Workshop Legal & Tax: "Tax Digitalisation in China"

Nowadays, digitalisation is broadly adopted in all aspects of our lives. To better manage the mass data with such a huge base of taxpayers in China, the state administration of taxation (SAT) is also constantly concentrating their enthusiasm in digitalisation of the tax related data. Until very recently, the SAT introduce the golden tax system phase III (GST III) nationwide, which can deliver convenience in tax compliance works for taxpayers on one hand, while bring impactful risks on the other hand.

This seminar will focus on sharing best practices and real life case examples of risks that can be brought with the tax digitalisation, and how to control them.

The seminar will focus on following parts:

1. How digitalisation functions by Chinese tax administrations
2. Case sharing in digitalisation:

• Tax audit/investigation by KPI setting in GST
• Non-trade payment taxation management
• Cross-department information exchange

3. Suggestions in tax risk management and controlling to cope with the digitalisation