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Insights e-Newsletter
New tax levies – Urban Construction & Maintenance Tax and Education Surcharge for foreign-related companies and individuals
On 18th October 2010, the State Council issued Guofa [2010] No. 35 entitled “Notice regarding unification of Urban Construction & Maintenance Tax (“UCMT”) and Education Surcharge …
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PRC Government Removes Export Refunds on 406 Items
On 22nd June 2010, China’s Ministry of Finance and the State Administration of Taxation announced that export VAT refunds for 406 items are to be …
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New Administrative Measures for VAT General Taxpayer Recognition
On 10th February 2010, China’s State Administration of Taxation (SAT) issued Decree [2010] No. 22 “Administrative Measures for Value Added Tax (VAT) General Taxpayer Recognition” …
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State Administration of Taxation Clarifies Several Implementation Issues Regarding Corporate Income Tax
On 22nd February 2010, the China State Administration of Taxation (SAT) issued circular Guoshuihan [2010] No.79 (Circular 79) to clarify several issues concerning the implementation …
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New Taxation Rules for Representative Offices of Foreign Enterprises in China
On 20th February 2010, the State Administration of Taxation (SAT) issued Circular Guoshuifa [2010] No.18 entitled Provisional Measures for Tax Collection and Administration of Representative …
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New Regulation on Tax for Non-resident Enterprises
On 20th February 2010, the China State Administration of Taxation (SAT) issued tax circular Guoshuifa [2010] No.18 (Circular 18), entitled Provisional Regulations on the Administration and …
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New Requirement for 2009 Annual Corporate Income Tax Reconciliation
The State Administration of Taxation (SAT) issued a notice on 27th January 2010 (Notice), clarifying the requirements on submission of annual Corporate Income Tax (CIT) …
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Further Clarification on Tax Treatments for Technology Transfer-Related Services
Following the issuance of tax circular Guoshuihan [2009] No.507 (Circular 507), Notice on Certain Issues Concerning the Implementation of Articles on Royalties in Double Tax …
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China Clarifies Tax Treatment for Royalties
On 14th September 2009, the State Administration of Taxation (SAT) issued a tax circular Guoshuihan [2009] No.507 Notice on Certain Issues Concerning the Implementation of …
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China Clarifies Issues on Foreign Tax Credit
China’s Ministry of Finance and State Administration of Taxation jointly issued Circular Caishui (2009) No. 125 (Circular 125) on 25th December 2009, providing guidelines for …
China Increases the Export Value-Added Tax Refund Rates for Textile Products, Certain Electronic Products and Other Commodities
In order to alleviate the financial difficulties faced by enterprises under the current global economic crisis, the PRC Ministry of Finance and State Administration of …
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Tax incentives on purchases of Research & Development (R&D) equipment
In order to encourage scientific research, technological development activities and to promote scientific advancement, the newly promulgated Cai Shui [2009] No.115 further extends preferential import …
