Case Study: Shenyang Machine Tool Group achieves Hong Kong tax deduction with Tricor Group

Helping businesses achieve maximum efficiency

Shenyang Machine Tool Group (Hong Kong) Co., Ltd., a holding subsidiary of Shenyang Machine Tool Group, needed help preventing double taxation between Mainland China and Hong Kong. Vendor Tricor Group, through Richful Deyong, provided auditing and tax planning support to address this cross-border tax challenge.

Tricor Group’s Richful Deyong team audited the Hong Kong company report and developed a tax planning approach that helped Shenyang Machine Tool Group (Hong Kong) apply for a deduction for taxes paid in Hong Kong. The engagement resolved issues the customer had not encountered before and delivered a satisfactory outcome for the leadership team, strengthening a long-term partnership.

Shenyang Machine Tool Group