Deloitte China Tax Conference 2023
Guangzhou Railway Station. Expand the overall situation and advance the future together
On December 21, 2023, Carrie Zhang, Head of Tax Department of Taiyi Holding Group, was invited to participate in the event hosted by Deloitte Touche TohmatsuExpand the overall situation and advance the future togetherThe China Tax Conference with the theme of the latest tax policies, tax collection and management trends, tax digital AI applications, enterprise overseas chain reconstruction, Hong Kong FSIE, international tax, carbon tax, two-pillar rules and other hot topics will be discussed with financial and tax elites from various industries.
Tax Department of Taiyi Holding Group.
The person in charge, Zhang Jiali.
The meeting pointed out that in recent years, "change" and "uncertainty", "complexity" and "ambiguity" have become the main theme of this era in the complex international situation, which means that the era we live in is the VUCA era.
Nevertheless, we must clearly grasp the opportunities in 2024, whether it is foreign investment or Chinese enterprises going overseas, we see not decoupling but opportunities.
In the face of common challenges, the "two-pillar" plan, commissioned by the Group of Twenty (G20) and designed by the Organisation for Economic Co-operation and Development (OECD), has gradually gained consensus among countries.
On 12 July 2023, the OECD published an Outcome Statement on the Two-Pillar Solution to the Tax Challenges of Digitalization of the Economy (the "Statement"), which provides an update on the implementation and timeline of the two-pillar approach.
The statement has been signed by 138 of the 143 Member States of the BEPS Inclusive Framework (IF). We see that the second of the two pillars is the most important thing at the moment.
On January 1, 2024, many countries such as the United Kingdom, Europe, and the Asia-Pacific region will clearly implement it, and China and the United States have not yet expressed their position. Because of the time constraints, we need to be prepared. Considering the multiple impacts of chain remodeling, export control, carbon tariffs, etc., we must integrate resources in multiple dimensions to provide customers with more complete solutions.
Deloitte International** and Director of Customs Services, Kenneth Lam.
Although enterprises have been talking about reducing costs and increasing efficiency in recent years, in terms of current domestic and international trends, compliance should be placed at the core and important.
We have also noticed the current development of AI and large models, but the ultimate change should be to return to people, and in the future, there will be more need for compound talents. The goals proposed by the state have changed from high-speed growth to high-quality development, and the same is true for enterprises. Just as the Middle East has sold out of oil, it is also actively transforming into finance, tourism, and high-tech.
After the meeting, Ms. Carrie Cheung, Director of Tax Department of Taiyi Holdings Group, and Deloitte Touche Tohmatsu** and Director of Customs Services, Mr. Lam Kin-to, discussed the current challenges and future trends, and had an in-depth exchange on the current status of CRS implementation in China, the compliance of the fourth phase of the Golden Tax, the tax incentives of Hong Kong family offices, and the tax-related issues of cross-border structures.
Through the professional content of this conference**, Taiyi Group will better bring more high-quality and timely tax information to customers, and provide more complete tax value-added services in multiple dimensions and in an all-round way.
Written by: Carrie Zhang.
Integration: alin
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Editor | leyla