Issues Relevant to Investment into China中国投资有关问题Roger Di, Tax Partner, KPMG Beijing11 August 2011邸占广，毕马威税务合伙人2011年8月11日
NoticeIntellectual property restriction This document has been prepared specifically forUS CMA member training. It is not to be used or duplicated for any purpose other than US CMA member training and is not to be disclosed or referred to, in whole or in part, without our prior written consent. The restriction pertains to all data throughout the entire document. 知识产权限制本文件是毕马威特别为美国注册管理会计师协会会员培训编撰。除用作美国注册管理会计师协会会员培训外，本文件不得作其他用途，也不得因为其他用途而复印。未经本公司书面同意，任何人士不得披露或引述本文件的全部或部分内容。这项限制适用于本文件内的一切资料。' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 1member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
KPMG China country profileKPMG International: strong global network with industry focus KPMG is a global network of professional firms providing Audit, Tax and Advisory services, with an industry focus. We operate in 146 countries. We have more than 140,000professionals. We have more than 7,900 partnersworking in member firms China: early commitment to the China marketKPMG operates across China with offices in Beijing, Shenyang, Qingdao, Shanghai, Nanjing, Chengdu, Hangzhou, Fuzhou, Guangzhou, Shenzhen, In 1992, KPMG was the first international accounting firm to Xiamen, Hong Kong and granted a joint venture licence in China, and our Hong Kong operations have been established for 60 years. The firm Our 13 offices are located close to our clients. KPMG benefits from a has:single management structure across China,•More than 9,000 employeesHong Kong and Macau. This enables efficient and rapid deployment of resources wherever the client is located and allows us to effectively serve •companies across the offices' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 2member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
毕马威中国在国内市场的概况毕马威国际：设有多个行业专责团队的庞大全球网络毕马威国际是网络遍布全球的专业服务机构，设有由优秀专业人员组成的多个行业专责团队，致力提供审计、税务和咨询等专业服务。•我们的成员所遍布146 个国家•我们拥有逾140,000 名专业人员•7,900 多名合伙人在全球各地的成员所提供专业服务.毕马威中国：率先打入中国市场毕马威中国在北京、沈阳、青岛、上海、南京、成都、杭州、福州、广州、深圳、厦门、香港和一九九二年，毕马威成为首家获准在中澳门均设有办事处。国合资开业的国际会计师事务所，而在香港提供专业服务亦已超过六十年。毕毕马威中国的十三家办事处均位于便利为客户服马威中国拥有务的地点。我们在中国、香港特别行政区和澳门:特别行政区都以统一的经营方式进行管理，因此，•逾9,000 名专业人员无论客户在哪个地区，我们都能够高效和迅速地调动资源，为整个中国地区的客户提供完善的服务。•13 家办事处' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 3member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Agenda目录Overview概述Investment Holding Structures 投资控股架构Funding Issues出资问题Profit Repatriation利润汇回M&A并购Exit退出General update 法规更新' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 4member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Overview概述
Overview Key Taxes for Structuring概述–主要税种Corporate Income Tax 企业所得税Business Tax 营业税Stamp Duty 印花税' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 6member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Overview Corporate Income Tax (CIT)概述–企业所得税Effective from January 1, 2008 自2008年1月1日生效Tax Rates 税率 25%: resident enterprises and non-resident enterprises with PE 25%:居民企业和在中国境内设立机构、场所的非居民企业 10%: non-resident enterprises with no PE or with PE but without effectively connected income (Withholding Tax)1机0构%:、在场中所国没境有内实未际设联立系机的构非、居场民所企的业，（或预者提虽所设得立税机）构、场所但取得的所得与其所设Transfer pricing 转让定价 Contemporaneous documentation 同期资料要求 Thin cap rules 资本弱化相关规定 CFC rules 受控外国企业相关规定 General anti-avoidance rules 一般反避税相关规定M&A Rules -Caishui [2009] No. 59 并购法规-财税[2009]59号文件' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 7member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Overview Business Tax (BT)概述–营业税Nature: indirect tax, not income tax性质：间接税，非所得税Scope 范围 Provision of services (other than processing and repairing)提供劳务（不包括加工和修理、修配） Transfer