Tax

• Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission, Circular on the Issue of Provisionally Exempting the Proceeds Derived in China by QFIIs and RQFIIs from the Transfer of Stocks and Other Such Equity Investment Assets from Enterprise Income Tax

  财政部、国家税务总局、中国证券监督管理委员会关于QFII和RQFII取得中国境内的股票等权益性投资资产转让所得暂免征收企业所得税问题的通知

  QFIIs exempted from income tax related to Shanghai-Hong Kong Stock Connect.

  December 18, 2014

• Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission, Circular on Tax Policies Relevant to the Pilot Project for the Mechanisms to Provide Mutual Trading Access Between the Shanghai and Hong Kong Stock Markets

  财政部、国家税务总局、中国证券监督管理委员会关于沪港股票市场交易互联互通机制试点有关税收政策的通知

  Investors in Shanghai-Hong Kong Stock Connect exempted from income tax and business tax provisionally.

  December 18, 2014

• Rolling out tax reforms

  Cheng (Ron) Ma of Jingtian & Gongcheng highlights the developments in VAT and double taxation treaties,explains withholding tax and predicts the next phase of reforms

  November 11, 2014

• Navigating the dangers of mergers – Guangdong Focus

  The merger process in China can be long and painful. This is primarily due to the lack of detailed implementing rules and un-reconciled discrepancies among governmental authorities

  September 10, 2014

• State Council, Guiding Opinions on Accelerating the Development of Production-type Service Industries to Promote Restructuring and Enhancement of the Industrial Structure

  国务院关于加快发展生产性服务业促进产业结构调整升级的指导意见

  Enterprises in the environmental sector are eligible for 15% tax rate.

  August 14, 2014

• Announcement on Issues Relevant to the Reporting of Information on Overseas Investments and the Income Thereof by Tax-resident Enterprises

  关于居民企业报告境外投资和所得信息有关问题的公告

  Tax-resident enterprises that hold 10% of shares of a foreign enterprise are required to report the relevant information to the tax authority.

  July 24, 2014

• Circular on the Policy of Levying Securities (Stock) Transaction Stamp Duty on the Transfer of Preference Shares

  关于转让优先股有关证券（股票）交易印花税政策的通知

  Stamp duty on preference share transactions set at 0.1%

  June 05, 2014

• Announcement on the Issue of Individual Income Tax on Sole/Family Proprietorships, Wholly Individually-owned Enterprises and Partnerships

  关于个体工商户、个人独资企业和合伙企业个人所得税问题的公告

  SAT revises the expense deduction amount for individual income tax of partnerships and proprietorships.

  May 29, 2014

• Ministry of Finance and State Administration of Taxation, Circular on Including the Telecommunications Industry in the Pilot Projects for the Levy of Value-added Tax in Place of Business Tax

  财政部、国家税务总局关于将电信业纳入营业税改征增值税试点的通知

  Telecom companies included in the VAT reform.

  May 13, 2014

• How law firms should prepare for the new VAT rules

  As one of the first taxpayer groups affected by the reforms replacing business tax with value added tax, law firms must adjust their engagement contracts, billing systems and compliance obligations

  April 23, 2014