Summary of “The First High-level Forum on the Professional Innovation and Development of Chinese Tax Lawyers (2024)”
On the afternoon of August 18, 2024, " The First High-level Forum on the Professional Innovation and Development of Chinese Tax Lawyers (2024)" hosted by Hwuason Law Firm, undertaken by Huashui Academy, and provided academic support by the Center for Finance and Taxation Law of China University of Political Science and Law was held in Beijing Chunhuiyuan International Conference Center. With the theme of "Professional Development and Innovation of Tax Lawyers", the forum adopted a combination of online and offline methods, with more than 200 students participating in the forum on site, and more than 6,000 lawyers, tax advisors, corporate finance and taxation personnel, tax cadres, and tax law graduate students from all over the world watched the live broadcast of the forum online.
Overview of "The 9th China Tax Lawyers, Tax Agents and Tax Law Graduate Students Summer Academy(2024)" hosted by Huashui
August 14-18, 2024, “The 9th China Tax Lawyers, Tax Agents and Tax Law Graduate Students Summer Academy(2024)” cum “The Special Training Course on Judicial Interpretations Related to Tax by the Supreme Court and Procuratorate” were held in Beijing. The event was organized by Hwuason Law Firm, implemented by Huashui Academy, and received academic support from the Center for Fiscal and Tax Law Research at the China University of Political Science and Law. After opening registration nationwide, the summer academy received enthusiastic responses from various provincial bar associations, tax associations, law firms, tax advisory firms, lawyers, tax advisors, university law faculties, tax law graduate students, corporate tax managers, and tax officials. By the application deadline of July 31, the organizing committee received applications from over 400 individuals across nearly 30 provinces and cities. A review panel was established, and based on principles of fair competition, merit selection, comprehensive balance, and diversity of participants, 196 students were ultimately admitted.
Hwuason won the 2024 China Tax Law Firm Award by China Business Law Journal (CBLJ)
Hwuason Law Firm has been awarded the 2024 China Tax Law Firm Award. Since 2015, Hwuason Law Firm has been awarded the Excellent China Tax Law Firm Award by China Business Law Journal for ten consecutive years for its outstanding performance and market reputation in the domestic tax law service market.On 24 July 2024, China Business Law Journal, a well-known legal media in Asia, announced the 2024 China Business Law Journal Law Firm Awards, selecting the outstanding Chinese and foreign law firms in the Chinese legal market in 2023-2024.
Hwuason Law Firm Attorney Zhang Qian Invited to Give a Lecture on "Reverse Invoicing" for Waste Lead Battery Recycling and Utilization Enterprises
Under the new situation of tax administration, how to correctly understand and apply the "reverse invoicing" policy, how to combine the "reverse invoicing" policy, supporting the existing provisions of the simplified tax calculation to achieve a balance between tax compliance and economic interests has become the focus of the majority of enterprises in the resources recycling industry. On July 10, 2024 Lead Resource Recycling Industry Summit hosted by Shandong Zhuochuang Information Co., Ltd. was held in Changchun, Jilin Province, and Hwuason Law Firm partner Zhang Qian was invited to attend the event and give a lecture titled "Reverse Invoicing" Policy, How to Correctly Understand and Apply to Renewable Resource Enterprises", which explains the tax compliance in the business of recycling and utilization of waste lead storage batteries. and utilization of waste lead storage battery recycling and tax compliance issues in the business.
Hwuason Law Firm Zhang Qian Invited to Give a Lecture on "Reverse Invoicing" to Enterprises in the Resources Recycling Industry
Under the new situation of tax administration, how to correctly understand and apply the "reverse invoicing" policy, how to combine the "reverse invoicing" policy, supporting the existing provisions of the simplified tax calculation to achieve a balance between tax compliance and economic benefits has become the focus of the majority of enterprises in the resources recycling industry. On June 19-20, the 9th China Renewable Resources Industry Development Conference organized by Shandong Zhuochuang Information Company Limited was held in Qingdao, Shandong Province. How to correctly understand and apply the policy of "reverse invoicing" for renewable resources enterprises", explaining the difficult tax compliance issues of renewable resources enterprises.
