Ernst & Young’s China offering focuses on the north of the country, the south and Central China. The accounting firm enjoys strong ties with local tax authorities in Guangdong and Guangzhou, where it often provides international advice and services.For ...
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Ernst & Young’s China offering focuses on the north of the country, the south and Central China. The accounting firm enjoys strong ties with local tax authorities in Guangdong and Guangzhou, where it often provides international advice and services.
For example, in the last year, Ernst & Young provided training on transfer pricing to the Guangdong Provincial State Tax Bureau and the Guangzhou Municipal State Tax Bureau in connection with international methods and standards for various concepts. The team also advised a large multinational with ‘negotiating the benefit issue’ in order for the company to pursue less withholding tax rates on dividends under the Double Tax Arrangement between the PRC and Hong Kong. The case involved substantial sums of money, and Ernst & Young introduced new international tax concepts to the China’s State Administration of Taxation on the matter.
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