The new Deed Tax Law uniformly increases the deed tax rate, the time to pay urban maintenance and construction tax is specified and more flexibility is allowed in infrastructure investment of REITS.
August 14, 2020
Legal
Recent reforms to the U.S. foreign investment review body's powers have contributed to a sharp drop in outbound Chinese investment to the U.S.
August 14, 2020China fosters local chipmakers with tax breaks
August 14, 2020Food labeling rules are revised to handle new marketing activities
August 14, 2020Trump issues executive orders barring transactions with WeChat, TikTok after 45 days; U.S. officials recommend delisting non-compliant Chinese firms by 2022; China introduces tax, investment incentives for domestic chipmakers
August 10, 2020Insurance companies' allocation of equity assets is subject to oversight according to their solvency
August 07, 2020Foreign bank branches may engage in fund custody business
August 07, 2020Integrated circuit production enterprises may enjoy up to 10 years of tax exemption. Regulatory policy for alternative energy vehicle manufacturers is relaxed. Food labeling rules are revised to handle new marketing activities.
August 07, 2020Daisy Duan, Wang Yan, Chen Yijing and Sun Huanyu of King & Wood Mallesons discuss the newly announced individual tax policies and how it provides clarification on foreign income especially in relation to foreign tax credits, tax filing and cross-border secondments. They also provide suggestions on how to reduce compliance risk in light of the new tax policies
August 07, 2020Chinese companies that fail to have their audits inspected face the threat of delisting
August 06, 2020
