Tax

If 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.

For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.

Set of tax policies issued to encourage private investment in various sectors.

VAT reform extended to eight more provinces and cities.

China might delay implementing its new Value Added Tax rules until October

Beijing is set to follow from Shanghai's VAT pilot programme as early as July 1, but it is unclear how closely the city will follow Shanghai's example

Clarification on the pre-tax deduction of business entertainment expenditures for the enterprise preparatory period.

Draft measures to impose a floating profit tax on limited partnership private equity funds have been strongly criticised by economists and investors

New regulations over import duty have stirred controversy over their impact on the price of luxury goods, but consumers have not realised their real impact