Summary
- New companies need to consider tax compliance and tax planning matters from the moment they set up their business in mainland China
- Employees will be subject to individual income
Can You Explain the Tax Regime for New Companies in China?
Guo Yongmao of Haiwen & Partners discusses the various types of taxes under the PRC tax regime that new companies must consider when setting up a business in mainland China and highlights how tax impacts investors of a PRC company if they are foreign entities when considering dividends distribution, interest payment and transfer pricing
By
Susan Mok