[法律资料]china_tax_final_111011.pdfVIP

The Dbriefs China Issues series presents: China Tax and Regulatory Update: Indirect Tax Credits and Refunds Sarah Winters, Deloitte Tax LLP Nigel Mellor, Deloitte Tax LLP Sarah Chin, Deloitte China November 10, 2011 Agenda U.S. perspective on value-added tax issues VAT reform – Shanghai pilot Export VAT refund • How it works • Revoking the refund Exemptions • Business tax • VAT Questions and answer Copyright ©Copyright ©Deloitte Development LLC.Deloitte Development LLC. All rights reserved.All rights reserved. U.S. perspective on value- added tax issues U.S. perspective on VAT issues in China - General • Sourcing – Is China still an attractive proposition from a cost perspective? – What incentives are potentially available? – Do the benefits outweigh the challenges? • Accessing the Chinese Market – What presence is needed in China in order to operate in the Chinese market? – What structure works best for businesses? • Contract / Toll Manufacturing – What indirect tax obligations are created? – How is it best to manage these indirect tax obligations? – Is it possible to also sell locally? 1 Copyright © 2011 Deloitte Development LLC. All rights reserved. U.S. perspective on VAT issues in China - Planning • Export Refund Scheme – What is the Export Refund Scheme? – How does the Export Refund Scheme work? – What measures can be taken to avoid creating any unnecessary costs? – Are the costs passed on to US businesses? 2 Copyright © 2011 Deloitte Development LLC. All rights reserved. U.S. perspective on VAT issues in China - Compliance • Recordkeeping, Invoicing and Administration – How onerous are the a