This is a past event. Registration is closed. View other AmCham China events.
According to the Chinese Enterprise Income Tax law, corporate taxpayers are required to file their annual EIT return and settle the EIT final payment by May 31 of the following year. The Chinese tax authorities have put a lot of effort into reviewing, evaluating and auditing the correctness and accuracy of the EIT annual return and have issued updated EIT annual filing regulation each year. Since year 2014, the annual EIT return forms have been updated, with more forms to be completed (increased from 17 to 41) in the annual EIT filing. The annual EIT return is one of the most complex corporate tax compliance tasks for multinational corporations doing business in China. The annual EIT compliance reflects both the effectiveness of tax planning measures and the quality of tax risk management.
Questions to be addressed include:
• Who is required to conduct the annual EIT return filing? What are the general procedures and the requirements on updated Annual EIT return settlement? What are the changes and differences compared to previous annual EIT returns? What requirements will require more attention?
• Which kind of book-tax adjustments should be addressed during the annual return filing? What are most common mistakes made by the taxpayers during EIT annual return compliance?
• What are new updates on the regulations in relation to Year 2014 EIT filing, e.g. accelerated depreciation on fixed assets? What are the key changes in the EIT return forms, and things to note in return preparation?
• What kind of documents should taxpayers prepare for supporting the annual EIT return compliance? How can professional tax services assist companies in handling the annual EIT return work?
• Who is required to conduct the annual EIT return filing? What are the general procedures and the requirements on updated Annual EIT return settlement? What are the changes and differences compared to previous annual EIT returns? What requirements will require more attention?
• Which kind of book-tax adjustments should be addressed during the annual return filing? What are most common mistakes made by the taxpayers during EIT annual return compliance?
• What are new updates on the regulations in relation to Year 2014 EIT filing, e.g. accelerated depreciation on fixed assets? What are the key changes in the EIT return forms, and things to note in return preparation?
• What kind of documents should taxpayers prepare for supporting the annual EIT return compliance? How can professional tax services assist companies in handling the annual EIT return work?
