© 2018 by Financeren P.R. of China

WFOE Tax Health Check

In view of the recent tightening on tax collection by the China 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?

A service focus 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 Boarder Zero Tax

  • Cross boarder Tax Exemption

  • Fapiao Compliance

  • Customs duty (AEO)

  • Stamp duty

  • Individual income tax for employees (IIT)

  • Land appreciation tax (where applicable)

 

WHAT WE DO FOR YOU?

TO ENSURE THAT THE CURRENT OPERATIONS OF THE CHINA ENTITY SUBSTANTIALLY COMPLY WITH THE RELEVANT CHINA TAX LAWS AND REGULATIONS 

TO HIGHLIGHT THE POTENCIAL CONSEQUENCES IN RELATION TO THE NON-COMPLIANCE PRACTICES FOR THE PERIOD UNDER REVIEW SO AS TO FACILITATE THE 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

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