of intangible assets 转让无形资产 Sales of immovable properties销售不动产Rate 5% generally 税率–一般为5%Tax payable = revenue x rate 应纳税额= 营业额x 税率Generally not creditable 通常不可抵扣' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 8member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Overview Stamp Duty概述–印花税Contracts subject to protection of Chinese laws受中国法律保护的合同Payable by all parties to contracts合同各签署方都有纳税义务Rates per each party 税率 Loans 借款: % Equity/property transfers 股权/资产转让: % Licensing of IPRs 知识产权使用权转让: % Technical services 技术服务: %' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 9member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures投资控股架构
Investment Holding Structures投资控股架构Investment Vehicles in China 中国投资形式 Legal entity: WFOE, EJV, CJV 法律实体：外商独资企业、中外合资企业、中外合作企业 Branch: insurance, banking(rarer), projects, production sharing contracts in oil & gas 分公司：保险、银行(很少）、项目、油气田产品分成合同 Partnership：rules on foreign invested partnerships and China domestic partnership 合伙企业: 外商投资合伙企业和国内合伙企业Forms of foreign investors in China 外国投资者的形式 Legal entity 法律实体 Natural person 自然人 Partnership 合伙企业 Trust 信托' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 11member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures投资控股架构Domestic Law 国内法 Dividends 股息■Source: Payer of dividends is in China 来源：股息的分配者位于中国■Up to December 31, 2007: Exempt from Withholding Tax 截至2007年12月31日：免预提所得税■From January 1, 2008: 10% Withholding Tax 自2008年1月1日起：10%预提所得税 Capital gains 资本利得■Source: Entity whose equity interest being transferred is in China来源：在中国的股权被转让企业■10% Withholding Tax 预提所得税10%■Rollover relief up to December 31, 2007 过渡优惠截止到2007年12月31日■From January 1, 2008 (New M&A rule): rollover relief available? 2008年1月1日以后过渡优惠仍然有效？Possible treaty relief 协定优惠 Dividends: reduced WHT rate 股息：较低的预提所得税税率 Capital gains: exemption (mostly portfolio) 资本利得：免税（大多数情况下） Tax sparing 税收饶让' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 12member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures投资控股架构Hon香g 港KongSin新g加ap坡oreM澳ac门auM毛a里ur求iti斯us BaLux卢e森mb巴r巴ba多d斯os I爱re尔lan兰d 堡urg (%)(%)(%)(%)(%)(%)(%)Dividends 股息51or 1051or 1051or 10551or 1051or 1051or 10Capital Gains:资本利得Land-rich不动产10101010101010OthersExempt2Exempt2Exempt2Exempt2Exempt2Exempt2Exempt2其他免税2免税2免税2免税2免税2免税2免税21: Corporate beneficial owner directly holds at least 25% of capital of distributing company受益所有人至少直接控制支付股息公司25%的股权2: Transferor holding less than 25% of shares, no less than 50%/most of the assets are not immovable properties出让人控股少于25%，50%以上/主要的财产为非不动产' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 13member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures投资控股架构Tax Considerations for tax relief 协定税收优惠的税务关注点 General anti-avoidance provisions 一般反避税条款 Tax resident test, beneficial ownership test and equity threshold test 居民企业、受益所有人和股份限额 Specific anti-treaty shopping rules: registration and approval requirements 防止滥用协定规定: 登记和批准要求' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 14member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures Chinese Holding Company (CHC)投资控股架构–外商投资性公司Pros 优势 Corporate image 树立公司形象 Procurement and distribution functions 采购和运销功能集中 Shared services 服务共享 Cash pooling through entrusted loans 通过委托贷款来建立现金池 Accelerated repatriation due to less restrictive debt-equity ratio than underlying subsidiaries相对子公司而言有较低的债资比率限制，可以更快速地将利润汇出Cons 劣势 Cash trap due to double reserves 税后利润提取基金而产生“资金陷阱” No tax advantages 没有税收上的优惠' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 15member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Investment Holding Structures Indirect Share Disposals投资控股架构–间接股权转让Issued on December 10, 2009, effective from January 1, 