As we reflect on the passing of 2023, companies are encouraged to proactively assess transactions that unfolded throughout the year and their implications on the 2023 tax provision, along with associated compliance requirements. Additionally, strategic considerations are essential to facilitate efficient tax planning for the upcoming year, 2024.

• 2024-01-25 | 16:00 - 17:30
• Go to Webinar

In the current complex and changeable economic environment, the execution results of the transfer pricing of the inter-group affiliated transactions of multinational enterprises are likely to deviate from the expected goals, resulting in the profit and loss level of the affiliated transactions being lower than expected or the retention of excess profits. In order to deal with the adverse effects of these deviations and effectively manage the potential tax risks, multinational enterprises can manage the annual execution results of transfer pricing between related enterprises through the year-end adjustment of transfer pricing. The European Chamber Nanjing Chapter invited KPMG expert team to exchange and share the latest development and practice of transfer pricing adjustment at the end of the year.
在当前复杂多变的经济环境下，跨国企业在集团内部关联交易转让定价方面的执行结果很可能与预期目标出现偏离，导致其在关联交易中所取得的损益水平不及预期或者留存了超额利润。为了应对这些偏差所带来的不利影响并有效管理潜在的税务风险，跨国企业可以通过转让定价年末调整来管理关联企业之间转让定价的年度执行结果。欧盟商会南京分会特邀KPMG专家团队为企业带来转让定价年末调整最新发展和实践的交流分享。

• 2024-01-22 | 15:30 - 17:00
• KPMG Nanjing Office

Cost management remains a prominent concern for foreign businesses operating in China in 2023, especially for manufacturers and SMEs facing economic uncertainties and tax-related challenges.
In today's rapidly changing business landscape, effective risk management directly translates into costs. To enhance business resilience, companies must adhere to several key components and tactical approaches for cost management in China.
In this seminar, the European Chamber Nanjing Chapter is pleased to invite Shirley Chu, Manager with Tax Advisory Service team and Simon Laube, Assistant Manager with the International Business Advisory team, at Dezan Shira & Associates, to share valuable insights on cost control solutions from tax, HR, and business perspectives, with a particular focus on China-specific tax avoidance arrangements and workforce optimization.

• 2023-11-28 | 15:00 - 16:30
• Pacific Restaurant

How can French enterprises get a deeper understanding of the particularities and complexities of the Chinese market, so as to better adapt to and integrate in an era of digital transformation？How can Chinese companies fully understand and adapt to the French market, to better "go global" in an era of globalization? This forum will invite representatives from China and France’s governments, business communities, and academic circles to engage in in-depth discussions on these questions and more. In the process, they will promote bilateral business exchanges along with the stable and far-reaching development of Sino-French relations, jointly helping to write a new chapter of cooperation for the future.

• 2023-11-16 | 16:00 - 19:00
• China Europea International Business School (CEIBS)

The Investment Working Group and Finance & Taxation Working Group are pleased to invite you to the meeting “Overview and Outlook of Capital Market”, which will take place on November 15th 3:00 pm-4:30 pm (Beijing Time) offline at the European Chamber Shanghai Office and online via Zoom. At this meeting, Mr Jens Ewert, National Chair of the Investment Working Group, and Mr Emmanuel Gros, Managing Partner from B&A Investment Banks, will share recent updates on China’s capital market. Specifically, the presentation will cover overview and outlook on CN Capital markets and Mergers and Acquisitions Investments.

• 2023-11-15 | 15:00 - 16:30
• European Chamber Shanghai Office and Online Zoom

Forum Background

The comprehensive strategic partnership between the European Union (EU) and China turns 20 this year. Over the past two decades the EU and China, two of the world’s leading economies, have engaged in mutually beneficial cooperation in a win-win manner and achieved significant success in fields such as politics, economy, culture, and science. As of the end of 2022, EU-China bilateral trade volume reached $847.3 billion, with each side the second-largest trading partner of the other. The stock of two-way investment between China and the EU has exceeded $230 billion, benefiting people on both sides and contributing greatly to world peace and economic prosperity.

Looking ahead, the two sides hold great potential for cooperation and share common interests in promoting economic growth and financial stability, coping with the energy crisis, curbing inflation, and pursuing green and digital transitions. As such, they have decided to set up a financial working group under the China-EU High-Level Economic and Trade Dialogue (HED) mechanism to strengthen cooperation in financial areas such as financial liberalisation, infrastructure, and regulation, as well as sustainable finance and fintech. However, some tension does exist within the relationship – EU authorities have recently opened an anti-subsidy investigation into Chinese electric car imports, for example.

