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Tax Update Breakfast Seminar

BritCham / CBBC
Event type Breakfast
Date Tuesday, July 26th, 2011
Time 08.00 – 08.30 Registration
08.30 – 10.00 Breakfast, Presentation and Q&A
Open for All welcome
Cost Members 200 RMB Non-Members 350 RMB
Pay method Pay on the door
Contacts hayley.thomas@britishchamber.cn (010)8525 1111-704
Venue Kempinski Hotel Beijing Lufthansa Center
Organiser BritCham / CBBC
Address 50 Liangmaqiao Road, Chaoyang District, Beijing 100125, Tel 010-8610 6465
北京市朝阳区亮马桥路50号, 电话:010-6465 3388
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A look at indirect equity transfers and RMB (re-)Investments by foreign investors

"Tax Consideration for Indirect Equity Transfer"
At the end of 2009, the State Administration of Taxation (SAT) issued Guo Sui Han number 698 (Circular 698), relating to tax issues for equity transfer by non-China Tax Resident Enterprises. Circular 698 is one of the steps being taken by Chinese tax authorities in order to tackle various tax avoidance arrangements and transactions. Circular 698 has had a significant impact on many foreign investors that use offshore holding companies to invest in China. In light of this, Tracy Zhang will outline recent updates relating to indirect equity transfer in the context of SAT Announcement 24, which clarifies Circular 698 taxation requirements of indirect disposal of equity interests. <Announcement 24/The update> also discusses whether offshore indirect disposal rules will be extended to include those by non-residents. Tracy will discuss the legal framework for these transactions and give examples of real life case studies.

"RMB (Re-) Investments by Foreign Investors in China"

Recent circulars concerning RMB (re-)investments (namely Yin Fa [2011] No. 145, PBOC Publication [2011] No. 1, and Hui Zi Han [2011] No. 7.) may impact foreign RMB (re-)investments structure in China. Susanne Rademacher will highlight the general legal framework for such (re-)investments issued in recent years, and analyze the complexities foreign investors face vis-à-vis the newly published announcements.

Guest Speakers

  • Tracy Zhang,KPMG
  • Susanne Rademacher,Beiten Burkhardt

See below for speaker bios.

Tracy Zhangjoined KPMG in 1996 and after working in Beijing, was seconded to their Qingdao office as head of local tax practice. From 2007- 2008 she worked on International Corporate Tax at KPMG New York and KPMG Financial Service practice in London. Tracy is a PRC regulatory and tax expert on China investment related issues. Since 2004, she has been functioning as one of the leaders of the Financial Service Tax team for KPMG Beijing, looking after domestic and foreign banks, funds and insurance clients. She has also been involved in developing structures for foreign investments into China, tax due diligence reviews, and advising on cross border transactions.

Susanne Rademacher is an equity partner and head of office for Beiten Burkhardt Beijing. Her areas of expertise comprise corporate as well as foreign direct investment in China, where she advises clients from the automotive, chemical, machinery, renewable energy and hotel/hospitality industries. Susanne studied law at the Universities of Cologne, Germany and Lausanne, Switzerland as well as studying Chinese language at Beijing Foreign Languages University with joint scholarship from the European Union and China Ministry of Commerce. She was admitted to the German Bar in Cologne and is a foreign registered lawyer with the China Ministry of Justice.

Registration and Cancellation: We will confirm your registration by e-mail, and this email acts as proof of booking. Please note that, as with all BritCham events, we are liable for any cancellation costs; if you should need to cancel, please let us know at least 24 hours before the event or we will unfortunately need to pass on these costs and invoice you accordingly.



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