20082009年12月10日颁布，2008年1月1日生效Indirect disposal of equity interest in a Chinese resident enterprise may be taxed in China:间接转让中国居民企业的股权有可能在中国被征税的情形如下：a)Indirect disposal by selling the share in an offshore holding company if the offshore holding company is located in a country (jurisdiction) where the effective tax burden is less than % or where the offshore income of her residents is not taxablea)境外投资方（实际控制方）间接转让中国居民企业股权，如果被转让的境外控股公司所在国（地区）实际税负低于%或者对其居民境外所得不征所得税的b)Indirect transfer through the abuse of form of organization, etc and there are no reasonable commercial purposes such that the CIT is )境外投资方（实际控制方）通过滥用组织形式等安排间接转让中国居民企业股权，且不具有合理的商业目的，规避企业所得税纳税义务的Income derived from equity transfer refers to income derived from direct or indirect transfer of equity interests in Chinese resident enterprises, excluding shares that are bought and sold openly on stock exchanges股权转让所得是指非居民企业转让中国居民企业的股权（不包括在公开的证券市场上买入并卖出中国居民企业的股票）所取得的所得' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 16member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
Investment Holding Structures Considerations投资控股架构–需考虑的因素Considerations: 考虑 Performing necessary compliance / registration requirements符合必要的合规/登记要求 Review the current or proposed China investment structure审阅现行或中国投资结构构想 Review business substance of intermediate holding company and associated costs审阅间接控股公司的经济实质及相关成本 Be prepared for challenges or factor the 10 percent China Withholding Tax into disposal considerations.在考虑股权转让时做好10%中国预提所得税的准备' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 17member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
Funding Issues出资问题
Funding Issues出资问题Corporate rules 公司法 Form of instruments 主要形式■Equity interests/shares 股权■Loans/corporate bonds 贷款/公司债券■Preference shares? 优先股？■Convertible bonds?可转换债券？ Equity/debt ratios 资本/债务比率(7:3, 1:1, 2:3, 1:2)Forex rules: foreign debt registration 外汇法规：外债登记' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 19member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Funding issues出资问题Equity/Debt ratios 资本/债务比率Do ratios apply to both foreign currency loans and local currency loans?该税率是否既适用外币贷款也适用本币贷款？Minimum Registered Total Investment (X)Capital (Y)Equity/Debt ratios投资总额最低注册资本资本/债务比率X ≤ US$3,000,000Y / X ≥ 70%7:3US$3,000,000 < X ≤ Y / X ≥ 50%; and1:1US$10,000,000Y ≥ US$ 2,100,000US$10,000,000 < X ≤ Y / X ≥ 40%; and2:3US$30,000,000Y ≥ US$ 5,000,000X > US$30,000,000Y / X ≥ %; and1:2Y ≥ US$12,000,000' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 20member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Funding Issues Treaty Relief出资问题 协定优惠Hong KongSingaporeMLux香港澳ac门au新加坡M毛a里ur求iti斯us B巴ar巴ba多d斯os I爱re尔land 卢e森mb兰堡urg (%)(%)(%)(%)(%)(%)(%)Interest1利息772or 107or 10101010101: WHT exemption on interest received by government authorities or other recognized authorities从政府组织或其他认可组织收到的利息免税2: Interest derived by banks or other financial institutions银行或其他金融组织的利息' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 21member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation利润汇回
Profit Repatriation利润汇回Dividends 股息Interest 利息Royalties 特许权使用费Service fees 服务费Cost sharing 成本分摊Capital reduction 减资' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 23member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Dividends利润汇回 股息Accumulated distributable profits only 仅指累计可分配利润 Cash traps 资金陷阱 Distribution: final vs. interim 分配：终期或中期 Depreciation/amortization 折旧/摊销 Allocation to Three Funds “三项基金”的分配■General Reserve Fund 储备基金 WFOE: 10% of profits after tax to 50% of registered capital 外商独资企业：税后利润的10%，最多为注册资本的50% JV: Board s discretion合资企业：董事会自行决定■Enterprise Expansion Fund 企业发展基金 WFOE: exempt 外商独资企业：免 JV: Board s discretion 合资企业：董事会自行决定■Staff Welfare and Incentive Fund 职工奖励及福利基金 All cases: Board s discretion 所有企业：董事会自行决定' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 24member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Loan Interest利润汇回 借款利息Foreign Lender 境外债权人 Withholding Tax 预提所得税 Business Tax 营业税 Stamp Duty 印花税Chinese Borrower 境内债务人 CIT: Deductible? 