VAT reforms in China – recent and proposed changes impacting on MNCs
First 15-20 minutes is for networking Sandwiches & beverages included Hosted by the Taxation Committee The first phase of the value added tax (VAT) pilot program has been implemented nationwide in mainland China on 1 August 2013. In this session we take a look at the key impacts for multinational companies doing business in, or with China.
We also look at future phases of the VAT pilot program and what it will mean for businesses in key sectors including financial services, insurance, real estate and construction. This session will examine the impact the transition to VAT will have on pricing, overall indirect tax liabilities, changes to contracts, invoicing, and IT systems and processes which will need to be implemented in light of the reforms.
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong