Tax

Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?

How a foreign investment is structured as a legal entity in China requires careful consideration as there are different implications and different tax benefits. One of our contributors looks at the implications of company structure for the IT industry.

National LegislationConstitution and Legal SystemMinistry of Justice Announcement No.19 (115 China Representative Offices of Foreign Law Firms Approved…

China's civil aviation sector looks set to grow considerably in the coming years as tourism expands and amid general economic expansion. The authors take a close look at China's airlines and the prospects for the industry as a whole.

Issued: July 9 2003Effective: July 1 2003Applicability: The Circular applies to all types of domestically invested property development enterprises and…

Most analyses of China's WTO commitments haven't shed much light on how the challenge of implementing the sweeping reforms necessary will be accomplished. Nor, the author argues, do they address the fundamental issue of whether PRC government structure is even up to the task.

Issued: May 19 2003Main contents: The Circular states that special inspections will be carried out on payment of enterprise income tax and business tax…

Issued: May 29 2003Effective: January 1 2003Main contents: The Circular clarifies some issues arising from the implementation of the Several Policy Issues…

Issued: July 9 2003Main contents: The Official Reply clarifies that foreign-invested enterprises that have already enjoyed periodic tax reductions and…