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Seminar: China Tax Update

Jointly organized by Legislative Council Office of the Hon. Paul M. P. Chan and ARC


Paul M. P. Chan, Legislative Councillor (Accountancy)

Peter Kung, Tax Partner, KPMG

Jeremy Ngai, Tax Partner, PwC

Wilson Tam, Advisory Principal / China Tax & Transfer Pricing, Crowe Horwath (HK) CPA Limited

Event Details:

Date: 27 Mar 2010 (Saturday)

Time: 10:30 am - 12:45 pm (Registration starts at 10:00 am)

Venue: Jockey Club Auditorium, The Hong Kong Polytechnic University

Language: Cantonese

CPD credit: 2 hours

Fee: HK$200.00

** Fees collected will be utilized to fund current and future events and activities for development of the accounting profession

About the Seminar:

There have recently been many changes in China tax rules and regulations. Many of these changes will affect Hong Kong companies with operations in the mainland.

It has been widely publicised that many foreign invested enterprices are required to prepare transfer price documentation to support that their inter-company transactions effected at arm's length. An increasing volume of transfer price challenges from the mainland tax authorities on taxpayers is expected.

The mainland authorities have also introduced a number of anti-tax avoidance measures. For example, if a Hong Kong company uses a BVI company to hold equity in a mainland company and it subsequently sells the equity in this BVI company to a third party and makes a gain, a recent tax ruling suggests that this gain may be subject to corporate income tax in China. The vendor should also report the transaction to the mainland tax bureau.

In addition, if a Hong Kong company owns equity interest in a mainland company, the mainland tax authorities may not allow the Hong Kong company to enjoy tax relief under the Double Tax Arrangement (DTA) between the mainland and Hong Kong. There is going to be a "substance" test to determine if the Hong Kong company has sufficient operation in Hong Kong in order to qualify for the DTA benefits. Without the DTA relief, dividends from the mainland to Hong Kong could be taxed at a higher withholding tax rate.

The "China Tax Update" seminar will cover the above issues and other hot China tax topics including:

(a) Anti-avoidance measures:

- Transfer Price

- Capital Gains

- Dividend / Royalty / Interest

(b) Processing industry

(c) Individual taxes and Permanent Establishment issues

(d) Other corporate tax matters

** An interflow session is to be held for soliciting your views and observations during the seminar.


1) Those Interested are requested to register on-line by filling in the attached enrolment form. Acceptance will be on a first-come-first-served basis.

2) Successful enrolments will be confirmed by email. Unsuccessful applicants will be automatically placed on waiting list; they will be called up in the order of time of receipt of registration when vacancies arise.

3) Applicants may check their registration status using the same membership number of their professional affiliation when they register.


1) After receiving our confirmation, you can either pay cash or cheque for admission at location.

2) If pay by cash, please present the Confirmation with your cash payment of HK$200 when you attend the seminar.

3) If pay by cheque, please make cheque payable to Accounting Development Foundation Limited. Write down your name and Enrolment ID number on the back of the cheque and submit it with the Confirmation when you attend the seminar.

CPD Hours Entitlement

Participants who attend the full session of the seminar will be entitled to 2 CPD hours.


Accounting Resources Centre (ARC)

Legislative Council Office of the Hon. Paul M. P. Chan (Accountancy)

ARC is operated under "Accounting Development Foundation Limited", a non-profit making organization established to promote unity and sharing among members in the profession.

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