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German Chamber North China - Tax Update 2012: Corporate Income Tax, Turnover Tax & Individual Income

Event Details

German Chamber North China - Tax Update 2012: Corporate Income Tax, Turnover Tax & Individual Income

Time: April 12, 2012 from 4pm to 6pm
Location: New Century Grand Hotel Changchun
Street: No.2299 Jingyang Road, lvyuan district.
City/Town: Changchun
Website or Map: http://www.china.ahk.de
Event Type: public, business, seminar
Organized By: German Chamber North China
Latest Activity: Apr 11, 2012

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Event Description

Presentation 1: Tax Update 2012: Corporate Income Tax, Turnover Tax & Individual Income
In early 2011, leaders of the Chinese tax-policy decision making organs have shed light on the outline of the tax reforms to be expected in the next five years via the 12th-5 year plan. With the start of 2012, already many of the highlights in the 12th-5year plan have turned into reality within the one year time span. In this presentation, you will learn about some of the key developments in corporate income tax, turnover tax and individual income tax since 2011, with specific emphasis on the following hot topics:

  • Taxation work plan in 12th Five Year Plan - Refresh and Stock-take
  • Development on tax administration rules on cross border transactions

- Reimbursement of expatriate salary – Is secondment still a viable arrangement?
- Repatriation of passive source income ~ What is the latest of the beneficial ownership test?
- Indirect transfer – Real life case sharing & the development

  • What is in the pipeline for Corporate Income Tax - Defensive and Proactive Measures Catering to Changes
  • Main Content of Indirect Tax Reform - Impact of VAT Reform for foreign companies and possible countermeasures
  • Individual Income Tax - Changes in tax rates - Focus on foreigners / high-income tax earners and what to expect in the future
  • Practical tips to minimize tax obligations

About the Speaker:
Ms. Lea Gebhardt is a Tax Manager of the European Business Group of PwC China, Beijing office and Chair of the Finance & Taxation Working Group of the European Chamber in Beijing.

Language: English

Fee: German Chamber Member: RMB 100 | Non-Member: RMB 200

Contact: Ms. Sarah Chen I chen.sarah@bj.china.ahk.de I +86 (0)10 6539 6663

Registration: http://www2.china.ahk.de/chamber/beijing

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Comment by The Choonies on April 11, 2012 at 8:17

Tax and taxation laws should be of interest to all. It's important to pay the correct tax and pay your dues and know why you are taxed. And I have met lots of qualified people who work in the lower pay bands - and happy to do so.

Comment by Richard ridealgh on April 11, 2012 at 8:03
Well I better go then since I am a market value teacher!
Comment by Richard Roman on April 11, 2012 at 7:59

Richard - it is in English

Comment by Alex on April 11, 2012 at 7:39
I really doubt that there are PROFESSIONAL foreigners who decide to move to china for 4800 yuan per month and those I have met don't have any qualification at all beside holding english, American or Canadian passport. So this seminar is surely not for them but maybe for people like those who run school and have to pay serious taxes on their incomes or for truly qualified foreign lecturers who are paid at market value and wonder what to do to reduce the huge impact of taxation over their salary.
Comment by The Choonies on April 11, 2012 at 5:06

Sorry I can't make it.

In China most teachers pay very little tax as the first 4800 yuan is tax free, the next 499 yuan  is taxed at 5%, and if you make from 500 to 1999 yuan more than 4800 then it's 10% of that amount. So most teachers are only interested in this bottom threshold - 4800. 

http://middlekingdomlife.com/guide/foreigner-income-tax.htm see this site for details.

And 200 yuan entrance fee is far too much for most teachers - it's so much more than the tax they pay each month.

Comment by Richard ridealgh on April 10, 2012 at 23:07
Will the seminar be in English or German.
Comment by Richard Roman on April 10, 2012 at 12:53

This looks very interesting

Comment by Philipp Stiebeling on April 10, 2012 at 11:36

I agree, thanks for your support alex!

Comment by Alex on April 10, 2012 at 11:34

This is a very hot topic in China and Changchun. Business people, white collars and teachers are more than welcome to join in order to know more 

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