Webinar: Evolving Chinese tax collection and new challenges for life sciences enterprises

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Webinar: Evolving Chinese tax collection and new challenges for life sciences enterprises

Sponsored by

sponsored-firms-kpmg.png
article 1.78 ratio@4x.png

Join ITR and KPMG China at 5pm Beijing time (9am GMT) on November 30 2023 to hear how life sciences enterprises that operate in China can address new anti-corruption measures and VAT legislation, among other challenges

Life sciences enterprises operating in China are facing increasingly strict supervision and challenges since the anti-corruption measures announced at the beginning of 2023 and the consistent development of tax collection and management systems in China.

To help life sciences enterprises to address these challenges, this free webinar will cover several themes, including:

  • Non-compliant business behaviours or incorrect classification of meeting expenses, entertainment expenses and sponsorship fees incurred during a commercialisation process are again becoming a potential focus for audits;

  • A revision to the VAT legislation is in progress and although the current VAT system framework will be kept, some key adjustments could be made that could impact the industry;

  • Fully digitised e-invoices, the core pillar of the construction of the smart tax collection and administration system of tax authorities, are changing the tax management practices of companies; and

  • Golden Tax project Phase IV has imposed a more comprehensive cloud monitoring system on taxpayers at business level and heralded a new era of ‘tax administration by data’.

The problem of how to face these significant changes in China will be discussed by the following tax specialists: Grace Luo and Jason Yu, tax partners, and Michelle Geng, tax director.

Sign up now to learn about the latest developments in China’s tax landscape and what areas life sciences companies with operations in the country should be focusing on.

more across site & shared bottom lb ros

More from across our site

Canadian Prime Minister Mark Carney and US President Donald Trump have agreed that the countries will look to conclude a deal by July 21, 2025
The firm’s lack of transparency regarding its tax leaks scandal should see the ban extended beyond June 30, senators Deborah O’Neill and Barbara Pocock tell ITR
Despite posing significant administrative hurdles, digital services taxes remain ‘the best way forward’ for emerging economies, says Neil Kelley, COO of Ascoria
A ‘joint understanding’ among G7 countries that ‘defends American interests’ is set to be announced, Scott Bessent claimed
The ‘big four’ firm’s inaugural annual report unveiled a sharp drop in profits for 2024; in other news, Baker McKenzie and Perkins Coie expanded their US tax benches
Representatives from the two countries focused on TP as they met this week to evaluate progress under a previously signed agreement – it is understood
The UK accountancy firm’s transfer pricing lead tells ITR about his expat lifestyle, taking risks, and what makes tax cool
Dolphin Drilling intends to discuss the final liability amount and manner of settlement with HM Revenue and Customs
Winning the case against the 20% VAT imposition was always going to be an uphill challenge for the claimants, UK tax advisers argue
A ‘paradigm shift’ in Chile’s tax enforcement requires compliance architecture built on proactive governance, strategic documentation and active monitoring of judicial developments
Gift this article