Course Detail(TAX225aE : Accounting & Taxation in China (Day 1 Only))

TAX225aE : Accounting & Taxation in China (Day 1 Only)

7.00 CPE Hours (Others)
Classroom


Programme Overview
 
The 3 courses TAX225E, TAX225aE and TAX225bE are a series of Tax courses intended to provide an in-depth view of the tax regime in China.
 
TAX225aE covers the Accounting Standards, Enterprise Income Tax Law, Taxation on Corporate Restructuring and Transfer Pricing in China. For more details on this 1-day programme, please click here
 
TAX225bE covers Withholding Tax, VAT, Employee Taxation, Profit Repatriation & Foreign Exchange Issues and Factors to Consider When Selecting the Best Structure for Your Investment in China. For more details on this 1-day programme, please click here
 
TAX225E is a 2-day programme combining the above two courses. For more details, please click here

Programme Objective
 
Despite a slowing down of its economy, China is still one of the most attractive FDI location in the world. As the Chinese economy undergoes structural changes, there is an increasing need for investors to gain insight knowledge of China’s current accounting practices, tax structure and reforms so as to maximize their investment returns. In this two-day workshop, our distinguished trainer will update you on the latest changes in Chinese GAAP and changes to the tax regime. Participants can tap on their extensive tax knowledge to navigate and minimize taxes in China.
 

Programme Outline


Agenda for Day 1                        

1.   Accounting Standards in China

•    Overview of China Accounting Standards
•    Detailed comparison between CAS, IFRS & US GAAP
•    Convergence of China accounting standards with IFRS
•    Special financial reporting issues

2.   Managing Risks of Fraud and Corruption in China 
•    Common fraud risks in China
o    Ownership & Control
o    Internal Structure Weaknesses
o    Financial and Accounting Practices
o    Common Sourcing System Breakdowns
o    Corruption in China
•    What can be done to manage these risks?

3.   China Enterprise Income Tax Law
•    Tax resident and permanent establishment
•    Dividend withholding tax and holding company
•    Thin capitalisation rule: tax versus business tax incentives
•    Transitional period and grandfathering relief

4.   Taxation on Corporate Restructuring 
•    Common forms of restructuring
•    Business requirements and constraints
•    Latest changes: tax free structure not guaranteed
•    Common pitfalls

5.   Transfer Pricing in China
•    An update on China transfer pricing regulations
•    Emerging TP Issues in China
•    Dos and Don’ts when managing transfer pricing audits in Indonesia
•    Advance Pricing Arrangement (APA) in China - regulations and practice
•    Transfer pricing as a regional planning tool    

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

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

07 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Mr. Russell Brown

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Mr. Russell Brown
Founder & Managing Partner, LehmanBrown International Accountants, China
 
Mr. Russell Brown OBE is Founder and Managing Partner of LehmanBrown International Accountants, a China-focused accounting, taxation and business advisory firm with operations in Beijing, Hong Kong and five other offices across China employing around 200 professionals.
 
Russell has over 29 years working experience including 21 years living in China and involved establishing and developing businesses in China. Prior to founding LehmanBrown Russell was Global CFO of one of the world’s largest public relations and communications consulting companies and prior to this their Asia Pacific Regional CFO.
 
He currently acts as advisor to international companies entering the China market and to Chinese companies venturing abroad, and is a founding director and Chair of the Asia Transformation and Turnaround Association. He is also a frequent speaker at conferences and seminars on taxation, accounting and doing business in and with China.
 
Russell gained a BA (Hons) in Business Studies from Bournemouth University, is a Fellow of the Chartered Institute of Management Accountants (CIMA) in the UK and an Associate of the Institute of Chartered Accountants of England and Wales. He is also an Certified Global Management Accountant.
 
He is currently Treasurer of the Australian Chamber of Commerce in China. He was Chair of the British Chamber of Commerce in China and also Vice Chair of the China-Britain Business Council (CBBC), until completing the maximum term allowable, and prior to this has acted as Vice Chair and Treasurer.  He is also an Honorary Member of The 48 Group Club.
 
Russell is actively involved in many charitable events and is Chair of Beijing’s annual British Charity Ball and St George’s Day Charity Dinner. He is also a member of Rotary Club of Beijing and currently their Vice President and previously held the position of Treasurer.
 
Russell was awarded an OBE (Officer of the Order of the British Empire) for services to British Business and the British Community in China in Queen’s Birthday Honours in June 2015.
 


