China tax authorities and perspectives on underpaid taxes - Workshop 2018

In the event that informal or formal tax enquiries from the China tax authorities are under-estimated, and are not handled carefully and adequately, they may turn into tax audits or investigations.

In this workshop, speaker will discuss the ways to discover issues in potential tax enquiries and tax audits in China, as well as the approaches to deal with them.

Key topics covered:

• Why tax bureaus come?
• How tax bureaus find out underpaid taxes?
  - International changes
  - Development in China
• What are tax bureaus’ interested areas?
• Lessons from some recent tax audit cases
• Tax non-compliance consequences – financial, legal and others
• Rights & obligations – DOs and DON’Ts
• Approaches to “win-win” solutions

Trainer profile:

Caesar Wong, Managing Director of China Business Services, RSM Hong Kong

Caesar specialised in China and international tax and business advisory services. He was with Andersen, PwC, EY and Deloitte for more than 24 years, and was seconded to Shanghai in 1994, and relocated to Guangzhou to witness the development of China’s free trade zones. Caesar supports government’s policy studies and drafting, and helps in trainings, assessments and consultation activities. Caesar is a professional accounting and tax advisor. He is Vice President and Chairman of China Tax Committee of The Taxation Institute of Hong Kong; the first China tax member of ACCA’s Global Forum for Taxation; Committee Member of Taxation Academic Research Committee of The Chinese Tax Institute affiliated by The State Administration of Taxation; Member of Invest Guangzhou Expert Panel appointed by Guangzhou Municipal Board for International Investment.

Learning objectives

• Understand why and how tax enquiries and tax audits arise
• Identify tax bureaus’ interested areas
• Gain knowledge on tax non-compliance consequences – financial, legal and others
• Know the rights and obligations
• Apply approaches to “win-win” solutions

Audience

This workshop is suitable for strategic investors, directors, corporate executives, people involved in tax and risk management functions, and who are interested in knowing how China Tax Authorities Find Out Underpaid Taxes.