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6th November, 2014
Cai Shui [2012] No.39 specifies the measures to apply for the VAT refund for exported goods and services, and the computational formulas to compute and …
6th November, 2014
To deduct Input VAT, the taxpayer must have the requisite withholding certificates, i.e. special VAT invoices obtained from the seller or tax certificates obtained from …
6th November, 2014
Not all input VAT is deductible. Some examples of Input VAT that are deductible are: • The amount of Input VAT printed on …
6th November, 2014
Yes, otherwise VAT refunds will not be available to the taxpayer. Therefore, when a buyer returns goods, the taxpayer must ensure that the special VAT …
6th November, 2014
Generally, any Chinese entities, including foreign invested enterprises (“FIEs”) or establishments of foreign enterprises, specially engaged in the business of Loaning and Financing should obtain …
6th November, 2014
The withholding tax rate is 10 % for all interest, rentals, royalties and other income of foreign enterprises. Interest income received by FIEs in China …
6th November, 2014
During the start-up period, interest on borrowing for establishment or construction should be treated as capital expenses. It can be included in the original price of …
6th November, 2014
The most important tax exemptions are interest on government bonds. The interest received from government bonds by foreign enterprises or FIEs are exempt from income …
6th November, 2014
Transfer pricing is the pricing of goods, services and intangibles and the making of other payments between companies that are commonly owned or controlled across …
6th November, 2014
Transfer pricing in China is governed by the Income Tax Law, and The Law Concerning the Administration of Tax Collection. Furthermore, the State Administration …