Maximise returns from your China business. Be updated on the latest and most significant taxation issues affecting your China business today.

China is one of the biggest markets in the world, making it one of the more popular destinations for foreign investors. This has in turn created a need for investors to keep themselves up-to-date with changes in China’s evolving complex tax structure. 

CCH Executive Events presents a one-day workshop to provide you with practical advice and update you on the latest legislative changes,  fund repatriation, anti-avoidance measures, China turnover taxes (VAT and Business Tax), taxation of expatriates and key tax planning issues that will affect your China business in 2011. This workshop will also explore best practices and discuss different case scenarios to help you stay ahead of competition.

Programme Outline

China Business Environment

■ The State Council issues new policies to boost foreign investment in China:

   - Who will benefit?

   - How and when can a foreign company apply for listing in the China stock exchange? 

■ New investment structure:

   - How can foreign-invested partnership help reduce cash trap and dividend withholding tax? 

■ Control over representative office:

   - What is the replacement for representative office?

■ Regional headquarters and China investment holding company:

   - What are they and what are the differences? 

Latest Development in Anti-Tax Avoidance

■ Why having an intermediate holding company in Hong Kong or Singapore cannot reduce the dividend withholding tax? What are the practices in China?  What are the common structures for Malaysia companies investing in China?

■ China capital gains tax on indirect sale of companies at overseas level:

   - What are the latest developments? 

   - How will this affect merger and acquisition? 

   - What can be done to reduce the risk?

Turnover Taxes in China – Developments and Updates

■ Why is turnover taxes planning important? 

■ Examples of planning ideas for VAT and Business Tax

■ How to utilise special customs zones for supply chain management

Taxation of Expatriates Working in China

■ What are the tax and non-tax issues to be considered for frequent travellers and full-time stationers?

■ What are the common traps when sending someone to work in China?

Cash Trap and Common Errors

■ How to reduce cash trap?

■ What is the optimal financial structure?

■ Can you have Renminbi and foreign currency cash pool in China?

■ Can you lend your excess funds from China to overseas?

■ How thin capitalisation rules affect your financing strategy in China?

■ How to remit funds out from China in a tax efficient manner?

■ Pitfalls and traps on foreign exchange matters

* Case studies and numerical illustrations will be used throughout the workshop

Benefits of Attending

Updates: Get up-to-speed on the latest changes in Business Tax regulations and VAT in China

Business Impact: Understand the impact of these changes to effectively position your business to benefit from them

Maximise Returns: Work through case studies to gain a better understanding on how to plan for these changes

Who Should Attend

CFOs and Decision Makers

Corporate Tax Executives (Tax Directors / Managers)

Regional Finance Directors / Managers

In-House Staff responsible for International Tax Planning in China

Workshop Leader

Bolivia Cheung

Partner

KPMG in Shanghai, China

Bolivia has advised multinational clients on various taxation, customs duty and business regulations in respect of their inbound investments, business activities in the PRC and cross-border transactions. She has advised on pre-establishment structure planning for overseas companies; and post-establishment funds management and profit repatriation strategies for the overseas investors. Bolivia has also assisted in group restructuring for various domestic companies and a substantial number of merger and acquisitions, corporate restructuring engagements for various multinational companies. She has handled taxation and business issues include corporate income tax, real estate taxes and indirect taxes, foreign exchange control policy and market entry prerequisites and measures.

In addition to corporate structuring, Bolivia is specialised in the property and infrastructure industry in China and is recently involved in various overseas REIT investment structure advisory engagements.

** Second pax onwards at 50% discount **