A two-day technical update with live group instruction on the latest legal, tax and finance issues facing companies with operations or business opportunities in China.

Course Level: Update Delivery Method: Live Group

LEARNING OBJECTIVES

After attending this event, participants will be able to
• Describe typical offshore fund structures
• List common legal challenges and solutions on doing business in China
• Discuss the new development of VAT, customs and business tax laws
• Evaluate tax law changes in China and the United States and their impact on cross-border investments
• Identify how to structure tax free transactions or minimize tax consequences
• Understanding recent leadership changes and the market environment in China

 

All paid attendees will receive the Bloomberg BNA Portfolio: Business Operations in the People’s Republic of China #957-3rd

*One Portfolio per paid attendee.  Quantities are limited.

PREREQUISITES

There are no prerequisites for attending this program.

SUBSTITUTIONS, CANCELLATIONS & COMPLAINTS

If you are unable to attend this event, you may: transfer your registration to another person from your company for the same event; or transfer your registration to a substitute event listed on our web site. In either instance, there will be no charge or penalty for substitution.

To request a transfer, contact customercare@bna.com with the new attendee or substitute event information more than 5 business days prior to the conference start date. On the first day of the event, absent attendees will be considered “no shows” and will not be eligible for a refund, transfer, or substitute event. Cancellations must be made in writing to customercare@bna.com more than 5 business days before the event and will be assessed a $350 conference setup fee. Cancellations will not be accepted if notice is received fewer than 5 business days before the event.

For more information regarding administrative policies, such as complaints and cancellations, please contact us at 800.372.1033, or e-mail customercare@bna.com.

 

Bloomberg LP
731 Lexington Avenue
New York, NY 10022
Tel: 212-318-2000

Hotel accommodations are at your own discretion.

We suggest the following:
Renaissance New York Hotel – Tel: 866.240.8604
130 East 57th Street, New York, NY

Fitzpatrick Hotel Group – Tel: 800.367.7701
687 Lexington Avenue, New York, NY

DoubleTree by Hilton Hotel Metropolitan – Tel: 212.752.7000
569 Lexington Avenue, New York, NY

Thursday, November 14th

8:00 am Registration and Continental Breakfast

8:30 am Welcome and Introduction

8:45 am China Business Update
• Understanding recent leadership changes and the
market environment in China
• Emerging economic trends in China
• How will China’s economy fare in 2013/2014?
• How will the US and China economic stimulus packages
affect your business in China?

9:30 am Legal Aspects of Operating a Business in China
• The evolving legal landscape from the perspective of
foreign-owned companies
• Forms of doing business – what structure is best suited for
your business
• Common legal challenges and solutions on doing business in China
• The legal “Dos and Don’ts” for doing business in China

10:30 am Break for Refreshments

10:50 am Tax Aspects of Structuring Investments in China
• Latest tax law changes in China
and their impact on cross-border investments
• Implementing tax-efficient structures for investments in China
• Use of holding companies for investing in China
• Repatriation of profits – tax efficient options and obtaining tax
treaty benefits for transactions with China

12:15 pm LUNCHEON

1:30 pm Planning for non-PRC Resident Companies Doing Business in China
• What constitutes a permanent establishment (PE) in China?
• Avoiding status as a services PE in China and the impact of
employee secondment arrangements
• How to manage and mitigate the tax exposure of PE status in China
• Understand withholding tax, tax compliance and tax-related implications of having PE status in China

2:30 pm Break for Refreshments

2:50 pm China Tax Treaty Update
• Scope of China’s tax treaty network - Singapore
• Understanding the China-US Income Tax Treaty
• Claiming tax treaty benefits for payments subject to withholding tax in China
• Benefits of organizing a holding company and choice of jurisdiction

4:00 pm Transfer Pricing Developments in China
• Latest developments and areas of focus by the SAT
• What you need to do to comply with Chinese TP rules
• Comparison of transfer pricing rules in the U.S. and China
• Transfer pricing audits and enforcement in China
• Current topics for high tech companies doing business in China

