Webinar: Hainan and changing supply chains – Adapting to a new business landscape
ITR and KPMG China will host a webinar on June 22 to share insights on how businesses in China are adapting to the tax challenges of the COVID-19 era.
In association with KPMG China, the live webinar will take place on June 22 at 10am BST/5pm CST (Beijing time).
At a time when the world has been dealing with COVID-19 for years, businesses are facing greater challenges than ever before. These include anti-COVID control measures, geopolitical shifts, and Sino-US political tensions.
To be better prepared to tackle the tax challenges of these events, industry practitioners need to re-examine the changing patterns and direction of their business development. These will have significant associated tax, customs, and transfer pricing issues.
In this webinar, KPMG China’s presenters will explain the new trends of business operating in the market, and share their views on the impact on tax.
The experts will also consider some solutions that companies can consider from a tax, customs, and transfer pricing perspective.
Key topics that will be covered include:
The re-arrangement of global supply chains, and the impact on business’ value chain arrangements;
The opportunities that China’s Hainan Free Trade Port offers companies; and
New business patterns led by new technology and customer demand, and the effect on issues and opportunities for tax teams.
T: +86 21 2212 3462
Benjamin Lu started his tax professional career in Shanghai from 2005. He is specialised in providing China tax and business regulatory advisory and compliance services to clients in various industries. He is now the in-charge tax partner of China-Europe Corridor in KPMG and the in-charge tax partner on R&D related activities in central China.
Benjamin has advised many clients (including both MNCs and domestic clients) relating to their establishment of business entities, optimization of transaction models, profit repatriation issues, tax compliance and on-going operation. He is also specialised in M&A related services (e.g. tax due diligence, group structuring, IP planning, etc.). As a result, Benjamin has an insightful view of the needs of the clients as well as China’s tax regime and its practices.
As the in-charge tax partner in R&D practice, Benjamin has rich experience in providing advisory and implementation services to various companies across different industries. The assistance services include but not limited to advice and assistance with bonus deduction on R&D expenses, assistance with HNTE application, assistance in ASTE application, etc.
His clients cover a wide spectrum of industries such as TMT, chemical, auto, industrial manufacturing, consumer products and business consulting. Benjamin is also a regular speaker and commentator at business seminars and conferences on China’s corporate tax matters.
T: +86 21 2212 2789
Harry Zhang has close to 20 years of experience in the Trade and Customs area. He started his career working for the China Customs Authority and reached the position of deputy section chief of legal affair department. He then joined professional firms to provide customs advisory services. Over the last 14 years, Harry has advised many clients on customs and trade related matters.
Harry has extensive experiences in working with local government authority, as well as in building up the customs and trade related advisory business in mainland China and Hong Kong SAR.
After leaving the China Customs Authority, Harry worked with another Big 4 firm and then joined a US law firm specialised in trade and customs area before joining KPMG.
As the greater China practice leader of the law firm, and building on his authority-based background, his Big 4 advisory experiences, and his strong legal training, Harry developed a solution-based approach, balancing the need for legal compliance and risk management, with the practical and sometimes unique characteristics of China customs landscape.
Harry has assisted clients in many industries, including technology, auto, medical, chemical, foods and beverage, electrical/electronics, luxury products etc., on their customs needs, including some highly challenging cross-border issues.
T: +86 21 2212 3569
Vivian Shao is a director with the global transfer pricing team of KPMG China based in Shanghai. She was seconded to KPMG office in Philadelphia in 2012, to better serve large multinational groups and Chinese “Going-out Enterprises” with outbound and/or inbound investments.
Vivian has extensive experience in BEPS compliance documentation, design and implementation of transfer pricing systems and models, value chain analysis, business restructuring across the full life cycle of business transformation, IP structure design and integration, advance pricing agreement application, cost sharing agreement and competent authority negotiation.
Vivian has adequate experience in supplying planning ideas, advice, solutions to domestic and overseas multinational groups in various industries, to help them improve tax efficiency and manage risk exposures in parallel.
Vivian has acquired industry-specific knowledge in sectors such as TMT, life science and pharmaceutical, and consumer goods etc.