Mainland China Tax

Mainland China adopts a sophisticated tax system, which is now composed of 18 kinds of taxes, including turnover taxes, income taxes, property & behaviour taxes, resources taxes and special purpose taxes. Different tax rates, preferential tax treatments or double taxation reliefs may be applied when certain conditions are met. In general, there is a basic law giving the broad principles of the tax. Detailed implementing regulations and specific rules have been issued by the State Administration of Taxation or other government authorities, which are subject to subsequent updates/revisions from time to time.

We provide professional assistance to individual and corporate clients to review their tax position, manage tax risks and handle tax compliance, especially for those who are engaged by a Chinese company or who are on secondment to Mainland China, or carry out business in multiple countries/tax jurisdictions. For example, we help to review and to provide comments on legal contracts from a Chinese tax point of view, identify tax residency and ascertain tax exposure for clients, restructure group organisations to achieve tax efficiency, and handle tax investigations from Chinese tax authorities.

Our sister company Triple Eight Limited can assist with business consultancy and setting up of Wholly Foreign Owned Enterprises (WOFE) and performing company/limited registration in China.

• Setting up of wholly foreign owned enterprises (WOFE), joint venture (JV) and representative offices (performing company/limited registration in China) in Mainland China.
• Advising on the structure and types of company in Mainland China
• Providing consultation on doing business in Mainland China