5:15 pm Meeting Adjourns for the day

Friday, November 15th

8:00 am Continental Breakfast

8:30 am Greater China Region – Legal, Tax and Trade Developments
• Major developments in HK and understanding the new
offshore claim regime
• Major developments in Taiwan and Macao
• How to benefit from an integrated Greater China market
• Value chain transformation for Greater China

9:30 am Refreshment Break

9:50 am Legal and Tax Aspects of Mergers, Acquisitions & Reorganizations
• How to structure tax free transactions or minimize tax consequences
• Business and tax consequences of different forms of acquisitions and reorganizations from both the seller and buyer’s perspectives
• Legal and tax due diligence in acquiring an existing Chinese company
• Alternative exit strategies– sale, purchase, reorganization or liquidation - Chinese bankruptcy law and other measures

11:20 am Indirect Taxes in China - VAT, Customs Duty and Business Tax
• Learn the new development of VAT, Customs and business tax laws
• Understand how major turnover taxes can significantly affect your business operation and supply chain as well as earnings in China
• What you need to know about each turnover tax, such as VAT, Customs Duty and Business Tax
• How to best plan each turnover tax to maximize your earnings in China

12:30 pm LUNCHEON

1:30 pm Financing Operations in China
• Understanding the Thin-Capitalization rule under Circular 121 on
investments and capitalizing operations in China – debt v. equity
• Limitations on the use of debt and bank financing in China – investing
equity in FIEs (Order No. 8)
• Foreign currency considerations and cross-border trading in RMB – how foreign exchange controls interact with financing in China
• Use of offshore Rmb Dim Sum bond to finance China operations

2:30 pm Break for Refreshments

2:50 pm Structuring Investments in RMB Funds and Real Estate in China
• Tax-efficient vehicles for investing in China equity markets
• RMB fund structures – Qualified Foreign Institutional Investors (QFII)
• Typical offshore fund structures
• PRC real estate investment and development structures

4:00 pm Expatriate Income Tax Issues in China
• Learn the latest expatriate income tax considerations, including
social security tax affecting long-term and short-term expatriates
• Strategies for minimizing the overall cost of IIT
• Understand the new IIT filing requirements and related compliance requirements to avoid penalties
• Tax rules relating to US expatriates receiving equity compensation

5:00 pm Meeting Ends


Copyright 2013 Bloomberg BNA

EDUCATIONAL COURSE CREDIT

UP TO 16 CPE CREDIT HOURS AVAILABLE

Bloomberg BNA is registered with the National Association of the State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.

UP TO 16 CLE CREDIT HOURS AVAILABLE

Bloomberg BNA will apply for continuing legal education credits in any state or jurisdiction where available. For more information, please contact Bloomberg BNA customer service at 800.372.1033 and ask to speak to the CLE Accreditations Coordinator, or email us at accreditations@bna.com .

HARDSHIP POLICY

Bloomberg BNA offers a hardship policy for CPAs and other tax and accounting professionals who wish to attend our live conference and seminars. Individuals must earn less than $50,000 annually in order to qualify. For individuals who are unemployed or earning less than $35,000 per year, a full discount off the price of registration for the program will be awarded. Individuals earning between $35,000 and $50,000 per year will receive a 50% discount off the price of the program.

If an individual wishes to submit a case for hardship, he or she must contact Bloomberg BNA directly at accreditations@bna.com. Please include the following information with your request: complete contact information, program for which a hardship reduction is being requested, requested amount for hardship reduction, and reason for applying for hardship. Please note that requests will not be considered until 30 days from the program date and that individuals may only apply for a hardship reduction once within a 12-month period. Bloomberg BNA reserves the right to make a final determination on a case-by-case basis. Our decision for granting a hardship is final and submission does not constitute acceptance.