Interchamber Breakfast Seminar - VAT (Valued Add Tax) Pilot Program

Dear Members, Dear Friends

The China-Italy Chamber of Commerce together with the China-Australia Chamber of Commerce in China, the Swiss Chamber of Commerce in China and the German Chamber of Commerce in China is pleased to invite you to the seminar that will be held in Beijing on June the 7th:

Interchamber Breakfast Seminar - VAT (Valued Add Tax) Pilot Program

Effective from 1 July 2012, Beijing will conduct a VAT pilot program for the services industry (replacing business tax). The VAT pilot program is expected to be modeled on similar reforms which took place in Shanghai earlier this year, the speakers Mr. Lachlan Wolfers and Mr. Martyn Huckerby will share their experiences from implementing the reforms in Shanghai.

While the impact of these reforms for business is likely to be positive, they will have significant consequences not only from a tax perspective, but also for IT systems, supply chain management, contracts and pricing.

During the seminar a first presentation will be discussed by Lachlan Wolfers on:

• How the VAT reform pilot program operates
• What actions businesses need to take to deal with the reforms
• What are the opportunities the reforms present for businesses, particularly with cross-border transactions
• What are the major risk areas or issues that businesses need to be aware of what is the timing of the VAT reforms spreading across China

Following there will be a second presentation by Martyn Huckerby on:

issues to consider in looking at how existing contracts will be impacted by the reforms what steps businesses should take now in entering into new contracts ways to maximise the benefits and mitigate the risks of the reforms from a legal perspective.

Speakers:
Lachlan Wolfers is a Tax Partner with KPMG China, based in Shanghai. He leads KPMG’s Centre of Excellence in Indirect Taxes, and was previously the leader of KPMG’s Indirect Tax practice in Australia. He is both a lawyer and an accountant and has extensive experience with assisting clients with tax reforms across a number of different jurisdictions. Lachlan is a noted speaker and media commentator on tax issues.

Martyn Huckerby is a Partner of the Shanghai office of King & Wood Mallesons. Martyn has extensive experience in providing regulatory and corporate law advice to clients in Asia and Europe. Martyn is listed as a leading lawyer in Chambers Asia, PLC Which Lawyer?, International Financial Law Review, Who’s Who of International Competition Lawyers, and Who’s Who of International Regulatory Communications Lawyers. Martyn previously worked in London and Sydney.

Language: English

Agenda:
08:30 - 08:45 Registration
08:45 - 09:30 Presentation by Lachlan Wolfers & Martyn Huckerby
09:30 - 10:00 Q&A

Fee: China-Italy Chamber of Commerce Member: RMB 200 | Non-Member: RMB 400

Venue: SOFITEL Wanda Beijing, Tower C Wanda Plaza, 93 Jianguo Road, Chaoyang District, Beijing
北京万达索菲特大饭店， 中国北京朝阳区建国路93号万达广场C座

Contact: info@cameraitacina.com 

Registration: Please send an e-mail to info@cameraitacina.com until June 6th, 2012