Tax

Tax authorities across China are strengthening transfer pricing regulations. They are now enforcing the collection of contemporaneous documentation and foreign companies must ensure they prepare these by the deadlines issued

Tax exemption for foreign-invested R&D centres clarified.

Tianjin exempts tax on sale of vessels to foreign lessees.

Though new measures provide clarifications about R&D centre eligibility requirements for equipment tax benefits, investors should pay attention to several issues

The Circular clarifies matters relating to the exemption of import taxes on articles imported by foreign-invested research and development centres for scientific and technological development purposes and the refund in full of the value-added tax on Chinese-made equipment procured by them.

A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency

A new tax circular bolsters the administration on representative offices. This will ensure greater tax compliance and shake them out of complacency

Shanghai encourages the development of alternative energy.

Counsel are again highlighting the importance of two recent changes in Chinese law: the PRC's new tax Circular 698, and the Supreme People's Court's…