Tax

Criteria lowered for recognition of HNTEs.

Water included in resource tax levy.

Import tax policy on cross-border e-commerce retail postponed.

China launches a nationwide VAT reform.

China rolls out VAT reform.

China's value-added tax rollout is now complete. This analysis maps the evolution of the PRC tax system over the past three decades and details what the 2016 Circulars has in store for the new regime

Purchases from foreign websites subject to higher import tax rates

Purchases from foreign websites subject to higher import tax rates

Deed tax and business tax lowered for real estate transactions.