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.
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By Markus H Wanger, WANGER Law & Trust
A recent notice provides clarity on what activities of a Permanent Establishment are subject to taxation. This should prompt foreign businesses to re-evaluate their set-up structure
Instead of easing difficulties, recent tax reforms have increased the tax liabilities and burdens of enterprises providing consulting services
The Chinese authorities have released a new circular that relaxes the recognition criteria for advanced technology service enterprises (ATSEs)
Local education surcharge standardised.