New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.
The Circular addresses the issues of wages and salaries, total payroll, and deduction of employee benefit expenses.
The Shanghai government has announced a set of incentives to attract more multinational companies to establish their headquarters in the city. By Laura Yuan, King & Wood.
Luigi Bendi and Gianluca D'AgnoloChiomenti Studio [email protected], [email protected] tax (IRES)Taxable persons: All…
The Circular specifies the method for apportionment of taxable income among partners of partnerships.
The Measures define research and development activities and specify the super-deduction of the expenses incurred therefrom.
“Sale” and “for consideration” defined for consumption tax purposes.
Definition of services provided in the PRC that are subject to business tax clarified.
Levy of VAT clarified for mixed sales.