Minimising Tax & Maximising Returns in China
LehmanBrown International Accountants Managing Partner Russell Brown will be delivering a seminar in Singapore on 2nd September 2014. If interested to attend, you can register here: https://app.icpas.org.sg/cpe/Enrolment/CPECourseDetail.aspx?CourseID=893&ProgGroupID=0
Outline
- China Enterprise Income Tax Law
- Tax resident and permanent establishment
- Dividend withholding tax and holding company
- Thin capitalisation rule: tax versus business
- Tax incentives
- Transitional period and grandfathering relief
- Cross-border charges
- PRC tax implications: Business tax, EnterpriseIncome Tax and other
- Foreign exchange restrictions and procedures
- Possible planning for remittances
- China Transfer Pricing
- Special features of China Transfer Pricing Audits
- An update of Chinese Transfer Pricing Regulations
- “Dos and Don’ts” when managing transfer pricing audits in China
- Emerging TP issues in China
- Advance Pricing Arrangement (APA) in China – regulations and practice
- Efficient tax structure for your business operations in China
- Transfer pricing as a regional planning tool
- Taxation on corporate restructuring
- Common forms of restructuring
- Business requirements and constraints
- Latest changes: tax-free restructure not guaranteed
- Common pitfalls
- Tax Planning for Expatriate Employees
- Understanding Individual Income Tax (IIT) in PRC
- Withholding and other obligations of the employer
- Common IIT planning ideas
- How can expatriates be protected by a tax treaty?
- Profit Repatriation and Foreign Exchange Issues
- Overview on remittance of trade and nontrade items
- Common techniques of profit repatriation
- Potential tax consequences and planning opportunities
- Tax clearance requirement
- Overview of Shanghai FTZ
- What are the benefits to foreign investors
- Who can benefit most from Shanghai FTZ
- What are the tax planning opportunities
Trainer’s Profile
Mr. Russell Brown
Founder & Managing Partner
LehmanBrown International Accountants, China
Mr. Russell Brown is Founder and Managing Partner of LehmanBrown International Accountants, a China-focused accounting, taxation and business advisory firm with operations in Beijing, Hong Kong and five other offices across China employing around 200 professionals.
Russell has over 28 years working experience including 20 years living in China and involved establishing and developing businesses in China. Prior to founding LehmanBrown Russell was Global CFO of one of the world’s largest public relations and communications consulting companies and prior to this their Asia Pacific Regional CFO. He currently acts as advisor to international companies entering the China market and to Chinese companies venturing abroad, and is a founding director of the Asian Transformation and Turnaround Association. He is also a frequent speaker at conferences and seminars on taxation, accounting and business matters in China.
Russell gained BA (Hons) in Business Studies from Bournemouth University and is a Fellow of the Chartered Institute of Management Accountants (CIMA) in the UK and an Associate of the Institute of Chartered Accountants of England and Wales. He is currently Chair of the British Chamber of Commerce in China and prior to this has also acted as Vice Chair and Treasurer. He is also Vice Chair of the China British Business Council and an Honorary Member of The 48 Group Club. Russell is actively involved in many charitable events and is Chair of Beijing’s annual British Charity Ball and St George’s Day Charity Dinner. He is also a member of Rotary Club of Beijing.
