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Please note that the clinic will be conducted in Mandarin.
iAdvisory Clinic: Taxation in China
China is one of the biggest markets in the world and is increasingly attracting more global investors. In order to run the business in the most cost efficient way, it is necessary for foreign investors to understand all the potential tax costs that would be incurred in China before making an investment decision. In addition, different types of investment activities will incur different types of taxes.
Details of seminar
Date: 10th September 2012
Time: 9am to 1pm
Venue: IE Singapore, 230 Victoria Street Bugis Junction Towers, Level 10
Fee: $40 (Light refreshments included)
Update on China VAT Reform
- Status of reform
- Impacts on business model in China
- Practical issues associated with the VAT reform
Profit repatriation from China to Singapore
- Update on beneficial ownership (Notice 601 and announcement 30)
- Discussion on various funds repatriation method
- Experience sharing on the enforcement on notice 601
IE Singapore Global Company Partnership
Understand how IE Singapore can assist you in your global expansion journey
Cross border mergers & acquisition
- Update on the development on notice 698
- Case sharing on notice 698
Update on new export VAT refund regulations (Notice 39).
*Programme is subject to change without prior notice
About the speakers
Mr John Wang
Partner, Tax, KPMG Shanghai
John was previously a tax official in the Chongqing Municipality State Tax Bureau, with over seven years of tax audit and administration experience.
In his career as a tax consultant at KPMG, John has deployed the knowledge and skills acquired from both his work at the tax authority and his MBA studies, and has rendered advice to multi-national clients in a wide variety of industries including the manufacturing, trade, and service sectors. John has assisted many MNCs in their restructuring and M&A activities in China. John maintains good working relationship with many tax authorities and has helped many KPMG clients in their discussions and negotiations in respect of various tax matters with the tax authorities. John has been actively involved in the VAT reform Shanghai Pilot Program, helping companies get prepared for the reform.
Mr Kenny Chiu
Senior Manager, China Desk (Tax), KPMG
Kenny joined KPMG China in 2000 and has been specialising in China tax matters for 12 years. Kenny worked in six KPMG offices in China, namely, Hong Kong, Shenzhen, Guangzhou, Fuzhou, Xiamen and Shanghai. He was seconded to KPMG Singapore in May 2012 to provide support on China taxation matters in Singapore.
Kenny has extensive experience in advising multinational clients on China taxation, foreign exchange and business matters. His experience includes advice on a number of substantial group restructuring in China, merger and acquisition, pre-IPO listing advisory etc.
Being specialised in Consumer, Industrial and Infrastructure Markets, he has assisted a number of multinational clients in their restructuring and business expansion in Southern China.
He also advises clients on cross-border transactions and the repatriation of funds from China in a tax efficient manner. In addition, Kenny was involved in several pre-IPO tax review projects. The companies involved are listed in US and Hong Kong Stock Exchanges.
Throughout the years in KPMG China, he has been a member of Global Transfer Pricing Service and International Executive Service team, and has participated in several Transfer Pricing investigation cases and personal tax review projects.