Real estate development and operation is an industry which concerns the national economy and the people’s livelihood and is a important force to lead the local economy development and keep economic prosperity. In latest years, however, the nation issues a serial of policies to control the housing prices and regulate the administration of the real estate industry, such as the Notice of the State Council on Resolutely Curbing the Soaring of Housing Prices in Some Cities and the adjustment of the House Tax, in order to safeguard the basic housing level and balance the direction of social development. Correspondingly, the State Administration of Taxation has focused more on the huge disparity between the high profit level of real estate industry and the low rate of tax being levied while their continuing to improve the regulatory function of taxation on the tax system. Thus, real estate industry has become the key industry for the administration and auditing of tax, in which the liquidation of real estate project companies is the first priority for auditing of tax or other departments.

The liquidation of the project companies is the last procedure of real estate development and operation, which is not only a process for the companies to clean and arrange results of projects and conditions of operation but also a important method for the tax authorities to know the conditions of companies’ operation and tax payments. The project companies are involved in lots of tax problems referred to from the Enterprise Income Tax, Business Tax to the Land Value Added Tax and House Tax, from the confirmation of revenue, deduction of cost to the collection of accounting reports and statements, the accounting of projects and sales. The process of the liquidation, which needs preparation and coordination of many materials such as the materials of business, accounting, technology, involves different departments’ work. The professional team of Hwuason Law Firm will help real estate companies arrange the process of liquidation, prepare complete files and documents, and complete various compliant procedures and implement the proper obligation of tax payments.

• The evaluation of enterprises’ conditions and risks
• The schemes of risks controlling and management adjustment
• The design for liquidation process
• Contracts’ auditing, modification and integration
• The measurement of assets and cost
• The standard adjustment for accounts
• The settlement of Land Value Added Tax
• The settlement of Enterprise Income Tax
• Tax audit