Tax

Purchases from foreign websites subject to higher import tax rates

Purchases from foreign websites subject to higher import tax rates

Deed tax and business tax lowered for real estate transactions.

Deed tax and business tax lowered for real estate transactions.

SAT does not allow pre-tax super-deduction of foreign commissioned R&D expenses.

SAT does not allow pre-tax super-deduction of foreign commissioned R&D expenses.

Income, business and stamp taxes clarified for mainland-Hong Kong MRF.

The SAT has granted further tax breaks for technology transfers including non-exclusive licensing, but MNCs aren't likely to take the chance of disclosing their IP in China

Technology transfer income clarified for tax break purpose.