Latest Changes to China’s Tax and Business Policies and its Implications on Foreign Investors

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Description

In the past year, businesses in China underwent significant changes due to COVID-19 and restructuring in China. The China government extended COVID-19 tax reliefs and introduced new policies of which some had significant impact on foreign investors. This timely webinar will provide an update on China’s latest tax and business regulations, how it affects Chinese subsidiaries of foreign investors, and how to reduce the associated risks

Programme Outline

• The Foreign Investment Law and its impact on foreign investment enterprises
• Big data and Golden Tax System – how can tax bureaus select targets for tax investigations and common tax risks
• Latest tax reliefs and new tax rules
• COVID-19 and its impact on permanent establishment and tax residency on foreigners locked-up in China
• Special rules in special zones – Greater Bay Area, Shenzhen city, Hainan Free Trade Zone and Shanghai Pilot Free Trade Zone
• New rules stating the procedures and documents required for cross-border remittances
• Case study:
• Corporate restructuring for listing in China stock exchange
• Foreign investor disposing a Chinese subsidiary to Chinese buyer – tax, remittance and practical issues
• Reducing tax burden by using small-scale taxpayers and sole proprietorship
• Taxation of internet key opinion leaders (KOL)
• Disposal of a group with Chinese subsidiaries – taxability in China
• Application for withholding tax reduction on dividend payable to overseas shareholder
• Annual individual income tax filing of foreigners during COVID-19 locked down

What you will learn

• Understand the latest tax and business rules of China which affect foreign investors
• Be prepared to take appropriate actions to reduce the risks and save tax costs

Target Audience

• CFO and Finance Managers
• Tax managers
• Those with business operations in China

Expert Speaker

Bolivia Cheung
Director
BC Training Co Ltd

Bolivia has more than 20 years of experience in China tax and business advisory. She had spent 15 years in KPMG, before retiring as a Tax Partner in 2011. Having stationed in Guangzhou and Shanghai for over 8 years, she has vast experience in helping clients deal with their tax problems and challenges Bolivia is currently a member of the ACCA China Forum and was also in the Steering Team of ACCA Southern China from 2004 to 2017. She is a Member of Working Party on Seminars of Accountancy Training Board of Hong Kong Vocational Training Council and is also a Member of the Customer Liaison Group for SMEs of the Trade and Industry Department of the Hong Kong SAR. She also lectures on China Tax in Universities and Institutions in Macau, Hong Kong and China.