Cities are important carriers of modernization. Urban renewal is an inevitable stage in urban development and an inevitable action under the goal of a better life. The "14th Five-Year Plan" of the country clearly proposed to promote new urbanization centered on people and implement the urban renewal action. The report of the 20th National Congress of the Communist Party of China stated, "We should encourage citizens to participate in urban planning, construction and governance, improve the level of urban planning, construction and governance, accelerate the transformation of the development mode of megacities and super-large cities, implement the urban renewal action, strengthen urban infrastructure construction, and create livable, resilient and smart cities." The urban renewal action is becoming a new driving force for promoting the high-quality development of cities.

On May 25, 2022, the General Office of the State Council released the "Opinions on Further Leveraging Existing Assets and Expanding Effective Investment" (Document No. 19 of 2022 issued by the General Office), encouraging the revitalization of state-owned enterprise assets and sounding the battle cry for state-owned enterprises to participate in "urban renewal". This encourages more entities involved in urban renewal investment, operation, and services to get involved. Urban renewal has the characteristics of strong policy orientation, multiple approval procedures, complex procedures, long implementation period, numerous complex issues, and large amounts of funds involved. How to accurately grasp and apply the relevant fiscal and taxation policies related to urban renewal and practical handling methods, and how to design a practical and feasible operational plan for the entire process of urban renewal's fiscal management based on the actual situation of enterprises, legally, reasonably, and in a standardized manner to protect economic interests and avoid tax risks in urban renewal is an important task for enterprises in a certain period.

With the advent of the "Golden Four" era of tax informatization, relying on big data and cloud computing technologies, a comprehensive network connection covering all departments of the tax authority has been achieved. This has transformed the tax collection and management methods, and has introduced a series of work norms. Greater emphasis has been placed on information-based tax management and risk management. Urban renewal project implementing enterprises involve multiple tax-related business processes such as investment, financing, land use, construction, operation, and handover. In the new tax collection environment, these implementing enterprises will face stricter tax collection, multiple indicators of tax assessment, and potential tax risks.

There are numerous participants in urban renewal projects, involving large amounts of funds, complex interest-related aspects, and numerous tax types. It is necessary to sort out various economic contract relationships arising from the "urban renewal" business under different implementation entities and modes, and clarify the financial accounting and tax handling for each stage of the "urban renewal" business. It is also necessary to plan the business processes, contents, and risks of different implementation entities for urban renewal projects, identify various tax preferential policies and tax risks encountered throughout the entire life cycle, and the content of tax and finance management is extensive. Under the intelligent management of "Internet + Big Data + Blockchain", a "Business-Tax-Finance Integration" management model is constructed to clarify the essence of the business, conduct correct financial accounting, and prevent tax risks, achieving the maximum comprehensive benefits.

Integrated target calculation for the entire life cycle

Service recipients: Project company, Social capital party, Construction party

Service dimensions: Pre-event, Construction period, Operation period, Exit period

Service Outcome: Integrated Model for Tax Burden, Profit, Cost and Capital Calculation in Urban Renewal Projects and Calculation Analysis Report

For different urban renewal projects, for different tax-related service entities, the tax-related economic transactions that occur are measured using a four-in-one indicator system including tax burden, profit, cost, and capital center. Comprehensive consideration is given to the ultimate tax and financial control goals of the service entities, and the optimal tax burden, profit, cost, and capital targets for the service entities are determined. A complete four-in-one calculation model is formed. As the project progresses, when relevant basic data changes in the later stage, by modifying the relevant basic data in the tax calculation model, the four-in-one calculation can be updated automatically.

At the same time, based on the results of the comprehensive tax and finance target calculation and analysis, it helps service entities determine the ultimate goal of project tax and finance management, and analyzes the next tax planning direction for the service entities.

Project Full Life Cycle Tax Planning

Service recipients: Project company, Social capital party, Construction party

Service Outcome: Comprehensive Tax Planning Report for the Urban Renewal Project throughout the Entire Cycle

Based on the different implementation models and entities of urban renewal projects, we will sort out the economic business contents, tax preferential policies, and tax risks at each stage of project implementation for tax planning. This will help the service entities save tax costs and capital costs, reduce tax burdens and capital interest rates, avoid tax-related business risks of the enterprises, and help the service entities achieve comprehensive efficiency gains.

Service recipients: Project company, Social capital party, Construction party

Service Outcome: Tax and Finance Guidance Manual for Urban Renewal Projects

For different urban renewal projects, we will analyze the accounting methods adopted by different service entities at different stages, and guide these entities to conduct accounting in accordance with the "Enterprise Accounting Standards"; for the applicable tax policies for this project, we will provide practical guidance.

Service recipients: Project company, Social capital party, Construction party

Service Content: Depending on the different implementation models and entities of urban renewal projects, the implementation will be carried out through a combination of online and offline methods. The specific implementation methods include: maintaining timely communication and responding to consultation questions online; organizing regular offline symposiums to coordinate with various service entities and business departments, understand the operation progress and situation, and solve operational problems; organizing regular training on policies and practical operations; inviting experts from urban renewal projects to share management experience offline.

