An auto company needed to pay a substantial amount of service fee to overseas entity. But it was levied a high rate of profit tax due to misunderstanding of policy and inappropriately prepared documents. GFC investigated the company’s relevant business of the payment, and reviewed the service contract, etc. Then, GFC made some appropriate modification according to the actual business condition, negotiated with related tax bureau, and finally gained tax savings about RMB7.5 million.
All rights reserved : GFC Advice