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Overview

Ensuring tax compliance stands as a pivotal concern for businesses across the globe. As in many countries, businesses operating in China must adhere to statutory requirements, where failure to comply can result in severe consequences. The intricacies of the Chinese tax system, coupled with its evolving regulatory framework, demand a proactive and informed approach from businesses.

Furthermore, the adoption of advanced data analytics has allowed the government to enhance their compliance monitoring capabilities to detect unusual transactions and identify high-risk accounts with greater precision and minimal human efforts. As a result, it is imperative that companies remain vigilant to ensure compliance.

This workshop serves as a strategic compass, guiding businesses through the nuanced landscape of tax compliance in China and aims to keep them abreast of latest regulatory changes.

Event Detail

I. Overview of China’s Tax Regulations

- Understanding the Chinese tax landscape

- Importance of tax compliance for businesses operating in China

II. Value Added Tax (VAT)

- Significance of VAT in China

- Applicability to all businesses

- Strategies for effective VAT management

III. Corporate Income Tax (CIT)

- Proactive management of business expenses

- Exploring strategies for preferential CIT rates

IV. Insights into Individual Income Tax & other Relevant Taxes

V. Update on Current Tax incentives for Businesses in China

VII. China’s Golden Tax System Phase 4

- Changes from Phase 3 to Phase 4

- Impact on businesses and compliance requirements

VIII. Real-world examples illustrating Tax Compliance Challenges and Solutions

IX. Q&A

Programme/Agenda

Trainer Profile

Lee Soon is a seasoned and qualified professional accountant with over 20 years of experience, providing advisory services to international companies with operations in China. In his role, he has tackled challenges related to reporting, tax compliance, human resources, and corporate governance. Prior to this, Lee Soon was with our China office since 2013 as the head of Beijing branch, where he contributed to the growth of the advisory business.

Having initially spent six years with the Stone Forest Group in the late 1990s, Lee Soon spearheaded the formation of the group's Management Information System (MIS) unit and IT Advisory practice, focusing on streamlining clients' business processes before system implementation.

Lee Soon has also played a pivotal role in providing business advisory services in China, assisting international companies in setting up and restructuring finance departments in their PRC subsidiaries. His responsibilities included hands-on supervision, training, system implementation, and policy development. His diverse background also includes a stint as a lecturer at a local polytechnic.

Qualifications: Chartered Accountant of Singapore, Bachelor of Accountancy, National University of Singapore

Contact Detail

For more information on the workshop or for in-house/customized training, contact Josephine Ong at

Email: josephine.ong@sbf.org.sg
Tel: 67011135
SGD‎450.00 (Non-Member)

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