Event Summary

Date & Time: Tuesday, 12 January 2021, 9:30AM - 12:30PM

Event Language: English

Ticket: Members: RMB 250 / Non-members: RMB 400

Venue: German Centre Taicang



In recent years the tax and business environment in China has undergone dramatic changes with a significant impact on taxpayers. In addition, the COVID-19 pandemic has increased business uncertainty and cost pressure. 


Against this background, the expert speakers from Ernst & Young will summarize the major tax and customs developments with relevance to subsidiaries of German companies and share their view on tomorrow's tax function.



The seminar will cover the following topics (see Agenda for details):

  • Business Tax: Outbound Remittance, Electronic Invoice, Digital Tax
  • Transfer pricing for multinationals with special consideration of COVID-19
  • Customs: Valuation, AEO Certification, Customs Audit and Voluntary Disclosure


Target Audience:

This seminar is relevant for all CFO and everyone working in the tax and controlling community.

Agenda

9:30 AM - 10:00 AM
Registration & Networking
10:00 AM - 10:05 AM
Welcome Remarks by German Chamber of Commerce in China | Shanghai and Event Introduction
10:05 AM - 10:30 AM
Business Tax
• Outbound Remittance
• Electronic Invoice
• Digital Tax
10:30 AM - 11:00 AM
Transfer Pricing
• COVID-19 impacts and TP considerations• Considerations in the context of TP documentation preparation for MNCs• Global perspective vs. local perspective – key considerations in MNC TP comm...
• COVID-19 impacts and TP considerations
• Considerations in the context of TP documentation preparation for MNCs
• Global perspective vs. local perspective – key considerations in MNC TP communication
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11:00 AM - 11:30 AM
Coffee Break & Networking
11:30 AM - 12:00 PM
Customs
• Customs valuation
• AEO certification/recertification
• Customs audit and voluntary disclosure

Speakers

  • Titus von dem Bongart (Moderator) (Vice Chairperson of the Board of Directors of the German Chamber of Commerce in China | Shanghai, Partner/Head of GBN Greater China, ASEAN, and Korea at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Titus von dem Bongart (Moderator)

    Vice Chairperson of the Board of Directors of the German Chamber of Commerce in China | Shanghai, Partner/Head of GBN Greater China, ASEAN, and Korea at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Titus von dem Bongart joined EY Shanghai as a Partner in 2006 after working 10 years for other Big 5 companies.
    ► Titus von dem Bongart is an Attorney-at- Law and holds relevant degrees from the University of Bonn and the Court of Appeals in
    Schleswig.
    ► He is a lecturer for Chinese Tax at the University of Hamburg as well as the Tongji University in Shanghai.
    ► Titus is the Vice-Chairman at the German Chamber of Commerce Shanghai and Chairman of the More than a Market Steering Committee.
    ► Since 22 years, Titus von dem Bongart has regularly advised clients on various matters related to their China investment, e.g. the restructuring of their China set-up/ China impact of international restructurings including supply chain models and other changes.
    ► He deals with various matters related to different areas of foreign investment in China, e.g. forex, permanent establishments, tax compliance, tax efficiency and incentives.
    ► Titus is a frequent speaker related to China tax matters.
    ► He has served all Dax 30 companies with investment in China in different industries.

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  • Kevin Tang (Moderator) (Partner at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Kevin Tang (Moderator)

    Partner at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Kevin is a tax partner in EY Suzhou. He has 17 years of professional experience in providing tax, regulatory and related business advisory services to multinational companies investing into China.
    ► Kevin has been extensively involved in advising clients on structuring investments in China and he has diverse experience in advising clients on acquisition, reorganization, supply chain management, etc. He has also assisted clients in establishing investment vehicles in China, developing tax efficient transaction models, performing tax health check, applying for various outbound payments, etc.
    ► Kevin has been providing tax advisory services to a number clients during IPO process (including A-share IPO, HK IPO and US IPO) and he has gained rich experience in this area, including restructuring of holding structure, effective tax rate planning, tax benefits optimization and tax risk mitigation, etc.
    ► Kevin’s experience covers a wide range of industries including investment, manufacturing, technology, life science, software, chemical, real estate, and etc.

    Education and Certificates:
    ► Member, Association of Certified Tax Agents in China

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  • Wenjia Zhu (Director of Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Wenjia Zhu

    Director of Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Wenjia Zhu has more than 15 years of professional experience and contributes strong technical competence into the team.
    ► Wenjia started with EY Shanghai in 2015 and during 2014 and 2016, Wenjia was relocated to EY Germany Düsseldorf Office for GSA China Tax Desk.
    ► Wenjia has extensive experience in serving multinational corporations regarding corporate tax compliance, transaction tax, and consultation, business structure and investment strategy planning in China.
    ► Wenjia has assisted many multinational companies especially German based group companies on various corporate tax projects.
    ► Wenjia’s clients are in a wide range of sectors including automotive, pharmaceuticals, advertising, consumer products, services, etc.
    ► Wenjia speaks fluent German and English as well as Chinese.

