Programme Overview
 
The 3 courses TAX242E, TAX242aE and TAX242bE are a series of Tax courses intended to provide an in-depth view of the tax regime in China.
 
TAX242aE covers the General Business & Tax Environment in China, China Enterprise Income Tax Law, Taxation on Corporate Restructuring, and Transfer Pricing in China. For more details on this 1-day programme, please click here
 
TAX242bE covers Employees’ Taxation in China, China Withholding Tax, Understanding & Managing VAT in China and Profit Repatriation & Foreign Exchange Issues. For more details on this 1-day programme, please click here
 
TAX242E is a 2-day programme combining the above two courses. For more details, please click here

Programme Objective

The China economy has endured some weaknesses in the past 2 years due to structural changes and its zero-Covid policy. Even though the projected GDP growth for 2022 will end up lower than expected, China's government is laying the foundation to allow its economy to emerge even stronger in the medium to long term.

Changes in tax policies and business regulations are being implemented as we speak. This  workshop is specially designed to provide all the latest updates and analysis of its impact on your investments in China. Our specially invited trainer from Beijing will share his insights with the participants and help them to navigate all these changes.

Programme Outline

Agenda for Day 2
 

• Employees’ Taxation in China
  • Scope of individual taxation in China under new 2019 rules
  • Income tax laws applicable to local and foreign individuals
  • Exemptions and deductions allowable and their limits
  • Expatriates Vs Local Employees for tax planning and six year rule
  • Filing requirements by companies and employees, and consultants etc.
  • Common planning techniques and the use of tax treaty
  • Social welfare rules covering local and expatriates
  • Risks for not being in compliance, penalties and mitigation

 

• China Withholding Tax
  • Overview of withholding tax system
  • Domestic transactions subjected to withholding tax
  • Cross border transactions subjected to withholding tax
  • Understanding the pitfalls of withholding tax and how to avoid them
  • Application of tax treaty provisions

 

• Understanding & Managing VAT in China
  • Updates on China VAT reform
  • VAT-able and non VAT-able objects
  • VAT special invoices
  • VAT related concessions
  • VAT refund regime

 

• Profit Repatriation & Foreign Exchange Issues
  • Overview on remittance of trade and non-trade items
  • Common techniques of profit repatriation
  • Potential tax consequences and planning opportunities
  • Tax clearance requirements

Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

Managing Directors, General Managers, CFOs, Regional Directors, Financial Controllers, Tax Professionals, Legal Professionals, Accountants, Financial Analysts, Regional Accountants, Investors in China

Programme Facilitator(s)