Tax

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.

Tax deductions made easier for VC partners.

The Circular expands the scope of super-deduction of research and development expenses.

New rules expand tax super-deductions to all R&D-related expenses including outsourcing fees and simplify guidelines with a negative list. Companies no longer need approval and can expect fewer negotiations with authorities

Tax breaks for technology transfers expanded to the whole of China.

Tax breaks for technology transfers expanded to the whole of China.

China has double tax agreements with more than 100 countries that MNCs can use to reduce – or even eliminate altogether – local withholding and enterprise income taxes. Here is how MNCs can qualify and cut costs

This article is from the Tax chapter of the 2015 Annual Review and is available for download here.Cheng (Ron) Ma of Jingtian & Gongcheng highlights…