Tax

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

Reform to China's VAT system began in Shanghai earlier this year. Companies can now offset VAT from services used in Shanghai, relieving their tax burden

Pre-tax allocation of lease financing receivables allowed for financial enterprises.

Pre-tax allocation of loan loss reserves for lease financing receivables allowed for financial enterprises.

Business tax is levied on transfer of natural resource use rights.