企业所得税：是否可以扣除？ Arm s length; otherwise 独立交易原则 Thin cap ratio 资本弱化比率 Non-FIs 非金融机构:1:2 FIs金融机构:1:5 Stamp Duty 印花税' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 25member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Royalties利润汇回 特许权使用费Nontax Regulations 非税收规定 Registration of licensing agreements with MOFCOM商务部门特许权使用费合同登记Tax Regulations 税收规定 Foreign licensor 国外授权人■Withholding Tax 预提所得税■Business Tax 营业税 Exemption for technology development and transfer and related tech services技术开发合同及相关的技术服务免税■Stamp Duty 印花税 Chinese licensee 中国被授权人■Deductible for CIT purposes subject to arm s-length principle根据独立交易原则企业所得税前可以扣除■Import VAT and duty if related technology/trademark in/on imported goods如果相关技术/商标以货物形式进口，则会涉及进口增值税和进口关税，■Stamp Duty印花税' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 26member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Service Fees利润汇回 服务费Foreign Service Provider 境外服务提供方 Tax registration requirement under Decree 19 from March 1, 2009 if onshore 19号令要求规定了自2009年3月1日起对非居民在中国境内承包工程作业和提供劳务的服务提供者的税务登记要求 CIT 企业所得税■No liability if no PE 如未构成常设机构，无纳税义务■CIT applies when PE is constituted 如果构成常设机构，有纳税义务 Business Tax: if either provider or recipient in China 营业税：如果服务的提供方或者接受方在中国境内 Stamp Duty: if technical services 印花税：技术服务Chinese Service Recipient 中国境内服务接受方 Management fees specifically disallowed “管理费”不允许扣除 Deductible if on arm s-length basis 如果符合独立交易原则，则可以税前扣除' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 27member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Cost Sharing利润汇回 成本分摊Scope 范围 Two parties or more jointlycarrying out activities and incurring costs两方以上共同开展活动并产生的相应成本Foreign cost charger 国外收款人 CIT/Withholding Tax 企业所得税/预提所得税■Not liable if arm s length 如果符合独立交易原则，无纳税义务■Subject to approval of SAT 需要国家税务总局批准 Business Tax: Not liable 营业税：无纳税义务 Stamp Duty: if technical services? 印花税：如果为技术服务？Chinese cost chargee 中国付款人 CIT: Deductible? 企业所得税：可以扣除？ Arm s-length principle 独立交易原则 Subject to approval of SAT需要国家税务总局批准' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 28member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
Profit Repatriation Capital Reduction利润汇回 减资Nontax Regulations 非税收规定 Regulatory Requirement 法规要求■Scaling down of operations 减小运营规模 Approval requirements 需要取得批准■Generally difficult 通常很困难■Practice varies from city to city 各地的操作差异很大Tax Regulations 税收规定 Potential claw-back of tax incentives previously enjoyed under old law之前在旧法下享受的的税收优惠有可能被追回' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 29member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
M&A并购
M&A Options for Cross-border Acquisitions并购–跨境收购的选择Asset deal资产收购 Avoid/reduce inherited tax risks 避免/减少遗留的税务风险 Achieve debt pushdown实现债务转移 Incur transaction tax costs on sellers and buyers买方和卖方均需付税Equity Deal股权收购 Certain scope for purchase of tax losses利用税务亏损 May be easier to achieve debt pushdown through merger in future更容易实现债务转移 Reduce transactions tax costs减少交易税负' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 31member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
New M&A Rule Corporate Restructuring新企业并购规定–企业重组Fall outside the ordinary course of business of an enterprise企业在日常经营活动以外发生的法律结构或经济结构重大改变的交易Legal structure or economic structure of the enterprise is changed, including:法律结构或经济结构重大改变的交易，包括 Change of legal form 企业法律形式改变 Debt restructuring债务重组 Equity restructuring股权收购 Asset acquisition资产收购 Merger合并 De-merger分立' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 32member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
