Event Details

BenCham Beijing, along with SwissCham, French and Israeli Chambers, is delighted to invite you to a unique seminar about new regulatory and legal update for foreign invested companies.

The event consists of 3 presentations. In the first part Mr. Christoph Koeppel, Of Counsel of Global Law Office will cover the revised laws for foreign-investment enterprises. Dr. Qisheng Yu, Transfer Pricing Partner of PwC will then talk about the implications of the new rules on Transfer Pricing Documentation and Related Party Transactions Reporting. The last part will be led by Mr. Thomas Granjard, Co-Directing Manager of Mazars in China.

Presentation

1st presentation by Global Law Office:

On October 1, the following revised law came into effect:
-Equity Joint Venture Law
-Contractual Joint Venture Law
-Wholly Foreign Owned Enterprise Law
These revisions were supplemented by the Interim Measures on Filing System for Establishment and Change of Foreign-Investment Enterprises (“FIEs”) promulgated by MOFCOM on October 8, 2016 and a joint MOFCOM / NDRC Notice of the same date referring to the 2015 Guidance Catalogue as the current “negative list”.

If implemented as expected, the new laws will substantially change the current administrative processes for FIEs, the sequence of involved governmental authorities and other relevant aspects. Affected are not only new establishments, but also the administration of changes to existing FIEs, capital increases, equity transfers and pledges, company mergers, splits and terminations.

2nd presentation by PwC:

The State Administration of Taxation (SAT) has issued new rules on Transfer Pricing Documentation and Related Party Transactions Reporting (SAT Public Notice [2016] No. 42). The new standards reflect the international developments on "Base Erosion Profit Shifting" (BEPS) and target to secure the taxation base in China by curbing cross-border charges and adding additional transparency requirements and documentation layers.
What does that mean for European multinationals with their subsidiaries in China? How transparent will intercompany transactions & cross-border margins be going forward? What challenges have to be expected from the analysis of intangibles and the local specific advantages in China? What additional admin efforts are needed to prepare the transfer pricing documentation according to the new standards? What are best practices to keep the documentation efficient and consistent?

Agenda

8 AM - 8:30 AM
Registration and Breakfast
Price
Member: 200RMB
Non-member: 400RMB
The entrance fee includes a breakfast
8:30 AM - 8:35 AM
Opening Remarks
8:35 AM - 9:35 AM
Presentations
9:35 AM - 9:50 AM
Q&A Session

Speakers

  • Thomas Granjard (Co-Directing Manager at Mazars in China)

    Thomas Granjard

    Co-Directing Manager at Mazars in China

    Thomas has 5 years accounting and audit experience with Mazars, he joined the Beijing office in 2007. Thomas developed strong internal control reviews within the Accounting & Financial Support team in Beijing in order to ensure quality standards when servicing our clients. He worked on several major assignments, managing large teams of accountants. Fluent in Mandarin, Thomas has a deep knowledge of Chinese accounting standards and PRC regulations applicable to companies. He holds regular presentations on tax and accounting practices in China at foreign Chambers of Commerce.
    Mazars in China is part of the Mazars group and also a member of the Praxity Alliance which ranks among the top 10 of international accounting firms in size and global billings. Mazars in China specialises in audit, accounting, tax and business advisory services, corporate finance, business risk assessment, corporate restructuring and forensic investigation services.

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  • Christoph Koeppel (Global Law Office)

    Christoph Koeppel

    Global Law Office

    After working as a lawyer in Switzerland for a few years, Christoph started to work for a foreign law firm in Beijing in 2007 and joined Global Law Office in 2011. Christoph acted as counsel and assistant to counsel in mergers and acquisitions, foreign direct investment, restructuring of foreign-invested enterprises, private equity investment. He has been actively involved in advising multinational companies and other foreign investors on the acquisitions of equity interests or assets of Chinese companies and in the establishment of joint ventures and wholly foreign owned subsidiary companies in China.

    The history of Global Law Office dates back to 1984, when it became the first law firm in P.R.China. Global Law Office has attracted clients from all parts of the world, working in countless industries and market areas. The value of Global Law is delivered to its international and domestic clients through its deep knowledge and experience across the full range of practice areas and industries affected by Chinese law.

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  • Qisheng Yu (Partner at Transfer Pricing Service)

    Qisheng Yu

    Partner at Transfer Pricing Service

    Qisheng Yu has been specializing in transfer pricing since 1998 when he joined PwC in Chicago, and has been focusing on China transfer pricing since 2004. He is listed by Legal Media Group among the “World’s Leading Transfer Pricing Advisors.” Qisheng has provided a full range of transfer pricing services to clients in a variety of industries, with a special focus on technology, automotive, and pharmaceutical industries. He is particularly experienced in providing innovative solutions to deal with challenging issues commonly faced by multinationals in China, such as the arm’s length considerations for highly valuable intangibles, location specific advantages, and marketing intangibles.

    PwC China, Hong Kong and Macau work together on a collaborative basis, subject to local applicable laws. PwC provides organisations with the professional service they need, wherever they may be located. Its highly qualified, experienced professionals listen to different points of view to help organisations solve their business issues and identify and maximise the opportunities they seek.

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