Greater Bay Area

Innovative cross-border tax related services, Guangzhou issues the first online definitive service opinion within Guangdong Province

2023-05-12   

I didn't expect to receive the "Definitive Service Opinion on International Tax Matters" so quickly. It's really a surprise! Recently, Ms. Wu, a finance representative of a transportation group in Singapore, received the Definitive Service Opinion from the Guangzhou Taxation Bureau of the State Administration of Taxation from the Guangdong Electronic Taxation Bureau. She was very happy. It is understood that this is also the first online application and definitive service opinion issued in Guangdong Province. It is reported that tax cost is an important consideration factor for multinational enterprise groups to make investment decisions. Therefore, taxpayers hope to obtain conclusive opinions from the tax department on the policy application of future cross-border transactions. Guangzhou Taxation is the first to launch a full process online certainty service for international tax matters. Taxpayers can receive a response by submitting their requests online through the Electronic Taxation Bureau. This service is aimed at both domestic and foreign enterprises and individuals planning to implement complex cross-border transactions. For cross-border tax collection and miscellaneous matters with high taxpayer demand, such as tax treatment of property transfer income, permanent establishment determination of tax treaties, beneficial owner determination, and application of property income clauses, it provides deterministic services for tax policy application, which helps to enhance the confidence of foreign investment and operation in Guangzhou. It is understood that the Singapore Transport Group plans to establish a regional headquarters in Guangzhou and carry out a series of restructurings in order to integrate and optimize its business in China. We hope to confirm in advance whether the series of restructuring matters are subject to special tax treatment. The restructuring business is complex and involves a large amount of money, and the group has doubts about whether to proceed with related matters. We need more certainty, "Ms. Wu said. The group's finance department submitted an application and relevant materials to the tax department of Tianhe District, Guangzhou City online, and obtained the deterministic results from the tax department, This service has effectively reduced operational risks for the company, which is more conducive to long-term planning. We are confident that we can go better and more steadily! "The International Tax Matters Determination Service" Online Office "is one of the convenience measures launched by the Guangzhou Taxation Bureau this year, which is a positive exploration to help Guangzhou expand its high-level opening up to the outside world. Provide personalized full process services based on taxpayers' demands, effectively helping taxpayers eliminate tax uncertainty risks in cross-border transactions, helping to create a market-oriented, legal, and international business environment, and promoting high-level openness and high-quality development of the Guangdong Hong Kong Macao Greater Bay Area. Guangzhou Taxation has established a 'Going Global to Bring in Tax Service Center', committed to serving high-quality 'bringing in' and high-level 'going global'. The international tax certainty service is an innovative measure launched by us for taxpayers engaged in cross-border transactions, which will help enhance tax certainty, safeguard the legitimate rights and interests of taxpayers, serve local governments to introduce foreign investment, and promote the development of international investment and trade Zhang Qiaozhen, member of the Party Committee and Deputy Director of the Guangzhou Taxation Bureau, said. (New News Agency)

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