VAT refunds for cross-border taxable services

Application Requirements

Contractual Income

Enterprises will basically qualify for VAT refunds and deductions by signing a written cross-border services contract with the overseas party as the recipient of services.

Main Business

The following services are eligible to be offered to overseas enterprises: technology transfer services, technical advisory services, contract energy management services, software services, circuit design and testing services, information system services, business process management services, trademark and copyright transfer services, intellectual property services, authentication services, audit services, and consulting services.

Qualification Approval

If enterprises have met VAT exemption of cross-border taxable services requirements and paid the required taxes within the period agreed to in the contract, they may be eligible for a refund or reduction of previous taxes (VAT and surtaxes).

Our Focus

Tax Exemption Filing

To be eligible for VAT refunds or deductions for cross-border taxable services, the enterprise must meet the related exemption requirements and the cross-border services contract must be filed with the relevant government technology, business and tax authorities.

Preparation of Materials

An accurate and comprehensive submission of the required application materials, including a perfect match between income and tax ratio data, is essential for an enterprise's application. With our years of hands-on experience with the process, we can ensure that our enterprise clients' applications proceed more smoothly and easily.

Complicated Procedures

China tax requirements can be quite complex and the enterprise will need to take into account difficult and unfamiliar tax exemption and deduction policies, including the application time, procedure and terms, as well as third-party certification. We can assist to ensure that all relevant requirements are met, leading to a successful application.

Our Solutions

Preparation Stage Services

Feasibility Assessment

Before the application process is begun, we will conduct a feasibility assessment to confirm that the technology field that the enterprise is involved in is covered by policy requirements. We will investigate any potential project obstacles and the level of risk of tax inspection that the enterprise may face during the application period.

Policy Analysis

We will perform a detailed analysis on the enterprise and current tax incentive policy, laws, and regulations and will present our findings to ensure that clients are completely satisfied whether their business conforms to policy requirements, which will streamline the decision-making process.

Execution of Control Table

We will create a project schedule that allows convenient and efficient tracking of the project process and milestone achievement. This common resource increases mutual understanding and keeps our clients on the same page as RTF's team members at all times.

Mid-Stage Implementation Services

List of Required Documents

After a thorough analysis of the tax refund factors at work and the enterprise's tax payment status, we will develop the required materials and guide clients to prepare the basic information and financial data.

Preparation of Application Materials

After our thorough analysis of the enterprise's basic information and financial data, we will conduct a secondary compliance check and organize the tax refund application letter and supporting documents. The application will then need to pass the review of four to six tax collectors across several different government departments and tax authority levels.

Continuous Tracking and Report

The application for tax refund can be quite complex and drawn out, but we arrange weekly status updates for enterprises so that our clients clearly know how their applications are progressing.

Later Services

Tax Refund Summary

We provide a final report on the refund status after the completion of the application. Typically enterprises will receive the tax refund before June 30 or December 31.

Check for Overpayment of Tax

We assist enterprises to check to ensure that other taxes excluding CIT were not overpaid and to conduct tax planning for going forward.

Our Service Advantages

Overall Planning

Through efficient and professional planning, we can help foreign investment enterprises to quickly realize their financial and tax optimization objectives at a lower cost, while reducing their potential risk.

Risk Control

We analyze enterprises' current situations and develop the best solution with respect to relevant requirements. We avoid risks in the early compliance procedure so that the application can proceed smoothly.

Post-Service Payment Guarantee

We bill after we have provided our services. We find that this helps to control costs for clients in the earlier stages of projects, and it is our guarantee of service quality to our clients. In this way, our clients are not billed excessive amounts before their problems are completely resolved.

Services

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