Other Briefings
Guangdong Extends Tax Declaration Deadlines
GUANGZHOU, Jan. 19 – Guangdong authorities have issued a new circular extending the deadlines for local taxation declarations on six public holidays. Extended tax declaration deadlines will apply to the New Year, Spring Festival, Qingming Festival, International Labor Day, Dragon Boat Festival and National Day holidays.
Latest China Census to Include Expats
SHANGHAI, Jan. 18 – For the first time ever, foreigners including those from Hong Kong, Macau and Taiwan will be accounted for by China’s national population census beginning November 1 in Shanghai. Census workers will scour the city and collect information on the age, nationality, level of education, profession and population migration of foreign residents. […]
Tax Rebates for Export Businesses Still Available
Jan. 18 – China’s State Administration of Taxation has issued a circular addressing tax rebates for export businesses. Export companies with unsettled overpaid value-added-tax can still avail of lump-sum tax rebates under the provision concerning tax settlements for enterprises undertaking a new export business following the Circular of the State Administration of Taxation on Printing […]
Trial Program for Mainland Investors Expires
Jan. 14 – The document for allowing a trial program that give Chinese individuals direct access to Hong Kong-listed securities and other global markets gas has expired. The State Administration of Foreign Exchange issued the document in 2007 allowing mainland Chinese individuals to use the renminbi or foreign currencies to invest in securities markets overseas. […]
Representative Office Risks and Audits in China
By Dezan Shira & Associates Jan. 13 – Representative offices in China undergo a different type of audit process than WFOEs, FICEs and JVs as they are not limited liability legal entities in their own right. The audit concentrates on balancing income from head office remittances and the expenses and taxes due by the RO. […]
Google Considers Pulling Out of China After Cyber Attacks
Jan. 13 – Google announced an ultimatum Tuesday saying it would no longer comply with censorship restrictions on its Chinese website and is considering pulling out of the market after a spate of major cyber attacks found to be originating from inside the country. According to a blog entry titled “A New Approach to China” […]
Choosing Your China Structure: Representative Offices
Jan. 12 – In his recent series for Beijing Review, Richard Hoffmann, the senior legal associate for Dezan Shira & Associates in China, discusses the choices foreign investors face when deciding upon a pertinent structure for their China operations. In this article from last month, he examines the issues surrounding the establishment of representative offices.
China Approves New Investment Options
Jan. 12 – The State Council has approved “in principle” the launch of index futures and margin trading business giving investors more options to get into the Chinese market, reports Xinhua. This will help develop China’s capital market to international standards and regulate the volatile stock market. The option to buy stock index futures, trading […]
