Description
The Taxation Institute of Hong Kong (“TIHK”) organized a group of members to visit Ministry of Finance, State Taxation Administration (“STA”), Beijing Municipal Tax Service of STA and other tax organizations in Beijing in July 2023. At this session, the speaker will share the understanding of some updates on China tax policies and practice, including:
- Practical matters of tax filings and payments in direct or indirect transfers of equity interests of a group of enterprises in different cities in China
- Enterprise Income Tax implications of De-SPAC
- Consultation draft of Value Added Tax Law
- Possibility to enhance tax incentives to facilitate Greater Bay Area development
- Possibility to provide Individual Income Tax incentives to encourage mainland talents to work in Hong Kong
- Other practical matters of tax administration