Asia’s average annual retail sales volume growth, led by China, is forecasted to exceed 4.6% in the next five years. Already a leader in e-commerce, China is expected to overcome as the world’s largest retail market by 2018. Despite an economic slowdown, luxury and fashion retailers still consider Asia and particularly China their most important region for business growth and development. Yet regulatory practices in the tax, customs and trade space still remain challenging and less transparent compared to western countries.
What does it take to stay compliant with various regulatory requirements and realize cost saving opportunities? Non-compliance can result in additional assessments of customs duty, consumption tax, import VAT, financial penalties and other sanctions. Retailers can also take proactive action to exploit cost saving opportunities so as to truly benefit from all the upsides that China and the Asia Pacific region has to offer.
The United States Fashion Industry Association (USFIA) and PwC are delighted to invite you to our Customs and Trade roundtable for the fashion retail sector to discuss the above hot topics.
Agenda
- Opening remarks from the USFIA and PwC
- Fashion and retail market outlook in China and the Asia Pacific
- E-commerce developments and its impact on brick and mortar
- Customs and tax considerations for multi channel retail integration, and overall compliance management
- Free Trade Agreements – TPP, latest updates, and practical considerations
- China localisation of Base Erosion and Profit Shifting ("BEPS") action plan – compliance and TP adjustment
- Update on the China Trade facilitation policies
- Other updates and case studies
Details
The event will take place on Wednesday, March 16, 2016 from 2:00 PM to 5:00 PM at PwC, Mountain Lu Room, 6/F DBS Tower, 1318 LuJiaZui Ring Road, Pudong, New Area, Shanghai. The event will be followed by a cocktail reception. The event will take place in English.
Who Should Attend?
Anyone with the responsibility for managing customs and international trade operations – this may include heads of finance, tax, supply-chain, customs compliance, logistics, operation and import/ export managers.
Consultations
One-on-one client consultation can also take place on a first-come first-served basis.
Registration
For more information or to register, download the registration form.