Webinar: Rollout of BEPS 2.0 pillar two – considerations for companies operating in China

Join ITR and KPMG China at 10am BST (5pm China Standard Time) on May 4, as tax experts consider the crucial impact China’s potential adoption of GloBE rules could have for businesses.

Register here for ITR and KPMG China’s webinar: Rollout of BEPS 2.0 pillar two – considerations for companies operating in China.

The rollout of the Pillar 2 GloBE minimum tax rules in 2023 is seeing steady progress, globally and in the Asia-Pacific region. While China has not, to-date, set out any formal plan on GloBE rule adoption, the general view is that this will happen in due course.

Even prior to any application of the GloBE rules by China, businesses operating in China, both foreign and Chinese-owned, will see impacts from the GloBE rules.

This webinar will cover several themes including:

Impacts on typical corporate structures used in connection with Chinese operations;
Impacts on Chinese tax incentives;
Preparing for GloBE: accounting and data management; and
Adapting to post-GloBE reality: M&A considerations and restructuring.

The webinar will conclude with a Q&A session.

Topics

Sunny Leung

Partner, Tax KPMG China

Sunny Leung started her career in New York in 1997. She joined KPMG’s New York federal tax practice in 2000 and provided U.S. tax compliance and advisory services to multinational companies. Sunny joined KPMG’s Shanghai tax department in 2005.

Sunny is the KPMG Asia-Pacific international tax leader and KPMG China’s national TMT sector leader. She is very experienced with common structuring and tax issues that are unique to the sector and the practical solutions. Since joining KPMG China in 2005, Sunny has been extensively involved in advising clients on setting up operations in China, M&A transactions, pre-IPO restructuring, cross-border supply chain planning, and various tax incentive applications. She has been providing Chinese tax advisory and compliance services to domestic and multi-national companies in the TMT as well as traditional manufacturing and service industries. She has also been providing tax due diligence and tax health check services in China.

Sunny assisted various tax authorities in China to perform a study on common Chinese tax issues that had emerged in the new digital economy, and the potential impact of BEPS. She has also provided various trainings to different levels of tax authorities in China on such topics.

Conrad Turley

Partner KPMG China

Conrad Turley is a tax partner at KPMG China. He is the KPMG Asia-Pacific tax policy leader and also leads KPMG China’s tax policy and technical division, the tax department of professional practice (Tax DPP). Currently based in Beijing, Conrad previously worked for the European Commission Tax Directorate in Brussels, as well as for KPMG in Ireland, the Netherlands and Hong Kong.

Conrad works closely with a number of national Chinese government bodies on tax policy development, with a particular focus on the global tax reforms in BEPS 2.0. In parallel, Conrad takes a leading role in driving KPMG BEPS 2.0 efforts in the China, Asia-Pacific and global taskforces, as well as other global tax policy related initiatives.

Conrad has advised on a wide range of China cross-border tax structuring arrangements, for global private-equity groups, foreign multinationals, and China outbound investing enterprises. In his current role leading the Tax DPP he oversees the provision of expert technical and policy support to client teams on complex and uncertain tax matters, including where these require consultation with the central government authorities.