Tax Advisory & Compliance

Dezan Shira & Associates is pleased to offer fixed fee accounting and statutory reporting support.  We recognize that for many companies the administrative burden of compliance with overseas tax regulations is far greater than the financial burden of the taxes themselves.  Once registered, all companies, whether or not they are operational or profit centers must file tax declarations in a timely manner.  Such requirements differ from country to country, we can assist and coordinate all overseas tax compliance and reporting in maintained in China, Hong Kong, India and Vietnam. Furthermore, all companies will have to pay taxes if they employ people or if they have assets. This needs to be taken into account even if the company is not receiving any income.  For small companies the amount of work required to maintain good tax standing is particularly burdensome.

In addition to reducing the administrative burden of compliance with local tax regulations, use of our tax and accounting maintenance service will reduce a company’s exposure to tax related risks.  The Chinese, Indian and Vietnamese tax legislation imposes heavy fines for late payments and many foreign companies lack the ability to monitor compliance with tax regulations in a timely manner.  Often tax issues are only detected by external consultants or by the tax authorities themselves long after declarations were filed and taxes were paid.  Late detection of a tax issue is always unnerving and it can leave a company open to liability.  Enrollment in our tax and accounting maintenance service reduces the company’s exposure to tax related risks because our accountants and auditors will be in a position to detect issues before tax declarations are filed and before taxes are paid.  We will therefore often be able to take proactive steps to resolve tax issues before they become problems.

According to the pertinent tax reporting laws in each of the countries we operate in, taxes may be due monthly, quarterly or annually. Some special tax considerations may also need to be taken into account at the pre-incorporation stage, such as customs duties, VAT scheduling, and so on, where advance deposits may need to be lodged with the authorities. We identify these at pre-incorporation level and ensure our clients are aware of all financial liabilities a new business has to absorb as part of its investment.

Fees for this service can be included as part of an incorporation package or agreed as pertinent on a monthly, quarterly or annual basis depending upon the relevant local legislation and business requirements.

We can assist with:

• Pre-Entry Tax Advisory
• Cross Border Structuring of Holding Companies
• International and Domestic Tax Planning
• Transfer Pricing
• Advice on Chinese Tax Law
• Annual Tax Reconciliation
• Individual Income Tax Evaluation
• Monthly and Quarterly Tax Filing and Compliance
• Regional Tax Comparisons
• Welfare and Financial Obligations

For more information about tax and compliance in China, please contact Dezan Shira & Associates.

For more information about tax advisory and compliance in China, please contact Dezan Shira & Associates.