Cost sharing agreements need to be filed with the tax authority.
July 09, 2015
Tax
Tax relief procedures simplified.
June 18, 2015Issued: June 10 2015Main contents: The Draft replaces pollutant discharge/emission fees with the environmental protection tax on the strength of a law.…
June 16, 2015Administration of the levying of taxes may only be provided for in laws.
April 29, 2015Enterprises enjoy tax breaks for investment in Western China.
April 29, 2015The tax authority may proceed with an adjustment for any expenses paid to an overseas affiliate not in compliance with the arm's length principle.
April 02, 2015China'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
March 30, 2015Inward investors have expressed concern about proposals that China will levy a 10% capital gains tax on profits earned by foreign investors, with no opportunity to deduct for losses. While some tax advisers welcomed the clarity, some funds may struggle to pay the higher-than-expected tax bills on gains earned over five years between 2009 and 2014
March 18, 2015In a strong indication of its growing commitment to enforcing tax compliance, China's State Administration of Taxation released updated indirect transfer rules to replace Notice 698. professionals say the more stringent tax rules, which include safe harbour regulations, withholding tax obligations of the buyer, and clarifications of reasonable commercial purpose, are both welcome and concerning
February 12, 2015After ten years, a regulatory framework has now been put in place for QFII and RQFII income tax. Investors must pay taxes for gains made before November 17 last year and should consult with authorities to verify calculation methods
January 13, 2015