Japan Business Network (JBN) - China

We guide Japanese companies to success.

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PwC China

PwC China: Research and insights

China business opportunities

Setting up in China

PwC China has a history of more than 120 years since opening its office in Hong Kong SAR (hereinafter ‘Hong Kong’) in 1902, and is primarily based in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Suzhou, Hangzhou, Wuhan, Guangzhou, Shenzhen, Macau SAR (hereinafter ‘Macau’), Hong Kong and have branches in various locations. With more than 17,000 staff members, PwC China is China's largest international accounting firm.

In addition, in order to support Japanese companies operating businesses in China, PwC China has certified accountants, tax accountants and other professionals available on-site from PricewaterhouseCoopers Japan LLC, PwC Advisory LLC, PwC Consulting LLC and PwC Tax Japan, who strive to meet the various needs of Japanese companies.

The business environment in China is unique. We have a framework in place to provide a wide variety of services to multinational corporations, joint ventures, and representative offices doing business in China. With our extensive experience, PwC China is well-positioned to provide top-notch services. In addition, we have built very strong relationships with government agencies (the Ministry of Finance, State Administration of Taxation, Ministry of Commerce, People's Bank of China, State Administration for Industry and Commerce, and provincial, municipal and local taxation agencies), and these relationships enable us to help our clients make smooth investments in China.

Our Major Services

As a reliable partner for Japanese companies entering the China market, we provide one-stop services and support for the success of your business in China at every stage through the collaboration of our local and Japanese teams.

Financial audit
Tax
Risk assurance
China market exit support
Advisory / other consulting services

Financial audit

Statutory audit
Consolidation audit
Other voluntary audits
Internal control audits (J-SOX, US-SOX, etc.)

Tax

Corporate income tax-related consulting, including tax advisory support under tax retainer arrangements, group restructuring taxation, taxation on permanent establishments (PE), overseas remittances (including capital reduction), etc.
Support for various preferential tax treatments, including value-added tax (VAT) exemptions for exports, additional deductions for R&D expenses, and preferential individual income tax policies for highly skilled individuals in the Greater Bay Area, etc.
Support for the establishment of regional headquarters and the implementation of shared services
Support for partial or complete digitalisation of tax operations
Indirect tax-related consulting, including support for the implementation of electric fapiao, and consideration of VAT treatment optimisation based on business changes
Transfer pricing taxation consulting, including creating/updating transfer pricing policies, value chain analysis/benchmark analysis, consideration of transfer pricing strategies for M&A and organisational restructuring, support for transfer pricing documentation, assessment for transfer pricing risk by tax authorities, transfer pricing audit support, and application of advance pricing agreements (APA)
Custom duty consulting, including custom duty assessment, Harmonized System (HS) code classification, authorised economic operator (AEO) certification support, taxation on royalties, compliance for bonded area transactions, and foreign currency management related to imports and exports
Support for the filing of CIT, VAT, etc.
Support for advance tax rulings, tax audits, appeals, and mutual agreement procedures (MAP)
Consulting for company relocation, including analysis on corporate income tax, VAT and land value-added tax, support for applying for government sponsored relocation, and support for compensation negotiations following relocation
Liquidation-related consulting, including support for tax deregistration and other types of deregistration from various government institutions, and support for tax audits during liquidation

China market exit support

China exit strategy formulation support
Tax, HR and legal health checks for liquidated entities
Support for public notices of liquidation
Support for communication with employees, termination of employment contracts
Tax audit support
Negotiation with various China government agencies and deregistration procedures

Advisory / other consulting services

China market studies, business strategy development
China business transformation (supply chain transformation/sales channel transformation)
Business reorganisation, functional integration
Cost reduction (procurement and logistics)
M&A and PMI (post merger integration)
Business development through digital technologies
IT innovation, system implementation support
HR transformation, organisational change
M&A financial advisory (acquisitions, joint ventures and divestitures)
M&A deal strategy
Business recovery services (restructuring, bankruptcy, liquidation, crisis management and debt advisory)
Capital market advisory (capital markets and initial public offerings (IPO))
Startup investment
Infrastructure investment (public-private partnership (PPP) projects etc.)
Deal structuring (tax and legal services)
Valuation (for negotiation, tax and statutory purposes)
Due diligence (financial, tax, business and compliance)
China local talent growth programs
Support for visits to Chinese companies
Support on joint projects with the Chinese government
Support on matching between investors and companies

China JBN Members

Territory Leader