    Education and Certificates:
    ► Wenjia is a Certified Tax Agent qualified in China
    ► Wenjia is a Certified Public Accountant qualified in Australia

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  • Min Qian (Director of Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Min Qian

    Director of Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► With over 15 years experience in the area of transfer pricing, Min has extensive experience managing global and regional tax and transfer pricing projects covering risk review and assessment; planning and documentation; advance pricing arrangement, and dispute resolutions.
    ► Industriescoveredinclude:automobileparts,industrialproducts, pharmaceutical, medical equipment, consumer products, electronics, information technology, commodity trading, logistics, financial services, and etc.
    ► Prior to rejoining EY in October 2019, Min was responsible for Greater China Transfer Pricing matters of a US-based IT MNC. Before that, Min was a Director with EY, and a Senior Manager with PwC, where she had completed an eighteen-month secondment in the Chicago Transfer Pricing Group in 2006 - 2007, and had worked on various major assignments involving North America , Europe, and China.

    Education and Certificates:
    ► Master’s Degree in Economics and a Bachelor’s Degree in Engineering from the Shanghai Jiao Tong University
    ► Member of CICPA”) and member of CTA

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  • Damin Lian (Senior Manager at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Damin Lian

    Senior Manager at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Damin is a tax senior manager based in Suzhou. He has 8 years professional experience in advising multinational clients in transfer pricing, with strong expertise in global transfer pricing documentation, IP valuation as well as operating model effectiveness/business restructuring. He has broad experience in design, documentation and defense of transfer pricing systems. Also, he has strong technical expertise in transfer pricing matters in relation to financing transactions.
    ► Damin joined EY Germany (based in Hanover/Hamburg) in September 2012 as Consultant and served as Manager at EY Germany since 1 October 2016.
    ► Damin has profound knowledge in Chinese/German and international transfer pricing regulations. He has served many large and mid-sized Chinese/European outbound clients.
    ► Damin spoke frequently at internal and external seminars. He is a member of Shanghai Committee of Trading Affairs of China National Democratic Construction Association as well as an external lecturer at Shanghai Polytechnic University.

    Education and Certificates:
    ► Chartered Financial Analyst (CFA) Charterholder
    ► MBA-degree (Diplom-Kaufmann), University of Bayreuth, Germany

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  • Cheng Qiu (Manager at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Cheng Qiu

    Manager at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Cheng is a transfer pricing manager, started her career in Germany. Now she is on the secondment in EY Shanghai. She has more than 6 years professional experience in advising advises multinational groups in a comprehensive range of transfer pricing matters.
    ► Cheng has rich experience in preparation/review of transfer pricing documentation (incl. global documentation projects), benchmarking and economic analysis, transfer pricing restructuring, audit defense, advance pricing agreements and due diligence in respect of transfer pricing risks.
    ► As a German certified tax advisor, she has a comprehensive understanding of the German tax law system. She speaks fluently Chinese, German and English.
    ► Her focused industries include: life science, chemical, logistics, automotive, electronics and consumer goods etc.

    Education and Certificates:
    ► German Certified Tax Advisor
    ► MSc in Accounting, Audit and Taxation (in Germany)
    ► BSc in Accounting (in China)

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  • Lynette Dong (Partner at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office)

    Lynette Dong

    Partner at Ernst & Young (China) Advisory Ltd. Shanghai Branch Office

    Experience:
    ► Lynette Dong is a Partner of EY Indirect Tax Practice.
    ► Prior to joining EY, she worked as a Customs officer responsible for customs investigation and smuggling checking in Huangpu for many years. She has gained significant knowledge regarding a variety of Customs matters coupled with practical experience dealing with Customs issues in China.
    ► Since joined EY, Lynette has been involved in many customs projects, such as customs valuation, tariff classification, processing trade compliance advisory, customs anti-smuggling audit, potential risk assessment of Customs Operations and help companies identify potential saving opportunities, effectively manage risks and amicably resolve dispute with Customs.
    ► Her work has brought her into contact with lots of industry sectors and it also sees her in daily contact with various local Customs officials.

    Education and Certificates:
    ► Bachelor Degree of from East China University of Politics and Law.
    ► CPA Australia

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Tickets

Member & Friend of Chamber Ticket
Standard Price RMB 250
Non-member Ticket
Standard Price RMB 400

Venue

German Centre Taicang

Dong Ting Building, 16th Floor, Middle Zheng He Road 319, 215400 Taicang | 郑和中路319号东亭大厦16楼,215400 太仓
Taicang, Jiangsu, China

If you have any questions please contact Navin Hossain

Contact Organizer

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Disclaimer

2021 German Chamber of Commerce in China (GCC). While every reasonable effort is made to ensure that the information provided is accurate, no guarantees for the currency or accuracy of information are made. All material relating to information, products and services (or to third party information, products and services), is provided 'as is', without any representation or endorsement made and without warranty of any kind, including the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. The speakers are solely responsible for the content thereof; In no event will the organizer and/or the speakers be liable for any loss or damage whatsoever arising from infringement or any defect of rights of the content of the event/seminar. Views expressed are not necessarily those of GCC. All our events follow Chatham House Rules.


Image credits: Banner photo by Scott Graham on Unsplash