China’s rapidly changing tax regulations make on-going tax planning an essential part of doing business in China. Tax planning and organisation is essential to avoid uncertainty or disagreement with the local tax office. This is especially the case in China, where the tax system is relatively under-developed and inconsistent.
Our Taxation Services Department
Our Taxation Services Department is divided into the below categories:
We provide these services across our network of offices in Mainland China and Hong Kong to support and add value to businesses and clients.
Why Choose LehmanBrown?
LehmanBrown has extensive experience in providing tax services to foreign and domestic enterprises, as well as individuals and representative offices. Through its long, close working relationship with the tax authorities, LehmanBrown offers comprehensive taxation services. These services include the development of tax optimisation structures, transfer pricing policy aligned with corporate strategy, compliance with Chinese tax regulations, liaising with tax authorities and preparation and submission of tax returns.
Individual Tax Planning (IIT)
Individual income tax (IIT) is a form of tax that needs to be paid over your salary in China. This is done through the employer who should withhold the correct amount of tax before payment of the salary, to make it easier for staff. People working for foreign employers, under certain criteria, have the opportunity to reduce their IIT liability. Instead, they can be taxed based on the actual number of days living in the PRC. LehmanBrown has long standing practical knowledge of tax servicing for individuals employed in foreign and domestic enterprises. With our intricate knowledge of the Chinese tax system, even in these changing times, means we can offer the best IIT planning on all spectrums. We can help you achieve the most efficient way to structure your tax payments and we offer this service to anyone, whether you are a self-employed director of a new enterprise or an employee at a foreign multinational.
Company Taxation (CIT)
Tax planning is vital when doing business in China due to China’s constant changes in corporate tax regulations. LehmanBrown offers extensive tax planning and encourages the ideology that your business must be commercially viable and balanced to yield tax efficiencies and mitigate the risk of challenge to you by the tax authorities.
At LehmanBrown our clients have the opportunity to exercise many taxation services. These include developing tax optimisation structures, tax restructuring for mergers and acquisitions and negotiating with tax authorities for a suitable preparation and submission of tax returns. We have a vast knowledge of transfer pricing policies in line with both corporate international strategy and in compliance with Chinese tax regulations. This means we can give multinational clients the unique advantage of limited overall tax exposure.
From LehmanBrown’s extensive network of international professional services, firms we are able to assist companies in effectively planning and putting into effect “off-shore” tax structures and establishment.
Make an Enquiry
For further guidance or to make an enquiry, please contact us.
Further Resources for Your Business
You can find out more about the full scope of our Taxation Services throughout this section of our website and via the FAQ resources, which have structured guidelines around key China Tax issues including Transfer Pricing, VAT, Corporate Income Tax (CIT) and Individual Income Tax compliance (IIT).