By way of paying excessive interest to its affiliated party, a company can reduce its income and thus avoid paying much tax which it has to otherwise. In order to prevent such tax avoidance, the amount of interest exceeding 50% of taxable income will be not deductible. The rule is named as "excessive interest expense taxation": Applicable period: applied to companies whose fiscal year starting on or after April 1, 2012.
Reanda International Network Limited, a Hong Kong limited company wholly owned by Reanda International Investment (Beijing) Company Limited, a PRC limited company, collectively known as Reanda International. Network firms of the Reanda International Network, including both member firms and correspondent firms, are affiliated with Reanda International, each of which is a separate legal entity and does not act as agent of Reanda International or any other member firm. Reanda International and each member firm are liable only for their own acts or omissions and are not responsible for the activities or services of any other. Reanda International provides no client services. All rights reserved.
利安达国际网络有限公司为利安达国际投资（北京）有限公司（一家中国有限公司）的全资香港子公司（与其他有关附属机构合称为「利安达国际」）。利安达国际之网络所，包括成员所和联系所，均为独立法律实体，不代表利安达国际或任何利安达国际其他网络所。利安达国际及各网络所对各自的行为、疏忽或遗漏不承担任何责任。利安达国际不向客户提供任何服务。利安达国际保留一切权利。
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