A major tax administration project, which should be implemented nationwide by the end of 2016, will have a significant impact on filing and reporting obligations relating to individual income tax (IIT) in China.  The “Golden Tax System” (GTS) is an electronic tax administration system developed by the Chinese government in the 1990s as one of 12 government information management systems. The first two iterations of the system, GTS I and II, used information technology mainly to improve compliance with China’s value-add tax regulations, notably the use and authentication of fapiaos, etc. The third version of GTS (GTS III) contains more sophisticated functionality that ultimately will be integrated with all industries, tax categories and tax administration areas, especially for PRC Individual Income Tax (IIT) purposes. 

The cities of Shanghai and Beijing will roll out GTS III before September 2016, and Jiangsu and Zhejiang provinces will officially launch the system in the fourth quarter of 2016; GTS III is expected to be implemented nationwide by all levels of the tax authorities by the end of 2016.   The IIT filing process will be significantly affected by the implementation of GTS III since the tax authorities are aiming to establish a centralized data system for all companies and individual taxpayers that will facilitate intensified IIT administration.

Join us on this buffet-style breakfast seminar that provides a bite-sized piece of professional knowledge to start your day. 

Agenda

08:30 – 09:00    Registration and Breakfast

09:00 – 09:10    Welcome remarks by Mr. Max Merkle, Communications and Business Manager, European Union
                           Chamber of Commerce in China, Shanghai Chapter

09:10 – 09:50    Overview of China IIT and future policy shift Key implications of GTS III and its impacts on MNCs
                           by Ms. Rene Lu, Tax Director Deloitte.

09:50 – 10:20    Break and Discussion

10:20 – 10:50    Intensified IIT enforcement trend in China Case sharing by Ms. Rene Lu, Tax Director Deloitte.

10:50 -11:10      Q&A

11:10                End of Event 

Payment:

You can pay at the day of the event using cash or local debit/credit cards. The European Chamber can give you an official fapiao for amount exceeding 200 RMB, and this will be sent to you via courier a few days after the event.

Terms & Conditions:

Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance.

Cancellation Policy:

If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify us of your cancellation 24h before the event, you will be charged for event costs.

To cancel you can: 1) email: lamendivil@europeanchamber.com.cn, or 2) cancel online if you registered for the event through the website.

Speakers

Ms. Rene Lu

Tax Director Deloitte

Ms. Rene Lu

Tax Director Deloitte

View speaker details

Rene Lu is a tax director with the Global Employer Services (“GES”) team of Deloitte Shanghai. She started her professional career with Deloitte in 2004 and has been a specialist in the GES field since then. She has managed the delivery of services to many key clients including high growth companies and large multinational organizations.
Rene’s primary professional experience include PRC Individual Income Tax (IIT) tax compliance/advisory services for inbound and outbound assignees, compensation structuring, IIT compliance review, international mobility management, social security consultancy, compliance/advisory on global equity incentive plan, etc. for many multinational companies.
Rene participated in the compiling of the 2009 CCH publication "Expatriate Management in Asia".
Rene is a member of General Certified Accountants Association of Canada (CGA) and a member of Chinese Institute of Certified Public Accountant (CICPA).
Rene graduated from Shanghai Finance & Economics University with a Master of Finance & Accounting.

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