Tax

@font-face { font-family: "Times New Roman"; }@font-face { font-family: "Heiti TC Light"; }@font-face { font-family: "MHeiGB5-Xbold"; }@font-face { font-family:…

By Markus H Wanger, WANGER Law & Trust

A recent notice provides clarity on what activities of a Permanent Establishment are subject to taxation. This should prompt foreign businesses to re-evaluate their set-up structure

Instead of easing difficulties, recent tax reforms have increased the tax liabilities and burdens of enterprises providing consulting services

The Chinese authorities have released a new circular that relaxes the recognition criteria for advanced technology service enterprises (ATSEs)

Local education surcharge standardised.

When an enterprise derives revenue from the transfer of property, etc., it shall include all of the revenue in the year that is recognised to be the year in which such revenue is derived.

Tax should be paid in one year for income derived from property transfer.

FIEs required to pay urban maintenance and construction tax and education surcharge from December 1 2010.