Other Briefings
Foreign-Invested Partnerships: The Third Road in China
BEIJING, Jun. 3 – Richard Hoffmann, the senior legal associate for Dezan Shira & Associates in Beijing, held a business seminar last week on the recent legislation that makes partnership enterprises available to foreign investors. The seminar, held in conjunction with KPMG’s Tracy Zhang at the Kempinski Hotel Beijing on May 26, was an excellent […]
New Issue of China Briefing: Pre and Post-Incorporation Registration Procedures
Jun. 2 – In this new issue of China Briefing, we look at the important pre and post-incorporation registration procedures foreign investors need to be aware of when setting up in China. When establishing a company in China, careful planning must be done prior to incorporation to fully prepare for the financial and tax implications […]
Compensation for Non Company-Related Deaths
Op/Ed Commentary: Chris Devonshire-Ellis Jun. 1 – With the news that a foreign enterprise in China has reached an out of court settlement of RMB10,000 for a candidate who died during a job interview, the specter of non-employment compensation for accidents or injuries again raises its head. In the case described, the family of the […]
Notice on 2009 Annual CIT Declaration
Jun. 1 – The State Administration of Taxation recently issued a notice regarding the 2009 annual corporate income tax declaration to effectively implement the new CIT law and ensure tax payment. The tax policy adjustment over CIT in Guoshuihan [2010] No. 249, issued on May 28, states that a small number of taxpayers can declare […]
CIRC to Ease Limits on Insurers’ Investments in China
May 31 – The China Insurance Regulatory Commission (CIRC) will ease limits and relax some rules on investments made by insurance companies in stocks and bonds, but caution remains on property investments, according to a CIRC official statement. “We are in discussions to allow major insurers to invest 20 percent of their assets into stocks […]
Notice on the Management Approach of Export Tax Rebate for Finance Leasing Vessels
TIANJIN, May 28 – The State Administration of Taxation recently issued a notice regarding the management approach to export tax rebates for finance leasing vessels, effective April 1. Guoshuifa [2010] No. 52, issued on May 18, stipulates the export tax rebate scope, requirements and calculating method for finance leasing vessels, in accordance with circular Caishui […]
Hong Kong, Austria Sign Tax Treaty
May 27 – In the latest of a string of trade deals organized by the Hong Kong government, the Chinese special administrative region signed a trade agreement with Austria on Tuesday that will remove double taxations between the two areas and reduce taxes in a number of sectors. Before the most recent tax treaty was […]
Notice on Investigating the Sources of CIT
May 27 – The State Administration of Taxation and the Ministry of Finance jointly issued a notice recently regarding the 2010 investigation on sources of CIT. Caishui [2010] No. 28, issued on May 5, stipulates the scope, content, time line and requirements of the investigation. Compared to the 2009 version, the updated notice includes the […]
