A Representative Office (RO) may be cheap to set up, but is often more costly in the long run. One of the core reasons for this is the different tax treatments of an RO and incorporated entities. Find out what these are, and how to convert your RO.
China is moving to curb transfer pricing with new corporate income tax deduction rules on cross-border related party transactions. It is predicted that transfer pricing will be another tough area for foreigners operating business in China in 2015 and beyond.
In this weeks’ China Regulatory Brief, we discuss the corporate income tax incentives for encouraged industries in Western China, CIT issues on cross-border related party transactions and the intellectual property protection center newly established in Beijing.
The Chinese government released the latest version of the Guidance Catalogue for Foreign Investment, outlining which industries are restricted or prohibited for foreign investors. The final version essentially enacts the draft that was published in November 2014.
Human Resources and Payroll in China 2015, now available through the Asia Briefing Bookstore, provides a firm understanding of China’s laws and regulations related to human resources administration and payroll management.