China Tax Workshop 1 & 2
Bolivia Cheung
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Bolivia Cheung
After working in KPMG China for 15 years, Bolivia has retired from a tax partner and now freed up herself for training, education, family, charitable activities and free-lance consultancy projects. Bolivia has stationed in Guangzhou and Shanghai for over 8 years which means a lot of practical experiences in dealing with problems and issues of taxpayers. Her philosophy in China advisory is that taxes arise from business operations and an advisor should integrate business models, fund flow and treasury and other important factors.
Bolivia is the Member of Steering Team of both ACCA Southern China and ACCA Shanghai, Member of Accountancy Training Board of Hong Kong Vocational Training Council, Senior Consultant of Guangdong & Hongkong Investment & Financing Servicing Centre of Guangdong Province Small & Medium Enterprises Development Council and part-time lecturer on China Tax at the University of Macau.
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Workshop 1: VAT in China and tax reform
Click here to register for Workshop 1 only
China has two types of Goods & Services Tax since 1994 and now will move forward the tax reform to merge Business Tax into Value Added Tax. Shanghai is the pilot city for the reform from 2012. How will this affect your investment in China? Are you aware of actions which should be taken upfront? The seminar will cover the following:
- What are the mechanism of China VAT and Business Tax?
- What are the export VAT refund policy and the differences between "import processing" and "contract processing"? What are the key concerns to restructure into "contract processing" model?
- What are the latest changes in Shanghai?
- What should be done to prepare for the reform?
- What are the common traps in VAT and Business Tax and planning opportunities? Including cases of:
- Gifts can be deemed sales and taxable. How to plan promotion campaign of "buy-one-get-one-free" and souvenirs to customers?
- Input VAT in relation to abnormal loss is irrecoverable. How to define normal and abnormal loss?
- Input VAT of fixed assets can be credited. Is chimney fixed assets or immovable properties?
- Sale of qualified software can enjoy VAT refund. Can software installed in a piece of equipment enjoy tax refund? - Sharing of cases of VAT healthcheck review
Workshop 2: Investment in China in a tax efficient manner
Click here to register for Workshop 2 only
Investors usually focus on holding structure when investing in China. In addition to holding structure, there are a lot of issues to be considered. In the seminar, the speaker will talk about the following and share cases she comes across:
- How can the Foreign Investment Industry Catalog affect investment structure? What are the common strategies to structure the investment in restricted and prohibited industries for foreign investors?
- How copyright and trademark registrations affect tax planning and the traps?
- What are the common holding structures in investing in China? How the latest anti-avoidance rules affect foreign investors?
- How to use China Holding Company in investing in China? What are the common misconceptions and issues which are usually overlooked?
- How to determine a tax efficient financial structure to reduce cash trap?
- What is the feasible structure for the group to be listed in China Stock Exchange?
Programme
8.30am - 9.00am
Registration
9.00am - 12.30pm (inclusive of coffee break)
Workshop 1: VAT in China and tax reform
12.30pm - 1.30pm
Buffet Lunch
2.00pm - 5.30pm (inclusive of coffee break)
Workshop 2: Investment in China in a tax efficient manner
*enjoy a 10% group discount off Non-Members rate (Minimum 3 staff members)
(CPD Units are only verifiable if the event attended provides skills and/or knowledge relevent to your job or career aspirations.)
For further details please contact ACCA Singapore on 6734 8110 or e-mail info.sg@accaglobal.com