29-01-2016, 09:00 PM
(29-01-2016, 03:24 PM)alex Wrote: 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.
Hi Alex,
It is definitely beyond me to show how input VAT could be offset against output VAT for different entities. Ha-ha!
True, I agree that taxation in China is quite a complex issue and the key is how to strike an appropriate balance between various different risks in the structuring of business entities.
Since you mentioned that “Obviously, tax structures considerations not only pertains to current input VAT that can or cannot be utilised.”
I am wondering how much of Sino Grandness reported “VAT receivables” could not actually be utilized.
I think we should let the moderator decide if we should continue debating on the VAT.
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