Tax

Individual income tax policy revised to encourage long-term stock investment.

Cost sharing agreements need to be filed with the tax authority.

Cost sharing agreements need to be filed with the tax authority.

Tax relief procedures simplified.

Issued: June 10 2015Main contents: The Draft replaces pollutant discharge/emission fees with the environmental protection tax on the strength of a law.…

Administration of the levying of taxes may only be provided for in laws.

Enterprises enjoy tax breaks for investment in Western China.

The tax authority may proceed with an adjustment for any expenses paid to an overseas affiliate not in compliance with the arm's length principle.

China's State Administration of Taxation (SAT) recently issued a notice regarding payments involving related offshore parties. China has openly declared its plans to crackdown on tax evasion, so the issuing of new regulations come as no surprise