China's tax law regime can be, perhaps not frightening, but at least mysterious and difficult to navigate for foreign investors. China's tax and legal environment is indeed more complicated and risky than most and its tax authorities are increasingly targeting foreign investors with anti-avoidance measures. In 2014, China's tax authorities reportedly collected RMB133.5 billion (approximately US$21.38 billion) in tax revenue from foreign companies. Among various focuses on tax arrangements of foreign investors, China has been actively broadening and deepening its transfer pricing regime. With Chinese tax authorities becoming increasingly sophisticated in transfer pricing, taxpayers need to be aware of the common pitfalls in managing transfer pricing strategies.
We invite you to a seminar where our experienced transfer pricing director from Hogan Lovells' London office will guide you through the basics of China's transfer pricing regime using real-life examples and case studies. The seminar will cover the following topics:
- Current environment (Global and China specific)
- Are BEPS going to kill tax planning?
- New tax and TP regulations – Extending or going beyond the arm's length principle?
- Why TP documentation on its own is just not enough!
- Aligning business and commercial strategy to TP and tax – Nothing is truly at arm's length unless it follows a clear and supportable commercial strategy
- Time is money and tax advice is expensive! – Managing TP and tax efficiently without breaking the budget
- And the prizes for most likely to-be-audited transactions go to… - Statistics on recent tax and TP cases
We do hope you can join us for an engaging and timely discussion.