Tax

• Ministry of Finance and State Administration of Taxation, Circular on Issues Relevant to the Levy and Collection of Real Property Taxes on Foreign-invested Enterprises and Foreign Individuals

  财政部、国家税务总局关于对外资企业及外籍个人征收房产税有关问题的通知

  FIEs required to calculate property taxes in renminbi.

  March 17, 2009

• State Administration of Taxation, Circular on Issues Relevant to the Deduction of Wages, Salaries and Employee Benefit Expenses by Enterprises

  国家税务总局关于企业工资薪金及职工福利费扣除问题的通知

  “Reasonable wages and salaries” defined for enterprise income tax purposes.

  March 17, 2009

• State Administration of Taxation, Circular on Simplifying the Judgement of the Actual Tax Burden of the Country in Which a Foreign Enterprise Controlled by a Chinese Tax-resident Shareholder is Established

  国家税务总局关于简化判定中国居民股东控制外国企业所在国实际税负的通知

  Avoidance of double taxation for Chinese enterprises investing overseas.

  March 17, 2009

• State Administration of Taxation, Measures for the Administration of the Pre-tax Deduction of the Research and Development Expenses of Enterprises (Trial Implementation)

  国家税务总局企业研究开发费用税前扣除管理办法 (试行）

  50% of research and development expenses can be deducted before tax.

  March 17, 2009

• State Administration of Taxation, Circular on Issues Concerning Consolidated Tax Payment of Wholly Foreign-owned Banks that Operate in More than One Region

  国家税务总局关于跨地区经营外商独资银行汇总纳税问题的通知

  New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.

  March 17, 2009

• Circular on Issues Relevant to the Deduction of Wages, Salaries and Employee Benefit Expenses by Enterprises

  关于企业工资薪金及职工福利费扣除问题的通知

  The Circular addresses the issues of wages and salaries, total payroll, and deduction of employee benefit expenses.

  March 17, 2009

• Foreign companies welcome in Shanghai

  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.

  March 17, 2009

• Taxation on corporations in Italy

  Luigi Bendi and Gianluca D'AgnoloChiomenti Studio [email protected], [email protected] tax (IRES)Taxable persons: All…

  March 17, 2009

• Circular on Income Tax Issues of Partners of Partnerships

  关于合伙企业合伙人所得税问题的通知

  The Circular specifies the method for apportionment of taxable income among partners of partnerships.

  March 17, 2009

• Measures for the Administration of the Pre-tax Deduction of the Research and Development Expenses of Enterprises (Trial Implementation)

  企业研究开发费用税前扣除管理办法 （试行）

  The Measures define research and development activities and specify the super-deduction of the expenses incurred therefrom.

  March 16, 2009