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Impact of Recent Foreign Exchange, VAT and Export VAT Refund Developments in China
Wednesday, Aug 13 2008 12:15 PM to 2:30 PM AWST
Gondola NenezianaNo. 16 Middle He Nan Road, Huang Pu District (near East Yan An Road)Shanghai Phone: 021-63219803 | Speaker Bengti TanPosition: Tax AdvisorCompany: Baker & McKenzie |
Event Description
Recently, a new regulation limiting deposits on export jobs has been put into effect. The rule is that a total limit of not more than 5% of the previous year’s export value can be held in deposits at any given time. Effectively, this prohibits export oriented businesses from receiving deposits on their projects.The regulation seems too radical to be true, but the banks are following it and are apparently not releasing foreign capital to export companies.
Date: August 13, 2008
Time: lunch time, 12:15 noon to pm 2:30 in the afternoon
Venue: Gondola Neneziana
No. 16 Middle He Nan Road, Huang Pu District (near East Yan’an Road)
Phone: 021-63219803
Price: Pay what you order, set lunch usually about 100 RMB.
Please register online, no email or phone calls please.
Event Owner |
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| Giselle Yang | |||
| +86 (21) 51021617 | |||
| +86 (21) 52583864 FAX | |||
Comments for Impact of Recent Foreign Exchange, VAT and Export VAT Refund Developments in China:
Impact of Recent Foreign Exchange, VAT and Export VAT Refund Developments in China
Wednesday, Aug 13 2008 12:15 PM to 2:30 PM AWST
Speaker Bengti Tan
Position: Tax AdvisorCompany: Baker & McKenzie
Biography
This lunch discussion will focus on the recent developments by the State Administration of Taxation and the State Administration of Foreign Exchange to further regulate export oriented production in the PRC. Participants are invited to consider a case study on the impact to production, and to share the mitigating factors that keep China a competitive destination for production investments.
The discussion will cover the following from an export sale perspective:
a. Deposit Laws for Foreign Exchange
b. Deemed Domestic Sale VAT
c. Customs Valuation of Exported Goods
The session will also present a case study to the group that would illustrate the significance of these recent regulatory and tax developments.
Bengti Tan, Tax Advisor, Baker & McKenzie
Mr. Tan advises on PRC indirect tax, customs, international trade law and national regulatory matters both from a planning as well as a compliance perspective. His practice focuses on the planning opportunities and potential exposures companies encounter when operating inbound and outbound supply chains into / out of China. In addition, Mr. Tan has also advised on the indirect tax legal framework and supply chain re-structuring matters for other Asia Pacific jurisdictions including Vietnam, Thailand, Malaysia and Indonesia. Mr. Tan has also participated in and provided specialist input to government negotiations on international trade instruments, such as bilateral Free Trade Agreements in the Asia Pacific. Mr. Tan has previously been based in Singapore as well as Beijing, and is currently part of the Baker & McKenzie Hong Kong office.
Impact of Recent Foreign Exchange, VAT and Export VAT Refund Developments in China
Wednesday, Aug 13 2008 12:15 PM to 2:30 PM AWST
Gondola Neneziana
No. 16 Middle He Nan Road, Huang Pu District (near East Yan An Road)Shanghai
Phone: 021-63219803
Impact of Recent Foreign Exchange, VAT and Export VAT Refund Developments in China
Wednesday, Aug 13 2008 12:15 PM to 2:30 PM AWST
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Director of Strategic Purchasing, Asia
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