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


  • 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


  • Tax due diligence
  • Tax structuring of investments
  • Deal documentation review and term sheet negotiations

Post-deal Management

  • Tax compliance services
  • Tax planning for the target assets
  • IPO and corporate restructuring


  • Pre-sale planning and related tax analysis
  • Tax advice on tax implications of exit
  • Tax filing and tax settlement for exit