Tax

• Ministry of Finance and State Administration of Taxation, Circular on Tax Issues Relevant to the Restructuring of Branches of Foreign Banks into Wholly Foreign-owned Banks

  财政部、国家税务总局关于外国银行分行改制为外商独资银行有关税收问题的通知

  Tax issues clarified in the restructuring of foreign-invested banks.

  April 02, 2007

• PRC Enterprise Income Tax Law

  中华人民共和国企业所得税法

  Enterprise income tax rate for both FIEs and domestic companies set at 25%.

  April 02, 2007

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGMeasures for the Administration of Professional Risk Funds of Accounting Firms会计师事务所职业风险基金管理办法L3100/07.03.01ADVERTISING…

  April 02, 2007

• State Administration of Taxation, Circular on the Investigation of Tax Payment of Foreign-invested Enterprises and Foreign Enterprises Responsible for One Single Function of Production

  国家税务总局关于调查承担单一生产功能外商投资企业和外国企业纳税情况的通知

  FIEs with one single production function under tax investigation.

  April 02, 2007

• PRC Enterprise Income Tax Law

  中华人民共和国企业所得税法

  This law aims to unify tax treatment among foreign invested enterprises and domestic enterprises through a unified tax rate and corporate income tax system.

  April 02, 2007

• A Uniform Corporate Income Tax Rate Comes to China

  By Winston Zhao and Liming [email protected]; [email protected] new PRC Enterprise Income Tax Law (中华人民共和国企业所得税法)was…

  April 02, 2007

• Interpreting the New Enterprise Income Tax Law

  The new Enterprise Income Tax Law will take effect on January 2008. What changes should be expected by foreign investors?

  April 01, 2007

• Foreign and domestic companies now under the same tax code

  The Unified Corporate Income Tax (CIT) was passed in March 2007, ending nearly three decades of tax breaks for foreign investors and bringing both foreign…

  February 28, 2007

• Foreign and domestic companies now under the same tax code

  The Unified Corporate Income Tax (CIT) was passed in March 2007, ending nearly three decades of tax breaks for foreign investors and bringing both foreign…

  February 28, 2007

• State Council, Decision on the Amendment of the «PRC Tentative Regulations on Urban and Rural Land Use Tax»

  国务院关于修改《中华人民共和国城镇土地使用税暂行条例》的决定

  Foreign enterprises, among others, must pay the appropriate amount of land use tax.

  February 28, 2007