ECCT Tax Committee Lunch

New tax treatment on logistics operating models and Free Trade Zones in Taiwan 

Guest Speaker

Sung Hsiu Ling, Deputy Director General Taxation Administration, Ministry of Finance / 財政部賦稅署宋秀玲副署長

Wang Yu-ming, Section Chief, Department of Navigation and Aviation, Ministry of Transportation and Communication / 交通部航政司王玉明科長

Lynn Chen, Tax Partner, KPMG

Time: 11:30-13:50

Date: Wednesday, 26 September, 2018

Venue: 5F, PALAIS de CHINE HOTEL / 君品酒店5樓

Address: No. 3, Section 1, Chengde Road, Taipei  / 台北市大同區承德路一段 3 號

In order to create a tax-friendly environment for Taiwan to become a logistics centre in Asia and to attract more foreign companies using ports and airport infrastructure in Taiwan for logistics and relevant processing services, the Ministry of Finance issued a tax ruling in April 2018. This new tax ruling aims to simplify and to provide more rationale for determining Taiwan-sourced income of foreign companies which conduct importation, storage, processing and transporting goods manufactured by themselves or through purchases abroad which are then shipped to domestic and foreign customers. The new tax ruling is expected to provide more guidance on how to calculate tax costs and, to a certain extent, reduce the tax burden.

This event has been arranged to help companies to better understand how to apply the new rules. Among other topics our guest speakers will discuss the following in their presentations:

• Latest business model leveraging the Free Trade Zone (Wang Yu-Ming)
• Outlook on relevant tax treatment about logistics operating models of foreign enterprises (Sung Hsiu-ling)
• A brief introduction of FTZ mechanisms of neighbouring countries from a tax incentive perspective – Lynn Chen

About the speaker

Sung Hsiu-ling has over 20 years of working experience in the MOF. She was involved in Taiwan’s amendment of the Income Tax Act, the trust tax system and the planning as well as establishing of transfer pricing regulations.  She was appointed as chief negotiator and has conducted several major treaty negotiations on behalf of the MOF, Taiwan.

Wang Yu Ming is currently Chief of Section, Department of Navigation and Aviation. He has been working for the Ministry of Transportation and Communications for 12 years. He was previously responsible for foreign investment and the promotion of private participation in build-operate-transfer (BOT) projects. He also assisted in the process for Kaohsiung Port to join the London Metal Exchange (LME) and the business development of free ports, establishing multi-national cargo consolidation and new business models for cross-border e-commerce.

Lynn Chen has over 15 years of experience in providing tax advisory services to multinational corporations, including general tax, M&As and cross-border investments. She is also a frequent guest speaker at universities, various foreign trade organizations and taxation seminars organized by KPMG Taiwan.

Event Agenda

* The presentations will be done in Chinese, with high-level English interpretation.  The Q&A will be conducted in English.

Cost per member: NT$ 1,400; member's guest: NT$2,000