In recent years, China has experienced a considerable increase in inbound and outbound M&A activities, as the central government has taken measures to open up the economy and Chinese enterprises have increased their outbound investments. With the increase in the number and complexity of transactions, M&A tax advisors play a key role in identifying risks, formulating solutions and assisting investors to make sound decisions to effectively manage relevant tax risks. Specifically, our services include:
Inbound M&A tax services
- Tax due diligence
- Tax structuring services
- Deal documentation review
- Tax planning
- Tax compliance
Outbound tax services
- Global tax management and compliance
- Global holding and financing structures
- Tax due diligence and structuring
- Post-acquisition tax integration
- Tax incentive planning and implementation
- Modelling tax assistance
- Market entry / location selection planning
- Global business model / supply chain
- Overseas tax dispute resolution
- Global mobility planning and restructuring
- Effective tax rate optimisation
- Pre-IPO restructuring
Private equity funds and asset managers are among the most active participants in inbound and outbound M&A transactions. They increasingly need professional tax service providers with rich industry experience to help them enhance after-tax returns and add value to their investments. The KPMG team can provide comprehensive tax advisory services, including:
Tax services for asset managers
- Tax planning services for fund structure design
- Tax services for management of non-performing assets
- Tax services for portfolio management
- Tax advisory for wealth management subsidiaries in the financial services sector
- Tax services for asset-backed securitization
- Tax services for tax-related information reporting for financial accounts (CRS / FATCA)
Tax services for private equity funds
Fund-raising
- Tax structuring for funds and tax advisory for fund management arrangements
- Negotiations with local government for fund establishment and related implementation
- Tax advisory on carried interest arrangements
- Tax negotiations with limited partners
Post-deal Management
- Tax compliance services
- Tax planning for the target assets
- IPO and corporate restructuring
Investments
- Tax due diligence
- Tax structuring of investments
- Deal documentation review and term sheet negotiations
Exits
- Pre-sale planning and related tax analysis
- Tax advice on tax implications of exit
- Tax filing and tax settlement for exit