Hwuason Law Firm Lawyer Liu Tianyong and Jiang Zhenghe expressed their opinions on the tax risks of transportation enterprises and published them in China Tax News
In recent years, with the continuous promotion of the comprehensive deepening of transportation reform and the emergence of new logistics and transportation modes such as network freight transportation, the work of cost reduction and efficiency increase of transportation and logistics has achieved positive results. However, the small scale of logistics and transportation industry, large quantity, mismatch between supply and demand of vehicles and goods, insufficient industry concentration have not been fundamentally solved, and logistics and transportation enterprises are still faced with pain points such as high transportation costs and weak profitability. Due to the weak awareness of compliance, some network freight platforms and transportation enterprises have implemented issuing false invoices, tax evasion and other tax-related illegal and criminal behaviors in order to capture profits and reduce operating costs. Tax risks are increasingly prominent, and the construction of tax compliance is urgent. Recently,
Hwuason Law Firm Lawyers Liu Tianyong and Zhang Qian Interviewed by ZHONGGUO SHUIWU BAO on Tax-Related Risks and Compliance Advice for Non-ferrous Metals Industry
Non-ferrous metals are important basic raw materials for electronics, aviation, automobiles, construction and other fields, and play an important role in economic construction, national defense construction and social development. In the field of taxation, in recent years, the non-ferrous metal industry tax-related cases occur frequently, non-ferrous metal purchase and sale, transportation and other aspects of the tax risk is more and more prominent. In March this year, the Supreme People's Court and the Supreme People's Procuratorate also mentioned at the press conference on judicial interpretation and typical cases of tax-related crimes that the precious metal industry is a high incidence area of fraudulent tax crimes. Under the supervisory situation of eight departments of the country jointly combating tax-related crimes, the tax compliance management of non-ferrous metal enterprises should not be delayed. Recently, Hwuason Law Firm Liu Tianyong and Zhang Qian were interviewed by China Taxation News on the common tax-related risks and compliance management of non-ferrous metal industry, and analyzed the "false VAT invoices", "supplier sales without invoices" and "invoiced sales" in the non-ferrous metal industry. It analyzes the causes of three common tax-related risks in the non-ferrous metal industry, namely, "false VAT invoicing", "sales by suppliers without invoices" and "invoicing party escaping and losing contact", and puts forward suggestions for prevention and response. The full text is as follows:
Liu Tianyong and Ge Hailin from Huashui Group were elected as members of the specialized committees of the 7th China Certified Tax Agents Association.
Recently, the China Certified Tax Agents Association (hereinafter referred to as "CCTAA") issued the "Notice on Adjusting the Organizational Structure and Personnel Composition of the Specialized Committees" (CCTAA Secretarial Issuance [2024] No. 24). After deliberation by the second office meeting of the seventh council of CCTAA, it was decided to adjust the organizational structure and personnel composition of the specialized committees of CCTAA, consolidating the current eight specialized committees into six, including: Business Development Committee, Governance and Regulatory Committee, Education and Training Committee, Cultural Promotion Committee, Digital Construction Committee, and International Development Committee. A total of 88 individuals were elected as members of the new committee.
Hwuason Law Firm Lawyers Liu Tianyong and Zhang Qian Interviewed by ZHONGGUO SHUIWU BAO on Tax-Related Risks and Compliance Advice for Resources Recycling Industry
Recycling of renewable resources is a key link in the comprehensive utilization of resources, which is of great significance in promoting the development of circular economy and realizing green, low-carbon and high-quality development. For a long time, the lack of "source invoices" has been restricting the development of the resources recycling industry. In order to make up for the shortfall of input items and obtain compliant pre-tax deduction vouchers for enterprise income tax, some of the recycling enterprises have obtained VAT invoices by changing their business model, seeking third-party issuance or even purchasing them, which has led to frequent tax-related risks. In recent years, in order to promote the sustainable development of resources recycling industry, the Ministry of Finance and the State Administration of Taxation (SAT) have issued a series of policies, and the much-anticipated "reverse invoicing" policy has also been put into practice, which requires renewable resources enterprises to pay attention to the tax-related risks in adjusting their business model. Hwuason Law Firm has issued compliance reports on tax-related issues in the resources recycling industry for many consecutive years, and continues to pay attention to the latest tax regulatory situation and corporate compliance management in the recycling industry. Recently, Hwuason Law Firm attorneys Liu Tianyong and Zhang Qian were interviewed by China Tax News on the common tax-related risks in resources recycling industry and the compliance suggestions of enterprises.
Mr. Liu Tianyong and Mr. Jiang Zhenghe of Hwuason Law Firm expressed their opinions on the tax-related risks of pharmaceutical enterprises and published in China Tax Newspaper
For a long time, the pharmaceutical industry has had problems such as long drug research and development cycles, excessive research and development costs and sales expenses, and high pressure on and slow recovery of enterprise funds, and some pharmaceutical enterprises have been able to extract funds by means of false invoices in order to obtain profits. In addition, on July 10, 2023, the National Health Commission, together with several ministries and commissions, deployed a one-year centralized rectification of corruption in the national pharmaceutical field, which set off a storm of anti-corruption in the pharmaceutical industry and led to a number of cases of false invoicing and tax evasion. The pharmaceutical industry has been a key area of concern for HuaShui for a long time, and HuaShui has issued tax compliance reports on the pharmaceutical industry for many years in a row. Recently, Mr. Liu Tianyong and Mr. Jiang Zhenghe of Hwuason Law Firm commented on the common tax-related risks in the pharmaceutical industry and made suggestions on corporate compliance. The relevant content was published in China Tax Newspaper. The full text is as follows:
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Copyright@2019 Aequity.ALL rights reserved京CP备17073992号-1