Analysis On The Tax Risk Of Chinese Enterprises’ Direct Investment In RCEP Member Countries And Countermeasures

On January 1,2022,the Regional Comprehensive Economic Partnership Agreement(hereinafter referred to as RCEP)jointly signed by China and ten countries including Japan,South Korea,Australia,New Zealand and ASEAN was officially implemented.The implementation of the RCEP agreement means that the world’s largest liberalized trade area has started to sail,which will drive trade exchanges between countries and regions in Asia,Oceania,and promote the development of the world economy and trade.The implementation of the agreement provides a broader stage for Chinese enterprises to develop abroad,and the investment of Chinese enterprises in RCEP member countries will be greatly increased.However,opportunities and challenges coexist.While facing investment opportunities,Chinese enterprises should also be prepared to prevent risks.Tax risk is one of the important risks.The differences in tax systems,tax collection and management methods between China and other member countries,as well as the inconsistent understanding of international taxes among countries,will bring huge risks to Chinese enterprises’ overseas direct investment.Facing these risks,Chinese enterprises must adopt a positive attitude,improve their own tax risk management capabilities,and adopt effective countermeasures to meet the challenges.On the basis of the relevant theoretical analysis of the tax risks of overseas direct investment,this paper combs the corporate income tax systems of the RCEP member countries,the signing of tax agreements between the member countries and China and their contents,and then analyzes in detail the corporate income tax risks that enterprises will encounter in different investment stages,and expounds the specific manifestations of these risks in the form of cases,This paper probes into the causes of tax risks in different investment stages.Finally,the paper puts forward countermeasures from the perspective of enterprises and the government.At the enterprise level,it is necessary to establish a complete tax management system,enhance self tax management awareness,do a good job in tax risk supervision,and be accurate to every link of investment.While pursuing the maximum profit of the enterprise,it is also necessary to pay attention to avoid falling into the anti tax avoidance investigation,and leave no loopholes in tax treatment as far as possible,so as not to bring unexpected huge risks to the enterprise.On the other hand,the government should establish a sound tax service system,provide enterprises with channels to quickly obtain tax information,and establish a sound tax dispute arbitration mechanism to provide enterprises with ways to resolve tax disputes and reduce their losses.Enterprises and the government should work together to cope with tax risk challenges,so as to maximize the prevention of tax risks,improve the possibility of successful overseas direct investment by Chinese enterprises,and protect the overseas development of Chinese enterprises investing in RCEP member countries.