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.
SAT clarifies the tax issue on land assignment with an attachment.
A new regulation from the foreign exchange regulator has returned the right of foreign-invested holding companies to re-invest their dividends in China
Thresholds for levy of value-added tax raised.
Tax policy continued to encourage R&D institutions.
Thresholds for levy of business tax raised.
Employers hiring disabled persons may enjoy multiple VAT tax refunds.
Transport and logistics sectors benefit from the new VAT reform.
Ad valorem method used for calculation of resource tax for crude oil and natural gas.