2016 KPMG China Annual Tax Update Conference

This conference offers a unique opportunity to better understand the evolving China tax landscape and get insights on anticipated tax developments...

22 November 2016 - 14 December 2016, 8:30 - 17:30, CST

2016 witnessed key developments in China tax policy and enforcement practice. Notable among these were the completion of the 2012-2016 VAT reform, the rollout of new international tax and transfer pricing rules in the wake of the 2013-2015 G20/OECD Base Erosion and Profit Shifting (BEPS) project, and initial steps taken by China to roll out the new global system for automatic exchange of tax information, embodied in the OECD Common Reporting Standard (CRS). Keeping up with all of the latest developments is challenging, and the KPMG China Annual Tax Update offers a unique opportunity to better understand the evolving China tax landscape and get insights on anticipated tax developments into 2017.

 

Landmark tax developments in 2016: 

 

  • Transfer pricing

It has been a monumental year for transfer pricing with the release of the revised regulations on transfer pricing compliance and advance pricing applications, and the imminent introduction of the highly anticipated revised regulation on transfer pricing investigations. We will take you along this journey to consider how these changes will impact you in the post-BEPS world in which controversy will likely become the norm for many years to come.

 

  • International Tax and BEPS

In 2016 China played a key role in driving forward the roll out of the G20/OECD BEPS reforms, as host of the G20 and the OECD Forum on Tax Administration. China made its own international tax framework increasingly robust, with updates to the China treaty network, measures to put in place automatic exchange of tax information (OECD Common Reporting Standard (CRS)) with other countries, as well as rigorous enforcement of treaty abuse and permanent establishment (PE) rules. This session will set out how businesses may need to revise structures, business protocols, and documentation to ensure that tax positions are supportable going forward.

 

  • M&A Tax and Restructuring

Following the rollout of a number of new M&A related tax rules in 2015, for internal group restructurings, tax treaty relief, and offshore indirect transfers, enforcement practices have continued to evolve in 2016. We will share insights on the application of these M&A rules in practice, from the perspectives of both the PRC tax authorities and the marketplace, and on how tax risks may be mitigated.

 

  • Value Added Tax

With the VAT reforms having been implemented recently for a number of important sectors, and with the tax authorities taking a strong stance in enforcing compliance with the new VAT rules, we take a look at the key risks being faced by business, the areas of uncertainty which exist, and ways in which businesses can manage those risks and uncertainties.

 

  • R&D Tax Incentives

Following updates to the regulations regarding the 150% Super Deduction and High and New Technology Enterprise (HNTE) status, we will clarify how companies can identify benefits and manage risks associated with both programs, and offer specific insights resulting from case experience and KPMG discussions with government officials. 

 

  • Customs

We will brief you on the main China Customs policy changes in 2016. Key developments include the release of the new Customs Audit Regulations, which will significantly improve Customs administration; the release of Announcement No.20, which creates new customs challenges for cross-border royalties and payments to related parties; as well as measures to standardize the taxation of cross-border E-commerce business.

 

  • Tax Administration and Tax Risk Management 

BEPS implementation, the SAT Thousand Enterprise Initiative, and the forthcoming CRS reporting impose ever greater tax information disclosure and tax risk management demands on tax teams, meaning that technology solutions are becoming ever more critical to effective tax risk control. We will outline the major China issues and detail how our newly developed Total Tax Solution, a tax management software, can help taxpayers better manage tax risk and increase tax work efficiency.

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Agenda

Agenda & Registration

Please click the relevant link below to view the detailed registration arrangements for a particular date and office.

Northern Region
Beijing 22 November 2016 Putonghua RMB 1,100 (full day)
Shenyang 28 November 2016 Putonghua RMB 700 (half day)
Tianjin 29 November 2016 Putonghua RMB 700 (half day)
Qingdao 2 December 2016 Putonghua RMB 700 (half day)
Eastern & Western Regions
Shanghai 23 November 2016 Putonghua RMB 700 (half day)
Nanjing 28 November 2016  Putonghua RMB 500 (half day)
Hangzhou 29 November 2016 Putonghua RMB 600 (half day)
Chengdu 12 December 2016 Putonghua RMB 700 (half day)
Southern Region
Guangzhou 22 November 2016 Putonghua RMB 1,000 (full day)
Shenzhen 23 November 2016 Putonghua RMB 1,000 (full day)
Dongguan 6 December 2016 Putonghua RMB 500 (half day)
Xiamen 6 December 2016 Putonghua RMB 500 (half day)
Fuzhou 7 December 2016 Putonghua RMB 500 (half day)
Zhongshan 7 December 2016 Putonghua RMB 500 (half day)
Foshan 9 December 2016 Putonghua RMB 500 (half day)
Changsha - Wanda Vista Changsha Hotel, Changsha) updated 9 January 2017 updated Putonghua Free updated
Hong Kong Region
Hong Kong 7 December 2016 Cantonese HKD 500 (half day)
Hong Kong 9 December 2016 English HKD 500 (half day)

 

Guide

Contacts & Enquiries

We look forward to meeting you. Should you have any enquiries, please feel free to contact us:

Beijing Rolali Li +86 10 8508 7547
Qingdao Chloe Fan +86 532 8907 1763
Shenyang Olivia Lu +86 24 3128 3957
Tianjin Vivien Zhang +86 22 2329 6238 (Ext. 613 5318)
Shanghai Yeoman Yang +86 21 2212 3093
Nanjing Cyan Xia +86 25 8691 2939
Hangzhou Sandy Liu +86 571 2803 8106
Chengdu Joni Zhang +86 28 8673 3930
Guangzhou Ashley Cai +86 20 3813 8720
Shenzhen Heidi Liu +86 755 2547 3471
Foshan Iris Zhong +86 757 8168 4380
Dongguan Alex Ji +86 755 2547 1254
Xiamen Fan Zhang +86 592 215 0912
Fuzhou Summer Jiang +86 592 215 0935
Zhongshan Jane Chen +86 757 8168 1774
Changsha Grace Tang +86 20 3813 8711
Hong Kong Phoebe Tsang +852 3927 5624