Dear Members and Friends,
The European Chamber of Commerce in China Shenyang Chapter and KPMG Advisory (China), are pleased to invite you to join a seminar concerning the topic “New Development Trends for High and New Technology Enterprise and R&D Expense Super Deduction Practice” on June 25th. The course will be held in Chinese language.
TITLE: New Development Trends for High and New Technology Enterprise and R&D Expense Super Deduction Practice
讲座名称：高新技术企业政策新动向和研发费用加计扣除实务
Targeted workshop attendees: HNTE and non-HNTE but with R&D activities, Finance, Tax, R&D/Technical Department
目标听众：高新技术企业和有研发活动的非高新技术企业的财务、税务、研发/技术部门人员
Why should finance and tax persons attend this workshop?
为什么财务及税务从业人员要参加讲座？
Government authorities are strengthening the administration over HNTE and the new HNTE regulation is under the draft. The draft will impact the current HNTEs extensively and understanding of the trends of HNTE draft will give the entities the time to prepare for the change.
政府有关部门已经在加强高新技术企业管理力度，且新的高新技术管理法规正在起草。新的法规将对高新技术企业产生重大影响，因此及时掌握法规发展动向会帮助企业更好应对未来的变化
Why should R&D/technical persons attend this workshop?
为什么研发/技术人员要参加讲座？
- Our past experience shows that R&D/technical department plays key role to identify the R&D activities and projects, but may miss lots of potential opportunities due to limited knowledge about R&D activities for incentive purpose where qualified expenses/effort would be overlooked, i.e. blue-sky R&D vs eligible R&D for tax purpose
以我们的经验来看，研发/技术人员对识别研发活动及项目起着至关重要的作用，但他们可能因为对税务优惠政策下的研发活动定义的不同理解，导致大量可以符合政策的研发项目和费用没有被识别到。最明显的例子就是以“纯”研发活动作为优惠政策下的研发活动。一言以蔽之，是研发活动的广义的狭义之分。
- HNTE and R&D super deduction tend to be a one-sided game of Finance/Tax department. Closer collaboration should be built between departments
在实际操作过程中，高新技术企业认定和研发费用加计扣除通常最后成功财务/税务部门的单方面工作，但研发部门实际上应该与这些部门建立更紧密的合作关系，并起到更大的作用
- Upon tougher standard of Science Bureau and Tax Bureau, our R&D/technical persons should be in a confident position to defend our work against the challenges made by Science Bureau and Tax Bureau
在科技局和税务局愈发严格的审查标准下，切实掌握优惠政策可以使我们的研发/技术人员在面对科技局和税务局提出的质疑时有更多的应对把握
What will be discussed during the workshop?
讲座讨论话题
- The trends of the HNTE regulation development
高新技术法规的发展趋势和动向
- Industry experience - efficient understanding to R&D activities, e.g. objectives, project description, functionality, business outcomes and social impacts, etc
实操经验：如何有效识别研发活动，例如研发目的、项目阐述、功能特性、商业成果和社会影响等
- Technical background - common language and thinking skills with technical experts and specialists
技术讨论：技术评审专家的思维方式和惯用术语
Agenda
14.00 – 15.00 Session 1 The trends of the HNTE regulation development and efficient understanding to R&D activities
15.00 – 15.15 Coffee break
15.15 – 16.15 Session 2 Case sharing and common language and thinking skills with technical experts and specialists
16.15 – 16.30 – Q&A
Speaker
Rachel Guan
Rachel started her career with a professional accounting firm in Australia in 2002. In 2006, Rachel joined KPMG’s Beijing office and has focused on providing PRC tax services to foreign investors on investment regulatory advisory, foreign exchange, transfer pricing, establishment of companies in China, tax planning and designing tax effective investment structures/restructuring. Rachel has extensive experience in setup services, tax compliance reviews and tax due diligence engagements. Rachel is one of the key members of KPMG North China R&D Tax Services.
Since joining KPMG China, Rachel has rendered technical advice to multi-national clients in a wide variety of industries including industrial markets, information technology, communication and entertainment markets. She regularly works with companies that provide software, e-commerce, and media & advertising services.
Rachel also spent several months in Seattle in 2012, serving as the direct, on-the-ground resource for technical Chinese tax matters for KPMG’s local clients in the United States, specifically for the hi-tech multinational companies. While based in the US, she advised specifically with respect to Chinese setup and registration matters, financing arrangements, supply chain management, R&D incentives and trade/customs considerations. She continues to work closely with KPMG’s US clients with respect to Chinese tax matters.
Josephine Jiang
Josephine Jiang is our Beijing based tax partner, focusing on R&D tax as well as M&A and International Tax. She has been practicing tax for over 15 years.
Josephine has extensive background in Chinese domestic and international tax. She has served many large multinational companies, SOEs, venture capital companies and private equity firms. She has significant experience in dealing with various tax issues including global tax minimization, tax efficient financing, tax risk management, and domestic tax issues such as pre-IPO restructuring. She has worked extensively on merger and acquisition including due diligence, designing and implementing complex takeover transactions and reorganizations.
Being the Northern China R&D Tax Lead Partner, Josephine has worked closely with her team to provide R&D tax services to clients across industries.
From 2008 to 2009, Josephine spent one year practicing international tax in New York office of another Big Fours with focus on China inbound investment by US multinationals.
Josephine also participated in the effort in providing commentary to China tax authority on their recent international tax and M&A related regulations.
Liang Wu
Liang is a chartered professional engineer certified in Australia and has 7 years of engineering and management consulting experience in energy, metals and mining industries. He currently serves as an engineer manager in KPMG’s R&D Tax Incentive practice
Liang maintains primary responsibility for assisting clients with reviewing and identifying eligible R&D activities within their organisation, providing technical and ogranisational advisory to clients with respect to business restructuring and R&D management. Such role includes providing insight, advisory and implementation in light of application for HNTE status, R&D Super Deduction, ATSE status and other R&D related tax benefit programs. Liang’s clients covers different industries, such as telecommunication, energy, food and beverage, construction, finance and auto, ect.
Prior to joining KPMG, Liang has extensive experience in market study, strategic analysis and due diligence service in energy, metals and mining industries. Expertise includes study management, techno-economical modeling, data research & analysis, technology evaluation and greenhouse gas studies. He also has a wealth of experience in project management in communication, project coordination and project monitoring. Typical clients include KKR, Warburg Pincus, Deutsch Bank, BHP Billiton, Rio Tinto, BlueScope Steel, Alcoa, Malaysian Industry Federation, Department of State, etc.
