Tax-refund: value-added tax and tax surcharge of RMB0.8 million for the past three years were refunded to the customer’s bank account in December, 2016;

Tax-exemption: The customer enjoyed exemption of value-added tax and additional tax starting from July 2016, subject to an aggregate amount of the taxes to be saved of RMB0.4 million per annum;

- Welcome to our company to inspect the duly tax-exemption approvals issued by the competent tax authority and the customer’s tax-refund certificates!

(1) Customer background

Company name:Shenzhen Office of Hong Kong HL
Time of Incorporation:2011
Headquarters: Located in Hong Kong, it mainly provide product design and development, photo shoot, marketing and procurement supply chain management services to corporate clients in America.
Operating Content: Providing product design and development and procurement supply chain management services to headquarters.

(2) Customer’s demand

1. Preferential tax solutions adhere to the principle of legal compliance
The headquarters hope to enjoy the preferential tax on the premise of legal compliance.
2. Avoiding tax risks of zero declaration upon replaced the business tax with a value-added tax
Enterprises concerned about tax risks of zero declaration of value-added tax which has been adopting upon replaced the business tax with a value-added tax, they hope BMICS would be able to guide the company's financial department to make tax returns based on the principle of legal compliance in order to avoid tax risks.
3. Demand for high quality and professional service
Clients expect BMICS’s professional assessment and judgment to deal with the refund of paid taxes and fees efficiently with legal compliance, and to provide overall opinions on enterprises’ finance and taxation management.
4. Comprehensive tax saving and value-added services
The Management wishes to have reasonable tax planning advice on the Group's overall operating, which will support them to report operation optimization schemes to the head of the headquarters.

(3) Risk Analysis

1. Basic necessary expenses of the office (such as rents, utilities, wages, social security fees and running cost reimbursement) are paid by headquarter directly to the domestic business account(s) of the office for transferring to others.
2. Enterprises shall make tax returns voluntarily, summarize appropriation expenditure according to the daily expenses, therefore to convert income based on the appropriation expenditure and to pay business tax and complementary enterprise income tax. The timeliness of understanding the changing policies on replacing the business tax with a value-added tax and of changing.
3. It had been zero declaration in the absence of tax exemption formalities of value added tax upon fully replaced the business tax with a value-added tax.

1. Assessment of the feasibility to enjoy preferential tax
BMI dispatches in-house senior advisors to conduct on-site survey for clients and further discusses with clients’ chief representatives in respect of their background, product offerings, businesses, operation, etc. to understand clients’ situation and to make accurate judgment on the feasibility of tax exemption/refund benefits by reference to the relevant regulations.

2. One-off information collection
In order to meet clients’ needs, BMI uses its past extensive experience to prepare a detailed information list, collect relevant information and maximize the efficiency of its work.

3. Tailor-made tax saving solution
BMI customizes legal tax saving solutions according to the actual conditions of clients. Under the premise of following the principle of truthfulness, we reach agreement with clients for what we serve for them, outline the approval points of tax authorities in a professional manner and prepare relevant documents for approval.

4. Comprehensively implement and promote the tax preference policy
To be responsible for answering questions about approvals handled by related departments of the State Local Taxation Bureau and provide detailed explanation for related information about business operation of the office as well as legal basis and judgment standards of enjoying tax preferences. Moreover, we follow up the approval opinions of state and local competent tax authorities and relevant officials in the whole process to understand the schedule and strive for maximizing value for clients.

5. Risk assessment and solution
Adhering to BMI’s service idea and having thoroughly considered the projects, we are able to provide clients with reassuring and comforting services by assessing the risk of initial zero declaration, providing assistance for correction of declaration and reasonably regulating the finance and tax treatment for tax exemption benefits.

6. Value-added service
We provide clients with suggestions on corporate cost control and operation assessment and solutions according to their needs free of charge and continue to focus on the relevant preferential policies and finance and tax information forwarding.

5. Customer Evaluation