What's in the tax crystal ball for 2014?

 Date 28 January 2014 | 08:00 AM
 Venue WTS Shanghai Office, Unit 031,29F,Hang Seng Bank Tower, No.1000 Lujiazui Ring Road, Pudong New Area, Shanghai, PRC
The year 2013 has seen critical developments in the Chinese economy, such as lower GDP growth to a rate of 7.6%.Further, according to the China Automotive Association’s survey, from January to November 2013, China saw an automobile sales volume of 19.86 million, which constitutes an increase of 13.53% compared to the same period in 2012. With regard to the sales in the luxury goods segment, according to a survey published at the end of 2013, the Chinese domestic luxury market will see a 2% increase, indicating a slow done in the growth rate, which was 7% in 2012.

On the regulatory side, noteworthy are the outbound payments as well as the turnover tax development.

For 2014, we expect another year of change in the Chinese economic and regulatory environment, particularly related to VAT but also to Business restructurings and the new Free Trade Pilot Area.

Besides, we also want to give you something more concrete. Therefore, we will provide concrete guidance for this year’s annual CIT filing procedure in China, the most crucial issues during the filing and we will give you practical insights based on our own experience.
The further implementations of the turnover tax reform or the simplified procedure for outbound payments have certainly brought benefits to companies. However, as always with new developments, challenges remain, especially at the beginning. During our event, we will present the most important tax updates in 2013 and will also inform you about the practical issues, which need to be overcome by companies in order to manage their tax structure efficiently.

Please find here the registration form.

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