To support the Government's efforts to stop the spread of the coronavirus, we will postpone upcoming roundtable luncheons, seminars, training programmes and networking receptions. Safeguarding public health is our top priority. We will announce the new date in due course and arrange a full refund for those who have booked. Thank you for your understanding.
Three important draft laws were introduced in Mainland China towards the end of 2019. They include many regulatory changes that are expected to bring both opportunities and challenges to enterprises operating in the Mainland.
The Chinese Ministry of Finance and the State Taxation Administration jointly published the Value-Added Tax Law of the People's Republic of China (Draft for Public Comments) and the Consumption Tax Law of the People's Republic of China (Draft for Public Comments) on November 27 and December 3 respectively. These two draft laws inherit many of the current policies for VAT and consumption tax, but include some important changes that businesses should be aware of.
On December 28, the National People's Congress issued the draft Export Control Law of China for public consultation. This law provides rules on the export of goods, technologies and services related to national security.
The Chamber is delighted to have Sarah Chin, the China indirect tax leader at Deloitte, join us on February 10 to share her insights on these new laws. She will provide practical advice for tax management and optimization to help companies cope with the various challenges and embrace the opportunities in the changing tax environment.