Register here for ITR’s webinar on the opportunities with tax administration digitalisation in China.
In association with KPMG China, the live webinar will take place on May 27 at 10am BST (London time) / 5pm CST (Beijing time).
China started to pilot electronic tax invoices for B2C transactions as far back as 2013 and has made significant progress in the meantime. Recently, China announced a nationwide rollout of electronic invoices to B2B transactions starting from 2021 and to be completed by 2025. Therefore, electronic and paper invoices will circulate in parallel for the next three to four years.
Electronic invoices are expected to create both cost saving opportunities for businesses through a reduction in manual invoicing processes, and allow businesses to accelerate the digital transformation of their business-finance-tax ecosystems.
In parallel, ever more large enterprises are digitalising their tax risk management. Enterprise tax digitalisation involves the integration of invoice management, tax compliance, tax management reporting and tax risk monitoring, and requires comprehensive tax knowledge and complex analytical procedures.
In response to the needs of enterprises, KPMG has specially gathered experts in tax, management consulting, IT advisory and other aspects to set up a ‘tax transformation services’ team to support customers on their path to vastly improved tax risk management.
In this session, KPMG experts will share their insights on China e-invoice and tax digitalisation developments, and how to get ready for the resulting business transformation.
The 60-minute webinar will be moderated by ITR. The webinar will be followed by a Q&A session.
Register here for the webinar on May 27 2021.
Head of tax technology
Starting from 2001, Michael Li has advised clients on taxation and business matters relating to the establishment of business entities in China, the on-going operation and restructuring of such business entities and the structuring of financing and equity vehicles to invest in businesses and projects in China. Taxation issues include corporate tax, individual tax, indirect taxes such as VAT, business tax, as well as customs duties.
In the past five years, Michael has led the tax technology team in KPMG China and offers tech-enabled solutions to drive the tax performance of enterprises. His recent project experience includes solution development, implementation and tax managed services.
Head of tax managed service
Maggie Mao started her career in KPMG Shanghai in 2000. She specialises in financial service, real estate and investment funds, provides tax planning, business model optimisation and merger and acquisition (M&A) services.
In 2013, Maggie joined GE as China tax director. She was responsible for all tax matters related to GE’s operations in China, including formulation of group strategies for tax compliance and risk management, optimisation of tax process and ERP systems. She was also responsible for the daily tax operation of over 50 legal entities in different businesses. She re-joined KPMG in 2019.
Nicole Zhang is a tax partner in KPMG China and is also the partner-in-charge for KPMG’s Hainan business.
Nicole has over 14 years of experience in providing tax planning, corporate restructuring, due diligence, commercial and tax planning for business operations, tax-related forex management and other consulting services. She provides professional insights to both multinational and domestic enterprises in the area of corporate restructuring, listing, tax compliance review, and due diligence. She has been providing tax advisory services related to VAT reform since 2012.
Nicole has abundant experience in the field of replacing business tax with a VAT on the real estate industry. She is familiar with the tax administration informatisation requirements for large holding group and real estate projects.
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