Indirect Transfer of Chinese Assets
Farrer & Co
Tue 24 Nov 17:00
On Tuesday, 24 November 2015 the IBSA Hong Kong Branch will meet at the offices of EY.
Our panel of experts will discuss the tax implications and issues around the indirect transfer of Chinese assets, sharing their own practical experiences.
Attendees will be introduced to Announcement 7, the latest Chinese indirect transfer regulation preceded by Circular 698, for understanding the tax implications and reporting requirement of the indirect transfer of Chinese assets (including equities). Representatives from EY will share their experiences of handling Announcement 7 filings with the Chinese tax bureaus.
The discussion will also focus on Hong Kong as a corporate treasury centre and provide an update on legislative proposal to attract enterprises to set up their corporate treasury centre in Hong Kong.
Event kindly hosted by:
Speakers
Tami Tsang
Partner, Transaction Tax, Ernst & Young
Tami Tsang is a Partner within the specialist Transaction Tax practice and is based in EY's Hong Kong office. Tami began her career at EY in 1997 specializing in PRC tax. Tami was seconded to the Shanghai office for two years in 2002, where she obtained extensive consultancy and compliance (and practical) experience in relation to PRC tax matters.
Tami led the tax diligence and structuring work for the proposed acquisition of multiple real estate investments and a cosmetics company.
Tami led the tax diligence and cross-border structuring work for the proposed acquisition of a baby goods manufacturer.
Tami also led the tax diligence in relation to the proposed acquisition of a mobile phone retailing group and a chain of pharmaceutical retailers.
Jane Hui
Partner, Transaction Tax, Ernst & Young
Jane has substantial experience in looking at the tax issues associated with transaction targets with PRC operations in various industries including but not limited to insurance, banking, advertising, real estate investments, pharmaceutical, mining, steel, chemical and infrastructure. She is therefore familiar with the transaction environment in the PRC and the issues associated with doing deals in China.
Jane has extensive experience in PRC tax. Her 4-year assignment in Beijing has broadened her practical experience. She has been a full-time transaction tax partner since 2005.
Besides being a transaction tax partner, Jane is also the leader of the China tax technical team.
Jane has led the transaction tax project for a multinational industrial group in respect of the acquisition of a listed company in Hong Kong that has extensive operations in China producing heavy industrial equipment.
Jane also led the transaction tax project for a multinational company in respect of acquiring the assets of a PRC manufacturer and also assisted in the post-deal integration from tax perspective.
David Chan
Partner, Transaction Tax, Ernst & Young
David Chan has been providing his clients (private equities and corporates) with assistance in deal structuring, tax due diligence, acquisition negotiations, and post-deal integrations since 1996.
Prior to joining EY in 2006, David was a Partner with another Big 4 firm in charge of the Southern China Tax Practice. David was appointed as the EY Head of Transaction Tax, Greater China in 2010.
David has been involved in tax work associated with structuring investments into a wide range of businesses tax issues and exposures taking into account identified and the specific tax.
David has extensive experiences in providing PRC tax and business advisory services to clients, including establishing joint-ventures and effective structure for businesses in China, obtaining special tax preferential treatments, transfer pricing audit / APA etc. and also involves heavily in transaction tax services.
David’s industry experience includes the retailing, pharmaceutical, telecommunication, Internet business, manufacturing, service industries etc.
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