updated draft of tax treaty treatment of non-resident taxpayers. With this new draft for this policy the STA attempts to simplify the treaty benefits application information, enable non-resident taxpayers and withholding agents to comply with the rules and help to improve the efficiency of tax filing. This is part of the STA attempt to promote reforms in order to delegate power, streamline administration and optimize government services, and simplify tax procedures.
In a broader scheme these developments are part of the Chinese government’s push towards ending tax avoidance and evasion practices. In the last decade China has put significant steps towards that goal by addressing this issue in multilateral meetings and working towards the OECD/G20 Base Erosion and Profit Sharing (BEPS) program.
The European Chamber welcomes Mr. JI Feng, Senior Manager, Tax & Legal, at Deloitte, to give an overview of the current developments in the field of tax avoidance policies and tax treaties and how this may affect foreign businesses.
This meeting will cover:
· The OECD BEPS program and its impact on China;
· Case study: the non-resident tax policy
· The last update in the China-India tax protocol.
Agenda
· 9:00 – 9:30 Registration
· 9:30 – 9:40 Welcome remarks by Chamber representative
· 9:40 – 10:30 Presentation by Mr. Ji Feng, Senior Manager Tax & Legal at Deloitte
· 10:30 – 11:00 Q&A