Taxation in China: Recent Developments and Common Tax Traps
June 1, 2024
Taxation in China: Recent Developments and Common Tax Traps

As the China tax authorities face increasing pressure to meet revenue targets, businesses must navigate a landscape of new tax incentives and potential pitfalls. This zoom session will equip you with essential knowledge on recent developments in Chinese taxation, enabling you to maximize benefits while avoiding common tax traps.

 

  • The new VAT Law takes effect on 1 January 2026. What are the key differences from current VAT rules, and what actions should management consider?
  • How can businesses leverage tax credit incentives for reinvestment in China? What strategies exist for reducing or withdrawing the reinvested amount after the 5-year time bar? Is this incentive a timing difference or a permanent difference?
  • What tax incentives are available for companies exporting services from China, including service centers supporting overseas group companies? How can businesses restructure their operating models to maximize these incentives?
  • What are the important new tax and foreign exchange regulations, alongside the implementation rules of Company Law, that significantly impact businesses in China.
  • Case study on common tax traps in China and practical strategies and tips for avoiding these pitfalls.

Participants are welcomed to email their questions after registration, and the Trainer will address them in the session if appropriate.

  •  

CFOs, Group Tax Managers, Financial Officers, and Management from companies with investments or subsidiaries in China, as well as those considering entering the Chinese market.

Author
Bolivia Cheung

Bolivia Cheung

Bolivia has over 29 years of experience in China tax advisory. She is a distinguished China tax advisor with deep expertise in Mainland China’s tax systems and cross-border business practices.

With previous experience as a tax partner at KPMG China in Hong Kong, Guangzhou and Shanghai, Bolivia has lectured at leading institutions, universities and Hong Kong Inland Revenue Department.

Bolivia holds master’s degrees in Accounting and Practical Philosophy, along with a BA in Business Studies. She is a fellow member of both HKICPA and ACCA and has authored several books on China taxation.

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