If a Representative Office has unsound account books, fails to accurately account for its revenues or costs and expenses, or fails to make accurate filings, the tax authority shall have the authority to determine its taxable income.
April 16, 2010
Legal
The Circular states that the technical service activities relating to the transfer of use rights to proprietary technology shall be deemed as part of the transferred technology.
April 16, 2010The Measures specify the criteria for establishing a financing security company. The minimum registered capital may not be less than Rmb5 million.
April 16, 2010The Provisions set forth the procedures and requirements for registration of establishment, amendment of registration and de-registration of foreign-invested partnerships.
April 16, 2010At Asialaw's In-house Counsel Summit in Hong Kong on March 17 2010, Danone's Asia-Pacific general counsel David Flavell reviewed recent trends in target due diligence practices
April 16, 2010A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency
April 16, 2010A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency
April 15, 2010CBRC sets out certeria criteria for a commercial bank to take an equity interest in an insurance company.
March 11, 2010National legislation AccountingImplementing Regulations for the PRC Audit Law (Revised)中华人民共和国审计法实施条例 (修订)L3120/10.02.11 Regional…
March 11, 2010Accounting treatment of hybrid insurance contracts clarified.
March 11, 2010