From November 9 to 10, Liu Tianyong, Director of Beijing Hwuason Law Firm, and Zhang Qian, Partner of Hwuason Law Firm, were invited to participate in the 2024 Euromoney Strategic Development and Management Seminar. During the seminar, Mr. Liu Tianyong gave a lecture on “Tax Risks in Renewable Resources Industry and Suggestions for Prevention (2024)”. With the perspective of tax policy evolution of renewable resources industry, Liu Tianyong sorted out the changes of resource recycling business model in recent years, and analyzed the common tax risks in recycling link with practical cases, and put forward the suggestions of tax risk identification and prevention and control.

With the advancement of VAT reform and national macro-control of the renewable resources industry, the tax policy in the field of renewable resources has been evolving, and the business model of the recycling industry has been changing accordingly. Correctly understanding and grasping the evolution of the tax-related policies in the renewable resources industry is of great significance for reasonably setting up the business chain and seeking a balance between tax compliance and economic interests. Based on this, Liu Tianyong combed through the relevant tax policies in the field of renewable resources over the years, and correspondingly introduced the evolution of the recycling business model in practice, to clarify the policy background and tax dilemmas of the industry for the participants. At the same time, Mr. Liu further analyzed the tax regulatory situation and tax compliance challenges in the renewable resources industry in light of the latest regulatory practices.

Considering the aforementioned contents, Liu Tianyong analyzes the tax-related administrative and criminal risks in the resource recycling link from the aspects of business mode setting and business operation nodes, and analyzes the new challenges faced by the renewable resources enterprises in light of the two high tax-related judicial interpretations and the Fair Competition Review Regulations issued this year. On this basis, Liu Tianyong put forward a lot of tax risk identification and prevention and control suggestions from the aspects of business development, daily tax risk prevention and control, and administrative and criminal risk prevention.

Many molecular companies participated in this seminar and had warm exchanges and discussions with Hwuason lawyers on the above tax risks, prevention and control issues.