Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.
September 12, 2012
Tax
A 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, 2012For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.
September 12, 2012Set of tax policies issued to encourage private investment in various sectors.
September 11, 2012VAT reform extended to eight more provinces and cities.
September 11, 2012China might delay implementing its new Value Added Tax rules until October
June 15, 2012Beijing 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
June 08, 2012Clarification on the pre-tax deduction of business entertainment expenditures for the enterprise preparatory period.
May 31, 2012Draft measures to impose a floating profit tax on limited partnership private equity funds have been strongly criticised by economists and investors
April 27, 2012