PriceWaterhouseCoopers, Beijing
26/F Office Tower A, Tai He Room
Beijing Fortune Plaza
23 Dongsanhuan North Road (Chaoyang)
Tel: 6533 8888
When foreign companies conduct business in China directly, they may face various PRC tax and payment issues. Specifically, long-term onshore services may lead to a permanent establishment (PE) for foreign companies. Under such circumstances, foreign companies should take more care of their tax issues, including their corporate income tax in China.
To help our members to better understand the tax environment of a PE situation, and comply with the prevailing tax regulations, we are pleased to welcome two guest speakers to discuss possible tax exposures under PE regulations.
Sandi Zisu Wang, Tax Manager, Siemens Ltd., China
Feili Zhang, Tax Consultant, Siemens Ltd., China
Discussion will cover the following topics:
1. PE assessment by the Tax Treaty and Local Tax Regulations
2. Possible tax implications and issues
3. Tax compliance regime and problems in tax filings
4. Planning ideas on how to minimize the tax exposures on PE
A briefing on the upcoming 2005 Position Paper launch, which will feature EU Trade Commissioner Peter Mandelson, will follow the presentation. We will also brainstorm strategies to further engage SAT officials this Fall and strengthen our policy dialogue.
For more information about this meeting or any aspect of the Working Group activities, please contact Maurizio Andreano (Assistant to the Working Group) on mandreano@euccc.com.cn. Thank you for confirming your attendance by 29th August. Feel free to email specific issues you would like to address during discussion ahead of time.