Since this year, China has launched a new round of large-scale, substantive and inclusive tax relief measures, which has attracted extensive attention from foreign enterprises and foreign media. In this regard, China Tax News, the authoritative media in the tax industry, launched a special report on "Experts of international tax organizations suggest foreign enterprises to seize the opportunity of tax relief and plan for investment in China" in tax service section of the paper on April 12. Wei bin, President of CHUNG Rui Tax Agents Group Co., Ltd. and Cindy (Fang Xin), tax partner of China tax from the Boston member office of Nexia International Network affiliated to CHUNG Rui Tax Group, accepted this interview as the invited tax experts!

    Wei bin, President of CHUNG Rui Tax Group, reminded enterprises to pay attention to the compliance requirement from global perspective. Enterprises shall consider whether the tax paid conforms to international standards, whether the requirements of BEPS are satisfied, whether there is a situation of profit distribution in disguised form, avoiding withholding income tax, etc., to avoid the risk of anti-tax avoidance investigation from tax authority. Fang Xin mentioned that, considering the actual transactions, multinational enterprises should establish and maintain relevant internal processes, to enhance the risk and compliance awareness of intercompany transactions, encouraging the internal stakeholders of the group to jointly form a set of suitable mechanisms, with full consideration of tax compliance obligations during the transaction planning stage.

    According to Cindy Fang, the foreign investment law has greatly promoted the attractiveness of the Chinese market towards foreign investment. She presumed that the effect of new measures in various industries, including finance, taxation, trade and investment will further release the vitality and potential of China's economy. It is believed that China will become the most attractive foreign investment destination in the world.