As any business expands into a new market, it is inevitably confronted with an array of import & export tax issues. China’s export and import regime is not an exception in this respect. China has a collection of turnover taxes, such as value added tax (VAT), consumption tax and business tax, relevant to the international trade of goods and services in China. Having a clear understanding of how these taxes operate, and how best to structure your business affairs in light of them, is extremely important for companies doing business in China, and also any company intending to enter the Chinese market.

The appropriate tax advice in this area can be the difference between having, and not having, a competitive price for your product for your service. An example of an area in which savings can be made is that a tax exemption and refund will usually apply to taxpayers who exports good from China. This makes it important for all companies who export goods from China to go through the VAT registration process to ensure that they can claim the refund. This is just one of the issues where appropriate professional assistance can be very beneficial to your company in regards to China’s import and export taxes regime.
Hwuason’s Import and Export Tax team have the necessary experience and expertise to guide you through this complex and confusing process. Our specialist knowledge in this area enables us to advise you how to best structure your affairs in order to minimize the tax consequences.

How Hwuason can help you?

• Conducting risk assessments on your current operations;
• Providing advice on the operation of the law and regulations and how it impacts upon your business;
• Assisting with your tax filings;
• Designing an appropriate management strategy and system for you manage your import and export issues on a daily basis; and
• Negotiating on your behalf with related tax authorities.