Individual Controlled Foreign Corporation (CFC) tax consulting services

Individual CFC rules were first implemented in 2023. According to the current rules, the taxpayer has to fill in the "CFC Business Income" column in the basic income tax return during the May income tax filing period of each year starting from 2024. In addition to the income information, it is also required to fill in the CFC business income computation table, disclose the information of shareholdings of individuals and their related persons and the shareholding structure charts, meanwhile, it is also required to provide the information of the audited financial statements for review. Therefore, it is important to assess and analyze the tax risks that may arise before and after the filing of tax returns, as well as how to prepare financial statements based on incomplete information such as bank accounts and transaction certificates of individual CFC since its establishment (opening balance) and the financial statements required for the filing year.

• Provide tax advisory services for individual CFC Rules
• Provide accounting (beginning balance) and bookkeeping service for individual CFC
• Provide financial statement certification service for individual CFC