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Portrait of Gilbert Shen

Gilbert Shen, CPA

Counsel
Head of Tax, CMS China

CMS China
Shanghai Representative Office
3108 Plaza 66 Tower 2
1266 Nanjing Road West
Shanghai 200040
China
Languages Chinese, English

Gilbert has been practicing PRC tax law and PRC-related international taxation law since 2006. He is particularly experienced in tax matters concerning the establishment of efficient holding structures, company mergers and restructurings, profit repatriation schemes, investment exit strategies, cross-border transactions and tax due diligences. Gilbert started his career with the tax department of a Big 4 accounting firm. 

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Relevant experience

  • A German equipment manufacturer on various PRC tax issues including tax planning, permanent establishment and BT and IIT issues. 
  • A major European industrial group and its Chinese subsidiaries on various PRC tax issues of the German group company and its Chinese subsidiaries.
  • A leading German automotive supplier on various PRC tax issues such as payments of inter-company charges to Germany and group restructuring in China.
  • A leading European automotive company on various tax issues including enterprise restructuring, CIT, BT, VAT, IIT issues. 
  • One of the world’s largest private equity funds on its USD 600 million investment in one of the top 2 largest taxi APP in China. 
  • One of the largest real estate developers in Asia on a series of business operations and tax matters in relation to PRC VAT reform. 
  • One of the world’s largest hotel management groups on a series of business operations and tax matters in relation to PRC VAT reform. 
  • A leading US fund on the sale of its portfolio to one of the world’s largest chemical groups, including the USD 45 million indirect sale of the investment in China. 
  • A leading US fund on the acquisition of a potential investment in chemical industry up to USD 24 million. 
  • A leading US equipment manufacturer on the extraction plan of a USD 5 million annual cross-border profit from corporate tax and transfer pricing perspectives. 
  • An Asian PE fund on the acquisition of a famous roast food producer including the implementation of USD 35 million buyout deal.
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Memberships & Roles

  • CICPA member
  • CFA charter holder
  • Certified Tax Agent of China
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Education

  • Bachelor Degree in Economics, Shanghai Institute of Foreign Trade
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Expertise

07/04/2016
PRC VAT Re­form Will Be Ex­pan­ded to Cov­er All In­dus­tries
On 23 March 2016, the PRC Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”) jointly is­sued the No­tice of Over­all Pi­lot Ex­e­cu­tion of Trans­form­ing Busi­ness Tax in­to Value-ad­ded...
29/04/2016
Chinese Tax Reg­u­la­tion Up­date - April 2016
Please read our ana­lys­is on the latest de­vel­op­ment in China Tax Reg­u­la­tion. The main areas are:SAT An­nounce­ment [2016] No. 14SAT An­nounce­ment [2016] No. 15SAT An­nounce­ment [2016] No. 16SAT An­nounce­ment...
26/05/2016
Chinese Tax Reg­u­la­tion Up­date - May 2016
Please read our ana­lys­is on the latest de­vel­op­ment in China Tax Reg­u­la­tion. The main areas are:SAT An­nounce­ment [2016] No. 23SAT An­nounce­ment [2016] No. 28SAT An­nounce­ment [2016] No. 29Please click the...

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02 April 2021
Chinese Tax Reg­u­la­tion Up­date - March 2021
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: An­nounce­ment [2021] No. 6 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)...
02 April 2021
Chinese Tax Reg­u­la­tion Up­date - March 2021
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes:An­nounce­ment [2021] No. 6 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)An­nounce­ment...
09 March 2021
Chinese Tax Reg­u­la­tion Up­date - Janu­ary & Feb­ru­ary 2021
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: Cai Guan Shui [2020] No. 54 Caishui [2021] No. 3 Please click here to read the full art­icle.
08 March 2021
Chinese Tax Reg­u­la­tion Up­date - Janu­ary & Feb­ru­ary 2021
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes:Cai Guan Shui [2020] No. 54Caishui [2021] No. 3Please click here to read the full art­icle.
06 January 2021
Chinese Tax Reg­u­la­tion Up­date - Decem­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: An­nounce­ment [2020] No. 43 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)...
1 January 2021
Chinese Tax Reg­u­la­tion Up­date - Decem­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes:An­nounce­ment [2020] No. 43 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”) SAT...
02 December 2020
Chinese Tax Reg­u­la­tion Up­date - Novem­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: An­nounce­ment [2020] No. 42 jointly re­leased by the Min­istry of Fin­ance (“MOF”), the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)...
1 December 2020
Chinese Tax Reg­u­la­tion Up­date - Novem­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes:An­nounce­ment [2020] No. 42 jointly re­leased by the Min­istry of Fin­ance (“MOF”), the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”) and...
30 November 2020
CMS, China Guide on Re­struc­tur­ing
COV­ID-19 has con­sid­er­able im­pact on com­pan­ies and busi­nesses world­wide, in­clud­ing for­eign-in­ves­ted en­ter­prises in the People’s Re­pub­lic of China. De­pend­ing on the in­dustry sec­tor, sales and rev­en­ues...
27 November 2020
CMS, China Guide on Re­struc­tur­ing
COV­ID-19 has con­sid­er­able im­pact on com­pan­ies and busi­nesses world­wide, in­clud­ing for­eign-in­ves­ted en­ter­prises in the People’s Re­pub­lic of China. De­pend­ing on the in­dustry sec­tor, sales and rev­en­ues...
13 November 2020
Chinese Tax Reg­u­la­tion Up­date - Oc­to­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes: An­nounce­ment [2020] No. 40 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)...
13 November 2020
Chinese Tax Reg­u­la­tion Up­date - Oc­to­ber 2020
The latest de­vel­op­ment in China Tax Reg­u­la­tion mainly in­cludes:An­nounce­ment [2020] No. 40 jointly re­leased by the Min­istry of Fin­ance (“MOF”) and the State Ad­min­is­tra­tion of Tax­a­tion (“SAT”)SAT...