5 Mar 2013 (Tue)
This webcast will be available until 4 Mar 2014.
In view of corporate restructuring, Chinese entities may be involved in equity transfer transactions. Today these transactions can be considered as soft targets for tax authorities looking for additional revenues in the current challenging economic climate. For this reason, Chinese tax authorities are unambiguously paying growing attention to the valuation of equity and assets. Based on publicly available information one can estimate that Chinese tax authorities have successfully reached at least 20 cases regarding the investigation on equity transfer and collected additional RMB 2.3 billion tax revenues.
To facilitate the equity transfer examinations, the Chinese State Administration of Taxation ("SAT") has allocated additional resources to this field in order to build strong expertise on valuation in relation to tax enforcement. In particular, SAT and local tax bureaus have arranged multiple internal technical sessions on the topics of "Equity Transfer and Valuation for Taxation Purposes" and released last summer a specific handbook. In parallel the SAT is in the process of drafting new tax circulars on clarifying the administration of the contemporaneous documentation regarding the related party equity transfer transactions.
In this context, this topic is high on the agenda of tax professionals. What are SAT’s recent developments on equity transfer transactions? What are SAT’s considerations on the valuation for tax purpose? What do these developments mean for multinational companies who had conducted (or are planning to conduct) corporate restructuring? How should taxpayers defend positions against challenges on equity transfer valuations? What should companies consider in evaluating the potential tax consequences in view of a restructuring?
These questions addressed by our Tax Valuation Advisory experts during the webcast. Join our panel to discuss the relevant corporate tax, transfer pricing and valuation consequences. By attending this webcast seminar, you would be provided with an overview of SAT’s attitude and current dynamics of equity transfer transactions from a tax valuation, corporate restructuring and financial valuation perspectives. We also shared insights on how to anticipate issues and how to position in a litigation context.
There is 1 hour webcast including a live Q&A session. Webcast link: http://event.on24.com/eventRegistration/prereg/register.jsp?eventid=580627&sessionid=1&key=A5A63D73F8E325A839EC3A32C5AE1D22
||Nova Chan, Partner|
Ray Zhu, Partner
Qisheng Yu, Partner
Anthea Wong, Partner
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