Tax Compliance and Strategy
A company must pay tax to the Chinese government and have a strategy to ensure compliance while also maximizing tax-reduction incentives. IPO Pang’s passion to facilitate, advise and strategize with the client to achieve a net result of payment of as little taxes as legally possible. We help our clients with advanced planning, a thorough knowledge of the tax laws, customs and practices within China. IPO Pang thinks outside of the box to create a defensible tax strategy that will pass legal muster. Once we have a strategy, IPO Pang will continue to help clients implement the plan.
IPO Pang is often asked by clients to file routine taxes and negotiate with the local tax inspector. We also help coordinate all necessary monthly reporting and payment requirements, including annual tax audits and operation of the “official receipt” (fapiao) system. We advise clients on the most efficient way of handling their tax obligations. At IPO Pang, we are often asked to execute on their behalf as their outsource local tax compliance officer. Since repatriation of funds earned in China will have material impact on tax obligations, companies procure IPO Pang early in the process to establish the most effective corporate structure and service arrangements to lower tax burden and enable the enterprise to achieve its business objectives. IPO Pang subscribes to the principal that it is not how much one earns that matters, it is how much one takes home.