• 2023-11-14 | 16:30 - 19:10
• CEIBS Shanghai Campus

The European Chamber is pleased to invite you to the Finance & Taxation Working Group meeting “Cross-border Remittance and Receipts at Post-pandemic Era”, which is going to take place at 15:00-16:30 Thursday, 9th November, 2023 offline and online.

• 2023-11-09 | 15:00 - 16:30
• European Chamber Shanghai Office and Online

This event serves as a platform to connect European SMEs with the Chinese local government for deep engagement and networking, as well as an opportunity to discuss the issues, recommendations, and possible solutions to the key issues impacting European SMEs operating in China with industry players, local associations, and experts in government relations.

• 2023-10-11 | 14:00 - 16:00
• European Chamber Shanghai Office

After a rapid exit from the zero-COVID policy, there is a lot happening across the country’s economic and tax landscape. We could start to see a return to robust consumer spending, driving a return to slow-but-steady domestic growth in key markets. Meanwhile, the continuous expansion and opening of China's capital market have provided a range of innovative new investment channels and opened potential M&A opportunities. Of course, the new opportunities bring fresh international taxation challenges. There are several key dimensions to the current changes in the economy and trade and investment climate that are impacting China’s tax and regulatory policies and enforcement approaches. The European Chamber Nanjing Chapter is pleased to invite KPMG China to share insights on China’s latest supply chain trends and recent hot spots in international taxation in the following topics.

• 2023-08-25 | 08:30 - 10:00
• 7F, VIP room, Kwee Zeen, Sofitel Nanjing Galaxy Suning 索菲特苏宁银河大酒店7层锦厨自助餐厅VIP Room

近三年来，海关将进口货物审价的重点转向了特殊关系影响成交价格的审查，特别存在转让定价安排的龙头跨国企业是海关审查的重要对象。由于海关往往倾向于认定企业整体利润率过高是因为进口价格过低导致，需要调高进口价格补税；而税务机关恰恰相反，倾向于防止利润率过低侵蚀所得税税基。现有海关和税务机关各自的价格预裁定和预约价格安排机制虽可在一定程度上提高企业对执法的预见性，但是由于缺乏协调机制，在两部门相互冲突的税收目标下，跨国企业制定转让定价安排仍然面临不确定的税务负担和冲突的审查标准。而且，实践中海关很少对价格作出预裁定，预裁定更多被应用于归类领域。

2022年5月18日，深圳海关和国家税务总局、深圳市税务局联合发布了《关于实施关联进口货物转让定价协同管理有关事项的通告》（深关税〔2022〕62号）旨在解决这一问题。据悉，本次协同管理系在海关总署和国家税务总局共同指导下形成的全国首例海关、税务转让定价协同管理的方案（简称“本次方案”），很可能对其他地方的海关和税务机关形成示范、推广效应，非常值得存在转让定价安排的关联进口企业，特别跨国企业的关注。为此，欧盟商会南京分会特邀德勤海关、税务专家结合过往应对海关转让定价审查的经验对本次方案中的重点内容做出分析、解读，供相关企业参考。

In the past 3 years, due to the lack of coordination mechanism, transnational enterprises still face uncertain tax burden and conflicting examination standards when making transfer pricing arrangements under the conflicting tax objectives of the Customs and the Taxation Bureau. Moreover, in practice, the customs seldom makes a preliminary ruling on the price, and the preliminary ruling is more used in the field of classification.

On May 18, 2022, Shenzhen Customs, the State Administration of Taxation and Shenzhen Municipal Taxation Bureau jointly issued the Notice on Matters Related to the Implementation of the Coordinated Management of Transfer Pricing of Related Import Goods (Shenzhen Tariff [2022] 62) to address this problem. It is reported that this coordinated management is the first coordinated management scheme of Customs and tax transfer pricing in China under the guidance of the General Administration of Customs and the State Administration of Taxation (referred to as "this scheme"), which is likely to have a demonstration and promotion effect on customs and tax authorities in other places, and is very worthy of the attention of related import enterprises with transfer pricing arrangements, especially multinational enterprises. Therefore, the European Chamber Nanjing invited the experts from Deloitte to review the customs transfer pricing and interpret the key content of this program combining with the past experience.

• 2023-06-20 | 15:00 - 16:30
• Deloitte Nanjing Office