Tax

Advertising expenditures of cosmetic, pharmaceutical and beverage enterprises may be deducted against 30% of their sales revenues.

Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.

A new Announcement has lowered withholding tax in China, but foreign companies still need to comply with strict regulations from the State Administration of Foreign Exchange

If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.

For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.

Set of tax policies issued to encourage private investment in various sectors.

VAT reform extended to eight more provinces and cities.

China might delay implementing its new Value Added Tax rules until October

Beijing is set to follow from Shanghai's VAT pilot programme as early as July 1, but it is unclear how closely the city will follow Shanghai's example