Other Briefings
Notice on Launching Special Tax Inspection
May 26 – The State Administration of Taxation recently issued a notice regarding the launching of a special tax inspection in 2010 with an effort to further regulate taxation procedures and provide a better tax environment. Guoshuifa [2010] No. 35, issued on April 16, stipulates the tax inspectoral targets and projects, including industries, business activities […]
China to Release Green Car Subsidy Details in Late May
May 25 – China is set to release the details of its green car subsidy program later this month, with measures to subsidize the buyers of green vehicles and boost domestic purchases of electric and hybrid cars. The subsidy program has already been approved by the National Development and Reform Commission, the Ministry of Finance, […]
Regional Plan for Yangtze River Delta Approved
May 25 – China’s State Council and the National Development and Reform Commission (NDRC) officially approved the regional plan for the Yangtze River Delta on Monday. The regional plan focuses on developing the Yangtze River Delta into a key international gateway for the Asia-Pacific region, as well as an important global center for the modern […]
China Plans to Alter Resource Tax Structure
May 24 – China plans to alter the tax structure on the profits made off energy products according to a work conference last Thursday in Xinjiang. The new structure, which will first be tested in a pilot program in the province, will consider resource prices as a factor when levying taxes, compared to the current […]
Notice on Real Estate Companies Delivering Complete Housing Projects
May 24 – The State Administration of Taxation recently issued a new notice regarding real estate enterprises delivering complete housing projects. Guoshuihan [2010] No. 201, issued May 12, specifies the terms and conditions for real estate companies on completing housing projects. In accordance with the “Real Estate Corporate Income Tax Notice” (Guoshuifa [2006] No. 31) […]
Ningbo Issues VAT General Taxpayer Management Approach
May 20 – The Ningbo municipal office recently issued a notice regarding the management approach for VAT general taxpayers, effective May 1. The notice, issued May 17, specifies the qualifications for VAT general taxpayers, which include business or enterprise units whose annual taxable sales exceed RMB500,000 and engage in production or service business; or other […]
Richard Hoffmann Explains China Foreign-Invested Partnerships
May 20 – Richard Hoffmann, senior legal associate at Dezan Shira & Associates’ Beijing office, explains in detail the regulatory and legal aspects of China’s new foreign invested partnerships and the country’s attempts to further encourage FDI in this English language interview, just aired on CCTV 9. The interview details the ability of foreign-invested enterprises […]
Notice on Information Entry for Import VAT
May 19 – The State Administration of Taxation recently issued a notice on information entry for import value-added tax, effective June 1. Guoshuihan [2010] No. 195, issued May 12, specifies the changing roles on the Administration of Custom’s behalf. Namely, that the state customs organization will no longer serve the information entry for import VAT, […]
