A two-day technical update with live group instruction on the latest legal, tax and accounting issues facing companies with operations or business opportunities in China

Benefits of Attending

• Discuss how China’s economy will fare in the year of the Dragon (2012)
• Find out the latest changes in the income and withholding tax systems and how they can effect your tax liability in China in 2012
• Examine the best techniques for funding investments and operating capital in China
• Understand the latest legal strategies for structuring operations in China in 2012 and what U.S. businesses have learned from doing business in China
• Learn the latest income tax reporting and compliance procedures in China and how to deal with tax controversies
• Find out how to minimize customs and VAT charges in importing goods and equipment into China
• Determine how the latest transfer pricing rules in China affect U.S. companies and their ability to repatriate funds
• Discover the latest GAAP and IFRS accounting rules for companies operating in China
• Learn the key exit strategies for reorganizing operations in China and implementing a PRC holding company

Educational Course Credit — Up to 16 CPE / CLE Credits Available

Substitutions/Cancellations

Cancellations received more than 72 business hours prior to the meeting will be issued a credit. A $350 fee will apply to cancellations received within 72 business hours of the event. No credit card or cash refunds will be issued at any time. For more information regarding administrative policies, such as complaints and refunds, please contact us at 1-914-328-5656, or e-mail info@citeusa.org. Credits will not be issued for "no shows"

CITE's block of discounted sleeping rooms is limited - reserve your sleeping room early! We cannot guarantee rates or availability. A very limited block of rooms at a reduced rate has been set aside for CITE attendees. For conferences being held at local firm centers, hotel blocks have not been arranged and accommodations are at your own discretion

8:00 am Conference Registration and Continental Breakfast

8:30 am Welcome and Introduction

8:45 am China Beyond 2012 World Expo – A China Business Update

• Overview of current market conditions and foreign investment environment in China
• Emerging economic trends in China
• How will China’s economy fare in 2012/2013?
• How will the US and China economic stimulus packages affect your business in China?

9:30 am Legal Aspects of Operating a Business in China

• The evolving legal landscape from the perspective of foreign-owned companies
• Forms of doing business – what structures best suited for your business – Representative Office, Joint Venture, WFOE, FICE, holding company, partnership, etc.
• Common legal challenges and solutions on doing business in China
• How will the new labor laws impact companies doing business in China?
• The legal “Dos and Don’ts” for doing business in China

10:40 am Break for Refreshments

11:00 am Overall Considerations for Structuring Investment in China

• Understand how the latest tax law changes in China and the U.S. affect companies doing business in China in 2012 and 2013
• Understand the new hot button issues on cross-border investments such as issues on GAAR, permanent establishment, the thin-capitalization, and the China resident enterprise
• Learn how to structure investment opportunities in China or optimize your existing business and investments in a most tax efficient manner
• Learn the pros and cons of using intermediary holding companies for investing in China and related impact of the latest US tax legislation
• Repatriation of profits – tax efficient options of bringing your profits back home – cross-border payments of dividends, interest, royalties, intercompany service fees and others
• Understand the requirement in applying treaty benefits for transactions with China

12:30 pm LUNCHEON

1:45 pm Expatriate income tax considerations, HR, overall tax impacts

• Learn how the latest China social security tax may impact your cost of doing business in China
• Learn the latest issues and best practices in China expatriate income tax considerations
• Understand how property structured, your company can minimize the overall cost of IIT
• Understand the new IIT filing requirements and related compliance requirements to avoid penalties
• Learn how to deal with China IIT audits

3:00 pm Break for Refreshments

3:20 pm Transfer Pricing Developments in China

• Latest developments and areas of focus by the SAT
• What you need to do to comply with Chinese TP rules
• Comparison of transfer pricing rules in the U.S. and China
• Transfer pricing audits and enforcement in China
• Current topics for high tech companies doing business in China

5:15 pm Meeting Adjourns for the day

Tuesday, March 20th

8:00 am Continental Breakfast

8:30 am Greater China Region – Legal, Tax and Trade Developments

• Major developments in HK and understand the new offshore claim regime
• Major developments in Taiwan and Macao
• How to benefit from an integrated Greater China market
• Advantages of investing in China via Hong Kong
• Tax effective supply chain management planning for Greater China

9:30 am Refreshment Break

9:45 am Legal and Tax Aspects of Merger, Acquisition & Reorganization

• New Chinese legal and tax rules on restructuring including M&A
• Legal and tax due diligence on acquiring an existing Chinese company
• Business and tax consequences of different forms of acquisitions and reorganizations from both the seller and buyer’s perspectives
• How to structure tax free transactions or minimize tax consequences
• Alternative exit strategies– sale, purchase, reorganization or liquidation - Chinese bankruptcy law and other measures
• Legal and practical obstacles to M&A deals

11:15 am Planning for non-PRC Resident Companies Doing Business in China

• Learn the new rules that the Chinese tax authorities are using in determining permanent establishment (PE) status
• What a US company can do to avoid having PE status in China and the impact of employee secondment arrangements?
• Tax-related implications of having PE status in China
• How to manage and mitigate the tax exposure of PE status in China
• Understand withholding tax rules and tax compliance requirements for non-PRC resident companies

12:15 pm LUNCHEON

1:15 pm Financing Operations in China

• Learn about how the first Thin-Capitalization rule under Circular 121 could affect your investment in China
• Capitalizing operations in China – debt v. equity
• Limitations on the use of debt and bank financing in China
• Foreign currency considerations – how foreign exchange controls interact with financing in China
• How to do cross-border trading in RMB
• Use of offshore Rmb Dim Sum bond to finance China operations
• China liquidity management solutions and tax issues

2:30 pm Break for Refreshments

2:45 pm Indirect Taxes in China - VAT, Customs Duty and Business Tax

• Learn the new development of VAT, Customs and business tax laws
• Understand how major turnover taxes can significantly affect your business operation and supply chain as well as earnings in China
• What you need to know about each turnover tax, such as VAT, Customs Duty and Business Tax
• How to best plan each turnover tax to maximize your earnings in China

4:00 pm Legal and Tax Aspects of Using Intellectual Property in China

• Chinese legal rules on IP protection and the current practice
• How to best protect U.S. patents, trademarks and copyrights used in manufacturing and service activities in China
• Tax planning through the use of IP – the New and High Tech Enterprise incentive, the super-deduction related to R&D, and the use of cross-border royalty to reduce effective tax rate
• How software transactions are taxed in China
• Treatment of research and development and cost-sharing agreements in China

5:00 pm Meeting Ends

BNA | CITE Conference Registration - Page 1

There are 3 ways to register for a Bloomberg BNA | CITE Conference:

1. Complete this form and fax Page 2 to 914-328-5757
2. Call us directly at 914-328-5656
3. Complete the online registration process

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