Archived webcast - New look of Annual China Corporate Income Tax Return Package 

16 December 2008 (Tuesday)

Year 2008 is the first year of the enactment of the new Corporate Income Tax ("CIT") Law in China.  The new Annual CIT Return Package recently published is not merely a brand new set of returns designed for the new CIT law, as it adopts most of the features of the former Annual Enterprise Income Tax Return for domestic enterprises and also combines requirements under the former Annual Foreign Enterprise Income Tax Return for foreign invested enterprises.  Indeed the new Annual CIT Return Package is more complicated and requires more information disclosure than the former returns.  It will be a challenge for enterprises to better monitor their information collection and then disclose them appropriately in the Annual CIT Return and its schedules.  In addition, the Related Party Transaction ("RPT") Disclosure Forms, though not released, are required to be included in the Annual CIT Return Package.  Accurate completion of these forms again requires good understanding of both tax and transfer pricing regulations in China.
     
In this webcast, we looked at the new Annual CIT Return Package in respect of the key changes adopted in the new return package, together with its interaction with other compliance requirements (e.g. RPT forms) and the major challenges enterprises will face to handle compliance and information disclosure risk.
      
Archived webcast
     
This is a 1-hour audio webcast including a live Q&A session.

Link:	http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetailsCN4&c=220079&eventID=2042269
Slides:	Webcast presentation (pdf file, 674KB)
Speakers:	Matthew Wong, China Tax Compliance National Leader Julian Hine, Transfer Pricing partner

Enquiries
     
For enquiries, please contact our  
     
Upcoming webcasts
     
A series of webcast is being planned.  Watch for more details!