With the improvement of tax inspection methods and case selection ways as computer software as well as comprehensive utilization of control calculation, comparison analysis, correlation analysis, tax authorities always control the accounts, vouchers and contacts at first when doing tax inspection. Meanwhile, self-examination and supplementary tax p ...More

Mergers Acquisitions (MA) remains a boom area in China as companies worldwide look to increase their profitability. Hwuasons lawyers all have experience in a variety of MA transactions. In addition to conducting taxation due diligence reviews, we can help you, whether you are a purchaser or vendor, to evaluate the manner and financing of mergers an ...More

When enterprises go into liquidation according to the Corporations Law and the Enterprise Bankruptcy Law , they need to do with the Corporate Income Tax problems related to liquidation income, liquidation income tax and dividend distribution. In addition, the transfers for lands, buildings as well as property rights, bonded debts and other transact ...More

On 31 March of 2009, China Securities Regulatory Commission issued the Administrative Measures for Initial Public Offerings and Listing on the Second Board (hereafter referred to as Measures for short). The Measures was formulated on the 1 May of 2009. The Measures explicitly stipulates that enterprises listing on the Second Board are mostly the in ...More

In civil trusts, commercial trusts or fund trusts, the proprietor and the administrator both focus on preserving and increasing the value of the property. When designing trust schemes, not only the feasibility of property transfer should be reflected, but the fairness of benefit distributions should also be taken into account. Besides, we should co ...More

VAT to replace business tax is an important part of the reform of tax system during the twelfth five-year plan of China, and this will be carried out step by step: firstly, we launch the pilot in some industries and some areas; secondly, this will be executed in some industries nationwide; thirdly, to finish VAT to replace business tax in the indus ...More