股权投资基金的税务管理与筹划之二——投资并购的涉税风险摘要.PDFVIP

股权投资基金的税务管理与筹划之二 ——投资并购的涉税风险及控制策略 Management and Planning for Equity Fund (II) --Tax-related Risks and Control Strategies in MA Deals By Queena Ye 序 Forewords the four phases—fundraising, investment, MA, from the investor’s perspectives, 随着在中国的被投资公司上市或 management and exit, and should first of the tax obligations of the transferred 并购退出规模的增大，站在投资者的 all consider the relationship between the company and its shareholders shall 角度来看，税收成本对股权投资基金 organizational structure of the equity fund also constitute a point of concern in the 回报率的影响将愈发凸显。同时，我 itself and the tax costs. investment and MA plan. 们也注意到，对股权基金管理费的定 我们计划分两期来共同探讨股权 不同的投资并购方案及投资后的 义问题、合伙制基金的纳税方式问题， 基金税收筹划这一课题，上期探讨的 架构涉及不同的税务成本。企业在制 以及境外基金涉及的常设机构等问题 是股权基金自身的组织架构模式对税 定投资并购方案时，应充分考虑收购 的处理方式，中国税务机关也还处于 收的影响，而本期我们将重点围绕投 行为整体税务的影响。例如，对于转 完善阶段。 资并购行为的税务事项展开分析。 让方，其资本利得是否纳税、资产增 With expanding scale of IPO or Tax planning for equity funds shall 值是否纳税？而对于投资方，资本投 MA exits of investee companies in be discussed in two parts. In the last 资所取得的资产股权，以及资产的折 China, tax costs are expected to play an session, our discussion focused on the 旧摊销如何确定计税成本？以及税收 increasingly influential role in return impact of the organizational structure 待遇是否能够延续？ rate of equity funds from the investor’s model of the equity fund itself on taxes, Different tax costs are involved perspective. Meanwhile, China’s tax wh