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5 February 2009 (Thursday)
Understanding the rules, the challenges and what you need to do from here
After much anticipation, the State Administration of Taxation ("SAT") has issued The Implementation Measures on Special Tax Adjustments (Trial) ("the Measures"), including the requirements for transfer pricing contemporaneous documentation ("TPD Requirements").
Since the release of a draft version of the Measures in March 2008, the SAT has received feedback from multinational companies and transfer pricing professionals alike. While components of the TPD Requirements (and the broader Measures) seem to be in line with international practice, there are some aspects that are unique to China.
Amid the milestone of the release of these Measures, PricewaterhouseCoopers hosted seminars in different languages across mainland China and Hong Kong to discuss and provide insights on the Measures including, in particular, the TPD Requirements. In addition, a seminar focussing on considerations for financial services entities was held in Hong Kong. Webcasts (hosted in English) have been held for our overseas and local participants who wish to get up-to-speed on these Measures and the TPD Requirements.
Given this access to first-hand knowledge on the Measures and the TPD Requirements, it is highly encouraged that multinational companies with operations in China (as well as Chinese companies with overseas operations) attend this webcast.
Archived webcast
There are two 1.5 hours audio webcasts including a live Q&A session catering to different time zones:
For Asia and Europe:
| Speakers: |
Jeff Yuan, Julian Hine and Mei Gong |
For North America:
| Speakers: |
Garry Stone, Cecilia Lee, Qisheng Yu and Paul Hoberg |
About PwC transfer pricing team
PricewaterhouseCoopers has over 170 dedicated transfer pricing professionals in mainland China and Hong Kong with wide knowledge in economics, accounting, law, industry expertise, and project management. We strive to assist clients in developing tax efficient structures that help them increase compliance with transfer pricing regulatory requirements, prepare for rapid audit response, resolve disputes, and decrease adjustment exposure in the future. To offer our clients with global support, we work closely with our global transfer pricing network of more than 100 partners and 1,500 dedicated professionals in over 50 countries.
According to the Global Tax Monitor, an independent global study conducted by research agency, TNS, PricewaterhouseCoopers is ranked as the leading Transfer Pricing firm in mainland China, Hong Kong and Singapore according to reputation figures for the year ending September 2008. (Survey conducted with 300 primary buyers of tax advice in companies in China (100), Hong Kong (100) and Singapore (100)).
Enquiries
For enquiries, please contact our
Upcoming webcasts
A series of webcast is being planned. Watch for more details!
Remark
The information contained here is for general guidance and is not meant to be comprehensive. The organizer conserves the right for final explanation. |
