EY Tax seminar
SAT Notice [2012] 30 - Supplementary Interpretations and Implementation Rules on Beneficial Ownership

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By invitation only

On 29 June 2012, the China State Administration of Taxation (SAT) released Notice [2012] No. 30 (Notice 30) to provide further clarifications on the implementation of Guoshuihan [2009] No. 601 (Circular 601). Circular 601 set out basic parameters in determining beneficial ownership (BO) status for the purpose of claiming double tax agreement (DTA) benefits by tax residents of the participating Contracting State in respect of various passive income (i.e. dividends, interest and royalties) derived in China, with a primary objective to tackle abuse or misuse of DTAs.

Notice 30 provides clarifications on criteria for assessing BO status and the treatment of agent or designated payment recipients.  It also introduces the same country exception and certain administrative procedures regarding the implementation of Circular 601.  This is certainly a long-awaited notice and clarifications are generally welcomed, but are they good or bad news to taxpayers?  Join us and find out more about this notice and how companies can take advantage of it to improve tax risk management.  This seminar will also discuss how the notice is compared to the OECD discussion draft and international tax cases on BO.

This seminar will be held at our office on 16 August 2012, at 22/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong.

Seminar topics
Our experienced tax professionals will share with you our insights on the topics:

  • What is Notice 30 about and its implication
  • Comparison with international standard and tax cases
  • How companies can take advantage of it to improve tax risk management

Seminar details

Date:Thursday, 16 August 2012
Time:8:45 a.m. – 11:30 a.m.
Venue:EY, 22/F CITIC Tower
Address:1 Tim Mei Avenue, Central, Hong Kong

Seminar rundown

8:45 – 9:15 a.m.Registration
9:15 – 9:20 a.m.Welcome speech
9:20 – 10:00 a.m.Discussion of Notice 30
10:00 – 10:30 a.m.Break
10:30 – 11:10 a.m.Continue
11:10 – 11:30 a.m.Questions and answers

Who should attend?

  • CEOs, CFOs and senior management of companies
  • Tax directors and managers
  • Executives and professionals responsible for tax compliance and planning

There will be no fee charge for this event. Please note that registrations will be processed on a first-come-first-served basis. Participants will receive a written confirmation upon acceptance for the seminar. You will be notified if the maximum enrolment is reached.