This seminar is FREE OF CHARGE for Members
Multinational companies and investors investing in China need to be aware of a number of significant tax developments. Taken as a whole, these developments further signal that the China tax authorities are focused on structures and transactions that might lack business purpose and/or commercial substance and will, in certain cases, deny the intended tax benefits - including the benefits of a relevant double tax treaty. The latest step towards this trend is the State Administration of Taxation's ("SAT") release of Guoshuihan (2009) No. 601 in late October 2009, which sets guidelines on the interpretation and determination of the term "beneficial owner" under double tax treaties. In addition, the China tax authority issued Guoshuihan (2009) No. 698 in late December 2009, in which SAT has emphasized that the indirect transfer of a Chinese entity would be subject to China tax if the arrangement is solely for avoiding the tax liability in China. This brief session is to give you an update on the important developments in China and what steps can be taken to best approach these challenges.
Speaker
Simon Wang is a Partner of tax and business advisory services of Ernst & Young Guangzhou office. During the years, he has provided various tax and business advisory services to many corporations for their cross-border investment projects in and out of China.
Carol Liu is a Senior Manager of tax and business advisory services of Ernst & Young Guangzhou office. Carol has extensive experience in providing PRC tax and business advisory and compliance services for more than 10 years. Carol is a PRC Certified Public Accountant and Certified Tax Agent.
Agenda
08:45 – 09:15 Registration and Breakfast snacks with coffee and tea
09:15 – 09:25 Introduction by European Chamber
09:25 – 10:15 Presentation by Simon Wang / Carol Liu
10:15 – 10:45 Q&A
Venue
Ernst & Young Hua Ming Guangzhou Office
36th Floor, Tower B, Center Plaza, 161 Linhe Road West ,Tianhe District, Guangzhou 广州市天河区林和西路161号中泰国际广场36楼B座
How to register?
Please confirm your participation by email to Ms. Katalin Torok, ktorok@euccc.com.cn
Members: Free of charge
Non-members: RMB 100