Tax Analysis and Implementation Suggestion on Infrastructure REITs Structuring with the New Tax Policy

The new policy of Cai Shui 2022 Notice No. 3 is a major institutional innovation for infrastructure REITs in China, which greatly benefits the supply of REITs products and market development. The tax experts of Hargent analyzed the full tax treatment of the five major aspects of infrastructure REITs structuring under the new policy, and proposed operational considerations with service cases and research results.

2022-01-31

Breaking News – OECD Released Global Minimum Tax Model Rules. Hargent International suggested Chinese Multinational Enterprises How to deal with the“Two-pillar" International Tax Reform

On 20 December 2021, the OECD published the Pillar Two model rules for a two-pillar reform of international taxation to help implement a landmark reform of the international tax system that will ensure that multinational enterprises (MNEs) will be subject to a minimum tax rate of 15% from 2023.

2021-12-21

Hargent view | "government work report" tax hot parsing

The Fourth Session of the 13th National People's Congress was successfully held in Beijing from 5 to 11 March. On behalf of the State Council, Premier Li Keqiang delivered the Report on the Work of the Government (the "Report") to the General Assembly. Last year, China implemented a combination of large-scale tax and fee cuts and institutional arrangements, reducing the burden of market entities by more than RMB 2.6 trillion, including RMB 1.7 trillion in social insurance premiums, which played an important role in fighting the epidemic and relieving difficulties, and stabilising the economy. Looking ahead, during the 14th Five-Year Plan period, China will establish a modern fiscal and financial system and enhance the government's economic governance capacity as one of the major tasks to deepen reform and opening up, and will implement a series of tax incentives in 2021. In the future, China Taxation will implement a series of tax incentives in 2021, which will be analysed one by one, taking into account the contents of the report and the current regulations.

2021-03-12

Case analysis | SBC Indonesian EPC project eventually tax applies: controversy and way out

Recently, the bond prospectus of a joint stock company published by the SSE disclosed the final tax dispute of a thermal power engineering company belonging to the group in an EPC project in Indonesia, with a disputed tax amount of more than 60 million yuan. The SSE's 2018 public document also disclosed a final tax dispute in Indonesia for a group international cooperation company limited, with the disputed tax amount reaching 147 million yuan. These are two of several final tax dispute cases that have occurred in recent years for Chinese enterprises contracting projects in Indonesia. This article takes the above thermal power project case as the object of analysis, takes into account the characteristics of EPC projects and the Indonesian tax system, analyses in depth the content of the dispute and makes corresponding recommendations based on the overseas experience of the Tax International Department of Huazheng, with a view to effectively reducing the significant tax risks of Chinese enterprises undertaking international contracting projects.

2020-11-26

Focus on orientation to promote " Belt and Road Initiative" tax collection and management cooperation

At the “Belt and Road initiative” Tax Collection and Management Cooperation Forum held in Wuzhen in April 2019, the tax authorities of 34 countries and regions jointly signed a memorandum of understanding and established the “Belt and Road” tax collection and management cooperation mechanism

2019-06-05