Taxation FAQ's

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What should a company do if it has not filed its taxes properly, how can this be rectified?

China is making great strides in reforming its taxation system, improving the collection of tax and ensuring compliance. The taxation authorities tend to look favorably on companies coming forward to resolve their irregularities, with severe consequences if the tax department finds them out first.

Where a company has not filed taxes properly it is advisable to discuss with a taxation agent immediately to first assess the potential liability and the extent of irregularities. Additionally such agents are licensed to discuss and negotiate with the authorities on the company¡¯s behalf.

LehmanBrown works with a number of experienced agents and can assist in resolving any taxation problems and in ensuring compliance going forward.