Seminars for Commercial Customers - “Implications of Recent Changes in Customs, VAT & Transfer Price Rules and Practice on Manufacturing Companies in PRC” –24 September 2007

Seminar content:

1.

Introduction - The latest phase of VAT policy adjustment  - Background and major changes on industries affected and rates

2.

Planning opportunities I. Possible means to reduce your VAT costs for export - Change of operation model & Supply chain management II. Customs considerations - Common practice in foreign countries - First sale principle: how can it benefit your group II. Transfer pricing: export and import pricing with related parties - Other than VAT and customs considerations, transfer pricing policy considerations in the overall tax planning and its key concerns