Events 2008 @ LehmanBrown.com

• The new PRC Corporate Income Tax Law, Transfer Pricing Update and their Impacts on Business
  [2nd April 2009]

Date: 2nd April 2009
Time: 08:45 – 13:30
Venue: SBR Seminar Room 2, 21st Floor, Keppel Towers, Singapore
Cost: SBF members – S$224.70 / Non-members – S$331.70
RSVP: +65 6827 6828

LehmanBrown, in-conjunction with the Singapore Business Federation is pleased to invite you to:

The new PRC Corporate Income Tax Law, Transfer Pricing Update and their Impacts on Business

Transfer pricing audits are one of the top priorities for the PRC tax authorities. The PRC tax authorities are strengthening their transfer pricing enforcement. The avoidance of double taxation arrangements between China and other jurisdictions help to combat tax evasion and limit tax avoidance by allowing and promoting the exchange of information between the tax authorities. Moreover, the PRC authorities use public and private databases when conducting tax anti-avoidance work.

The State Administration of Taxation promulgated the Implementation Regulations for Special Tax Adjustments as set out in notice, Guo Shui Fa [2009] No. 2, dated 8th January 2009. These regulations take effect from 1st January 2008 and provide more detailed guidance on how special tax adjustment will be determined and enforced going forwards, particularly in regards to transfer pricing. All enterprises are required to comply with the latest documentary requirements.

Besides the latest transfer pricing development, the National People's Congress of China has adopted a new Corporate Income Tax law (CIT Law), which took effect on 1st January 2008. The former foreign invested enterprises (FIEs), foreign enterprises (FEs) and domestic invested enterprises (DEs) income tax laws will be repealed. The new corporate income tax law standardises corporate tax at 25 percent. This will help create a level playing field for foreign businesses and will help China attract the industries it wants to develop.

This workshop aims to assist SBF members with their understanding of the new PRC Corporate Income Tax law as well as providing the latest update on PRC Transfer Pricing policies.

All are welcome to attend.

Workshop Curriculum and Program

Curriculum

- Background and overview of the new PRC corporate income tax (CIT) law
- Key contents of the new CIT law
- Transfer Pricing Update
- Implications for foreign investors and tax planning considerations
- Structuring tax efficient holding structure
- Value-added tax and Business Tax Update
- Relevant Considerations for carrying on business in China
- Q&A

Program
08:45 – 09:00 Registration
09.00 – 12:30 Workshop period
12.30 – 13:30 Networking Lunch

Suitability
This event is aimed at General Managers and those working within the Finance or Taxation Departments of enterprises with China business operations.

Guest Speaker
Carl Poon, Tax Director at LehmanBrown’s Shenzhen office.

Registration Details
To reserve your place at the Workshop, please call Singapore Business Federation at +65 6827 6828