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	<title>China Briefing News &#187; Finance, Tax and Accounting</title>
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		<title>China Clarifies Favorable CIT Treatment to Infrastructure and &#8220;Green&#8221; Projects</title>
		<link>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html#comments</comments>
		<pubDate>Fri, 10 Feb 2012 06:40:25 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China CIT Deduction]]></category>
		<category><![CDATA[China CIT Exemption]]></category>
		<category><![CDATA[China CIT Incentives]]></category>
		<category><![CDATA[China CIT Law 2008]]></category>
		<category><![CDATA[China Corporate Income Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15593</guid>
		<description><![CDATA[China has granted six-year-long tax incentives to projects on key public infrastructure development and environmental protection. Based on those laws, a recent government document clarified the implementation of such incentives on eligible projects that have already been recognized before 2008. <a href="http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Citibank Permitted to Issue Credit Cards in China</title>
		<link>http://www.china-briefing.com/news/2012/02/08/citibank-permitted-to-issue-credit-cards-in-china.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/08/citibank-permitted-to-issue-credit-cards-in-china.html#comments</comments>
		<pubDate>Wed, 08 Feb 2012 09:36:32 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[China Banking]]></category>
		<category><![CDATA[China e-Payment Market]]></category>
		<category><![CDATA[Citibank China Credit Cards]]></category>
		<category><![CDATA[Citigroup]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15588</guid>
		<description><![CDATA[Greater market access to China&#8217;s banking industry on the road ahead? Feb. 8 &#8211; U.S.-based financial services corporation Citigroup announced on Monday that it has obtained government approval to issue its own credit cards in China. It is hoped that Beijing&#8217;s recent decision indicates that the country will be more willing to open up its banking industry to foreign financial institutions in the near future. Citigroup – operating 13 corporate bank branches and 46 consumer outlets in the world&#8217;s most populous nation – is the first Western bank authorized to issue credit cards in Mainland China. Hong Kong-based Bank of &#8230; <a href="http://www.china-briefing.com/news/2012/02/08/citibank-permitted-to-issue-credit-cards-in-china.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/08/citibank-permitted-to-issue-credit-cards-in-china.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liquidating a China Business</title>
		<link>http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html#comments</comments>
		<pubDate>Wed, 08 Feb 2012 06:42:47 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[China Company Law]]></category>
		<category><![CDATA[China Legal]]></category>
		<category><![CDATA[China Liquidation]]></category>
		<category><![CDATA[China Relocation]]></category>
		<category><![CDATA[Closing in China]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15579</guid>
		<description><![CDATA[Many foreign businesses in China do very well and are profitable. However, there will always be some that do not succeed commercially, or that may have to close because of external circumstances affecting their parent company overseas. In this article, we explain the procedures you would need to go through to close a foreign invested enterprise in China, and highlight the many related issues that you will need to address. <a href="http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Taxation on Real Estate Rental Income in China</title>
		<link>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html#comments</comments>
		<pubDate>Tue, 07 Feb 2012 11:57:40 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Central China]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[South China]]></category>
		<category><![CDATA[China Business Tax]]></category>
		<category><![CDATA[China Chengdu]]></category>
		<category><![CDATA[China Education Surcharge]]></category>
		<category><![CDATA[China Guangzhou]]></category>
		<category><![CDATA[China Individual Income Tax]]></category>
		<category><![CDATA[China Individual Rental Income]]></category>
		<category><![CDATA[China Individual Rental Tax]]></category>
		<category><![CDATA[China Property Tax]]></category>
		<category><![CDATA[China Shenzhen]]></category>
		<category><![CDATA[China Urban Maintenence and Construction Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15557</guid>
		<description><![CDATA[Including city-specific details on Chengdu, Guangzhou and Shenzhen Feb. 7 &#8211; Both Chinese nationals and a foreign individuals are subject to a combination of taxes on real estate rental income: including individual income tax (IIT), business tax (BT), property tax (PT), urban maintenance and construction tax (UMCT) and an education surcharge (ES). If simply left to adding up all those rates according to each specific tax law, the taxation on individual rental income would end up pretty high. However, in a move to energize China&#8217;s housing supply market, the Chinese government began offering some tax incentives starting in 2008. In &#8230; <a href="http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>China Grants Tax Incentives to Logistics Industry</title>
		<link>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html#comments</comments>
		<pubDate>Mon, 06 Feb 2012 06:14:33 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[Shipping & Logistics]]></category>
		<category><![CDATA[China Logistics]]></category>
