TCF China | Tax Consultants in China | Tax Services

Taxation Services

With a good understanding of the China tax laws, we can make sure that the transnational risks of our clients are identified and reduced. We also make sure that all their operations are in compliance with International and Local Tax Regulations. We also provide the following services in regards to cross-border transactions:

• Withholding tax
• Value-added tax
• Transfer pricing
• Advanced Pricing Arrangement (APA)
• Double Taxation Agreements

We also specialize in providing assistance on tax compliance issues, such as:

• Corporate tax returns
• Monthly VAT (value added tax) and withholding tax returns
• Personal income tax for expatriates
• Special business tax
• Stamp duty

To add to these, we also provide our clients with the preparation of tax registration and application procedures and claims. We can also assist our clients with domestic tax matters and legislation such as drafting objections, appeals, and request for tax rulings.

Indirect Taxes

Any business investing, or setting up shop in China is subjected to indirect taxes. These taxes differ from country to country, hence giving China its own set of laws. This creates new Regulatory Challenges for businesses. We provide the following services to manage Indirect Taxes:

• Information on rules, rates, and jurisprudence
• Indirect tax strategies that manage the impact of these taxes on the company’s financials, risk portfolio, and organization.
• Setting up, automating and digitizing indirect tax compliance processes.
• Support with indirect tax inspections and litigation.
• Monitoring of policy developments.

Transfer Pricing

Transfer pricing refers to inter-company pricing arrangements, with regards to transactions between related business entities. These can include transfers of intellectual property, tangible goods, services, and loans or other financial transactions. The use of transfer pricing tax strategies has recently attracted a high level of international attention, due to the rapid rise of multinational trade, and the opening of several significant developing economies. As a result, transfer pricing has had an increased impact on corporate income taxation. As multinational corporations evolve into true global enterprises, compliance with the differing requirements of multiple overlapping tax jurisdictions has become a complicated and potentially expensive task to perform. In response to these factors, tax authorities around the world have become more aggressive in the transfer pricing arena, introducing stricter penalties, new documentation requirements, increased information exchange, improved audit staff training and increased audit and inspection activity and specialization. This intense scrutiny implies significant risks for the unprepared companies, particularly in a complex field such as transfer pricing where each transaction must be analyzed under its own unique facts and circumstances.