SAT clarifies the income tax issue of non-tax-residents involved in China's VAT reform.
March 26, 2013
Tax
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%.
January 24, 2013Industrial enterprises may be subject to consumption tax.
January 10, 2013The dividend tax reduced to encourage investors to hold shares for the long term.
December 07, 2012Articles 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.
November 28, 2012The 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
November 13, 2012Advertising expenditures of cosmetic, pharmaceutical and beverage enterprises may be deducted against 30% of their sales revenues.
October 04, 2012Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.
September 12, 2012A new Announcement has lowered withholding tax in China, but foreign companies still need to comply with strict regulations from the State Administration of Foreign Exchange
September 12, 2012If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.
September 12, 2012