Sat sets forth clear guidelines for separating PRC and non-PRC revenues of non-tax-residents.
June 18, 2010
Tax
The Measures state that assessment of taxable income of non-tax-resident enterprises shall be based on total revenue, costs and expenses, or revenue converted from operational expenditures.
June 18, 2010State Council delegates approval of foreign investment to lower level authorities.
May 13, 2010Tax authorities across China are strengthening transfer pricing regulations. They are now enforcing the collection of contemporaneous documentation and foreign companies must ensure they prepare these by the deadlines issued
May 13, 2010Tax exemption for foreign-invested R&D centres clarified.
May 13, 2010Tianjin exempts tax on sale of vessels to foreign lessees.
May 13, 2010Though new measures provide clarifications about R&D centre eligibility requirements for equipment tax benefits, investors should pay attention to several issues
May 13, 2010The Circular clarifies matters relating to the exemption of import taxes on articles imported by foreign-invested research and development centres for scientific and technological development purposes and the refund in full of the value-added tax on Chinese-made equipment procured by them.
May 13, 2010A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency
April 16, 2010A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency
April 15, 2010