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News & Events
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China’s New Exit-Entry Law and Implementing Regulation
12th December, 2013
Introduction As a result of the deliberations of the standing committee of the National People’s Congress on June 30th 2012, a new exit-entry law came …
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Update on China Secondment Arrangements
2nd August, 2013
Background Expatriate secondment arrangements have been very common for companies that have operations in China. Under such arrangements, the foreign (Home Entity) seconds their employees …
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Managing Bribery Risk
22nd July, 2013
The Environment Entities operating in China have long dealt with China’s tradition and culture of gift giving and favor exchange. Coupled with a reputation that …
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Foreigners and Taxation in China
8th July, 2013
Recently, there have been 3 changes to Chinas tax administration, the impact of which foreigners should be aware of. Broadly, these changes are to: the …
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LehmanBrown regulation updates on VAT consolidated filing
17th April, 2013
Consolidated VAT filing requirements The Ministry of Finance (“MOF”) and the State Administration of Taxation (“SAT”) jointly issued circular Caishui [2012] No. 84, i.e. “Provisional …
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New IIT regulation
22nd July, 2011
China Raises Individual Income Tax Threshold to 3500yuan and the new edition of individual income tax law shall come into effect on 1st September 2011. …
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New Stipulation on Invoice Chop Took Effect
20th May, 2011
According to the Measures of the PRC on the Administration of Invoices promulgated by the State Council on December 20, 2010, effective from February 1, …
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China’s New National Security Review Procedures for Mergers and Acquisitions Involving Foreign Investors
18th March, 2011
In the Circular on Establishing the Security Review System for Mergers and Acquisitions of Enterprises within China involving Foreign Investors (“Security Review Circular”) dated 3 …
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The First Chinese Annual Advance Pricing Report Released
11th February, 2011
The State Administration of Taxation (“SAT”) issued the Chinese first annual advance pricing report (“APA”) titled “China Advance Pricing Arrangement Annual Report (2009) (“APA Report) …
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Important stipulations in New Regulations
18th January, 2011
On November 11 2010, the Beijing Municipal Commission of Commerce issued Notice on the Examination and Approval of the Contract, AOA and Changing Items for …
