The focus of this year’s conference is on Pillar One and Pillar Two. Our event differentiates itself from similar events by addressing these topics from a Chinese perspective.

The turmoil around the world has not impaired the cooperation of countries to revamp the international tax system. The global collaboration on international taxation continues. More than ever, countries are determined to work together to deal with tax challenges arising from digitalization of the economy by reaching agreements on Pillar One and Pillar Two, despite the many difficulties, technical or otherwise. As a leading international taxation centre, we have monitored the developments, gathered and disseminated the information, and facilitated discussions on the two-pillar project.

As the second-largest economy in the world, China is indispensable in achieving the objectives and the implementation of the two-pillar project. Currently, we know that China supports the project, as scholars and tax officials are studying and debating the proposals and developments. We hope that this year’s conference will shed more light on the position, impact and potential issues in respect of China.

Moreover, tax challenges arising from digitalization also involve VAT. Since Chinese VAT has special features and is extremely important in doing business with China, we have invited an expert to provide some practical information in this regard.