Are you working for a Multinational Company?

Need help legally avoiding tax?

Join the CanadianChamber for a talk on Transfer Pricing this Thursday!

In this session, CanCham Shanghai is pleased to present Richard Bao, the transfer pricing partner from Grant Thornton, who will introduce the fundamental changes made to China’s transfer pricing system and discuss the salient features of China’s new transfer pricing law and its implicationsto your business.

What is Transfer Pricing?

Transfer pricing is the process by which subsidiaries and internationalbranches of companies pay money back to the headquarters by exchanging(buying/selling) services between legal entities within their enterprise. For example, if a subsidiary company sells goods to aparent company, the cost of those goods is the transfer price. It can be used as a profit allocation method to attribute a multinational corporation's net profit (or loss) before tax tocountries where it does business. Transfer pricing results in the setting ofprices among divisions within an enterprise. Thus, transfer pricing is the primary tool for corporate tax avoidance around the world.

A B O U T T H E S E M I N A R

• An overview of transfer pricing within China and across the globe;

• New challenges of disclosure – three tiered documentation requirement and CBC reporting;

• Enhanced regime of audit and assessment;

• Special considerations for intangible and service transactions;

• Implications for businesses in China.

A B O U T T H E S P E A K E R

Richard Bao | Partner | Tax - Supply Chain Tax and Customs

Richard Bao started his career in 2003 as a supply chain tax and transfer pricing specialist with one Big Four firm in China. Ever since, he has been participating in a wide range of supply chain tax, transfer pricing and customs valuation assignments, including planning, risk assessment, controversy management, documentation, APA and etc.

He has practiced in this field for over ten years and served more than 200 clients, a majority of which are the Chinese affiliates of multinational companies listed on Fortune 500. The covered industries include electronics, chemicals, steel, IT, agriculture, F&B, ocean liner, public utility, finance and banking, outsourcing services and etc.

Richard is particularly experienced in controversy management, supporting his clients in various locations such as Shanghai, Jiangsu, Zhejiang, Hebei, Guangdong and etc. on technical discussion and negotiation with both the Tax authorities and the Customs.

Graduated as a Bachelor of Arts from the Shanghai International Studies University, Richard is a tri-lingual speaker of Chinese, English and French.

E V E N T D E T A I L S

Date:
Thursday, October 22nd, 2015

Time:
2:00 pm - 4:00 pm

Venue:
CanCham Conference Room
22F, Tower 3, Jing An Kerry Centre
1228 Yan’an Road Middle, Shanghai

Price:
Member: RMB 150
Non-Member: RMB 250
Note: Cash only

RSVP:
[email protected] / +86 021 6075-8797
Seats are limited, RSVP in advance is necessary.

Cancellation:
Please cancel your reservation in writing 24 hours in advance of the event.

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