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VAT seminar: In-depth analysis of the draft China’s VAT law and the relevant impacts

Venue: Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong

Venue: Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong

整齐地摆放硬币

Background of the seminar 

On 27 November 2019, China’s Ministry of Finance (MoF) and State Taxation Administration (STA) jointly issued the draft China’s VAT Law consultation paper (“the draft VAT Law”). The issuance of the draft VAT Law marks the first step in the process of both elevating the status of the VAT rules in China to a legislative form, and in harmonizing the rules for both goods and services. The draft VAT Law will be warmly welcomed by businesses and tax advisers given its use of a coherent and cohesive drafting style which should help to considerably reduce uncertainties in the current rules.. 

KPMG will host a series of VAT seminars and share our insights in respect of the draft VAT Law. The seminars will be held in Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong in December 2019 and we cordially invite you to join us at the seminars.

Objective

The draft VAT Law goes a long way towards implementing more of the OECD’s International VAT/GST Guidelines, in particular, in ensuring that VAT only applies where consumption takes place in China, and in allowing for refunds of excess input VAT credits. Through the series of VAT seminars, KPMG would like share with you our professional insights in terms of the key changes under the draft VAT Law, and the potential impacts that it may bring to the businesses from an operational and tax management perspective.

Furthermore, as the consultation process for the VAT Law is open until 26 December 2019, after which time it is expected that the draft VAT Law will ultimately be considered and approved by the National People’s Congress (NPC), KPMG would also like to take this chance to collect comments from leading industry players, which may form the basis of KPMG’s feedback to be provided to the MoF and the STA during the consultation period.

Content

The following topics will be discussed in the VAT seminars:

  1. Background and context of VAT legislation, and its development towards international standard
  2. What are the key changes in the draft VAT Law compared with the current regulations?
  3. Case sharing: How will these key changes impact companies?

Venue and time

Date

Time

Venue

Contact person

16 December 2019, Monday

08:30-09:00
Registration

09:00-11:00
Seminar

 

Beijing

Meeting room 1-39th Floor, KPMG Tower Oriental Plaza, 1 East Chang An Avenue, Beijing, China

Rolali Li
Phone:+86 (10) 8508 7547
Email:rolali.li@kpmg.com

19 December 2019, Thursday

09:00-09:30
Registration

09:30-11:30
Seminar

 

Shanghai

Meeting room ‘Shen’, ‘You’ 25th Floor, Hang Lung Plaza Phase ll, 1266 Nanjing West Road, Shanghai, China

Elsie Ouyang
Phone:+86 (21) 2212 3897
Email:elsie.ouyang@kpmg.com

Reid Wang
Phone:+86 (21) 2212 2805
Email:reid.wang@kpmg.com

17 December 2019, Tuesday

08:30-09:00
Registration

09:00-11:00
Seminar

 

Guangzhou

Training Room 3-4 22nd Floor, CTF Finance Centre, 6 Zhujiang East Road, Zhujiang New Town, Guangzhou, China

Grace Tang
Phone:+86 (20) 3813 8711
Email:grace.tang@kpmg.com

17 December 2019, Tuesday

 

14:30-15:00
Registration

15:00-17:00
Seminar

 

Shenzhen

Meeting Room 1-2,
14th Floor, China Resources Tower, 2666 Keyuan South Road, Nanshan district, Shenzhen, China

Kathy Chen
Phone:+86 (755) 2547 3418
Email:kathy.y.chen@kpmg.com

 

18 December 2019, Wednesday

10:00-10:30
Registration

10:30-12:00
Seminar

Hong Kong

Meeting Room 1-7 KPMG Office, 8th Floor, Prince's Building, 10 Chater Road, Central, Hong Kong

Wing Cheung
Phone:+852 3927 5626
Email:ww.cheung@kpmg.com


Language

Beijing, Shanghai, Guangzhou and Shenzhen: Mandarin Chinese
Hong Kong: English

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