“Reasonable wages and salaries” defined for enterprise income tax purposes.
Avoidance of double taxation for Chinese enterprises investing overseas.
50% of research and development expenses can be deducted before tax.
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.