China's Tax Reform - The Shifting Tax Landscape

Ryan Chang, Tax Partner, Deloitte

Taxation Committee

The much-anticipated China Unified Income Tax Law is finally upon us. Representing a fundamental change in the tax landscape for Chinese enterprises and international businesses operating in, or looking to operate in China, the reform is expected to become effective as of January 1, 2008. Given this brief window to prepare, companies will have only a short period to capitalize on any tax-planning opportunities or to make any compliance changes arising from the new law. Now is the time to start considering the impact on your business.

This seminar will cover the pertinent aspects of the new law including:

- The elimination of general tax holidays, the unified tax rate of 25%, the tax-residency concept, changes in withholding tax rates, thin capitalization rules, and anti-avoidance provisions.
- Unusual features of the new tax law, including relevant transition policies, and considerations to help you manage these changes.
- Areas of opportunity that may require your immediate attention.

Ryan Chang is an international tax partner who leads Deloitte¡¦s International Tax Services Group for China and Hong Kong. Ryan specializes in providing tax and regulatory advice to multinational corporate clients who wish to invest in China, including structuring issues, planning opportunities, and tax and regulatory compliance matters.