1. YING LI
PHONE: 136-0517-0310 EMAIL: nikki_326@hotmail.com
Name: Ms. Ying Li
Current Place: PwC Tax
Career Objective
Preferred job title: Tax Manager / Tax Supervisor
Professional life: 4 Years Title: Senior Associate
Job type: Full time
Expected salary: Rmb300K to Rmb350 K per annum
Brief Self-introduction
With over 4 years’ working experience in mainland China, I have witnessed and participated in
the extraordinary development of the China M&A markets. With this direct and relevant
experience, I understand the first-hand the tax and financial aspects of M&A transactions over
different industries.
I am familiar with the issues which arise in the different kinds of deals within various industries,
including the real estate, manufacturing industry products, media and entertainment, retailing
and distribution industries. I am also familiar with the PRC tax environment and how
governing policies are interpreted from a practical point of view. Moreover, I hold up to date
and relevant knowledge on cross-border acquisitions/ restructurings, other company
restructurings and evaluation of exit options.
Work experience
Company's name: PricewaterhouseCoopers Consultants (Shenzhen) Ltd., Shanghai Branch
Begin and end date: 2011-10 to present
Job Title: Associate / Senior Associate
Job description: Responsible for the overall work of the tax consulting/compliance
projects, report to project manager.
Detailed content of work
Tax due diligence service

2.  Evaluation of present tax situation - Assess the tax environment, tax reporting function
and the general tax compliance status through discussion with the management;
 Corporate Income Tax (“CIT”) analysis - Review annual CIT reconciliations with a view
to identify potential irregularities in the deductions and adjustments under the
prevailing PRC tax laws and regulations. Evaluation of the tax loss carry forward /
deferred taxes;
 Value-added Tax (“VAT”) analysis – Review VAT returns and the business model, and
analyse the VAT reporting function, with consideration on sales reporting and different
trade models (e.g., domestic and export sales);
 Withholding Tax (“WHT”) compliance – Understand the cross-border transactions
carried out by the Target entity (e.g. royalty, interest, service fee, etc.), if any, and assess
the WHT compliance status;
 Stamp duty- Review tax filing status of stamp duty and assess the compliance status;
 Tax incentives – Review major preferential tax treatment, in particular for High-and-
New-Technology Enterprise status to assess whether they are properly supported and
sustainable post deal;
 Information about transfer pricing between related parties - Review related parties
transactions and identify significant tax risks in the pricing of the transactions (excluding
a benchmarking study).
 Identify and comment unresolved disputes or negotiations with tax authorities, if any,
through discussion and review of the relevant correspondence and information of
existing tax rulings;
 Highlight significant tax exposures identified and identify areas where tax warranties
and indemnities should be obtained.
Post-deal Tax Structuring Service
 Comment on post-deal tax implications on dividend repatriation between PRC entities
and offshore shareholders in different tax jurisdictions, e.g. HK, BVI, Cayman;
 Comment on post-deal tax implications on interest payment due to debt posh-down (e.g.
shareholder loan and etc.) from PRC entities and offshore shareholders in different tax
jurisdictions, e.g. HK, BVI, Cayman;
 Comment on post-deal tax implications on service fee payment from PRC entities to
offshore related parties in different tax jurisdictions, e.g. HK, BVI, Cayman;
 Comment on post-deal tax implications on royalty fee payment from PRC entities to
offshore related parties in different tax jurisdictions, e.g. HK, BVI, Cayman;
Tax Planning Service
 Review of the planned transactions from a Chinese tax perspective and highlight
applicable Chinese tax implications given the planned deal structure.
 Comment on direct tax and indirect tax implications for the planned equity deal and
asset deal;
 Comment on the applicability and practical likelihood to achieve preferential tax
treatments; and
 Provide a rough sample calculation of potential tax impacts for reference purposes
based on values and estimations provided by Client.

3.  Advise on potential planning opportunities within the planned deal structure to optimize
Chinese and German tax implications.
 Introduce potential practical alterations of the planned deal structure which may
reduce or postpone Chinese and German tax impacts, e.g. with regard to the order of
the planned transactions or additional collateral arrangements;
 Comment on the Chinese tax implications of such alterations and highlight potential
pros and cons; and
 Provide a rough sample calculation of the tax saving potentials.
 Explore alternative deal structures with a consideration to lower the potential tax cost
and highlight the pros and cons comparing with proposed deal structure, if any.
Tax reporting on indirect equity transfer of PRC entities (“PN7 reporting”)
 Obtain and analyse the information and documents in relation to the entities within the
indirect equity transfer;
 Analyse and assess the potential PRC tax risk of indirect equity transfer of PRC entities
based the factors and conditions prescribed in PN7 as well as the potential PRC tax
implications for offshore entity;
 Explore alternative deal structure options (if any) and recommended course of action(s)
to reduce and manage the related PRC tax risks;
 Prepare/ review the reporting documentation for offshore seller as required by PN7
(“PN7 filing package”) including a memo summarising the key details of the transaction,
the share purchase agreement and other prescribed documents, including a Chinese
translation of the key terms of the share purchase agreement;
 Assist in the withholding tax filing process, if applicable;
 Address the questions raised by the in-charge tax bureau and provide technical support
on any follow-up questions the in-charge tax authorities may have;
 Assist in obtaining the Tax Payment Certificate upon payment of tax, if applicable.
 Arrange conference call / emails to update the progress throughout the process.
Tax Compliance Service
 Review the draft monthly VAT return, quarterly CIT return and annual CIT return,
together with the Related Party Transaction Form;
 File monthly VAT, quarterly and annual CIT on behalf of Client;
 Work with the Client and the audit team to understand the expense nature and clarify on
the tax adjustment during the annual filing period;
 Go through the detailed the adjustment with the Client and assist the Client to reply the
concerns or questions raised by the in-charge tax bureau.
Cross-Border Service Remittance
 Review the service agreements between Client’s onshore and offshore entities as well as
other supporting documents from PRC tax perspective;
 If necessary, discuss with management from onshore client entities on details to better
understand the service arrangement and remittance plan;

4.  Comment on the PRC tax and foreign exchange implications (e.g. Business Tax, VAT and
CIT) on the service fee remittance based on our review and discussion above;
 Discussion with the tax bureau to confirm the tax position for the service fee remittance
and try to negotiate with the tax bureau to reduce the tax cost as much as possible;
 Preparation of relevant tax registration documents / tax filing calculation / returns and
tax clearance application package;
 Accompany client’s onshore entities to submit the application package and perform tax
filings with the in-charge tax authorities to obtain the Tax Clearance Certificate;
 Follow up with the approval status, address the tax officials’ further queries and collect
the Tax Clearance Certificate issued by the in-charge tax bureau.
Education
Arizona State University, Tempe, AZ May 2010
Master of Accountancy, W. P. Carey School of Business Cumulative GPA: 3.20
 Relevant coursework: Advanced Financial Accounting, Taxes and Business Strategy,
Advanced Auditing, Information Security（COSO, etc）, Professional Accounting
Research, Shareholder Value Creation
Southeast University, China July 2008
Bachelor of Science, Business Administration Cumulative GPA: 3.49
 Received the 2007 Three-Merit Student Award
 Won first prize in the university’s 2005 English competition