New M&A Rule Tax Treatments新企业并购规定-税务处理Ordinary Treatment一般性税务处理规定 Transferred at fair value 按公允价值确认 Recognized gain/loss at time of transfer 转让时确认相关所得/损失 Changed tax base 计税基础改变（以公允价值为基础确定）Special Treatment特殊性税务处理 Transferred at book value 以帐面价值确认 No Gain No Loss 不确认所得/损失 Tax base unchanged 计税基础不变' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 33member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
CIT Update: Special Treatment Cross-border Restructuring -Case 1企业所得税更新：特殊性税务处理–跨境重组–案例1100% equity consideration 100%股权支付Co ACo100% ACo BOverseas境外Overseas境外China境内China境内X%X%Co XCo XConditions for special treatment 满足特殊性税务处理条件All conditions under Article 5 of Circular 59符合59号文第5条的全部条件Co A directly controls 100% of Co B Co A 100%直接控股Co B Transfer does not result in change of capital gains tax burden regarding shares in Co X 转让不会造成日后CoX股权转让所得的预提税负担变化Co A promises to Chinese tax authority not to transfer shares in Co B within 3 consecutive year after transfer of shares in Co XCo A向主管税务机关书面承诺在转让CoX股权的3年（含3年）内不转让其拥有Co B的股权；' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 34member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
CIT Update: Special Treatment Cross-Border Restructuring -Case 2企业所得税更新：特殊性税务处理–跨境重组–案例2100% equity consideration 100%股权支付CoCo A AOverseasX%OverseasChinaChina100%Co XCo XCo BX%Conditions for special treatment满足特殊性税务处理条件All conditions under Article 5符合第5条的全部条件Co A directly controls 100% of Co BCo A 100%直接控股Co B' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 35member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
Exit退出
Exit退出Transfer of Equity Interests股权转让 Capital Gains 股权转让所得■Sales proceeds Costs of investment Retained earnings？转让股权收入–投资成本–留存收益？■Sales proceeds Costs of investment?转让股权收入–投资成本？ Potential double taxation 潜在的双重征税Liquidation -Caishui [2009] No. 60 清算-财税[2009]60号 Deemed dividends = Retained earnings + share of reserve视同股息所得=累计未分配利润+累计盈余公积中按该股东所占股份比例计算的部分 Deemed capital gains = Remaining income Deemed dividends -Costs of investment视同投资转让所得=剩余资产–视同股息所得-股东投资成本' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 37member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
CIT Update: Tax implications of PE Deemed Profit Rates企业所得税更新：常设机构的税务影响–核定利润率Methods to determine taxable income for CIT purposes确定企业所得税应纳税所得额的方法 Based on revenue: Taxable income = revenue x deemed profit rate收入总额核定应纳税所得额：应纳税所得额= 收入x 核定利润率 Based on costs and expenses: 根据成本费用总额确认■Taxable income = Costs and expenses / (1 deemed profit rate) x deemed profit rate应纳税所得额= 成本费用总额/ (1 –核定利润率) x 核定利润率 Based on expenditure: 根据经费支出总额确认■Taxable income = Expenditure / (1 deemed profit rate Business Tax rate) x deemed profit rate应纳税所得额= 经费支出总额/ (1 –核定利润率–营业税率) x 核定利润率General deemed profit rates for different businesses 不同行业的一般核定利润率 15% -30% for construction contract, design and consulting services从事承包工程作业、设计和咨询劳务的，利润率为15%-30% 30% -50% for management service 从事管理服务的，利润率为30%-50% Other types of services or non-service businesses: no less than 15%.从事其他劳务或劳务以外经营活动的，利润率不低于15%。' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 38member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
CIT Update: Transfer pricing Reporting & Documentation企业所得税更新：转让定价–报告及文档准备All Taxpayers所有纳税人Qualified Taxpayers符合条件的纳税人Related Party Transactions AnnuContemporaneous al Reporting Forms企业年度关联业务往来报告表Documentation同期资料LargerTransfer Pricing Compliance Burden转让定价合规成本负担更重' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 39member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
