A total of 296 SIP-based enterprises have made overseas investment of $6.185 billion in 55 countries and regions, according to the latest statistics. The enterprises’ successes overseas cannot be separated from a series of measures that SIP Tax Bureau has taken over the past few years to help local enterprises go global.

In one move, the bureau put together in 2013 a team of experts on economics, finance and foreign language to study and translate international tax laws and policies and help enterprises know better about and benefit from them. Last year, the expert team helped 63 local enterprises enjoy RMB 27 million of tax breaks in their overseas operations.

In another move, the bureau has been in partnership with Gold Mantis Group to tailor tax solutions for enterprises with investment overseas so that they can gain more profits with less cost.

Recently, the bureau is pushing on a program across SIP to offer enterprises lectures on tax policies in countries and regions covered by China’s Belt and Road Initiative and solutions for related tax issues. In events under the program, the bureau also handed out magazines it compiled and brochures with answers to a list of common tax-related questions to the participants.