We have abundant tax technical and practical experience in the above areas and have assisted many companies to deal with their in-charge tax authorities' investigation or challenge. In most cases, the final results are acceptable to our clients. Typically, we adopt the work approach in which firstly we fully understand the background of the company and the concerned transaction. Then we make professional assessment based on the relevant tax regulations and our experience, and advise our client accordingly. Thereafter, we assist or represent our client to discuss or apply with the tax authorities, follow up on a timely basis until obtaining the acceptable results. During such process, we will review our client's documents that will be provided to the tax authorities or help our client to prepare application letters/explanation documents. In addition, we will advise our clients to assign single point of contact and qualified personnel to deal with the possible questions or on-site investigations of the tax authorities.
Besides our tax technical competence, we keep good working relationship with tax authorities in Shanghai, Jiangsu, Zhejiang, Sichuan, Beijing and some other provinces/cities. This will definitely be helpful to obtain smooth communication channels and understand the tax authorities’ focused areas and rationale.
Normally, a company will seek professional assistance from external sources after its tax bureau raise its challenge or tax investigation request. If the company can conduct proper planning for its relevant transactions, monitor its tax compliance status and potential tax risks in advance, that will clearly make the company in a more advantageous position. For such purposes, the company may consider conduct internal tax health check on a periodic basis. Some of our clients adopt such approach, which proves to be quite effective.
Application for special tax issues
Various types of companies may need to apply or confirm with their in-charge tax authorities for different matters, which may include but not limit to the followings:
- Whether a company can enjoy certain tax preferences, e.g. High-and-New Technology Enterprise, offshore service outsourcing, tax refund, etc.
- Whether and when certain cost/expense or asset loss can be deducted for CIT purpose
- Whether a company can apply for reducing or waiving the tax late payment interest charge or penalties
- Whether a company can apply for deferring the tax payment or pay the tax by instalments
- Whether a company can confirm the tax treatment on a specific issue with its in-charge tax bureau, if there is no clear tax regulation on this issue
- Whether a company can confirm with its in-charge tax bureau whether its income should be subject to VAT or BT
- Whether a company can apply for its VAT general tax payer status and confirm the length of the corresponding supervision period
- Whether a company can apply for increasing the maximum amount on a single invoice that it will issue to customers
- Whether a company can apply with its in-charge tax bureau to issue invoice on its behalf to customers
To provide our services regarding the above special tax application matters, we adopt the similar approach as item 3 above (tax audit defence and dispute resolution). In other words, we will utilize our tax technical competence, as well as our good working relationship with the relevant tax authorities, to achieve preferred results for our clients. We have many successful cases in this area.
Tax retainer
The finance and tax personnel of many companies may encounter various types of tax, foreign exchange and other regulatory questions during their daily work, and would like to seek guidance or advice from professional tax consultants. In this regard, we can provide our tax retainer services in the following manners:
- Timely updates of latest tax, foreign exchange and other business regulations to our clients and provision of our brief analysis on the possible impact of such new regulations on our clients
- Answering tax and other related questions raised by our clients during their daily work process, in the forms of telephone conversation, email, brief meeting, etc.
- Periodical meeting (e.g. on a monthly basis) with the finance and tax team of our clients to discuss the relevant tax issues and prepare our meeting memo
Our such tax retainer services usually do not cover special projects that require for significant time costs, e.g. application with tax authorities, preparation of detailed tax advisory reports, tax due diligence on target companies, etc. If there are such needs, we will discuss with our clients to define our relevant work scope/duties, and the appropriate fee arrangement.
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