Other Briefings
IIT rules for expatriates in Hangzhou change
By Helen Ye/Dezan Shira & Associates HANGZHOU, Sept. 26 – We have been seeing a lot of variations locally on how the individual income tax (IIT) regime has been administered for expatriates, and Hangzhou, just west of Shanghai, is a perfect example of this. Previously in Hangzhou, it was permissible to have an agent, not […]
Manufacturers moving inland from Hangzhou as central province VAT reform kicks in
Textile manufacturers in and around Hangzhou, long one of the region’s pillar industries, are beginning to move their operations inland as China reduces the VAT burden in the central provinces. Beginning July 1, 2007, the Ministry of Finance and the State Administration of Taxation reduced the VAT burden in eight sectors within 26 specified industrial […]
Tax inspection on offices premises in Shanghai
Earlier this year, a new policy of conducting an on-sight tax inspection for any new representative office (RO) or wholly foreign owned enterprise (WFOE) has come into practice in Shanghai. Under this current practice, the tax inspection on the office premises will have to be conducted before tax registration can begin. Because the tax officer […]
VAT refunds for FICEs stall in Hangzhou
By Andy Scott HANGZHOU, Aug. 24 – Foreign invested commercial enterprises best look elsewhere when considering a place to set up, at least that is the consensus we are getting from Hangzhou, where the authorities are making it very difficult for FICEs to receive their VAT refunds on exported goods. Since June 2004, China has […]
Express air service between Beijing and Shanghai launched
Flights between Shanghai and Beijing just got faster and more reliable, at least that’s the word from five Chinese airline companies who launched an express air service between the two cities yesterday. Operated by Air China, China Eastern, China Southern, Hainan Airlines and Shanghai Airlines, a total of 36 express flights taking off almost every […]
Moving to China? Here’s some advice…
While doing some research recently on advice for foreign investors looking to enter the Chinese market, we came upon this letter to an American considering seeking opportunities in Shanghai. [There is] nothing whatever for you to do in the office in Shanghai, and, as you do not speak Chinese, I cannot put you in charge […]
Conservation efforts look to turn China’s Grand Canal into World Heritage site
The Grand Canal, a 1,800 kilometer-long waterway stretching from Beijing in the north to Hangzhou in the south linking six of China’s river systems – the Yellow, the Huai, the Qiantang, the Wei, the Hai and the Yangtze – is seeing a revival of conservation efforts following the establishment of a national organization to protect the world’s oldest canal […]
Housing fund contributions change for Beijing, Shanghai and Guangzhou
Provincial tax authorities recently announced an amendment to the regulations that govern tax free contributions to basic pension funds, basic medical insurance, unemployment and housing funds (Cai Shui (2006) Circular 10). Effective July 1, 2007, provincial supervision bureaus have put in place new regulations on housing fund contributions for Beijing, Shanghai and Guangzhou. When it was issued […]
