The Standing Committee of the National People's Congress approved the amendment to the Company Law of the People's Republic of China on December 29, 2023, and the new Company Law will come into effect on July 1, 2024. This revision aims to improve the company's capital system, corporate governance structure, shareholder rights protection, and the responsibilities of directors and supervisors. Based on the current Company Law, 16 articles have been deleted and 228 articles have been added and modified. Among them, there are more than ten articles that directly or indirectly affect the tax treatment of taxpayers.

Since the promulgation of the new Company Law, the discussion on its impact on the tax treatment of taxpayers has attracted widespread attention and discussion in society. Therefore, at the request of our clients and colleagues, Gaopeng Book Club invited Jia Mengmeng, Senior Partner and Tax Lawyer of Gaopeng Law Firm, to attend the 134th session of Gaopeng Book Club. Through online and offline means, we will share the popular theme of "The Impact of the Revision of the Company Law on Taxpayers' Tax Treatment" with Gaopeng colleagues, Gaopeng clients, and legal colleagues.

Lawyer Jia Mengmeng

Lawyer Jia, combining tax law theory and years of practical experience in serving tax authorities and taxpayers, vividly and profoundly explores the impact of the horizontal legal personality negation system in the new Company Law on tax collection and management through his own handling of real cases; How to handle tax treatment for capital reduction and cancellation caused by the five-year paid in system; The impact of simplified deregistration procedures on shareholders' future corporate tax liabilities; The issue of confirming "reasonable transaction consideration" in tax declaration for equity repurchase and shareholding restoration; The impact of insufficient shareholder contributions on the pre tax deduction of corporate interest; Tax risk points where equity and debt contributions are prone to occur; The exercise of shareholder's right to know provides tax lawyers with new business space and provides comprehensive analysis for attendees from multiple perspectives.

After completing the sharing, Lawyer Jia provided answers to tax related legal issues for colleagues and clients attending the meeting on site. This book club activity received high praise from both online and offline participants.

A person with integrity and professionalism is full of high friends. Gaopeng Law Firm has always placed the cultivation and growth of lawyers in an important position, encouraging lawyers to continue learning through various means and improve their professional skills. By regularly holding various sharing sessions, Gaopeng Law Firm helps lawyers improve their professional skills, take a deep and professional path, and better serve customers and society.