The European Chamber of Commerce in China is pleased to invite you to the China VAT Reform on 30^th August, 2012 at the China World Summit Wing.  

After the Shanghai VAT Pilot, the State Council has recently announced its plan to expand the current VAT Pilot arrangements to ten locations (including Beijing, Tianjin, Jiangsu, Zhejiang, Anhui, Fujian, Hubei, Guangdong, Xiamen and Shenzhen) which would be added to the VAT Pilot arrangements by the end of this year, and more changes would come in 2013. This is a crucial step in the country's indirect tax reform project and is critical information for companies that do business in and with China.

Speaker1

Ms. Yao Jun, Official from the Beijing VAT Pilot Working Committee

- VAT Pilot background
Regulatory process regarding the VAT reform

Speaker2

Mr. Juan Ortin, Senior Manager, Ernst & Young

- China VAT reform.

Why to replace Business Tax with VAT? Main goals and characteristics of the reform.

Speaker3

Mr. Kenneth Leung, Partner, Ernst & Young

- VAT expansion
What is next? After the Shanghai experience, the VAT Pilot will be expanded to Beijing, Tianjin, Jiangsu, Zhejiang, Anhui, Fujian, Hubei, Guangdong, Xiamen and Shenzhen, before the end of this year. Next year, the Pilot may be expanded to other locations and certain industries may be selected to be piloted on a country basis.

- Beijing VAT rules.
What is the impact for companies in Beijing? The Beijing VAT Pilot will start on 1 September. Any company located in Beijing or doing businesses with customers or suppliers located in Beijing may be affected by the changes.
 

Agenda:

15:00-15:30 Registration

15:30-17:00 Presentation

17:00-18:00 Reception Cocktail

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