财税与公共管理学院知识库

   随着2015年“一带一路”的深入推进和发展，中国企业对外直接投资的选择面越来越广，推动了经济全球化的进程。《区域全面经济伙伴关系协定》简称RCEP（Regional Comprehensive Economic Partnership）于2020年生效，涉及国家中国、日本、韩国、澳大利亚、新西兰以及东盟十国共15个国家。RCEP的签订对各成员国国家的贸易自由化提供了便利，也对经济全球化增添了新动力。

   本文将RCEP与“一带一路”战略提出的“走出去”企业相结合，分析在RCEP生效后的新国际形势下，我国“走出去”企业在对外直接投资时遇到的税务风险，并提出防范建议。具体而言，文章首先基于风险管理等基础理论，将2022年与2023年我国“走出去”企业对外投资的相关数据及其变化趋势进行比对，分析目前我国对不同RCEP成员国的投资现状，同时梳理整合了RCEP部分成员国的投资政策现状，分别对有代表性国家的投资方式和退出方式进行列举并分析我国“走出去”企业对外直接投资时的注意事项。

   同时，文章选取国内知名上市企业Y公司并购RCEP成员国日本X微技术公司的案例，从投资初期、后续经营对Y公司的并购活动进行税务风险分析，首先在投资初期部分总结出Y公司在东道国税收政策、尽职调查以及股权架构三个税务风险点；经营阶段从纳税申报、公司税务管理以及投资双方的争议解决机制等方面论述Y公司面临的税务风险并简单总结未来退出阶段Y公司可能遇到的税务风险。基于上述风险，分别对案例进行总结并得出相应的启示，归纳Y公司遇到税务风险的原因。文章最后通过对案例总结中总结与启示部分以及基于RCEP背景下我国“走出去”企业可能面临的新税务风险提出建议，使我国“走出去”企业对外直接投资的道路畅通无阻。

      With the deepening development of "the Belt and Road" in 2015, Chinese enterprises have more choices foreign direct investment, which promotes the process of economic globalization. The Regional Comprehensive Economic Partnership Agreement, referred to as RCEP (Regional Comprehensive Economic Partnership), into effect in 2020, involving 15 countries, including China, Japan, South Korea, Australia, New Zealand, and the 10 ASEAN. The signing of RCEP provides convenience for the trade liberalization of member countries and also adds new impetus to economic globalization.

      This article combines the "going out enterprises proposed under the "Belt and Road" strategy with the RCEP, analyzes the tax risks encountered by China's "going out" enterprises in foreign direct under the new international situation after the entry into force of the RCEP, and proposes prevention and control suggestions. Specifically, the article first compares the relevant data and changing trends of China's "going out" enterprises' foreign investment in 2022 and 2023 based on basic theories such as risk management analyzes the current investment status of China to different RCEP member countries, and at the same time sorts out and integrates the current investment policy status of some RCE member countries. The investment methods and exit methods of representative countries are listed and analyzed, and the matters needing attention for China's "going out" enterprises in foreign direct are analyzed.

    At the same time, the article selects the case of domestic well-known listed company Y's acquisition of Japanese X micro technology company, a member of RCEP, and analyzes the tax risks of Y's acquisition activities from the initial investment and subsequent operation. In the initial investment part, the article summarizes the three risk points of Y company in the host country's tax policy, due diligence, and equity structure. In the operation stage, the tax risks faced by Y company are from the three parts of tax declaration, corporate tax management, and the dispute resolution mechanism between the investor and the investee, and the possible tax risks that Y company encounter in the future exit stage are simply summarized. Based on the above risks, the case is summarized and the corresponding enlightenment is drawn, and the reasons for Y company encounter with tax risks are summarized. In the end, the article puts forward suggestions based on the summary and enlightenment part of the case summary and the new tax risks that's "going out" enterprises may face under the background of the RCEP, so that the road of foreign direct investment of China's "going out" enterprises be unimpeded.