		<category><![CDATA[China Logistics Industry]]></category>
		<category><![CDATA[China Shipping]]></category>
		<category><![CDATA[China Urban Land Use Tax]]></category>
		<category><![CDATA[China Warehousing Facilities]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15547</guid>
		<description><![CDATA[In a move to further boost its logistics industry, China is now allowing logistics enterprises to pay less urban land use tax (ULUT) on lands occupied by their commodity warehouses. <a href="http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China Announces Import Tax Treatment to &#8216;Encouraged&#8217; Foreign-Invested Projects</title>
		<link>http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html#comments</comments>
		<pubDate>Thu, 02 Feb 2012 08:57:24 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China Customs Duty]]></category>
		<category><![CDATA[China FDI]]></category>
		<category><![CDATA[China General Administration of Customs]]></category>
		<category><![CDATA[China Import Taxes]]></category>
		<category><![CDATA[China Import VAT]]></category>
		<category><![CDATA[China Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15524</guid>
		<description><![CDATA[In Announcement [2012] No.4 released on January 29, the Chinese General Administration of Customs clarified the favorable import tax treatment to "encouraged" foreign-invested projects. <a href="http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shanghai Offers Fiscal Support to Promote VAT Reform</title>
		<link>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html#comments</comments>
		<pubDate>Mon, 30 Jan 2012 03:20:58 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[East China]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China VAT]]></category>
		<category><![CDATA[Shanghai Fiscal Compensation to VAT Reform]]></category>
		<category><![CDATA[Shanghai Pilot Taxpayers]]></category>
		<category><![CDATA[Shanghai VAT Reform]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15497</guid>
		<description><![CDATA[Shanghai's newly included value-added taxpayers (pilot enterprises) may receive fiscal compensation if they see increases in their actual tax burdens under the new tax scheme, local authorities said recently. <a href="http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Transfers of Natural Resource Use Rights Subject to Business Tax</title>
		<link>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html#comments</comments>
		<pubDate>Mon, 23 Jan 2012 03:15:24 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Oil & Petroleum]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China Business Tax]]></category>
		<category><![CDATA[China Intangible Asset Transfer]]></category>
		<category><![CDATA[China Natural Resource Use Rights Transfer]]></category>
		<category><![CDATA[China Natural Resources]]></category>
		<category><![CDATA[China Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15462</guid>
		<description><![CDATA[China's State Administration of Taxation recently clarified the tax treatment to transfers of natural resource use rights. <a href="http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Guangzhou Simplifies Electronic VAT Declaration Procedures</title>
		<link>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html#comments</comments>
		<pubDate>Thu, 19 Jan 2012 09:48:03 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[South China]]></category>
		<category><![CDATA[China Guangzhou VAT]]></category>
		<category><![CDATA[China Tax]]></category>
		<category><![CDATA[China Value Added Tax]]></category>
		<category><![CDATA[China VAT Small-scale Taxpayer]]></category>
		<category><![CDATA[Guangzhou]]></category>
		<category><![CDATA[Online VAT Declaration]]></category>
		<category><![CDATA[Telephone VAT Declaration]]></category>
		<category><![CDATA[VAT Declaration]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15448</guid>
		<description><![CDATA[Guangzhou's value-added tax small-scale taxpayers are now not required to submit paper declaration forms when they file electronic VAT declarations. <a href="http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China Continues Offering Tax Incentives to Animation Industry</title>
		<link>http://www.china-briefing.com/news/2012/01/19/china-continues-offering-tax-incentives-to-animation-industry.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/19/china-continues-offering-tax-incentives-to-animation-industry.html#comments</comments>
		<pubDate>Thu, 19 Jan 2012 08:31:58 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Culture and History]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China Animation Industry]]></category>
		<category><![CDATA[China Animation Production]]></category>
		<category><![CDATA[China Animation Software]]></category>
		<category><![CDATA[China Business Tax]]></category>
		<category><![CDATA[China Copyright Transfer]]></category>
		<category><![CDATA[China Cultural Industries]]></category>
		<category><![CDATA[China Tax]]></category>
		<category><![CDATA[China Value Added Tax]]></category>
		<category><![CDATA[China VAT Refund]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15443</guid>
		<description><![CDATA[As part of its support for emerging cultural industries, China's Ministry of Finance and State Administration of Taxation recently announced to continue the favorable value-added tax and business tax treatment to the animation industry. <a href="http://www.china-briefing.com/news/2012/01/19/china-continues-offering-tax-incentives-to-animation-industry.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/19/china-continues-offering-tax-incentives-to-animation-industry.html/feed</wfw:commentRss>
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