Based on its in-depth knowledge and diverse experiences in the financial industry, the Financial Service Tax Division of KPMG TAX provides tax compliance, tax advisory, tax audit assistance, and tax appeal assistance, among others to various onshore and offshore financial entities, such as financial holding companies, banks, securities companies, insurance companies, credit finance companies, etc.

Tax Compliance Services

The Financial Service Tax Division of KPMG TAX provides assistance to those financial companies which file corporate income tax returns, consolidated corporate income tax returns (if applicable), local income tax returns, education tax returns, etc.

Tax advisory services

The Financial Service Tax Division of KPMG TAX provides tax advisory services with regard to issues relating to the financial companies’ mergers, acquisition, or division as well as the issues relating to various types of securities, derivatives, and new financial products.

Tax Audit Assistance (Tax Audit Defense)

The Financial Service Tax Division of KPMG TAX provide tax audit assistance to financial companies, including a review of documents to be submitted to tax authorities, development of supporting arguments and sound reasoning for the tax positions taken by the financial companies, analysis of tax assessed items upon the completion of audit and development of logic for tax appeals, etc.

Tax Appeal Assistances

A finance-related tax appeal requires an in-depth understanding of the relevant financial products, as well as related rules and regulations, and it is also imperative to possess a keen understanding of the nature and characteristics of the financial industry from the perspective of tax authorities. The Financial Service Tax Division of KPMG TAX provides one-stop tax appeal assistance throughout the entire cycle of the appeal process, which includes filing of tax refund claim by specialists who have an extensive understanding and knowledge of the industry, preparation of statement of reasons for an appeal to the Tax Tribunal, making an effort to convince the relevant authorities, etc.

Tax Ruling Request Assistance

It is often the case that tax issues related to various and complex financial transactions cannot be simply resolved through the tax rules and regulations themselves, and there are many uncertainties and ambiguities around the application of the newly enacted laws to the financial transactions. The Financial Service Tax Division of KPMG TAX provides assistance to financial companies in obtaining a tax ruling or authoritative interpretation from the tax authorities with respect to various tax issues that are often unclear and complex.