At the end of 2008, the China State Council and State Administration of Taxation (SAT) issued the "Business Tax Regulations" and "Business Tax Rules" which became both effective on January 1st, 2009. Both the Business Tax Rules and Regulations cover the scope of taxable services of foreign companies.

In the past, service providers were liable for business tax if the taxable services were performed within China. According to the new Business Tax Rules, services that are provided to an enterprise, none business organization or an individual in China, will be subject to business tax on or after January 1st, 2009, regardless of where the services are performed. Finance and leasing services in particular fall under the Business Tax Regulations and together with the new Business Tax Rules, business tax on interest will now also apply to foreign companies that make loans to their China subsidiaries and affiliates.

Event Rundown
8.00 – 8.40        Registration & Breakfast
8.40 – 8.45        Introduction
8.45 – 9.05        Presentation Wang Jing
9.05 – 9.45        Presentation E&Y
9.45 – 10.00       Q&A

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