With rapid changes in business environment in China, tax rules and regulations have also been changed frequently in the second half of 2010. Recently the SAT released the Circular 75 which provides detailed interpretation of the provisions of the DTA between China and Singapore. It would be taken as a reference for interpreting provisions of other DTA that China entered into with other countries.
In addition, from December 2010, Foreign-invested Enterprises (FIE), Foreign Enterprises (FE), and foreign individuals in China will be required to pay Urban Maintenance and Construction Taxes (UMCT) and Education Surcharge (ES) according to a recent announcement made by the State Council.
The new rules and regulations have had significant impacts on enterprises in the PRC. The presentation will examine changes with a special focus on those aspects affecting the foreign invested enterprises.
Mr. Peter Law - Tax Manager
Peter has been with Mazars for 10 years. His professional knowledge covers all types of PRC taxes. He is responsible for provision of PRC and Hong Kong tax and business consulting services to both corporations and individuals. His areas of expertise include advising foreign investors on optimal investment holding structures and proposed foreign investment enterprises in China. He is actively involved in structuring PRC and HK/overseas cross border transactions such as performing PRC transfer pricing review between related parties, due diligence for mergers and acquisitions, and group restructuring exercises.
One Lujiazui, 68 Yin Cheng Road (M), 8 Floor
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