IIT Tax Series: China Tax – Highlights from 2018 and Projections for 2019

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Join AmCham Shanghai's Tax Committee for China Tax – Highlights from 2018 and Projections for 2019 on Tuesday, December 11th from 10:00 AM to 12:00 Noon at the AmCham Shanghai Office.

In 2018, China continued on its path towards a significant transformation of its tax system. In prior years, we have seen significant reform of the corporate tax system and the introduction of VAT. This year, a significant overhaul of the individual income tax system has been introduced. As the end of the 2018 calendar year approaches, this event will not only provide an overview of the significant developments and changes in China tax law that occurred in 2018 but also provide a forecast of what changes can be expected in 2019. Specific topics that will be discussed include the launch of the Golden TAX III system at a national level, the combination of the State tax bureau and the Local tax bureau, and the individual income tax reform. We will discuss how those updates will practically impact individuals and organization operating in China. Grant Thornton Tax Partner David Luo and his team will provide their insights in this sharing session.

Agenda:

10:00 Registration & Networking

10:15 Welcome Remarks

10:20 Presentation by Grant Thornton

11:20 Audience Q&A

12:00 Session Ends

Speakers

Sherry Chen
Senior Tax Manager at Grant Thornton
Sherry Chen started her career as a PRC Individual Income Tax (“IIT”) professional with one Big Four firm in 2007 before joining Grant Thornton in year 2018.

Sherry has more than 11 working experiences in areas of IIT tax advisory and compliance services for inbound and outbound assignees, compensation and benefits structuring, IIT compliance review, social security, mobility and etc. Sherry is an expert in area
• Global mobility arrangement consultation;
• Compensation and rewards structuring including benefits-in-kind policy design and stock incentive plan design;
• Global stock incentive plan implementation in China covering foreign exchange control and tax implementations as well as employee communication;
• China social security and individual income tax set up and health check;
• Tax planning arrangement for high-net-worth individual
• CRS reporting support in China
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David Luo
Tax Partner at Grant Thornton
David has more than 15 years’ experience in delivering services to many key clients including global mobility services, PRC Individual Income Tax (IIT) consultation, compliance and advisory on global equity incentive plan, tax planning for high-net-worth individuals.
Before joining Grant Thornton, he worked at PwC and Deloitte providing tax services to many key clients including high growth companies and large multinational organizations. From 2015 to 2016, David was seconded to Deloitte London tax team for one year.

David’s primary professional experience including PRC IIT consultation, equity incentive plan design and its implementation and tax planning arrangement for high-net-worth individuals, including but not limited to
• PRC IIT compliance & consulting for international assignee,
• compensation structuring, IIT compliance review,
• international mobility management, social security consultancy
• Global equity incentive plan compliance and advisory in China
• Tax consultation on PRC IIT for the income arising from shares transaction and M&A activities
• Tax advice for the individual shareholder on organizational structuring from a PRC IIT purpose
• Tax planning arrangement for high-net-worth individual
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Tony Xu
Tax Manager at Grant Thornton
Tony Xu started his career as a PRC Individual Income Tax (“IIT”) professional with one Big Four firm in 2011 before joining Grant Thornton in year 2018.

Tony has more than 7 working experiences in areas of IIT tax advisory and compliance services for inbound and outbound assignees, compensation and benefits structuring, IIT compliance review, social security, mobility and etc. Tony is an expert in area
• Global mobility arrangement consultation;
• Compensation and rewards structuring including benefits-in-kind policy design and stock incentive plan design;
• Global stock incentive plan implementation in China covering foreign exchange control and tax implementations as well as employee communication;
• China social security and individual income tax set up and health check
view more