Tax Health Check
In view of the recent tightening on tax collection by the Chinese tax authorities, the hefty penalties (a maximum 5 times the amount of outstanding taxes) and surcharges (about 18% per annum on the amount of outstanding taxes) that could be imposed for failure to pay taxes and the possibility of the
business license being cancelled for non-compliance with the business regulations, health checks are popular and important for risk management purposes.
Is your company complying with the China business, foreign exchange and relevant tax laws and regulations?
Services focusing on the main taxes in China
- Corporate income tax (CIT)
- Withholding tax
- Non trading payment related (Royalty , profit repatriation , franchising, payment on behalf)
- Value added tax (VAT，transaction tax)
- Tax Refund
- Cross Border Zero Tax
- Cross Border Tax Exemption
- Fapiao Compliance
- Customs duty (AEO)
- Stamp duty
- Individual income tax for employees (IIT)
- Land appreciation tax (where applicable)
What can we do for you?
To ensure the current operations of the China entity complies substantially with relevant China tax laws and regulations.
To highlight the potential consequences in relation to the non-compliance practices for the period under review so as to facilitate future corrective actions.
To provide high-level suggestions to rectify non-compliance issues.
To identify areas whereby the overall tax efficiency of the current operations of the China entity may be improved.