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China Briefing is a monthly magazine and daily news service about doing business in China. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

Market Indexes

Shanghai

Shenzhen

Permissible Tax Deduction and Limits

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Here we take a closer look at deductible and non-deductible expenses, including:

Deductible Expenses

Advertising and business promotion
Asset loss
Business entertainment
Charitable donations
Commercial insurance
Commission
Equity investment losses deductible in one sum
Exchange gain or loss
Interest of debt from a related party
Labor union fees
R&D
Staff education
Welfare expenses

Non-Deductable Expenses

Management fees
Provisions
Sponsorship
Late fees for tax payment
Fines and penalties

To read the full version of this magazine, please purchase this issuein the Asia Briefing Bookstore. Companies requiring assistance may contact Dezan Shira & Associatesat china@dezshira.comor visit www.dezshira.com.