Tax

Tax filing is not needed for domestic reinvestment of a foreign investor

Enterprise income tax treatment of cross-border hybrid investments is clarified.

MNCs are concerned about enforcement and the monitoring and verification requirements of the new national market

The Vietnamese government has tightened provisions surrounding national security and nominee transactions in its new foreign investment regime

Manufacturers are offered greater tax deduction on R&D expenses

Biden administration adds seven Chinese supercomputing entities to Entity List; SAMR issues record antitrust fine on Alibaba over market dominance abuse; and new measures released for Hainan free trade port

Daisy Duan and Wang Yan of King and Wood Mallesons look back at the key tax developments which took place in 2020, and consider the outlook for the coming year.

Calculation of resource tax on third party purchases is clarified

Hong Kong to allow certain overseas-listed Chinese companies with corporate weight voting rights to secondary list; China expected to grow at weakest pace in 44 years according to Reuters poll; and CFFEX approves equity index futures trading for qualified foreign investors