The rate for pe-tax deduction of expenses for individual investors of partnerships raised.
July 09, 2008
Tax
Deed duty exempted for internal asset transfer
July 09, 2008The rate for the deduction of the expenses before individual income tax of the owners of family proprietorships and of investors in wholly individually-owned enterprises and partnerships is uniformly set at Rmb24,000 per year (Rmb2,000 per month).
July 09, 2008How do the Leading Lawyer nominations reflect the evolution of the legal system in China? China Law & Practice takes a closer look at the results, and speaks to the nominees about their areas of expertise. Hear from the experts what the future holds for China law.
July 09, 2008Return of leaseholds exempted from business tax.
June 02, 2008Foreign enterprises pay income tax according to the Gregorian calendar year.
June 02, 2008Stricter recognition standards for hi-tech enterprises.
June 02, 2008Transitional preferential tax treatment for hi-tech enterprises issued in view of the Enterprise Income Tax Law.
June 02, 2008The Measures set forth the criteria for recognition as a hi-tech enterprise. After obtaining qualifications as a hi-tech enterprise, the enterprise is entitled to tax reduction or exemption.
June 02, 2008Earlier this year the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation issued a circular containing new Measures on HNTE Recognition. These measures, along with a Catalogue of supported industries, detail HNTE recognition requirements and necessary administration procedures under the PRC Enterprise Income Tax Law.
June 02, 2008