This seminar assists you in managing the effects of China’s new VAT system on financial products, funds and trust interests...
10 January 2017 - 17 January 2017, 9:15 - 11:30, HKT
China is amongst the first countries in the world to have a Value Added Tax (VAT) apply broadly to the financial services sector, including on the transfer, issuance and redemption of financial products, funds, trusts, and asset management services.
On 21 December 2016 China’s Ministry of Finance and State Administration of Taxation jointly issued Circular Caishui  No. 140 (Circular 140), which contains a number of new Value Added Tax (VAT) policies which potentially impact on both onshore and offshore asset managers, funds, and trusts, provided they hold assets in China, or the funds or trust interests are held by Chinese investors. The new policies take effect retrospectively to 1 May 2016. Put simply, they can lead to significant unforeseen liabilities for those managing assets, and require careful implementation for the benefit of investors.
This seminar will assist you to better understand:
Attendance at this seminar is critical to assist you in managing the effects of China’s new VAT system on financial products, funds and trust interests, including for year-end accounting purposes.
There are limited seats in the seminar so please register as soon as possible. Please notify us the day before the seminar if you would like to cancel your registration.
To register, please proceed to this page for detailed registration arrangement.
To register, Please copy the following content with your information and email to email@example.com for registration with the email subject of KPMG VAT Reform Forum: New VAT policies affecting asset management, funds and trusts in China (Tuesday, 10 January 2017)
Please sign me up for the KPMG VAT Reform Forum: New VAT policies affecting asset management, funds and trusts in China
We look forward to meeting you. Should you have any enquiries, please feel free to contact us:
|Hong Kong||Wing Cheung|