Service Outcome: Comprehensive Tax Consultation Issue Compilation Manual (Pre-construction phase, Construction phase, Operation phase, Handover phase)

During the operation of urban renewal projects, there are relatively numerous departments (both internal and external) involved. For some projects, the entire process is long and complex, and the knowledge areas involved are relatively extensive, including industries, finance, land, investment and financing, etc. The application of relevant policies, the control and organization of operation processes, and the requirements for tax and finance are very high. Through professional services, we assist enterprises in reducing tax risks and reasonably enjoying relevant preferential policies.

Service recipients: Project company, Social capital party, Construction party

Service Content: Based on the different implementation models and entities of urban renewal projects, we uniformly plan and coordinate the annual enterprise income tax settlement and reconciliation work. We review the occurrence of each item of the profit total, including operating income, operating costs, taxes and surcharges, selling expenses, management expenses, financial expenses, impairment losses on assets, fair value changes gains, investment income, and relevant tax-related economic business contracts and tax incentives, to confirm the amount of tax adjustments, fill in the tax return form, and issue a review report.

Service Outcome: Annual Enterprise Income Tax Settlement Report for Urban Renewal Project

Service recipients: Project company, Social capital party, Construction party

Service Content: Based on different implementation models and entities of urban renewal projects, conduct on-site investigations for annual comprehensive tax compliance health checks. Communicate with the service entities about their daily tax work, review tax-related economic business contracts and related evidence materials; Communicate and confirm with the service entities and local tax authorities regarding tax types and tax rates of the service entities; Conduct healthy tax compliance calculations for tax-related economic businesses and communicate and exchange with the service entities, proposing corresponding risk avoidance suggestions for tax-related business.

Service Outcome: Annual Tax Health Check Report for Urban Renewal Project

Service recipients: Project company, Social capital party, Construction party

Service Outcome: Implementation Report on Tax Planning for Urban Renewal Project

Based on the different implementation models and entities of urban renewal projects, conduct a survey on the resolution of tax-related issues in the early stage and the implementation of tax planning matters; understand the current tax-related issues and propose planning solutions; and put forward risk avoidance suggestions for tax-related risks in the future period.

Service Object: Project Companies

Service Content: For project companies of different urban renewal projects (government-led, market-led, multi-party cooperation, etc.), in accordance with the national tax regulations and policies, plan for project companies to meet the conditions for VAT input tax carryforward rebate; communicate with the local tax authorities of the project company's location to understand the implementation status of the local VAT input tax carryforward rebate policy, and based on the VAT input carryforward tax amount of the project company, provide tax rebate services to the project company.

Service Outcome: VAT Carryforward Tax Rebate Service for Urban Renewal Projects

Service Target: Project Company, Social Capital Party

Service Content: Writing of financing feasibility study reports for urban renewal projects, including: regional advantages of the project, advantages of all parties, industrial introduction, financing plan, repayment path, investment boundaries and cooperation model, etc. Through data comparison and calculation of different financing plans, the optimal plan is selected to reduce the financing cost of the enterprise.

Service Outcome: Feasibility Study Report for Urban Renewal Project Financing

Service Target: Project Company

Service Content: Tax Disputes

For tax disputes arising from the tax collection and payment process between taxpayers and other tax parties and the tax authorities, assist enterprises in conducting tax-party communication, and write the tax-related documents required in the tax-party communication to resolve the dispute matters.

Service Outcome: Tax Dispute Resolution

The urban renewal project service products provided by Tianyang's professional service team are based on national tax and finance policies, are reasonable and compliant, and can reduce tax-related business risks.

During the tax service process for urban renewal projects, a professional team conducts on-site implementation. The initial draft is reviewed by the company's business director, and then rechecked by the company's quality control department to ensure the quality of the submitted results.

Tianyang has a professional technical service team that can provide tracking services for all aspects of tax-related business in urban renewal projects. From pre-sales to service delivery, the team conducts systematic and personnel-based tracking and response throughout the process.

The Tianyang professional technical service team strictly adheres to the confidentiality agreement during the service of urban renewal projects, protecting the privacy and security of economic data, and providing all-round support with safety and reliability.

Through a comprehensive analysis of tax burden, capital cost, profit, and other factors, we identify the tax-related business contents that can be planned at each stage of the urban renewal project and the available tax policies. We determine the optimal indicators for the four aspects of tax burden, capital cost, profit, and cost, which brings value to the enterprises by saving their operating costs.

By organizing all-round business matters, providing tax planning suggestions and risk response recommendations, and through tax-related business planning and risk prevention, we achieve efficiency improvement and profit creation. At the same time, we guide business personnel to operate in compliance and fully enjoy tax preferential policies, thereby creating economic value for the entire enterprise.

Help enterprises actively communicate with various business entities and the competent tax authorities, analyze the tax control points of urban renewal projects, strive for a lower comprehensive tax rate, promptly grasp the latest changes in tax policies, and coordinate the relationship between the clients and the tax authorities.

By inviting authoritative experts and scholars in the field of urban renewal policy, renowned global companies and large domestic enterprises' experienced senior managers, senior experts from Beijing Jiaotong University, experts from the National Taxation Cadre Training Institute of the State Taxation Administration, and senior experts from consulting firms, a powerful teaching team is formed to conduct specialized training that integrates theory and practice for personnel at different levels of the enterprise.