China Committee Presents Seize the opportunities: China's Further Tax Reduction
Sarah Chan and Winnie Shek, both Partners of Tax and Business Advisory Services, Deloitte China, spoke about Mainland China’s new measures to implement further tax and levies reduction at a roundtable luncheon on 19 July. The speakers explained a range of topics, including the relaxation of R&D super-deduction requirements as well as the extension of tax incentives currently given to venture capital to high-tech enterprises in eight designated locations plus Suzhou Industrial Park. They also discussed the streamlining of applicable VAT rates, the reduction of thresholds for enjoying the small enterprises preferential corporate tax rate, and tax deductions for commercial health insurance.
2017/07/19
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China Tax Evolution: Value-Added Tax (VAT) Pilot Reform
Deloitte China Tax Partner Sarah Chan and Tax Director Raymond Chan spoke at a Chamber roundtable on 12 April about the upcoming tax reform in the Mainland. They analyzed the VAT (value-added tax) reform’s implementation and explained its impact on newly included industries such as construction, real estate, financial and non-financial services.
2016/04/12
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OECD's Common Reporting Standard – Why it Matters?
Patrick Yip, FATCA & CRS Country Leader, and Candy Chan, Tax Partner, both from Deloitte China, spoke at a Chamber roundtable luncheon on 27 November on Common Reporting Standards under the Automatic Exchange of Information regime.
2015/11/27
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Relaxed or Restricted? What Foreign Investors Should Do in View of the Latest Chinese Tax Developments
Sarah Chan, Tax Partner, and Polly Wan, Tax Director,Deloitte China, spoke at the Chamber's roundtable luncheon on preferential tax policies and relaxed foreign investment thresholds launched by the Mainland government. While these measuresare welcomed by businesses, the Chinese Tax Authorities have also introduced new regulations to tighten compliance requirements and implemented various self-assessment and reporting schemes to increase transparencies. Lack of awareness or failure to meet the requirements would potentially expose businesses to significant tax risks.
2015/03/20
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What is Base Erosion and Profit Sharing and Why Should Businesses be Concerned About the OECD's Action Plan to Address This
The OECD has, in recent years, been working on an international platform for governments to redesign a common taxation architecture aimed at promoting transparency and minimising double non-taxation. Dubbed Base Erosion and Profit Shifting (BEPS), an initial framework was unveiled on 16 September,2014,by the OECD providing useful insights for taxpayers engaged in cross-border transactions. BEPS represents one of the most significant developments on the international taxation landscape as ever more governments, including China, strive to safeguard their tax base and curtail tax avoidance. As an international standard, BEPS will surely affect Hong Kong businesses.Anthony Lau and Patrick Cheung, Tax Partners at Deloitte China, shared their views on the potential impact of BEPS, as well as its effects on transfer pricing arrangements on intangibles and service transactions, and transfer pricing documentation.
2015/01/19
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