Other Briefings
Tax Exemptions for Foreign-Funded R&D Centers in China Clarified
Mar. 30 – China’s Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation jointly issued a circular on March 22 clarifying tax exemptions and refunds for foreign-invested research centers purchasing equipment in China. The circular defines the relevant items related to import duty exemptions for foreign-invested research centers importing […]
Hong Kong Signs Tax Treaties with Netherlands, Brunei
Mar. 29 – Hong Kong recently signed tax agreements with Brunei and the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion of income tax. The deals come at the urging of the Organization for Economic Cooperation and Development, which has asked China’s Special Administrative Region to incorporate a more transparent […]
New Bonded Logistics Center Established in Zhongshan
Mar. 29 – The bonded logistics center of Zhongshan became operational at the beginning of 2010 as one of the city’s 11th five-year plan key projects. Under the supervision of the General Administration of Customs (GAC), the bonded logistics center is operated by one legal enterprise. It is also joined by many enterprises which are […]
Filing Deadlines for Taxpayers in Hong Kong Approaching
HONG KONG, Mar. 26 – The 2009/10 assessment year for will end on March 31, 2010 and the tax filing season will commence again on April 1, 2010 with the bulk issue of profits tax returns and employer’s returns of remuneration and pensions. This will be followed on May 3, 2010 by a bulk issue […]
Updated China Tax Guide Out Now
Mar. 25 – China Briefing has published an updated version of its best selling China Tax Guide, a comprehensive overview of all the taxes foreign investors are likely to encounter when establishing or operating a business in China. The guide details all applicable taxes, when, where and how much needs to be paid, and contains […]
Property Deed Tax Incentives for First Time Buyers Clarified
Mar. 25 – The Ministry of Finance and the State Administration of Taxation recently issued a notice clarifying who qualifies for tax incentives when purchasing ordinary housing for the first time. The Circular on Deed Tax Policy Concerning Initial Purchases of Common Housing (Finance Circular [2010] No. 13) stipulates that for two or more individuals […]
Indonesia and Hong Kong Sign DTA
Mar. 24 – Officials from Indonesia and Hong Kong signed the Double Taxation Preventatives Agreement in Jakarta on Tuesday, which both parties hope will spur regional trade as demand from the United States and Europe continues to slow. Signed by Hong Kong’s Financial Secretary John Tsang and Indonesia’s Finance Minister Sri Mulyani, the deal halves […]
New Regulations for Zhuhai-Macau Industrial Zone to be Released
Mar. 22 – China’s General Administration of Customs announced order No. 189 on March 15, revising the administrative measures for customs in the Zhuhai Zone of the Zhuhai-Macau Cross-border Industrial Zone. According to the new measures, which take effect May 1, 2010, business scopes in the Zhuhai Zone can no longer cover disassembly or refurbishment. […]
