The world economy has reached to another critical juncture. There is the trend of updating the key elements of the century-old international tax system because it is no longer fit for the globalized 21st-century economy. The two-pillar package– the outcome of negotiations coordinated by the Organization for Economic Co-operation and Development for much of the last decade - aims to ensure that large Multinational Enterprises (MNEs) pay tax where they operate and earn profits while adding much-needed certainty and stability to the international tax system.
In addition, a series of China tax policies were introduced in 2021. Therefore, we are pleased to invite Elaine Xing, Tax Director of Deloitte China to share her professional observations on the Global Tax Reform and China Tax Update. She will revisit and discuss tax policy and development trend of this year to equip you with necessary knowledge to respond to opportunities and challenges ahead.
Part 1: Global Tax Reform
- New taxation rights under the global tax reform
- Highlights of Pillar One and Pillar Two
- Who will be affected and how?
- What should the MNCs prepare?
Part 2: China Tax Update
- Corporate tax incentives update
- Electronic Special VAT invoice
- Extension of the Individual Income Tax incentives
AmCham China, Tianjin's monthly executive breakfast is a great opportunity to meet the members of the Executive Committee and become involved in the Tianjin professional community. Network and share information with your fellow members, while enjoying a delicious breakfast at a great price.