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29-01-2016, 03:24 PM
Seriously, i can't identify the constructive discussions on-going about VAT. Unless Boon can show us that input VAT can be offset against output VAT for different entities.
Obviously, tax structures considerations not only pertains to current input VAT that can or cannot be utilised. There are different risk and business is different for each factory. Some do beverages, some do bottling, some do snacks etc. So using branches as a consideration, is good but not realistic. Unless we are operating in a simple environment where there are only a single local govt system you have to comply. You do understand that different cities in China have different requirements over the employee social contributions, tax requirements and incentives.
Obviously, tax structures considerations not only pertains to current input VAT that can or cannot be utilised. There are different risk and business is different for each factory. Some do beverages, some do bottling, some do snacks etc. So using branches as a consideration, is good but not realistic. Unless we are operating in a simple environment where there are only a single local govt system you have to comply. You do understand that different cities in China have different requirements over the employee social contributions, tax requirements and incentives.