Tax & Accounting

Hong Kong Issues Guidelines on Transfer Pricing

by

HONG KONG, Jan. 7 – The Hong Kong Inland Revenue Department (IRD) recently released DIPN 46 to illustrate how transfer pricing principles will be applied in the territory. The 55 page document explains how OECD Transfer Pricing Guidelines will be practiced in Hong Kong particularly how OECD transfer pricing methodologies will work with its own […]

China May Expand Pilot Property Tax Program Nationwide

by

Jan. 6 – China may implement a pilot property tax program nationwide reports Shanghai Securities News. Morgan Stanley said that China may levy a tax on commercial real estate in “selective regions” before applying a levy on residences in an effort to temper the heated property market. It will take some time before the pilot […]

Clarifications on Corporate Tax Issues on Liquidation

by

Jan. 4 – The State Administration of Taxation has issued a circular on issues related to corporate income tax (CIT) and company liquidation. According to Circular 684, companies must immediately inform local tax authorities of the time they enter the liquidation period. Companies are to  consider the liquidation period as a separate tax year along […]

China Capital Gains Tax May be Levied on Indirect Share Disposals Offshore

by

Dec. 29 – The Chinese tax authorities may impose withholding tax on non-resident enterprises that indirectly dispose equity interests in Chinese resident enterprises outside China if there is an abuse in the form of organization. Issued on December 15, the circular Guoshuihan [2009] No.698 has several key points: Where a foreign investor indirectly transfers equity […]

China Adjusts Home Ownership Transfer Taxes

by

Dec. 24 – The Ministry of Finance and the State Administration of Taxation released on Tuesday a circular adjusting the business tax on individuals who transfer ownership of the houses in China. The circular, “Adjusting Business Tax Policies for Individuals Transferring their Ownership of Houses,” stipulates that individuals transferring the ownership of their non-common houses […]

U.S. Congress Looks to Revise SOX Legislation

by

By Hank Bourg Dec. 17 – The U.S. House of Representatives last Friday passed sweeping legislation that tightens government regulation of the financial markets in the U.S. including addressing predatory lending practices and unregulated financial derivatives. Nestled in the various sections of the act, titled “The Wall Street Reform and Consumer Protection Act,” is an […]

Clarification on Foreign Exchange Payments for Reinvestment

by

Dec. 15 – The State Administration of Tax and the State Administration of Foreign Exchange have jointly issued a circular which provides additional clarification on tax certificate requirements for service industry items and transactions. The circular expands the list of items that do not require tax certificates, including payments made by contractors for overseas engineering/construction […]

China’s Tax Administration Releases New Taxpayer Rights and Obligations Guidelines

by

BEIJING, Dec. 11 – The State Administration of Taxation recently issued a notice detailing the rights and obligations of taxpayers in China. The Notice of the State Administration of Taxation on the Rights and Responsibilities of Taxpayers, issued on November 30, lists 14 rights for taxpayers, including the right to be informed of relevant laws, […]

Showing 8 of 1299 articles
Events in China All Events

Our free webinars are packed full of useful information for doing business in China.

Related reading
  • Human Resources and Payroll in China 2023
  • An Introduction to Doing Business in Hong Kong 2023
  • Investing in China's Greater Bay Area: Tapping into Long-Term Opportunities
  • An Introduction to Doing Business in China 2023
  • Investing in China’s Healthcare Sector
Back to top