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The Workshop

No multinational corporation (MNC) with a presence in Asia Pacific can ignore China – however it is known as a difficult jurisdiction when it comes to cash repatriation.

This friction between the amount of foreign investment in China and the complexity of cash extraction is one of the main reasons for the number of tax audits faced by MNCs in China. 

The objective of this workshop is to better understand what can trigger a tax audit in China, how to prepare for it and how to defend the company when it happens. For this, two in-house tax professionals with a regional scope and a Chinese tax advisor will share their experiences, focusing on cases where money is paid out of China.    

 

Agenda

  • Different kinds of audits and what companies can expect
  • Focus on two common challenges faced by MNCs in China:
    • Recharge of services
    • Service Permanent Establishment (PE)
  • How to prepare your company to minimise the impact of tax audits?
  • What is the approach of Chinese tax authorities?
  • What are the tried and tested lines of defence?

 

Speakers

 

 

 

 

 

 

Jordi Bonabosch

Senior Regional Tax Manager

Rémy Cointreau Group

 

Jordi is a Senior Tax Manager at Rémy Cointreau Group. He covers the worldwide tax aspects for Treasury and GTR (Global Travel Retail), as well as direct, indirect tax and transfer pricing (TP) aspects for Asia Pacific. He specialises in international tax and TP, and he has been working both in-house and in public accounting for more than 15 years, in countries such as Gabon, Equatorial Guinea, United Kingdom, Spain, France and China.

Jordi is a lecturer in international tax at the Master in International Business Law, at Montpellier University. He has spoken at various seminars touching on Advanced Pricing Agreements in Paris, on French tax law in Hong Kong and Singapore, on Chinese tax law at the French Chamber of Commerce in China, and on Equatorial Guinean law in London, Aberdeen (UK) as well as in Houston (US) during the Deloitte Oil & Gas Conference.

He is a member of the International Fiscal Association (IFA), and he has contributed various articles in professional publications including “International Tax Review”, “Journal des Sociétés”, “Tax in Africa” and the Human Resources Guide published by the French Chamber of Commerce in China.

 

 

 

 

 

 

 

 

Adnan Begic

Head of Transfer Pricing, Asia-Pacific

Michelin Asia-Pacific Pte. Ltd.

 

Adnan leads Michelin’s APAC Transfer Pricing (TP) practice and is responsible for all aspects of TP including TP compliance, TP planning, implementation of TP policies, managing audits & dispute resolutions, APAs and operational TP across Asia Pacific. Adnan has over 13 years (10 years in Asia) of experience in TP and international tax and has previously worked in Big 4 firms in New Zealand and Singapore.

He is also the Singapore Vice President of Tax Executives Institute (TEI) Asia Chapter, Board member of TEI Asia Chapter and is a frequent speaker on regional tax and TP conferences.

 

 

 

 

 

 

 

Noe Denis

Regional Tax Officer, Asia Pacific

Allianz SE

 

Noe is the Asia Pacific Regional Chief Tax Officer of Allianz. Noe has over 12 years of experience working in Belgium, France and Asia mainly on international tax law, restructuring, transfer pricing and managing audits & dispute resolutions.

Noe previously worked several headquarters of Belgian and French multinationals and in tax departments of top tier law firms and has contributed to various articles in international and Belgian professional publications.

 

 

 

 

 

 

 

Alan Yam

Partner of Tax and Business Advisory Services

China Tax Leader for the European business in China

Central China Tax Leader

PwC

 

Alan Yam is a Partner of Tax and Business Advisory Services in Shanghai and is the Central China Tax Leader. He is also China Tax Leader for the European business in China, with specific focus on serving major European inbound investment to China. He began his career in Hong Kong in 1990 and was seconded to Shanghai in 1994. He became a Partner in 2000.

During his professional years, Alan has developed extensive experience in providing tax and business consultation to many US and European Multinational companies investing in China.

Alan provides extensive services including China corporate restructuring and business model transformation, post deal integration, as well as tax audit strategy and defence.

Alan was voted a top tax advisor for 3 consecutive years for Mainland China and Hong Kong in the surveys conducted by the International Tax Review.

Alan received his Bachelor of Business Administration (Professional Accountancy) from the Chinese University of Hong Kong, and he obtained his Master of Business Administration from the Kellogg School of Management, North Western University in Illinois, US. He is also a member of the American Institute of Certified Public Accountants and Chinese Institute of Certified Public Accountants.

 

 

This event is open only to members of EuroCham. If you are keen to attend, please contact Mr Elgin Seah at elgin.seah@eurocham.org.sg