This event is cancelled.

For multinational corporations operating in China, repatriating cash from their subsidiaries has always been an important but challenging issue.

China maintains a strict system of foreign exchange controls, meaning funds flowing into and out of China are tightly regulated.

Further, depending on the bilateral Double Taxation Agreements between China and the contracting country where the foreign parent company is located, generating income in China has tax implications which might affect the overall tax burden of both the China-based subsidiary company and the foreign parent company. 

In this environment, businesspeople need to understand and incorporate a profit repatriation strategy from the very beginning to ensure access to the profits earned.

Upon completion of this course you will have a detailed understanding of:

• The different ways to repatriate profits and optimization of cash allocation from China.
• The preconditions organizations must meet before being allowed to pay out dividends.
• The role of a Permanent Establishment in China and how this can affect the organizations’ tax position.
• The purpose and effect Double Taxation Agreements can have on the tax liability related to dividend payments.
• How to calculate net dividends and applicable taxes.
• Which preferential tax treatments exist and how these affect level of tax payable.
• The step-by-step process of application and obtaining approval at the in-charge authorities, followed by the processing the dividend payment.

Date: Wednesday, June 24^th, 2020

Time: 15:00 - 16:30

Entry：Members 400 RMB/ Non-Members 500 RMB

Speakers

Dr. Richard van Ostende

Chief Representative at NBSO Nanjing

Dr. Richard van Ostende

Chief Representative at NBSO Nanjing

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Dr. Richard van Ostende is Professor of China Studies at UGSM-Monarch Business School Switzerland, where he got promoted last year on the subject of strategi decision-making process of companies considering to performing Foreign Direct Investment into China. Mr. Van Ostende has been in China over 14 years and has mainly been working in senior financial management positions and has published extensively on aspects of doing business in China.

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