Tax Filing Basis for Representative Offices代表处的纳税申报方法Effective from January 1, 2010 自2010年1月1日起生效Tax filing basis for representative offices:代表处纳税申报方法 Actual basis 据实征收 Deemed basis 核定征收a) Cost-plus basis: 经费支出换算收入征收 Deemed revenue = Expenditure / (1 Deemed Profit Rate Business Tax rate)核定收入= 经费支出/ (1 核定利润率–营业税税率） Tax payable = deemed revenue x Deemed Profit Rate x CIT rate 应纳税额= 核定收入x 核定利润率x 企业所得税率b) Actual Revenue basis: 按收入总额核定征收 Tax payable = Actual revenue x Deemed Profit Rate x CIT rate 应纳税额= 实际收入x 核定利润率x 企业所得税率The Deemed Profit Rate has been increased from 10% to no less than 15%核定利润率从10%调整为至少15%Exemption treatment is cancelled and tax authority will clean up existing exemption treatment on representative offices免税待遇已经废除并且税务机关将清理现有代表处的免税待遇' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 40member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in
Q&A问答
Roger Di -CVName Roger DiPosition Partner, Tax, KPMG BeijingQualifications , Peking University Law School, Certified Management Accountant (US), Director of Global Board of US Institute of Management Accountant (IMA)ExperienceRoger has practised China tax since 1998. He has extensive experience in advising foreign investment investors and China domestic investors on investment regulatory , foreign exchange, customs, establishment of companies in China, tax planning and designing tax effective investment structure/restructure, Roger has extensive experience in performance tax compliance review and tax due diligence has assisted China state owned enterprises in designing outbound investment structures and performing tax due diligence reviews. The outbound investment projects concerned jurisdictions of the US, Western Europe, Africa, South East Asia and Middle Asia. Roger DiRoger has extensive experience in representing foreign investment companies and China Condomestic companies in negotiating with the authorities on various issues and assisting in tact information:various tax disputes / tax was the Head of the China Centre of Excellence of KPMG US based in New York in 82009 and 2010 responsible for designing China investment structure, China tax planning and /F, Office Tower E2Orientaadvising on China regulatory and taxation issues for companies in North America. Before l Plaza, No. 1 Easthat, t Chang An AveRoger worked in KPMG Vancouver and Toronto for a period of time participating in the .Beadvisory on China regulations and taxation for Canadian investors. ijing 100738, ChinaRoger is a frequent speaker on events organized by KPMG and various professional Tel: +86 (10) 8508 5000organizations, banks and universities in North America and : +86 (10) 8508 7512Fax: +86 (10) 8518 5111Email: @Language skill English and ' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 42member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
邸占广–简历姓名 邸占广职位 合伙人，毕马威北京税务部资格 北京大学法学院学士，美国注册管理会计师，美国注册管理会计师协会董事会全球董事经验邸占广先生自1998年开始从事中国税务服务。他在对外商投资企业及中国国内企业有关投资建议、外汇管理、海关法规、公司设立、税收筹划以及设计最优税务架构方面拥有丰富的经验。同时，邸占广先生在税务合规性审阅以及税务尽职调查方面经验丰富。邸占广先生曾在中国大型国有企业境外投资项目中提供法规及税务咨询服务，设计境外投资公司架构并协助进行境外尽职调查。这些境外投资项目涉及的国家或地区包括美国、西欧、非洲、东南亚及乌兹别克斯坦。邸占广邸占广先生曾在中国大型国有企业/民营企业境内外上市过程中提供与上市审计相关的税务审阅服务，在代表中外资企业与有关政府机关就某些问题进行商谈方面具有丰富经验。联络方式：邸占广先生曾在2009年和2010年两年间担任毕马威美国公司设立于纽约的中国中心主管，负责北美公司在中国投资架构、税收筹划以及与投资相关的税务及法规问题的咨询工作。在此之前，邸毕马威企业咨询（中国）有限占广先生曾在加拿大温哥华和多伦多工作三个月，参与加拿大公司向中国投资方面的法规及税务公司咨询工作。中国北京东长安街1号邸占广先生经常被北美以及中国的专业组织，银行或大学邀请就中国税务及投资法规问题发表演东方广场东2座办公楼8层讲。邮政编码：100738语言 中文及英语电话：+86 (10) 8508 5000直线：+86 (10) 8508 7512传真：+86 (10) 8518 5111邮件：@' 2011 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and a member firm of the KPMG network of independent 43member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved. Printed in China.
