Latest Changes to China’s Tax and Business Policies and its Implications on Foreign Investors

In the past year, businesses in China underwent significant changes due to COVID-19 and restructuring in China. The China government extended COVID-19 tax reliefs and introduced new policies of which some had significant impact on foreign investors. This timely webinar will provide an update on China’s latest tax and business regulations, how it affects Chinese subsidiaries of foreign investors, and how to reduce the associated risks

• The Foreign Investment Law and its impact on foreign investment enterprises
• Big data and Golden Tax System – how can tax bureaus select targets for tax investigations and common tax risks
• Latest tax reliefs and new tax rules
• COVID-19 and its impact on permanent establishment and tax residency on foreigners locked-up in China
• Special rules in special zones – Greater Bay Area, Shenzhen city, Hainan Free Trade Zone and Shanghai Pilot Free Trade Zone
• New rules stating the procedures and documents required for cross-border remittances
• Case study:
• Corporate restructuring for listing in China stock exchange
• Foreign investor disposing a Chinese subsidiary to Chinese buyer – tax, remittance and practical issues
• Reducing tax burden by using small-scale taxpayers and sole proprietorship
• Taxation of internet key opinion leaders (KOL)
• Disposal of a group with Chinese subsidiaries – taxability in China
• Application for withholding tax reduction on dividend payable to overseas shareholder
• Annual individual income tax filing of foreigners during COVID-19 locked down