Beijing office

"Tax Consideration for Indirect Equity Transfer" At the end of 2009, the State Administration of Taxation (SAT) issued Circular Guo Sui Han, Circular 698. This addresses the tax issues for equity transfer by non-China Tax Resident Enterprises. Circular 698 is one of the steps taken by the Chinese tax authorities in tackling various tax avoidance arrangements and transactions. Circular 698 has had a significant impact on many foreign investors that use offshore holding companies to invest in China. Tracy Zhang will highlight the recent updates on indirect equity transfer, looking at the recent issue of SAT Announcement 24, which clarifies Circular 698 notification and taxation requirements of indirect disposal of equity interests. The update also discusses whether the offshore indirect disposal rules will be extended to include disposals by non-residents. Tracy will also look at the legal framework of indirect equity transfer transactions as well as giving examples of real life cases.   "RMB (Re-)Investments by Foreign Investors in China" As of late, new circulars concerning RMB (re-)investments by foreign investors were published, namely Yin Fa [2011] No. 145 and PBOC Publication [2011] No. 1 and Hui Zi Han [2011] No. 7 which may impact considerations on how to structure RMB (re-)investments in China by foreign investors. Susanne Rademacher will highlight the general legal framework for such (re-)investments which have been issued during the recent years and analyze what foreign investors need to bear in mind in connection with the newly published announcements and circulars when (re-)investing RMB in China.   Speakers   Tracy Zhang, KPMG. Tracy joined KPMG Beijing office in 1996. She was seconded to KPMG Qingdao office and functioned as the head of the local tax practice in 2006. From April 2007 till July 2008, she worked with International Corporate Tax practice in KPMG New York and Financial Service practice in KPMG London respectively. Tracy is a PRC regulatory and tax expert on China investment related issues. Since 2004, she has been functioning as one of the leaders of the Financial Service tax team in KPMG Beijing, looking after domestic and foreign banks, funds and insurance clients. She has also been involved in developing structures for foreign investor`s investments into China, tax due diligences reviews in connection with M&A transactions and advising on cross border transactions.   Susanne Rademacher, Beiten Burkhardt. Susanne Rademacher is an equity partner and head of office of Beiten Burkhardt`s Beijing office and has been resident in China since 2001. Her areas of activity comprise corporate as well as foreign direct investment in China. She particularly advises clients from the automotive, chemical, machinery, renewable energy and hotel/hospitality industries. Susanne Rademacher studied law at the Universities of Cologne/Germany and Lausanne/Switzerland and studied Chinese language at the Beijing Foreign Languages University with a scholarship of the European Union and the China Ministry of Commerce. She is admitted to the German Bar in Cologne and is a foreign registered lawyer with the China Ministry of Justice. She has been working with Beiten Burkhardt in China since 2002.   Date & Time: July 26th 2011, 08:00 a.m.   Venue: Kempinski Hotel Beijing Lufthansa Center 50 Liangmaqiao Road, Chaoyang District, Beijing Tel: +86 10 6465 3388 朝阳区亮马桥路50号, 100125 北京   Entrance Fee: 200 RMB for Members and 350 RMB for non-Members   Registration: The registration to the event must be made by email at the address info@cameraitacina.com before Thursday 21st July 2011 at 12.00 p.m.noon. Please add the following information: • Name • Company Name • Job title • Mobile phone number   Information: If you have any questions or need further information please contact the CICC at info@cameraitacina.com   Best regards, CICC

Dear Members,   China-Italy Chamber of Commerce is glad to invite you to the Fall edition of the CMEF (China International Medical Equipment Fair) which will be held from 31st October to 3rd November at Fuzhou.   The CMEF is one of the Biggest medical field fair in the world and also for this edition some stands will be reserved for the Italian Companies in the International Pavilion. The registrations for the Fair are already open.   In order to have more information please visit the CMEF official website www.cmef.com.cn or send an e-mail to the Italian Commercial Accountable for the event to mail@emmevents.com

  The China - Italy Chamber of Commerce is glad to inform you that the Third China (Wuxi) Renewable Energy Conference & Exhibition will be held on November 3 - 5, 2011 in Wuxi, China.   The Third China (Wuxi) Renewable Energy Conference & Exhibition is sponsored by China Council for the Promotion of International Trade (CCPIT) and Jiangsu Provincial People’s Government, and executed by CCPIT Wuxi Branch. On the basis of successful event in 2009 and 2010, the Third Conference and Exhibition will continue to build high-level platform for exchanges and cooperation of renewable energy industry. For more information please download the attached document. Best regards, CICC

  la Camera di Commercio Italiana in Cina è lieta di informarvi che Expo Luxe – Il Salone del lusso di Roma si realizzerà dal 14 al 18 settembre 2011 a Roma presso Palazzo Ferrajoli a Piazza Colonna 355 (difronte a Palazzo Chigi), con lo scopo di promuovere e valorizzare l’immagine del Made in Italy e favorire a livello internazionale le condizioni di sviluppo economico e sociale attraverso la promozione del lusso quale moltiplicatore di benessere. Vi informiamo che è possibile partecipare ad Expo Luxe 2011 come espositori o anche come Trade Visitors con accesso ai workshop e agli incontri B2B. Per maggiori informazioni consultate il sito www.expoluxe.it   Cordiali Saluti,   CCIC