Tax

The new Law raises individual income tax threshold to Rmb3,500.

An internal notice from the foreign exchange regulator creates more difficulties for foreign-invested holding companies wanting to reinvest their dividends in China

Foreign income of high and new technology enterprises also enjoys 15% preferential tax rate.

The tax authority continues to ramp up its manpower for transfer pricing-related audits

Tax should be withheld from rent income of non-tax-residents without an establishment.

The Announcement clarifies six income tax issues of non-tax-resident enterprise including: issue of withholding enterprise income tax on payable but unpaid income and issue of levy of tax on income derived from the assignment of land use rights.

Tax exemption of software design enterprises extended to entrustment of processing.

The Announcement allows tax exemption, setoff and refund of tax of integrated circuit design, software design and animation design enterprises to be extended to entrustment of processing.

SAT checks on investment income of high-income earners.