Tax

VAT rates are lowered for import and export

Residency rules clarified for individuals without a residence in China

David Liu and Tianxiao Jin of FuJae Partners examine the major amendments to the Individual Income Tax Law, its Implementing Regulations and new supplemental tax circulars, and their impact on expatriate taxpayers

Daisy Duan, partner, and Linlin Cao, senior associate, at King & Wood Mallesons examine the expanded scope of new regulations on tax deferral for qualified foreign investments in the PRC and also compare the differences between the old and new requirements

Venture capital firm partners may pay tax on an investment fund basis

The auto purchase tax rate remains the same

Foreign partners may enjoy tax agreement benefits

New tax deferral policy clarified

Limits on maximum amounts of e-commerce retail import purchases are raised