Tackling business restructuring is by nature a challenge. In China, implementing a business restructuring project comes with many difficulties that may result in major tax controversies. Indeed, tax risks can even be a deal breaker sometimes. In order to manage such risks, how to anticipate possible tax and regulatory barriers and controversies? How should valuation principles be applied for tax reporting and compliance? Addressing these questions is often a strategic process which requires industry expertise, tax intelligence and real life experience.
Today’s China tax environment is changing very fast with evolving regulations and changing attitudes of tax authorities. To further share our latest experience in handling complex business restructuring cases, we met Ray Zhu, PwC China Tax Valuation Advisory Partner and Mendy Wang, PwC China Advisory Partner.