Tax

SAT clarifies enterprise income tax treatment for hybrid equity and debt investments.

VAT reform expanded to the whole of China.

An Announcement from the SAT finally clarifies whether VAT should be included in the tax base for withholding tax levied on non-resident enterprises

SAT clarifies the income tax issue of non-tax-residents involved in China's VAT reform.

The rate at which expenditures and expenses that arise from the handling of cases are deducted from the shared revenue of lawyers shall be revised from the current rate of up to 30% of the shared revenue received by a lawyer for the month in question to up to 35%.

Industrial enterprises may be subject to consumption tax.

The dividend tax reduced to encourage investors to hold shares for the long term.

Articles 64, 65 and 69 of the Rules have been revised according to a State Council decision, removing the wordings concerning costs incurred from seizure, sealing up or custody of property.

The VAT Programme has expanded rapidly since it started in Shanghai this year. For the first time, it allows companies to offset taxes when using external service providers. Lawrence Hu considers how tax reform affects companies