Epidemic prevention and response to COVID-19 in the automobile industry series Issue 1 - China tax, legal and customs issues

March 2020

The Coronavirus outbreak in China has forced players in the automotive industry to revisit their medium-to-long term plan, which could mean accelerating the transformation of the industry. This article elaborated multi-angle from the industry related tax, legal and customs issues.

Section I: Managing contractual obligations

Section II: Temporary change of production and adjustment of supply chain

Section III: A balanced approach in dealing with profit decline

  • How General Distributors react to profit decline
  • How parts suppliers react to profit decline
  • Making compensation payments or receiving incentive payments

Section IV: Compliance amid innovations

 

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Alan Yam

China Central Tax Leader

Tel: +[86] (21) 2323 2518

Rex Chan

Partner

Tel: +[86] (10) 6533 2022

Yidel Wu

Partner

Tel: +[86] (10) 6533 3182

Jun Jin

China Consulting, M&A Consulting Leader

Tel: +[86] (10) 6533 2977

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