Please note that this seminar will be conducted in English!

The European Chamber of Commerce is pleased to invite you to a morning seminar on the long awaited and recently approved Corporate Income Tax Implementation Rules.

The Detailed Implementation Rules were approved at the regular State Council meeting on November 28th, enabling the enforcement of the CIT Law to become effective as early as January 1, 2008. The Rules provide definitions and interpretations on dividend withholding tax rates, information about changes to the current tax holiday and preferential tax treatments, and directions for obtaining a high- or new-tech investor status and so on.

The European Chamber is pleased to welcome Mr. Jeffrey Kadett from Deloitte to share with us his insights on the new Implementation Rules and how they will impact your operations in China.

Agenda

9:10 - 9:30    Registration
9:30 - 9:35    Words of welcome
9:35 - 10:35  Presentation by Mr Jeff Kadett, Manager, Business and Tax Advisory Services, Deloitte
10:35 - 10:45 Coffee break
10:45 - 11:30 Q&A

To register for this event please email nanjing@euccc.com.cn by 2pm on Tuesday 15th January. Please note that we will send you a registration confirmation.

Please note that registration starts at 9.10am. Fees will be collected in cash at the entrance.

To ensure the smooth running of the event, please note that registration after the deadline will be accepted only if space permits. If, after registering, you are unable to attend please inform us by phone or by email. Thank you for your understanding.

For any further information about this meeting, the Finance and Taxation Working Group or the European Chamber in general please do not hesitate to contact Ms. Ralitsa Kanetti by telephone: 025 8681 1888 or email: rkanetti@euccc.com.cn

Event review

Review

Participants

To see the list of participants please  click here. 

Within the framework of the Finance and Taxation Working Group, the European Chamber in Nanjing organised a forum looking at the Enterprise Income Tax Law Implementation Rules. Duplicating the December seminar held in Mandarin Chinese, this event gave another opportunity for members to hear experts’opinions on the rules.

Special attention was paid to the two notices related to EIT implementations, which were released on 26 December, 2007 – Circular 39 concerning Implementation of Transitional Tax Incentives for High-new Technology Enterprises newly established in Special Economic Zones and Shanghai Pudong New Area, and Circular 40 on Implementation of Transition Arrangements for Preferential Policies of Enterprise Income Tax.

To access unofficial English translations for these two Circulars provided to us courtesy of Deloitte Touche Tomatsu CPA Ltd., please follow this link:

http://www.europeanchamber.com.cn/groups/additional_info.php?id=161

During the Q&A session following the presentation by Jeffery Kadett, Senior Advisor of Deloitte, members again expressed  concerns that even after the release of the implementation rules there remain many grey areas that need clarification.

To view the presentation slides please  click here.

To view an unofficial translation of the Implementation Rules by Deloitte please  click here

To view more information on the Finance and Taxation Working Group's future and past events in Nanjing and in other chapters of the European Chamber, please click here. 

http://www.europeanchamber.com.cn/groups/workinggroups.php?workgroups=21

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