DBY Product Creative Development (Shenzhen) Co., Ltd., established in 2011, is engaged in the provision of R&D and design services for overseas companies. In November 2012 when the policy of replacing business tax with value-added tax was initially implemented, this company requested its partner to assist in applying for VAT exemption but failed. In the later, BMI took the initiative to get in touch with its management and got the support from its headquarters, therefore, both parties entered into agreement to establish cooperation, under which BMI assisted this company in improving its financial compliance, applying for preferential tax and refunding the tax payment for past three years.

September 2015:【DBY Product Creative Development (Shenzhen) Co., Ltd.】 received the VAT and surcharges refund of nearly RMB120,000 from national treasury for the period from November 2012 to November 2014. The total tax amount it received was about RMB 1.3 million.
July 30th, 2015:【DBY Product Creative Development (Shenzhen) Co., Ltd.】 received the VAT refund of nearly RMB970,000 from national treasury for the period from November 2012 to November 2014.
May 25th, 2015: 【DBY Product Creative Development (Shen Zhen) Co., Ltd.】 received the first business tax and surcharges of nearly RMB300,000 from national treasury for the period from March 2012 to October 2012.
Late in March 2015:【BMI Shenzhen】assisted 【DBY Product Creative Development (Shenzhen) Co., Ltd.】in successfully going through the approval formalities for local tax refund paid by offshore service outsourcing business.
Middle of December 2014: 【BMI Shenzhen】assisted 【DBY Product Creative Development (Shenzhen) Co., Ltd.】in regulating and preparing the internal tax-related instruments and delivering the tax exemption approval for cross-border services. Its valid term was long-term effective. Tax exemption became effective for tax declaration starting from December, and tax savings amounted to nearly RMB 100,000 per annum.
Middle of November 2014:【BMI Shenzhen】entered into cooperation agreement with【DBY Product Creative Development (Shenzhen) Co., Ltd.】.