CanCham Shanghai is delighted to invite you to our upcoming event about Navigating Compliance in China - updates on corporate tax, mitigating fraud risk and environmental law. The business seminar will be divided into four sessions.
Sally Xu will first brief on the latest tax development by focusing on the corporate income tax (CIT) and Value Added Tax (VAT), as well as the key targets of tax audit in 2017 which normally follows the annual CIT filing.
While reforming these taxes, the Chinese government is also amid its crackdown on corruption; this has been one of the major cornerstones of President Xi Jinping’s administration. The unprecedented anti-corruption effort throughout China has exposed a business culture in which the public and private sectors are both plagued with fraud. Multinational corporations operating in China have now been given notice that China’s enforcement agencies will not tolerate corruption or any other form of fraud. During his presentation, Tim Klatte will discuss the following topics: (1) Current fraud trends and the anti-corruption campaign in China; (2) How to identify and detect red flags that may be apparent from headquarters.; (3) Recommendations for Canadian companies to mitigate fraud schemes in China; and (4) Best practices Canadian companies should consider in responding to fraud.
Then the seminar will focus on how to mitigate fraud risk while following compliance obligations within the environmental sector. CEOs these days are routinely put into only administrative detention for major infringements. In fact, environmental law in China have long had the stigma of being a toothless tiger. But more rigorous new laws and policies, paired with enhanced enforcement resources, are gradually transforming the environmental landscape and brought 'environmental compliance' to the forefront for the first time. In his presentation, Peter Corne will look at the nature of these changes, the effect it has regarding compliance, and new business opportunities that are arising as a result.
Finally, the seminar will end with a panel discussion on "Sharing best practices when navigating in China" and experts will provide tips and suggestions on tax, risk management and other legal issues.
The presentation will be only in English.