Conference Chairs:
Peter Guang Chen, Deloitte Tax LLP
Greg Stevens, Deloitte Tax LLP
8:00 – 8.30 Registration and continental breakfast
8:30 – 9.15 Overview of China Tax System
- Mainland China tax system
- Hong Kong tax system
- Macau tax system
Lucy Sun, Deloitte Tax LLP
Doris Chik, Deloitte Tax LLP
9:15 – 9:45 Enterprise Income Tax Reform – The New Landscape
- Changes in tax rates and incentives
- Transition rule for existing tax incentives
- New tax residence concept
- Thin capitalization rule
- General anti-avoidance rule
Annie Wu, Esq., Kirkland & Ellis, LLP
Jennifer Zhang, Deloitte Tax LLP
9:45 – 10:00 Break for Refreshments
10:00 - 10:30 Permanent Establishment Issues / Performance of Services by Foreign Companies
- Permanent Establishment risks Foreign Companies doing business in China
- Services by foreign companies provided to Chinese customers
Greg Stevens, Deloitte Tax LLP
Lucy Sun, Deloitte Tax LLP
10:30– 11:45 Techniques and Strategies for Applying Tax Aligned Supply Chain Planning in China
- General Principles of Tax Aligned Supply Chain (TASC) Planning
- Proliferation of the Use of Hub Structures
- Special Chinese Indirect Tax Issues to Consider
- Income Tax Transfer Pricing Implications
- U.S. Subpart F Issues
Maurice Emmer, Deloitte Tax LLP
Yvonne Metcalf, Deloitte Tax LLP
11:45 – 12:00 Summary and Q&A
12:00 – 1:15 Luncheon
1:15 – 1:45 Tax Compliance & Administrator/Foreign Exhange Compliance
Phlip Zhang, Esq., Ross Hudgson LLP
Jennifer Zhang, Deloitte Tax LLP
1:45 – 2:15 Turnover Tax Issues for U.S./Multinational Companies Doing Business in China
- The effects of turnover taxes on business operations within China
- Turnover tax implications for cross-border transactions
Robert Tsang, Deloitte Tax LLP
2:15 – 2:30 Break for Refreshments
2:30 – 3:15 Mergers, Acquisitions and Reorganizations
- Categories of Chinese target companies
- Forms of acquisitions
- Taxation of asset acquisition and share acquisition
- Pre-acquisition planning
- Income tax minimization strategies
- Maximizing foreign tax credit
- Minimization of indirect taxes
- Taxation of post acquisition entities
Cathy Coffey, Deloitte Tax LLP
3:15 – 3:45 Accounting Aspects of China Taxation and Related Issues for U.S. Accounting and Taxation
- Tax compliance and planning for U.S. companies with operations and subsidiaries in China
- Layers of accounting rules: China GAAP, US GAAP, China tax regulations and US tax regulations
- Preparation of accounting records and effect on effective tax rate (ETR) for financial statements purposes
- China accounting issues that US investors may encounter when doing business in China
- The relationship of China accounting rules and US accounting/taxation rules
Peter Guang Chen, Deloitte Tax LLP
3:45 – 4:15 Transfer Pricing in China – Strategies for Defense and as a Tax Planning Technique
- Overview of China’s transfer pricing rules
- Affiliated party transactions
- Transfer pricing audit targets
- Transfer pricing concepts and pricing methodologies
- Documentation rules
- Effective transfer pricing planning for China operations
- Advance pricing arrangements
Larry Shanda, Deloitte Tax LLP
Victor Li, Deloitte Tax LLP
4:15 - 4:30 Summary and Q&A
4:30 Conference Concludes