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Two years ago, the central tax authorities in China, the State Administration of Taxation (SAT), announced its intention to revamp the PRC regulatory framework for transfer pricing by incorporating features from BEPS (tax base erosion and profit sharing) and advocating China's tax interests vigorously in a draft circular. Since then, the SAT has kept its promise and steadily issued new regulatory guidance to update China's pre-existing transfer pricing system. In 2016 we saw two heavy-weight bulletins in Circular 42, which deals with transfer pricing documentation, and Circular 64, which addresses China's APA program. These new circulars have profound impact on the global supply chain management of US headquartered multinational companies (MNCs) with China operations.

In March 2017, the SAT issued Circular 6, the third major regulation in the last 12 months to complete the setup of the new transfer pricing regime in the post BEPS era. Circular 6 covers important topics such as transfer pricing methods, transfer pricing adjustment, and MAP process related to transfer pricing. It affects MNCs in multiple fronts including TP policy establishment, TP documentation compliance, TP audit defense and TP controversy resolution. Its significance on MNC's transfer pricing compliance and risk management in China should not be overlooked.

AmCham China will host a transfer pricing roundtable on July 19 dedicated to Circular 6. In this session, senior transfer pricing professionals will discuss with you the following topics:

  1. The current transfer pricing environment in China
  2. The critical elements in Bulletin 6
  3. Transfer pricing audit in China
  4. Transfer pricing strategies under the New Regime

Agenda

2:30 PM - 3 PM
Registration and Networking
3 PM - 3:20 PM
Presentation: "Transfer Pricing Risks Faced by Multinational Companies in China"
3:20 PM - 3:40 PM
Presentation: "Evolving Transfer Pricing Regulations in China"
3:40 PM - 4 PM
Audience Q&A

Speakers

  • Abe Zhao (International Tax Director (Partner Equivalent) of Baker & McKenzie)

    Abe Zhao

    International Tax Director (Partner Equivalent) of Baker & McKenzie

    Abe functions as a tax partner in Baker & McKenzie’s China tax practice. Before joining Baker & McKenzie, Abe served as the global tax director of Huawei’s Consumer Business Group, overseeing the tax operation of Huawei’s consumer device business, e-commerce, and consumer cloud services worldwide. Previously, Abe was the partner in charge of KPMG’s international tax services in the Asia Pacific region and was also the country leader of KPMG China’s international tax practice.

    Abe has a number of years of experience practicing tax consulting as an external tax advisor and managing tax affairs as an in-house tax director. He began his career with Ernst & Young in Atlanta, Georgia in the United States specializing in US international taxation and transfer pricing, and starting from 2003, transitioned into the PRC tax practice to focus on Chinese corporate tax such as tax due diligence, provision, controversy, restructuring, supply chain planning, and turnover tax, etc. He also specialized in Chinese transfer pricing and functioned as the Chinese transfer pricing leader of the Northern region for Ernst & Young China. Over the years, Abe has helped a large number of multinational clients develop tax solutions in complex situations. Serving both China inbound and outbound clients, Abe has strong expertise in international merger & acquisition, private equity structuring, and supply chain management. His experience in tax advisory spans over several industries, including manufacturing, retail, engineering and construction, technology, hospitality, e-commerce, and energy. 
    Abe is a frequent speaker at seminars and forums and regularly contributes to academic journals on tax subjects. He received a Master of Accounting from the University of Georgia, a Master of Economics from the University of Virginia, and a Bachelor of Business from the People’s University of China. He is a Certified Public Accountant (CPA), a Certified Management Accountant (CMA) and is also Certified in Financial Management (CFM).

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  • Xiaoli Huang (Partner at Deloitte)

    Xiaoli Huang

    Partner at Deloitte

    Mr. Huang Xiaoli worked with the State Administration of Taxation (SAT) for over 18 years and is now a partner with Deloitte. Mr. Huang was the first Director of the Outbound Investment Tax Affairs Division and the Anti-Avoidance Division II in the International Tax Department of SAT. He was also Director of the Non-Resident Administration Division, and Deputy Director in the Large Business Taxation Department. He has super experience in international taxation, large business services and management, APA and MAP cases (especially involving US and European countries) as well as years of audit experiences (from the Tax Bureau's perspective).

    As a delegate to OECD, Mr. Huang was deeply involved in the BEPS action plans and MAP Forum. He actively participated the post BEPS work in China including revision the Special Tax Adjustment Regulations. Mr. Huang was in charge of drafting some important international tax policies including the regulation on non-resident enterprise indirectly transfer property in China as known as circular No.7. Mr. Huang was one of the founders of Chinese large business tax risk management. He drafted the Tax Risk Management Guidelines both for Large Business and for tax authorities.

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Prepaid Event Access

Just 1 Fapiao for 12 months, UNLIMITED access to cardholding members and employees of member companies.

Tickets

AmCham Cardholder
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Member Price (Pay at the door) RMB 150
Employee of Member Company
Standard Price RMB 250
Non-Members
Standard Price RMB 400
Door Price RMB 600
PREPAID EVENT ACCESS

Card-holding member ticket.

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Employees of member company

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Prepaid Event Access Terms & Conditions
  • Access to all regular events held at the AmCham China Beijing Office
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