Tax Advisory
The international tax environment is changing rapidly as a result of coordinated actions by governments and of unilateral measures designed by individual countries, both intended to tackle concerns over base erosion and profit shifting (BEPS) and perceived international tax avoidance techniques. The tightening of tax regulations around the globe can present different risks to business operations and such risks can, in turn, have many repercussions.
Our tax professionals, which include qualified accountants of CPA Australia, ACCA and HKICPA, are equipped with tax expertise gained through their long years of prior experience in providing corporate and personal tax advisory services in Hong Kong, Mainland China and international context to local and multinational clients in various industries such as manufacturing, wholesale, retail, real estate, information technology, hospitality, logistics, shipping and airlines, and financial services. We are also strong in supporting you in meeting your tax compliance/filing obligations and dealing with the tax authority for resolution of tax disputes.
We offer a range of tax advisory services tailored to support both corporations and individuals with their tax compliance needs and strategic tax planning.
Corporate and individual tax compliance services
We can assist you in preparing corporate profits tax returns and individual income tax returns and advise on the enquiries raised by the tax authorities in respect of the tax returns. Our tax compliance team provides you with an efficient way of meeting your tax deadlines.
Tax due diligence on M&A transactions and structuring
Companies intending to acquire another business should understand the potential risks before acquiring their target. Our tax professionals offer robust solutions to support your M&A transactions, including tax due diligence, advice on corporate structuring, and negotiation support.
Tax health checking
The purpose of tax health checking is to evaluate existing exposures and identify possible errors, tax inefficiencies, or potential tax risk areas. The scope can include all taxes or only certain types of taxes. Where identified, tax-saving opportunities would also be explored.
Application for Certificate of Resident Status in Hong Kong
To claim tax benefits available under applicable Double Tax Treaties, income recipients are usually required to obtain a certificate of resident status from the relevant tax authority. CW can assist our clients in such application.
Tax investigation and field audit support
We can support you in handling tax investigation/field audit and minimize the disruption to your daily business. Our tax professionals will accompany you to attend meetings during the investigation and will assist in negotiations with the tax authorities to reach a reasonable resolution.
Advance ruling application
For controversial tax issues, taxpayers would be able to obtain a certain degree of certainty from the Inland Revenue Department regarding their tax treatment. CW can assist our clients in such applications. In addition to our handling fee, the Inland Revenue Department would levy a fee.
