Since joining the WTO, China has realized remarkable economic growth, despite serious government and legal restrictions on foreign investment. For foreign investors, grasping of Law amendments and the ever-changing business environment are fundamental to business success. We work with local Chinese firms, providing you timely information on tax, foreign exchange controls, trading and laws. Specifically we provide:
Reliance on local presence in China for up to date information may often be challenging. Our local management service line is designed to not only assist the China subsidiary disclose their financials to you but also to help you minimize tax costs, both in Japan and China. Our services include:
Multi-lingual consultants with finance and tax experience in both Japan and China are thin on the ground. Grant Thornton Taiyo Tax Corporation, however, dispatches such experienced Chinese professionals to provide you with the necessary global services and updated information, in both English and Japanese, with resources to assist you to further your business in China including corporate services, transactional based structuring, IPO services, M & A and reorganisation advice.
According to 2004 statistics released by Chinese authorities, more than 60% of total tax return corrections made by the authorities were related to transfer pricing issues. China’s tax authorities are focusing on transfer pricing audits, increasing in its aggressiveness, resulting in taxpayers suffering adjustments and penalties on price distortions.
We provide transfer pricing consultation on appropriate pricing methodologies, supporting documentation and APA services.
Moving forward? Unsure what to do next? To minimize tax risk, it is important to consult with tax professionals before any significant business decisions are made. Grant Thornton Taiyo Tax Corporation;