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X-WR-CALNAME:The Taxation Institute of Hong Kong
X-ORIGINAL-URL:https://www.tihk.org.hk
X-WR-CALDESC:Events for The Taxation Institute of Hong Kong
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TZID:Asia/Hong_Kong
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TZOFFSETFROM:+0800
TZOFFSETTO:+0800
TZNAME:HKT
DTSTART:20230101T000000
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BEGIN:VEVENT
DTSTART;TZID=Asia/Hong_Kong:20230629T183000
DTEND;TZID=Asia/Hong_Kong:20230629T200000
DTSTAMP:20260605T020243
CREATED:20230512T104656Z
LAST-MODIFIED:20230606T032332Z
UID:600633-1688063400-1688068800@www.tihk.org.hk
SUMMARY:20230629 China Tax regulation update: Draft Value Added Tax Law and E-invoicing
DESCRIPTION:China has stepped up its reform of VAT in recent years as part of efforts to cut taxes and fees on a greater scale\, according to Ministry of Justice. On 27 December 2022\, the latest draft of the VAT law was submitted to China’s Standing Committee of the National People’s Congress (NPC) for the first review and then published on 30 December 2022 for public consultation. \nSimilar to an earlier draft circulated for public consultation almost three years ago\, the new draft imports most of the current VAT rules aiming to provide a stable policy environment. However\, it also introduces certain changes such as the reclassification of domestic VAT-able transactions\, removal of threshold requirement when defining VAT payers and deemed sales etc.\, which may impact businesses\, notably the modifications to creditable input VAT. Also added to the new draft are relevant provisions on the electronic VAT invoice. Hence\, it is crucial to understand the key modifications of the draft so as to assess the impact on enterprises and cope with the new changes. \nWe are pleased to invite the VAT expert Sarah Chin\, Indirect Tax Partner of Deloitte China to discuss the key points of the latest draft VAT law\, electronic VAT\, and invoice management on how to help corporations to enhance the VAT tax management in order to seize more business opportunities. \n
URL:https://www.tihk.org.hk/event/20230629/
LOCATION:TIHK Office\, 21/F\, Kam Sang Building\, 255-257 Des Voeux Road Central\, Hong Kong
CATEGORIES:Seminar,Webinar
ATTACH;FMTTYPE=image/png:https://www.tihk.org.hk/wp-content/uploads/2023/05/20230629-flyer-for-Website.png
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