Deloitte GFSI tax professionals offer innovative solutions for clients in the Chinese financial services sectors. The opening of China's banking industry leads to significant inbound investment opportunities for foreign banks to tap into domestic banking market. On the other hand, local Chinese banks with abundant foreign currency reserves are venturing outbound in the face of increasing competition from foreign institutions. Deloitte GFSI tax team can help both local and foreign banks to clear the potential hurdles in the ever-changing tax environments to realise their business objectives.
Assist to formulate outbound investment structures. The structures encompass financing planning, cash repatriation and exit strategies as well as minimizing global effective tax rates.
The new China Enterprise Income Tax (EIT) Law allows taxpayers to claim indirect FTC. We can advise on ways to maximise FTC utilisation.
The new EIT Law also introduces CFC rules. We can advise on ways to minimise CFC exposure and assist on the related compliance reporting.
Assist to formulate tax-efficient cross-border investment structures. The structures will encompass financing planning, cash repatriation and exit strategies as well as minimising global effective tax rates.
The new EIT Law expands the definition of tax resident to increase foreign enterprise with place of effective management in China and the Chinese tax authorities have stepped up enforcement efforts in relation to PE. Our specialists can assist investors to avoid and mitigate the related risks.
Assist new investors to resolve historical issues and integrate the acquired business to achieve investors' business objectives