Programme Overview
 
The 3 courses TAX225E, TAX225aE and TAX225bE are a series of Tax courses intended to provide an in-depth view of the tax regime in China.
 
TAX225aE covers the Accounting Standards, Enterprise Income Tax Law, Taxation on Corporate Restructuring and Transfer Pricing in China. For more details on this 1-day programme, please click here
 
TAX225bE covers Withholding Tax, VAT, Employee Taxation, Profit Repatriation & Foreign Exchange Issues and Factors to Consider When Selecting the Best Structure for Your Investment in China. For more details on this 1-day programme, please click here
 
TAX225E is a 2-day programme combining the above two courses. For more details, please click here

Programme Objective
 
Despite a slowing down of its economy, China is still one of the most attractive FDI location in the world. As the Chinese economy undergoes structural changes, there is an increasing need for investors to gain insight knowledge of China’s current accounting practices, tax structure and reforms so as to maximize their investment returns. In this two-day workshop, our distinguished trainer will update you on the latest changes in Chinese GAAP and changes to the tax regime. Participants can tap on their extensive tax knowledge to navigate and minimize taxes in China.
 

Programme Outline


Agenda for Day 1                        

1.   Accounting Standards in China

•    Overview of China Accounting Standards
•    Detailed comparison between CAS, IFRS & US GAAP
•    Convergence of China accounting standards with IFRS
•    Special financial reporting issues

2.   Managing Risks of Fraud and Corruption in China 
•    Common fraud risks in China
o    Ownership & Control
o    Internal Structure Weaknesses
o    Financial and Accounting Practices
o    Common Sourcing System Breakdowns
o    Corruption in China
•    What can be done to manage these risks?

3.   China Enterprise Income Tax Law
•    Tax resident and permanent establishment
•    Dividend withholding tax and holding company
•    Thin capitalisation rule: tax versus business tax incentives
•    Transitional period and grandfathering relief

4.   Taxation on Corporate Restructuring 
•    Common forms of restructuring
•    Business requirements and constraints
•    Latest changes: tax free structure not guaranteed
•    Common pitfalls

5.   Transfer Pricing in China
•    An update on China transfer pricing regulations
•    Emerging TP Issues in China
•    Dos and Don’ts when managing transfer pricing audits in Indonesia
•    Advance Pricing Arrangement (APA) in China - regulations and practice
•    Transfer pricing as a regional planning tool    

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

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Mr. Russell Brown
Founder & Managing Partner, LehmanBrown International Accountants, China
 
Mr. Russell Brown OBE is Founder and Managing Partner of LehmanBrown International Accountants, a China-focused accounting, taxation and business advisory firm with operations in Beijing, Hong Kong and five other offices across China employing around 200 professionals.
 
Russell has over 29 years working experience including 21 years living in China and involved establishing and developing businesses in China. Prior to founding LehmanBrown Russell was Global CFO of one of the world’s largest public relations and communications consulting companies and prior to this their Asia Pacific Regional CFO.
 
He currently acts as advisor to international companies entering the China market and to Chinese companies venturing abroad, and is a founding director and Chair of the Asia Transformation and Turnaround Association. He is also a frequent speaker at conferences and seminars on taxation, accounting and doing business in and with China.
 
Russell gained a BA (Hons) in Business Studies from Bournemouth University, is a Fellow of the Chartered Institute of Management Accountants (CIMA) in the UK and an Associate of the Institute of Chartered Accountants of England and Wales. He is also an Certified Global Management Accountant.
 
He is currently Treasurer of the Australian Chamber of Commerce in China. He was Chair of the British Chamber of Commerce in China and also Vice Chair of the China-Britain Business Council (CBBC), until completing the maximum term allowable, and prior to this has acted as Vice Chair and Treasurer.  He is also an Honorary Member of The 48 Group Club.
 
Russell is actively involved in many charitable events and is Chair of Beijing’s annual British Charity Ball and St George’s Day Charity Dinner. He is also a member of Rotary Club of Beijing and currently their Vice President and previously held the position of Treasurer.
 
Russell was awarded an OBE (Officer of the Order of the British Empire) for services to British Business and the British Community in China in Queen’s Birthday Honours in June 2015.
 

Upcoming Schedule

Registration is closed

Date & Time

07 Nov 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 780.00
For Non-Members: $ 780.00

Programme Facilitator(s)

Mr. Russell Brown

Venue

137 Cecil Street
Level 3
Hengda Building
Singapore 069537