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AmCham Shanghai's Tax Committee invites you to join an offline presentation on the R&D-related tax benefits: opportunities and challenges for MNCs on September 18 from 14:00-15:00.


Innovation and R&D are an inexhaustible driving force and core to the competitiveness for long-term and sustainable development of an enterprise. The Chinese government attaches great importance to the role of R&D investment by enterprises in the national economy. In this regard, the government has introduced a series of R&D incentive programs, which entails the following:


  • a reduced CIT rate of 15% offered to qualified high- and new technology enterprises ("HNTE") ;
  • a reduced CIT rate of 15% offered to Advanced Technology Service Enterprise ("ATSE");
  • a super-deduction at the rate of 175% eligible to be claimed for qualified R&D expenses of companies.


As a starting point, consideration needs to be given to the correlation of the IP arrangement/TP positioning of the China entity in the value chain and the R&D incentive that a company may claim.

In addition, in the process of applying for R&D incentives, companies often encounter the following difficulties due to reasons such as lack of comprehensive management of R&D activities and expenses, adopting a misleading accounting-driven methodology rather than a correct technology-driven methodology and ineffective internal communication:


  • Unable to correctly and fully identify eligible R&D activities
  • Low efficiency, information error and leakage, inaccurate or incomplete data and documents
  • Unable to fully enjoy R&D incentives
  • Lack of effective measures to mitigate tax risks

Agenda:

1) Overview of R&D tax incentive in China;

2) Pain points in R&D incentive application;

3) Successful HNTE, R&D super deduction, ATSE case sharing, which involves the disputes on IP arrangement, interpretation of R&D activities, expense recording, etc.

Speakers

  • Jason Yu (Tax Director of KPMG China)

    Jason Yu

    Tax Director of KPMG China

    Jason is a Tax Director with KPMG Shanghai. He has 16 years of specialist tax experience in China providing tax advice to multinational companies and domestic companies. He serves clients across various industries including life science, funds, auto and auto parts, consumer, information technology and entertainment, etc.

    With the rapid change of the Asian economic and tax environment, many companies are facing problems or difficulties in their operation. Jason Yu, who witnessed all the changes, has been viewed as a valuable advisor to many companies with his rich experience and deep understanding of the macro mega trend and the micro-regulatory changes.

    Jason has ample experience in advising clients in various industries in claiming R&D tax incentives. His team can help the client to identify eligible R&D activities for tax purposes, coordinate different functional departments within the organization to achieve the desired result. He also successfully helped the client in resolving controversies with relevant government authorities on R&D tax-related matters.

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  • Blaze Wang (Tax Manager at KPMG China)

    Blaze Wang

    Tax Manager at KPMG China

    Blaze joined KPMG Shanghai in 2015. He has plenty of experience in providing tax advisory services to multinational clients in various industries, including consumer market, pharmaceutical, traditional manufacturing, etc.

    Blaze advises clients on improving the efficiency of the tax-related matters, e.g., preferential tax treatment during group restructuring, integration of acquired business, tax planning, tax automation, tax audit defense, etc. Besides, Blaze also provides lots of tax compliance services to the clients, including tax filing, tax certification reports, tax provision reviews, etc.

    He also has experience in the application of export VAT refund / VAT
    Zero rate, R&D super deduction, and HNTE incentives, etc. He has successfully assisted many companies in claiming R&D super deduction, applying for export VAT refund, and other preferential tax treatment.

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Documents

AmCham RD Tax Concession Sharing.pdfdownload

Tickets

A prepayment is required when choosing 'Standard Price'.

“标准票价”要求您在提交注册信息后即刻完成在线预付,若您希望在活动现场支付门票,请选择“现场票价”。
Member Ticket
Member Price Free
Member Company Employee Ticket
Standard Price RMB 200
Non-Member Ticket
Standard Price RMB 500

Venue

AmCham Shanghai Conference Center (Xintiandi)

黄浦区湖滨路168号无限极大厦27楼
27F, Infinitus Tower, No.168 Hubin Road, Huangpu District.

Shanghai, China

If you have any questions please contact Jenny Wang

Contact Organizer

+86 61693000 ext. 3029

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