The European Chamber, in collaboration with the Australian Chamber, is delighted to invite you to a seminar exploring implications of the recently annouced Valued Added Tax (VAT) pilot programme.
China’s State Council has announced it will conduct a pilot program for the services industry in Shanghai to replace business tax with VAT, effective from 1 January 2012.
The impact of these reforms on businesses is likely to be significant and generally positive news for business. Importantly, the reforms are also likely to have significant legal consequences in terms of contracting and pricing.
Guest speakers Lachlan Wolfers, Tax Partner of KPMG China and Martyn Huckerby, Partner of Mallesons Stephen Jaques will be explaining the developments and answering any queries you might have.
During the seminar, Mr. Wolfers will discuss:
- how the VAT reform pilot program will operate
- what steps businesses should take to prepare for the reforms
- what are the opportunities this presents for business
- what issues are yet to be resolved.
Mr. Huckerby will outline:
- issues to consider in looking at how existing contracts will be impacted by the reforms
- what steps businesses should take now in entering into new contracts
- ways to maximise the benefits and mitigate the risks of the reforms from a legal perspective.
Event Agenda
8.00am – 8.30am: Registration and breakfast
8.30am – 9.10am: Presentations
9.10am – 9.30am: Q&A session
9.30am - 10.00am: Networking and event conclusion
Guest Speakers
Lachlan Wolfers, Partner (Secondee), Tax, KPMG China
Lachlan is a Tax Partner with KPMG China. He leads KPMG’s Centre of Excellence in Indirect Taxes, and was previously the leader of KPMG’s Indirect Tax practice in Australia. He is both a lawyer and an accountant and has extensive experience with assisting clients with tax reforms across a number of different jurisdictions. Lachlan is a noted speaker and media commentator on tax issues.
Martyn Huckerby, Partner, Mallesons Stephen Jaques
Martyn Huckerby is a Partner and Chief Representative of the Shanghai office of Mallesons Stephen Jaques, which is Australia’s largest law firm. Martyn has extensive experience in providing regulatory and corporate law advice to clients in Asia and Europe. Martyn is listed as a leading lawyer in Chambers Asia, PLC Which Lawyer?, International Financial Law Review, Who’s Who of International Competition Lawyers, and Who’s Who of International Regulatory Communications Lawyers. Martyn previously worked in London and Sydney.
Event Terms & Conditions
Please note that, though all are welcome to attend our events, we strongly recommend that you register online with us in advance so that we can keep you updated on any changes in the event schedule. From time to time, due to unforeseen circumstances we need to change the time or venue of an advertised event. So please do let us know by registering online if you plan to attend an event so that we can keep you informed.
To register for this event please register before 18:00pm on 28th November. Please note that we will send you a registration confirmation. We require 48 hours notice for cancellations, no-shows who fail to cancel before this time will be invoiced for the event. Registrations done after the deadline will be accepted only if space permits and are charged an additional 50 RMB walk-in fee. For any further enquiries or registration, please contact us at sgoodfellow@europeanchamber.com.cn