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Overview



Hendersen's corporate tax practice is armed with tax professionals and ex-tax authority staff from China and throughout the region that can advise you on China and international corporate, indirect and personal taxes. Our advice directly focuses on your business operations and proactively identifies tax-related opportunities and challenges, through which Hendersen delivers tax compliance and planning that help you enhance overall compliance, improve treasury and cash flow and maximize tax preferences.

Our corporate tax services including:

Corporate Tax Compliance
   
Corporate Tax Advisory
   
Indirect Taxes Advisory
   
Tax Heath Check
   
Tax Audit Defense
   
Transfer Pricing Arrangement
Corporate Tax Compliance



Hendersen's tax professionals provide the risk-focused and solution-oriented approaches to help you to manage your corporate tax compliance, both in China, and internationally.

Any incompliance with tax obligations can result in substantial cash outflow and administrative burden due to the increased reporting requirements, the additional tax audits and severe penalties for non-compliance.

Our tax professionals can help you to enhance the overall tax compliance in China through direct participation in your daily tax compliance work. We help you to setup full set of tax operation following the framework of the relevant tax legislations, and deliver services to efficiently and appropriately with your tax routines, such as preparation of China tax returns, and assisting you in response and management of queries from tax authorities.

Corporate Tax Advisory Services



Hendersen can assist your business operations in China in managing the overall tax liabilities through helping ensure the business activities are undertaken in the most tax efficient way. Our professionals have extensive experience in advising multinational companies to formulate tax strategies in China. With the professional experience, Hendersen provides corporate tax planning and consultation to foreign investors at both the pre-investment and operational stage and assists them to obtain tax preferences where possible.

Our professionals advise on various China corporate taxes, including business tax, foreign enterprise and enterprise income taxes, value added tax and stamp duty, etc.. We can also advise on the tax implications of corporate restructuring, M&A, and conduct tax due diligence.

Indirect Tax



Hendersen provides indirect taxes (VAT, Business Tax, Consumption Tax and etc.) services that can help you ensure indirect tax compliance as well as identify opportunities for indirect taxes savings, which helps you strengthen the bottom-line profitability, improve indirect indirect tax-related treasury and thus increase the values to the shareholder.

Tax Health Check



Tax Health Check is an overall professional review on the tax positions of your China entities to understand whether they are complying with the relevant tax laws and regulations, which ensure the tax robustness and prevent tax risks on a proactive way.

During recent years, the China tax authorities are tightening the administrations on tax collections. Failure in reporting or payment of taxes properly can lead to penalties (maximum 5 times of the outstanding taxes) and surcharges (about 18% per annum on the outstanding taxes). In extreme case, the business of the entity will be cancelled and the management will be exposed to the public. Hence, tax health checks are very important and are popular among FIEs in China for risk management purposes.

The main benefits from a tax health check include:

To assess the overall compliance level of the China operations, identify non-compliance areas and grey areas and work out appropriate course of actions to minimize the tax exposures;
   
To assess the effectiveness and efficiency of the operating structure as well as tax and regulatory functions;
   
To provide practical programs to improve the operational effectiveness and efficiency of the above functions;
   
To identify possible planning measures that can derive net savings and streamline cash flows.

A tax health check review would normally focus on the following types of China corporate taxes:

  • Foreign enterprise income tax
  • Withholding tax
  • Business tax
  • Value added tax
  • Consumption tax
  • Urban real estate tax
  • Deed tax
  • Stamp duty
  • This list basically covers the taxes that FIEs would be subject to. Depending on the needs of the entity concerned, this list could be further changed.

    Transfer Pricing Services



    Whilst transfer pricing has long been an acceptable taxation strategy all over the globe, the current China government is tightening the tax loop-holes at a rapid pace, and catching many companies in breach of the laws with the transfer pricing regulations rapidly developing in China. Moreover, the Chinese authorities even target transfer pricing adjustments as a major tax revenue earner in the years to come. FIEs in China are required to report annually their transactions between related parties and have been frequently questioned whether arm's length prices have been adopted. Under China's transfer pricing rules, it is easy for two companies to be considered "related parties", while in many other countries the same parties may not be considered associated. Therefore, it is very important for FIEs to assess their transfer pricing risks as well as prepare appropriate documentations for the transfer pricing policies for China operations in professional measures.

    Hendersen assists you on the planning and structuring of transfer pricing policies in China. With our professional experience, we are able to minimize your tax exposures and enhance your risk management on related party transactions through a combination of our following services:

    Transfer Pricing Risk and Opportunity Assessment Review
       
    Functional Analysis and Benchmarking
       
    Advance Pricing Agreement with Tax Authorities
       
    China Profit Alignment Stud
       
    Defense Documentation Preparation
     
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