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(1) We were approached by a client engaged in trading of model cars to assist them in clarifying with the IRD the true nature of expenditure on moulds and relevant arrangements with factories which was misunderstood by its previous tax representatives and accordingly was wrongly presented to the IRD. The client was finally allowed by the IRD to claim full deductions on such expenditure of around HK$2.2 million for the past 10 years of assessment. No additional tax was levied.
(2) We were engaged to carry out group restructuring of a large Taiwanese group of companies which had production plants in China to manufacture famous footwear. Through proper tax planning and organization structure, we successfully assisted the group to achieve tax savings of HK$34 million.
(3) We assisted a U.S. client whose principal activity was trading home furnishing products in China and overseas in saving HK$28 million tax by successfully obtaining offshore profit exemption through proper tax planning and implementation.
(4) We assisted a Chinese client who engaged in exporting business with all production facilities in mainland China to achieve risks diversification and tax savings of approximately HK$21 million (up to 2009/10) by successfully obtaining offshore profit exemption through group restructuring and proper tax planning.
(5) We assisted a trading and manufacturing client engaged in trading and manufacturing of well-known watches in China to lodge objection to the IRD and defend on behalf of the client. This case was previously handled by one of the big four CPA firms and the client was advised to withdraw its claim for offshore profits and pay tax accordingly as the chance for successful objection was considered slim. However, by conducting thorough review of client’s operations and relevant documents, we found some valid points to substantiate the client’s offshore claim and eventually HK$10 million tax was saved by the client.
(6i) We assisted a service company which provided IT consultation services in mathematical modelling, operation research, and the design and development of integrated production forecast and optimization system for the largest oil and gas company in Australia in convincing the IRD that the client’s services were provided outside Hong Kong and successfully saved over HK$2 million tax.
(7) We advised a trading company engaged in trading of wide range of branded glasses through internet the proper means for asset protection in view of diversifying business risks of trading from the intellectual property right. Through proper structure and royalty arrangement, the client’s tax liability was significantly reduced.
(8) We assisted a trading client in successfully handling field audit and investigation by the IRD with no additional tax levied.
(9) We assisted a client in his personal investigation affairs (the case was transferred from other tax representatives). Through negotiation with the IRD, we successfully finalized and settled the case with a significant reduction in the client’s tax liability.