How does China's new Corporate Income Tax Law? back to events


Date: 06/06/2008 - 06/06/2008
Where:
Type: FCCC events
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The Flanders-China Chamber of Commerce and PricewaterhouseCoopers, with the support of Flanders Investment & Trade, organised a seminar about China’s new regulations Corporate Income Tax Law (CIT) which was introduced on 16 March 2007.

On 6 December 2007, China’s State Council approved the long-awaited Detailed Implementation Regulations (DIR) for the implementation of the new CIT.

Since the beginning of 2008, the State Council, the Ministry of Finance and the State Administration of Taxation have issued numerous circulars and guidelines to provide further details on the grandfathering treatments and the application of the new rules. This seminar gave a brief overview about the CIT and some of the important circulars and guidelines.

After an introduction by Mrs Sonck, Executive Director of the Flanders-China Chamber of Commerce, Mrs Anthea Wong, Partner at PricewaterhouseCoopers Hong Kong, focused on the impact of the DIR and the numerous circulars and guidelines providing further details on the new rules. 

She also gave an overview about how these new regulations and circulars influenced the investments and business with and in China. Furthermore, she discussed the opportunities and challenges as well as the most important actions to be taken.

This was followed by a presentation of Mr Claus Schuermann, Director at PricewaterhouseCoopers China, who focussed on the impact on transfer pricing requirements and restructurings with regard to China investments. About 40 participants assisted this seminar.

More information about this event can be obtained by sending an e-mail to: mailto:info@flanders-china.be